Quarterly report pursuant to Section 13 or 15(d)

Broadcast Licenses (Tables)

v3.21.2
Broadcast Licenses (Tables)
 6 Months Ended
Jun. 30, 2021
Indefinite-lived Intangible Assets [Line Items]  
Schedule of Changes in Broadcasting Licenses
The following table presents the changes in broadcasting licenses that include acquisitions and divestitures of radio stations and FM translators.
 
Broadcast Licenses
   Twelve Months Ended
December 31, 2020		    
Six Months Ended

June 30, 2021
  
   
(Dollars in thousands)
  
Balance before cumulative loss on impairment, beginning of period
   $ 435,300    
$
434,209
 
Accumulated loss on impairment, beginning of period
     (97,442 )   
 
(114,436
) 
   
 
 
    
 
 
  
Balance after cumulative loss on impairment, beginning of period
     337,858    
 
319,773
 
   
 
 
    
 
 
  
Acquisitions of radio stations
     —      
 
235
 
Dispositions of radio stations
     (1,091 )      —    
Impairments based on the estimated fair value of broadcast licenses
     (16,994 )      —    
   
 
 
    
 
 
  
Balance, end of period after cumulative loss on impairment
   $ 319,773    
$
320,008
 
   
 
 
    
 
 
  
Balance, end of period before cumulative loss on impairment
   $ 434,209    
$
434,444
 
Accumulated loss on impairment, end of period
     (114,436 )   
 
(114,436
) 
   
 
 
    
 
 
  
Balance, end of period after cumulative loss on impairment
   $ 319,773    
$
320,008