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GOODWILL AND RADIO BROADCASTING LICENSES (Tables)
6 Months Ended
Jun. 30, 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 assessments for the quarters ended June 30, 2015 and 2014.
 
Radio Broadcasting
 
June 30,
 
 
October 1,
 
 
June 30,
 
Licenses
 
2015 (a)
 
 
2014
 
 
2014 (a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pre-tax impairment charge (in millions)
 
$
 
 
$
 
 
$
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
 
9.5
%
 
 
9.5
%
 
 
9.5
%
Year 1 Market Revenue Growth Rate Range
 
 
0.3% – 0.9
%
 
 
0.3% – 1.0
%
 
 
1.5% - 2.2
%
Long-term Market Revenue Growth Rate Range (Years 6 – 10)
 
 
1.0% – 2.0
%
 
 
1.0% – 2.0
%
 
 
2.0
%
Mature Market Share Range
 
 
6.9% – 25.2
%
 
 
6.9% – 25.2
%
 
 
6.4% – 26.9
%
Operating Profit Margin Range
 
 
30.9% – 48.5
%
 
 
30.0% – 48.4
%
 
 
34.8% - 47.8
%
 
 (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 assessments for the quarters ended June 30, 2015 and 2014.
 
Goodwill (Radio Market
 
June 30,
 
 
October 1,
 
 
 
June 30,
 
Reporting Units)
 
2015 (a)
 
 
2014
 
 
 
2014 (a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pre-tax impairment charge (in millions)
 
$
 
 
$
 
 
$
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
 
9.5
%
 
 
9.5
%
 
 
9.5
%
Year 1 Market Revenue Growth Rate Range
 
 
0.7
%
 
 
0.3% – 1.0
%
 
 
1.3% - 1.5
%
Long-term Market Revenue Growth Rate Range (Years 6 – 10)
 
 
2.0
%
 
 
1.0% - 2.0
%
 
 
1.5% - 2.0
%
Mature Market Share Range
 
 
7.4
%
 
 
7.2% - 19.5
%
 
 
7.8% - 9.5
%
Operating Profit Margin Range
 
 
37.0
%
 
 
26.4% - 52.2
%
 
 
27.9% - 34.8
%
 
(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 [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
 
June
 
Reporting Unit
 
31, 2014
 
(Decrease)
 
30, 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