Annual report pursuant to Section 13 and 15(d)

BROADCAST LICENSES

v3.7.0.1
BROADCAST LICENSES
 12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
BROADCAST LICENSES
NOTE 7. BROADCAST LICENSES
 
The following table presents the changes in broadcasting licenses that include acquisitions of radio stations and FM translators as discussed in Note 4 of our consolidated financial statements.
 
Broadcast Licenses
 
As of December 31, 2015
 
As of December 31, 2016
 
 
 
(Dollars in thousands)
 
Balance, beginning of period before cumulative loss on impairment
 
$
484,727
 
$
492,032
 
Accumulated loss on impairment
 
 
(99,001)
 
 
(99,001)
 
Balance, beginning of period after cumulative loss on impairment
 
 
385,726
 
 
393,031
 
Acquisitions of radio stations
 
 
5,923
 
 
74
 
Acquisitions of FM translators
 
 
276
 
 
1,645
 
Capital projects to improve broadcast signal and strength
 
 
1,106
 
 
307
 
Impairments based on estimated fair value of broadcast licenses
 
 
—
 
 
(6,540)
 
Balance, end of period before cumulative loss on impairment
 
$
492,032
 
$
494,058
 
Accumulated loss on impairment
 
 
(99,001)
 
 
(105,541)
 
Balance, end of period after cumulative loss on impairment
 
$
393,031
 
$
388,517