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GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS: (Tables)
12 Months Ended
Dec. 31, 2014
Goodwill and Radio Broadcasting Licenses [Abstract]  
Schedule Of Radio Broadcasting Licenses Impairment [Table Text Block]
Below are some of the key assumptions used in the income approach model for estimating the broadcasting license and goodwill fair values for the annual impairment testing performed since October 2012.
   
Radio Broadcasting
 
October 1,
 
October 1,
 
October 1,
 
Licenses
 
2014
 
2013
 
2012
 
 
 
 
 
 
 
 
 
 
 
 
Impairment charge (in millions)
 
$
 
$
 
$
 
 
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
 
9.5
%
 
10.0
%
 
10.0
%
Year 1 Market Revenue Growth Rate Range
 
 
0.3% – 1.0
%
 
0.0% – 2.0
%
 
1.0% -2.0
%
Long-term Market Revenue Growth Rate Range (Years 6 – 10)
 
 
1.0% – 2.0
%
 
1.0% – 2.0
%
 
1.0% -2.0
%
Mature Market Share Range
 
 
6.9% – 25.2
%
 
6.4% – 26.9
%
 
0.7% - 27.4
%
Operating Profit Margin Range
 
 
30.0% – 48.4
%
 
30.8% – 47.8
%
 
19.6% - 47.7
%
Schedule of Indefinite-Lived Intangible Assets [Table Text Block]
 
 
Radio Broadcasting Licenses
 
 
 
Carrying Balances
 
 
 
As of
 
 
 
As of
 
 
 
December
 
 
 
December
 
Unit of Accounting
 
31, 2013
 
Additions
 
31, 2014
 
 
 
(In thousands )
 
 
 
 
 
 
 
 
 
Unit of Accounting 2
 
$
3,086
 
$
 
$
3,086
 
Unit of Accounting 4
 
 
9,169
 
 
6,973
 
 
16,142
 
Unit of Accounting 5
 
 
16,687
 
 
 
 
16,687
 
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
 
 
22,642
 
 
 
 
22,642
 
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
 
 
50,179
 
 
 
 
50,179
 
Unit of Accounting 1
 
 
93,394
 
 
 
 
93,394
 
Unit of Accounting 10
 
 
179,541
 
 
 
 
179,541
 
Total
 
$
659,824
 
$
6,973
 
$
666,797
 
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 annual impairment assessments performed since October 2012.
  
Goodwill (Radio Market
 
October 1,
 
October 1,
 
October 1,
 
Reporting Units)
 
2014 (a)
 
2013 (a)
 
2012 (a)
 
 
 
 
 
 
 
 
 
 
 
 
Impairment charge (in millions)
 
$
 
$
 
$
14.5
 
 
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
 
9.5
%
 
10.0
%
 
10.0
%
Year 1 Market Revenue Growth Rate Range
 
 
0.3% – 1.0
%
 
0.0% -2.0
%
 
1.0% -2.0
%
Long-term Market Revenue Growth Rate Range (Years 6 – 10)
 
 
1.0% - 2.0
%
 
1.0% - 2.0
%
 
1.5% - 2.0
%
Mature Market Share Range
 
 
7.2% - 19.5
%
 
7.1% - 19.8
%
 
6.7% - 20.8
%
Operating Profit Margin Range
 
 
26.4% - 52.2
%
 
28.4% - 56.4
%
 
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
 
October
 
October
 
 
 
1,
 
1,
 
1,
 
Reach Media Segment Goodwill
 
2014
 
2013
 
2012
 
 
 
 
 
 
 
 
 
 
 
 
Impairment charge (in millions)
 
$
-
 
$
-
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
 
12.0
%
 
13.0
%
 
12.0
%
Year 1 Revenue Growth Rate
 
 
1.5
%
 
1.5
%
 
2.0
%
Long-term Revenue Growth Rate Range
 
 
0.1% - 2.0
%
 
(4.5)% - 2.6
%
 
(4.7)% - 2.8
%
Operating Profit Margin Range
 
 
10.0% – 14.9
%
 
11.5% - 21.5
%
 
4.6% - 19.8
%
Schedule Of Goodwill Impairment Test Goodwill Internet Segment [Table Text Block]
 
 
October 1,
 
October 1,
 
October 1,
 
Internet Segment Goodwill
 
2014
 
2013
 
2012
 
 
 
 
 
 
 
 
 
 
 
Impairment charge (in millions)
 
$
-
 
$
-
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
 
13.5
%
 
14.5
%
 
13.5
%
Year 1 Revenue Growth Rate
 
 
11.8
%
 
10.0
%
 
13.8
%
Long-term Revenue Growth Rate (Year 10)
 
 
2.5
%
 
2.5
%
 
2.5
%
Operating Profit Margin Range
 
 
9.1% - 25.6
%
 
5.4% - 24.8
%
 
(4.8)% - 24.2
%
Schedule Of Goodwill Impairment Test Cable Television Goodwill [Table Text Block]
 
 
October 1,
 
October 1,
 
October 1,
 
Cable Television Segment Goodwill
 
2014
 
2013
 
2012
 
 
 
 
 
 
 
 
 
 
 
Impairment charge (in millions)
 
$
 
$
 
$
 
 
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
 
10.4
%
 
10.8
%
 
10.8
%
Year 1 Revenue Growth Rate
 
 
11.5
%
 
12.1
%
 
11.2
%
 
 
 
 
 
 
 
 
 
 
 
Long-term Revenue Growth Rate Range
 
 
0.3% – 7.7
%
 
1.1% - 12.1
%
 
2.5% - 12.2
%
 
 
 
 
 
 
 
 
 
 
 
Operating Profit Margin Range
 
 
29.8% - 36.1
%
 
30.6% - 35.7
%
 
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.
 
 
 
Goodwill Carrying Balances
 
 
 
As of
 
 
 
As of
 
 
 
December
 
Increase
 
December
 
Reporting Unit
 
31, 2013
 
(Decrease)
 
31, 2014
 
 
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
Radio Broadcasting Segment
 
$
70,823
 
$
2,712
 
$
73,535
 
 
 
 
 
 
 
 
 
 
 
 
Reach Media Segment
 
 
14,354
 
 
 
 
14,354
 
 
 
 
 
 
 
 
 
 
 
 
Internet Segment
 
 
21,816
 
 
606
 
 
22,422
 
 
 
 
 
 
 
 
 
 
 
 
Cable Television Segment
 
 
165,044
 
 
 
 
165,044
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
272,037
 
$
3,318
 
$
275,355
 
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,
 
 
 
 
2014
 
2013
 
Period of Amortization
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
Trade names
 
$
17,344
 
$
17,133
 
 
2-5 Years
 
Talent agreement
 
 
 
 
19,549
 
 
10 Years
 
Debt financing and modification costs
 
 
13,846
 
 
19,021
 
 
Term of debt
 
Intellectual property
 
 
9,531
 
 
14,151
 
 
4-10 Years
 
Affiliate agreements
 
 
178,986
 
 
186,755
 
 
1-10 Years
 
Acquired income leases
 
 
44
 
 
1,282
 
 
3-9 Years
 
Non-compete agreements
 
 
 
 
1,260
 
 
1-3 Years
 
Advertiser agreements
 
 
44,871
 
 
47,688
 
 
2-7 Years
 
Favorable office and transmitter leases
 
 
2,097
 
 
3,358
 
 
2-60 Years
 
Brand names
 
 
2,539
 
 
2,539
 
 
2.5 Years
 
Brand names - unamortized
 
 
40,134
 
 
39,688
 
 
Indefinite
 
Other intangibles
 
 
1,053
 
 
3,662
 
 
1-5 Years
 
 
 
 
310,445
 
 
356,086
 
 
 
 
Less: Accumulated amortization
 
 
(135,933)
 
 
(153,493)
 
 
 
 
Other intangible assets, net
 
$
174,512
 
$
202,593
 
 
 
 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
The following table presents the Company’s estimate of amortization expense for the years 2015 through 2019 for intangible assets, excluding deferred financing costs:
 
 
 
(In thousands)
 
 
 
 
 
2015
 
$
26,053
 
2016
 
$
25,895
 
2017
 
$
25,891
 
2018
 
$
25,854
 
2019
 
$
25,848