Quarterly report pursuant to Section 13 or 15(d)

Broadcast Licenses

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Broadcast Licenses
9 Months Ended
Sep. 30, 2018
Text Block [Abstract]  
Broadcast Licenses

NOTE 7. BROADCAST LICENSES

The following table presents the changes in broadcasting licenses that include acquisitions and divestitures of radio stations and FM translators as discussed in Note 4 of our Condensed Consolidated Financial Statements.

 


Broadcast Licenses

   Twelve Months Ended
December 31, 2017
     Nine Months Ended
September 30, 2018
 
     (Dollars in thousands)  

Balance, beginning of period before cumulative loss on impairment

   $ 494,058      $ 486,455  

Accumulated loss on impairment

     (105,541      (105,541
  

 

 

    

 

 

 

Balance, beginning of period after cumulative loss on impairment

     388,517        380,914  
  

 

 

    

 

 

 

Acquisitions of radio stations

     191        6,270  

Acquisitions of FM translators and construction permits

     198        11  

Capital projects to improve broadcast signal and strength

     5        —    

Dispositions of radio stations

     (7,997      (8,013
  

 

 

    

 

 

 

Balance, end of period before cumulative loss on impairment

     486,455        484,723  
  

 

 

    

 

 

 

Accumulated loss on impairment

     (105,541      (105,541
  

 

 

    

 

 

 

Balance, end of period after cumulative loss on impairment

   $ 380,914      $ 379,182