Quarterly report pursuant to Section 13 or 15(d)

BROADCAST LICENSES (Tables)

v3.8.0.1
BROADCAST LICENSES (Tables)
 9 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in broadcasting licenses
The following table presents the changes in broadcasting licenses that include capital projects and acquisitions of radio stations and FM translators as discussed in Note 4 of our Condensed Consolidated financial statements.
 
 
 
Twelve Months Ended
 
Nine Months Ended
 
Broadcast Licenses
 
December 31, 2016
 
September 30, 2017
 
 
 
(Dollars in thousands)
 
Balance, beginning of period before cumulative loss on impairment
 
$
492,032
 
$
494,058
 
Accumulated loss on impairment
 
 
(99,001)
 
 
(105,541)
 
Balance, beginning of period after cumulative loss on impairment
 
 
393,031
 
 
388,517
 
Acquisitions of radio stations
 
 
74
 
 
—
 
Acquisitions of FM translators and construction permits
 
 
1,645
 
 
198
 
Capital projects to improve broadcast signal and strength
 
 
307
 
 
5
 
Impairments based on estimated fair value of broadcast licenses
 
 
(6,540)
 
 
—
 
Balance, end of period before cumulative loss on impairment
 
 
494,058
 
 
494,261
 
Accumulated loss on impairment
 
 
(105,541)
 
 
(105,541)
 
Balance, end of period after cumulative loss on impairment
 
$
388,517
 
$
388,720