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GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS: (Tables)
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12 Months Ended |
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Dec. 31, 2012
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| Goodwill and Radio Broadcasting Licenses [Abstract] |
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| Schedule Of Radio Broadcasting Licenses Impairment [Table Text Block] |
Our methodology for valuing broadcasting licenses has been consistent for all periods presented. Below are some of the key assumptions used in the income approach model for estimating broadcasting licenses fair values for all annual and interim impairments assessments performed since October 2010. | Radio Broadcasting | | October 1, | | | October 1, | | | June 30, | | | October 1, | | | Licenses | | 2010 | | | 2011 | | | 2012 (a) | | | 2012 | | | | | | | | | | | | | | | | | | | | | Pre-tax impairment charge (in millions) | | $ | 19.9 | | | $ | — | | | $ | 0.3 | | | $ | — | | | | | | | | | | | | | | | | | | | | | Discount Rate | | | 10.0 | % | | | 10.0 | % | | | 10.0 | % | | | 10.0 | % | | Year 1 Market Revenue Growth Rate Range | | | 1.0% -3.0 | % | | | 1.5% -2.5 | % | | | 1.0% -3.0 | % | | | 1.0% -2.0 | % | | Long-term Market Revenue Growth Rate Range (Years 6 – 10) | | | 1.0% - 2.5 | % | | | 1.0% - 2.0 | % | | | 1.0% - 2.0 | % | | | 1.0% -2.0 | % | | Mature Market Share Range | | | 0.8% - 28.3 | % | | | 0.7% - 28.9 | % | | | 5.8% - 15.6 | % | | | 0.7% - 27.4 | % | | Operating Profit Margin Range | | | 19.0% - 47.3 | % | | | 19.1% - 47.4 | % | | | 29.1% - 48.0 | % | | | 19.6% - 47.7 | % | | a) | Reflects changes only to the key assumptions used in the interim testing for certain units of accounting. | |
| Schedule of Indefinite-Lived Intangible Assets [Table Text Block] |
| | | Radio Broadcasting Licenses
Carrying Balances | | | | | As of | | | | | | As of | | | Unit of Accounting | | December
31, 2011 | | | Impairment | | | December
31, 2012 | | | | | (In thousands ) | | | | | | | | | | | | | | Unit of Accounting 2 | | $ | 3,086 | | | $ | - | | | $ | 3,086 | | | Unit of Accounting 4 | | | 9,482 | | | | (313 | ) | | | 9,169 | | | Unit of Accounting 5 | | | 18,657 | | | | - | | | | 18,657 | | | Unit of Accounting 7 | | | 16,165 | | | | - | | | | 16,165 | | | Unit of Accounting 14 | | | 20,434 | | | | - | | | | 20,434 | | | Unit of Accounting 15 | | | 20,886 | | | | - | | | | 20,886 | | | Unit of Accounting 11 | | | 21,135 | | | | - | | | | 21,135 | | | Unit of Accounting 9 | | | 34,270 | | | | - | | | | 34,270 | | | Unit of Accounting 6 | | | 26,242 | | | | - | | | | 26,242 | | | Unit of Accounting 16 | | | 52,965 | | | | - | | | | 52,965 | | | Unit of Accounting 13 | | | 52,556 | | | | - | | | | 52,556 | | | Unit of Accounting 8 | | | 66,715 | | | | - | | | | 66,715 | | | Unit of Accounting 12 | | | 58,779 | | | | - | | | | 58,779 | | | Unit of Accounting 1 | | | 93,394 | | | | - | | | | 93,394 | | | Unit of Accounting 10 | | | 179,541 | | | | - | | | | 179,541 | | | Total | | $ | 674,307 | | | $ | (313 | ) | | $ | 673,994 | | |
| Schedule Of Good Will Impairment Test Radio Marketing Unit [Table Text Block] |
Below are some of the key assumptions used in the income approach model for estimating reporting unit fair values for all interim and annual impairment assessments performed since October 2010. | Goodwill (Radio Market | | October 1, | | | October 1, | | | October 1, | | | Reporting Units) | | 2010 (a) | | | 2011 (a) | | | 2012 (a) | | | | | | | | | | | | | | | | | Pre-tax impairment charge (in millions) | | $ | – | | | $ | 14.5 | | | $ | – | | | | | | | | | | | | | | | | | Discount Rate | | | 10.0 | % | | | 10.0 | % | | | 10.0 | % | | Year 1 Market Revenue Growth Rate Range | | | 1.5% -3.0 | % | | | 2.0% -2.5 | % | | | 1.0% -2.0 | % | | Long-term Market Revenue Growth Rate Range (Years 6 – 10) | | | 1.5% - 2.5 | % | | | 1.5% - 2.0 | % | | | 1.5% - 2.0 | % | | Mature Market Share Range | | | 7.0% - 23.0 | % | | | 7.4% - 20.8 | % | | | 6.7% - 20.8 | % | | Operating Profit Margin Range | | | 27.5% - 58.0 | % | | | 29.5% - 54.0 | % | | | 29.3% - 58.5 | % | | (a) | Reflects the key assumptions for testing only those radio markets with remaining goodwill. | |
| Schedule Of Goodwill Impairment Test Reach Media Goodwill [Table Text Block] |
| | | October | | | December | | | October | | | October | | | | | 1, | | | 31, | | | 1, | | | 1, | | | Reach Media Goodwill | | 2010 | | | 2010 | | | 2011 | | | 2012 | | | | | | | | | | | | | | | | | | | | | Pre-tax impairment charge (in millions) | | $ | - | | | $ | 16.1 | | | $ | - | | | $ | - | | | | | | | | | | | | | | | | | | | | | Discount Rate | | | 13.0 | % | | | 13.5 | % | | | 12.0 | % | | | 12.0 | % | | Year 1 Revenue Growth Rate | | | 2.5 | % | | | 2.5 | % | | | 2.5 | % | | | 2.0 | % | | Long-term Revenue Growth Rate Range | | | 2.5% - 3.3 | % | | | (2.6)% - 4.4 | % | | | (2.0)% - 3.5 | % | | | (4.7)% - 2.8 | % | | Operating Profit Margin Range | | | 25.5% - 31.2 | % | | | 15.5% - 25.9 | % | | | 18.8% - 21.7 | % | | | 4.6% - 19.8 | % | |
| Schedule Of Goodwill Impairment Test Goodwill Internet Segment [Table Text Block] |
| Goodwill (Internet | | October 1, | | | October 1, | | | October 1, | | | Segment) | | 2010 | | | 2011 | | | 2012 | | | | | | | | | | | | | | | | | Pre-tax impairment charge (in millions) | | $ | - | | | $ | - | | | $ | - | | | | | | | | | | | | | | | | | Discount Rate | | | 15.0 | % | | | 14.5 | % | | | 13.5 | % | | Year 1 Revenue Growth Rate | | | 24.5 | % | | | 20.3 | % | | | 13.8 | % | | Long-term Revenue Growth Rate (Year 10) | | | 3.0 | % | | | 2.5 | % | | | 2.5 | % | | Operating Profit Margin Range | | | (0.6)% - 32.7 | % | | | 0.0% - 28.8 | % | | | (4.8)% - 24.2 | % | |
| Schedule Of Goodwill Impairment Test Cable Television Goodwill [Table Text Block] |
| | | December 31, | | | October 1, | | | Cable Television Goodwill | | 2011 | | | 2012 | | | | | | | | | | | | | Pre-tax impairment charge (in millions) | | $ | – | | | $ | – | | | | | | | | | | | | | Discount Rate | | | 11.5 | % | | | 10.75 | % | | Year 1 Revenue Growth Rate | | | 13.9 | % | | | 11.2 | % | | | | | | | | | | | | Long-term Revenue Growth Rate Range | | | 2.7% - 13.9 | % | | | 2.5% - 12.2 | % | | | | | | | | | | | | Operating Profit Margin Range | | | 29.9% - 42.2 | % | | | 33.3% - 36.2 | % | |
| Schedule Of Changes In Carrying Amount Of Goodwill [Table Text Block] |
The table below presents the Company’s goodwill carrying values for its four reportable segments. There were no changes to the goodwill carrying balances during the year ended December 31, 2012. As noted above, the 20 reporting units consist of the 16 radio markets plus four other business divisions. The actual reporting units are not disclosed so as to not make sensitive information publicly available that could potentially be competitively harmful to the Company. | | | Goodwill Carrying Balances | | | | | As of | | | | | | As of | | | Reporting Unit | | December
31, 2011 | | | Increase
(Decrease) | | | December
31, 2012 | | | | | | | | (In millions) | | | | | | | | | | | | | | | | | Radio Broadcasting Segment | | $ | 70.8 | | | $ | - | | | $ | 70.8 | | | | | | | | | | | | | | | | | Reach Media Segment | | | 14.4 | | | | - | | | | 14.4 | | | | | | | | | | | | | | | | | Internet Segment | | | 21.8 | | | | - | | | | 21.8 | | | | | | | | | | | | | | | | | Cable Television Segment | | | 165.0 | | | | - | | | | 165.0 | | | | | | | | | | | | | | | | | Total | | $ | 272.0 | | | $ | - | | | $ | 272.0 | | |
| Schedule of Finite-Lived Intangible Assets [Table Text Block] |
Other intangible assets, excluding goodwill and radio broadcasting licenses, are being amortized on a straight-line basis over various periods. Other intangible assets consist of the following: | | | As of December 31, | | | | | | | 2012 | | | 2011 | | | Period of Amortization | | | | (In thousands) | | | | | | | | | | | | | | | Trade names | | $ | 17,133 | | | $ | 17,133 | | | 2-5 Years | | Talent agreement | | | 19,549 | | | | 19,549 | | | 10 Years | | Debt financing and modification costs | | | 18,674 | | | | 16,115 | | | Term of debt | | Intellectual property | | | 14,151 | | | | 14,151 | | | 4-10 Years | | Affiliate agreements | | | 186,755 | | | | 186,755 | | | 1-10 Years | | Acquired income leases | | | 1,282 | | | | 1,282 | | | 3-9 Years | | Non-compete agreements | | | 1,260 | | | | 1,260 | | | 1-3 Years | | Advertiser agreements | | | 47,688 | | | | 47,688 | | | 2-7 Years | | Favorable office and transmitter leases | | | 3,358 | | | | 3,358 | | | 2-60 Years | | Brand names | | | 2,539 | | | | 2,539 | | | 2.5 Years | | Brand names - unamortized | | | 39,688 | | | | 39,688 | | | | | Other intangibles | | | 3,662 | | | | 3,662 | | | 1-5 Years | | | | | 355,739 | | | | 353,180 | | | | | Less: Accumulated amortization | | | (121,738 | ) | | | (90,200 | ) | | | | Other intangible assets, net | | $ | 234,001 | | | $ | 262,980 | | | | |
| Schedule of Expected Amortization Expense [Table Text Block] |
The following table presents the Company’s estimate of amortization expense for the years 2013 through 2017 for intangible assets, excluding deferred financing costs: | | | (In thousands) | | | | | | | | 2013 | | $ | 27,912 | | | 2014 | | $ | 27,314 | | | 2015 | | $ | 26,043 | | | 2016 | | $ | 25,886 | | | 2017 | | $ | 25,880 | | |