|6 Months Ended|
Jun. 30, 2017
|Subsequent Events [Abstract]|
NOTE 20. SUBSEQUENT EVENTS
On July 24, 2017, we closed on the acquisition of the FM translator construction permit in Eaglemount, Washington, for $40,000 in cash. The FM translator will be relocated to the Portland, Oregon market for use by our KDZR-AM radio station.
On July 6, 2017, we acquired TradersCrux.com for $0.3 million in cash. In addition, we may pay the seller a one-time contingent payment of up to $0.1 million if certain income goals are met during the one-year following the closing.
Subsequent events reflect all applicable transactions through the date of the filing.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/presentationRef