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GOODWILL AND RADIO BROADCASTING LICENSES (Tables)
9 Months Ended
Sep. 30, 2016
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 interim impairment assessments for the quarters ended September 30, 2016 and 2015.
 
Radio Broadcasting
 
September 30,
 
 
September 30,
 
Licenses
 
2016 (a)
 
 
2015 (a)
 
 
 
 
 
 
 
 
 
 
Pre-tax impairment charge (in millions)
 
$
 
 
$
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
 
9.0
%
 
 
9.5
%
Year 1 Market Revenue Growth Rate Range
 
 
0.3% – 0.5
%
 
 
0.3% – 0.5
%
Long-term Market Revenue Growth Rate Range (Years 6 – 10)
 
 
0.5% – 1.0
%
 
 
1.0 % – 1.5
%
Mature Market Share Range
 
 
8.9% – 14.2
%
 
 
9.8% – 14.3
%
Operating Profit Margin Range
 
 
31.3% – 34.1
%
 
 
31.7
%
 
(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 interim impairment assessments for the quarters ended September 30, 2016 and 2015.
 
Goodwill (Radio Market
 
September 30,
 
 
September 30,
 
Reporting Units)
 
2016 (a)
 
 
2015 (a)
 
 
 
 
 
 
 
 
 
 
Pre-tax impairment charge (in millions)
 
$
 
 
$
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
 
9.0
%
 
 
9.5
%
Year 1 Market Revenue Growth Rate Range
 
 
0.6
%
 
 
0.4% – 0.7
%
Long-term Market Revenue Growth Rate Range (Years 6 – 10)
 
 
1.0
%
 
 
1.0% – 2.0
%
Mature Market Share Range
 
 
9.5
%
 
 
7.4% – 14.8
%
Operating Profit Margin Range
 
 
18.2% – 33.9
%
 
 
26.4% – 38.7
%
 
(a)
Reflects changes only to the key assumptions used in the interim testing for certain units of accounting.
Schedule Of Goodwill Impairment Test Goodwill Internet Segment [Table Text Block]
There were no impairment indicators during the three or nine months ended September 30, 2016.
 
 
 
September 30,
 
Internet Segment Goodwill
 
2015
 
 
 
 
 
 
Pre-tax impairment charge (in millions)
 
$
14.5
 
 
 
 
 
 
Discount Rate
 
 
14.0
%
Year 1 Revenue Growth Rate
 
 
9.6
%
Long-term Revenue Growth Rate (Year 10)
 
 
2.5
%
Operating Profit Margin Range
 
 
4.5% – 23.9
%
Schedule Of Changes In Carrying Amount Of Goodwill [Table Text Block]
The table below presents the changes in the Company’s goodwill carrying values for its four reportable segments:
 
 
 
Radio
Broadcasting
Segment
 
Reach
Media
Segment
 
Internet
Segment
 
Cable
Television
Segment
 
Total
 
 
 
(In thousands)
 
Gross goodwill
 
$
154,863
 
$
30,468
 
$
23,004
 
$
165,044
 
$
373,379
 
Accumulated impairment losses
 
 
(84,436)
 
 
(16,114)
 
 
(14,545)
 
 
 
 
(115,095)
 
Net goodwill at December 31, 2015 and September 30, 2016
 
$
70,427
 
$
14,354
 
$
8,459
 
$
165,044
 
$
258,284