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GOODWILL AND RADIO BROADCASTING LICENSES (Tables)
3 Months Ended
Mar. 31, 2015
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 broadcasting licenses fair values for the annual impairment assessment as of October 1, 2014, and interim impairment assessment for the quarter ended March 31, 2014
 
Radio Broadcasting
 
October 1,
 
 
March 31,
 
Licenses
 
2014
 
 
2014 (a)
 
 
 
 
 
 
 
 
 
 
Pre-tax impairment charge (in millions)
 
$
 
 
$
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
 
9.5
%
 
 
10.0
%
Year 1 Market Revenue Growth Rate Range
 
 
0.3% – 1.0
%
 
 
1.0
%
Long-term Market Revenue Growth Rate Range (Years 6 – 10)
 
 
1.0% – 2.0
%
 
 
1.5
%
Mature Market Share Range
 
 
6.9% – 25.2
%
 
 
8.6
%
Operating Profit Margin Range
 
 
30.0% – 48.4
%
 
 
33.6
%
 
 (a)
Reflects changes only to the key assumptions used in the interim testing for certain units of accounting.
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 the annual impairment assessment as of October 1, 2014, and interim impairment assessment for the quarter ended March 31, 2014.
 
Goodwill (Radio Market
 
October 31,
 
 
March 31,
 
Reporting Units)
 
2014 (a)
 
 
2014 (b)
 
 
 
 
 
 
 
 
 
 
Pre-tax impairment charge (in millions)
 
$
 
 
$
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
 
9.5
%
 
 
10.0
%
Year 1 Market Revenue Growth Rate Range
 
 
0.3% – 1.0
%
 
 
2.0
%
Long-term Market Revenue Growth Rate Range (Years 6 – 10)
 
 
1.0% - 2.0
%
 
 
1.5
%
Mature Market Share Range
 
 
7.2% - 19.5
%
 
 
7.9
%
Operating Profit Margin Range
 
 
26.4% - 52.2
%
 
 
28.4
%
 
(a)
Reflects the key assumptions for testing only those radio markets with remaining goodwill.
(b)
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 [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
 
Reporting Unit
 
December 
31, 2014
 
Increase 
(Decrease)
 
March 
31, 2015
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
Radio Broadcasting Segment
 
$
73,535
 
$
 
$
73,535
 
 
 
 
 
 
 
 
 
 
 
 
Reach Media Segment
 
 
14,354
 
 
 
 
14,354
 
 
 
 
 
 
 
 
 
 
 
 
Internet Segment
 
 
22,422
 
 
582
 
 
23,004
 
 
 
 
 
 
 
 
 
 
 
 
Cable Television Segment
 
 
165,044
 
 
 
 
165,044
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
275,355
 
$
582
 
$
275,937