GOODWILL AND RADIO BROADCASTING LICENSES (Tables)

3 Months Ended

Mar. 31, 2020

GOODWILL AND RADIO BROADCASTING LICENSES

Schedule Of Radio Broadcasting Licenses Impairment

Radio Broadcasting	March 31,
Licenses	2020 (a)
Pre-tax impairment charge (in millions)	$	47.7
Discount Rate		9.5	%
Year 1 Market Revenue Growth Rate Range		(13.3)	%
Long-term Market Revenue Growth Rate Range (Years 6 – 10)		0.7% – 1.1	%
Mature Market Share Range		6.9% – 25.0	%
Operating Profit Margin Range		27.6% – 39.7	%

(a)Reflects changes only to the key assumptions used in the interim testing for certain units of accounting.

Schedule Of Goodwill Impairment Test Radio Market Unit

Goodwill (Radio Market	March 31,
Reporting Units)	2020 (a)
Pre-tax impairment charge (in millions)	$	6.0
Discount Rate		9.5	%
Year 1 Market Revenue Growth Rate Range		(14.5)% – (12.9)	%
Long-term Market Revenue Growth Rate Range (Years 6 – 10)		0.9% – 1.1	%
Mature Market Share Range		11.1% – 13.0	%
Operating Profit Margin Range		29.4% – 39.0	%

(a)Reflects changes only to the key assumptions used in the interim testing for certain units of accounting

Schedule Of Changes In Carrying Amount Of Goodwill

The table below presents the changes in the Company’s goodwill carrying values for its four reportable segments.

	Radio		Reach				Cable
	Broadcasting		Media		Digital		Television
	Segment		Segment		Segment		Segment		Total
	(In thousands)
Gross goodwill	$	155,000	$	30,468	$	27,567	$	165,044	$	378,079
Additions		—		—		—		—		—
Impairments		(5,950)		—		—		—		(5,950)
Accumulated impairment losses		(101,848)		(16,114)		(20,345)		—		(138,307)
Net goodwill at March 31, 2020	$	47,202	$	14,354	$	7,222	$	165,044	$	233,822