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GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS: (Tables)
12 Months Ended
Dec. 31, 2012
Goodwill and Radio Broadcasting Licenses [Abstract]  
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