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GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill and Radio Broadcasting Licenses [Abstract]  
Schedule Of Radio Broadcasting Licenses Impairment [Table Text Block]
Radio Broadcasting
 
October 1,
 
 
September 30,
 
 
June 30,
 
 
October 1,
 
Licenses
 
2017
 
 
2017 (a)
 
 
2017 (a)
 
 
2016
 
Impairment charge (in millions)
 
$
 
 
$
16.4
 
 
$
12.7
 
 
$
1.3
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
 
9.0
%
 
 
9.0
%
 
 
9.0
%
 
 
9.0
%
Year 1 Market Revenue Growth Rate Range
 
 
(5.0)% – 1.4
%
 
 
(5.0)% – 2.0
%
 
 
1.0% – 2.0
%
 
 
1.0% – 2.4
%
Long-term Market Revenue Growth Rate Range (Years 6 – 10)
 
 
0.5% – 1.5
%
 
 
0.5% – 1.5
%
 
 
0.5% – 1.5
%
 
 
0.5% – 1.5
%
Mature Market Share Range
 
 
6.8% – 25.4
%
 
 
6.9% – 25.8
%
 
 
6.9% – 15.3
%
 
 
6.9% – 25.8
%
Mature Operating Profit Margin Range
 
 
30.9% – 46.9
%
 
 
31.0% – 47.0
%
 
 
31.6% – 47.0
%
 
 
30.5% – 51.8
%
 
 
(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]
The Company’s total broadcasting licenses carrying value is approximately $614.5 million as of December 31, 2017. The units of accounting reflected in the table below are not disclosed on a specific market basis so as to not make sensitive information publicly available that could be competitively harmful to the Company. 
 
 
 
Radio Broadcasting Licenses
Carrying Balances
 
 
 
As of
 
Net
 
As of
 
Unit of Accounting
 
December
31, 2016
 
Increase
(Decrease)
 
December
31, 2017
 
 
 
(In thousands )
 
Unit of Accounting 2
 
$
3,086
 
$
 
$
3,086
 
Unit of Accounting 7
 
 
16,081
 
 
(1,333)
 
 
14,748
 
Unit of Accounting 5
 
 
16,100
 
 
 
 
16,100
 
Unit of Accounting 4
 
 
16,142
 
 
 
 
16,142
 
Unit of Accounting 15
 
 
20,736
 
 
 
 
20,736
 
Unit of Accounting 14
 
 
20,434
 
 
336
 
 
20,770
 
Unit of Accounting 11
 
 
21,135
 
 
 
 
21,135
 
Unit of Accounting 6
 
 
22,642
 
 
 
 
22,642
 
Unit of Accounting 9
 
 
34,270
 
 
(1,395)
 
 
32,875
 
Unit of Accounting 13
 
 
47,846
 
 
 
 
47,846
 
Unit of Accounting 12
 
 
49,663
 
 
 
 
49,663
 
Unit of Accounting 16
 
 
52,965
 
 
1,293
 
 
54,258
 
Unit of Accounting 8
 
 
62,015
 
 
 
 
62,015
 
Unit of Accounting 1
 
 
93,394
 
 
 
 
93,394
 
Unit of Accounting 10
 
 
166,940
 
 
(27,815)
 
 
139,125
 
Total
 
$
643,449
 
$
(28,914)
*
$
614,535
 
 
* The amount listed is net of additions, dispositions and impairment charges.
Schedule Of Good Will Impairment Test Radio Marketing Unit [Table Text Block]
Goodwill (Radio Market
 
October 1,
 
 
October 1,
 
Reporting Units)
 
2017 (a)
 
 
2016 (a)
 
 
 
 
 
 
 
 
 
 
Impairment charge (in millions)
 
$
 
 
$
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
 
9.0
%
 
 
9.0
%
Year 1 Market Revenue Growth Rate Range
 
 
(8.4)% – 46.6
%
 
 
(9.4)% – 29.4
%
Long-term Market Revenue Growth Rate Range (Years 6 – 10)
 
 
0.5% – 1.5
%
 
 
0.5% – 1.5
%
Mature Market Share Range
 
 
8.0% – 18.2
%
 
 
8.1% - 18.4
%
Mature Operating Profit Margin Range
 
 
25.1% – 50.1
%
 
 
26.3% - 53.8
%
 
(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 1,
 
 
October 1,
 
Reach Media Segment Goodwill
 
2017
 
 
2016
 
 
 
 
 
 
 
 
 
 
Impairment charge (in millions)
 
$
 
 
$
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
 
10.5
%
 
 
10.5
%
Year 1 Revenue Growth Rate
 
 
(11.3)
%
 
 
(0.3)
%
Long-term Revenue Growth Rate (Year 5)
 
 
1.0
%
 
 
1.0
%
Operating Profit Margin Range
 
 
13.5% - 15.9
%
 
 
15.1% – 17.5
%
Schedule Of Goodwill Impairment Test Goodwill Digital Segment [Table Text Block]
 
 
October 1,
 
 
October 1,
 
Digital Segment Goodwill
 
2017
 
 
2016
 
 
 
 
 
 
 
 
 
 
Impairment charge (in millions)
 
$
 
 
$
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
 
13.0
%
 
 
12.5
%
Year 1 Revenue Growth Rate
 
 
24.1
%
 
 
9.8
%
Long-term Revenue Growth Rate (Years 6 – 10)
 
 
2.4% - 4.3
%
 
 
3.0% - 8.4
%
Operating Profit Margin Range
 
 
(1.5)% - 17.0
%
 
 
(9.8)% - 20.3
%
Schedule Of Goodwill Impairment Test Cable Television Goodwill [Table Text Block]
 
 
October 1,
 
 
October 1,
 
Cable Television Segment Goodwill
 
2017
 
 
2016
 
 
 
 
 
 
 
 
 
 
Impairment charge (in millions)
 
$
 
 
$
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
 
11.0
%
 
 
11.0
%
Year 1 Revenue Growth Rate
 
 
4.8
%
 
 
7.4
%
Long-term Revenue Growth Rate Range (Years 6 – 10)
 
 
2.3% - 2.7
%
 
 
2.3% - 2.9
%
Operating Profit Margin Range
 
 
42.2% - 45.9
%
 
 
40.2% - 44.3
%
Schedule Of Changes In Carrying Amount Of Goodwill [Table Text Block]
The table below presents the changes in Company’s goodwill carrying values for its four reportable segments during 2017 and 2016:  
 
 
 
Radio
Broadcasting
Segment
 
Reach Media
Segment
 
Digital
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)
 
Additions
 
 
 
 
 
 
 
 
 
 
 
Impairments
 
 
 
 
 
 
 
 
 
 
 
Net goodwill at December 31, 2016
 
$
70,427
 
$
14,354
 
$
8,459
 
$
165,044
 
$
258,284
 
Gross goodwill
 
$
154,863
 
$
30,468
 
$
23,004
 
$
165,044
 
$
373,379
 
Accumulated impairment losses
 
 
(84,436)
 
 
(16,114)
 
 
(14,545)
 
 
 
 
(115,095)
 
Additions
 
 
47
 
 
 
 
4,563
 
 
 
 
4,610
 
Impairments
 
 
 
 
 
 
 
 
 
 
 
Net goodwill at December 31, 2017
 
$
70,474
 
$
14,354
 
$
13,022
 
$
165,044
 
$
262,894
 
Schedule of Finite-Lived Intangible Assets [Table Text Block]
Other intangible assets, excluding goodwill, radio broadcasting licenses and the unamortized brand name, are being amortized on a straight-line basis over various periods. Other intangible assets consist of the following:  
 
 
 
 
 
 
 
 
 
 
 
 
Remaining
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-
 
 
 
 
 
 
 
 
 
 
 
 
Average
 
 
 
As of December 31,
 
 
Period of
 
Period of
 
 
 
2017
 
2016
 
 
Amortization
 
Amortization
 
 
 
(In thousands)
 
 
 
 
 
 
 
Trade names
 
$
17,378
 
$
17,344
 
 
2-5 Years
 
 
3.0 Years
 
Intellectual property
 
 
9,531
 
 
9,531
 
 
4-10 Years
 
 
0.0 Years
 
Affiliate agreements
 
 
178,986
 
 
178,986
 
 
8 Years
 
 
1.3 Years
 
Acquired income leases
 
 
127
 
 
127
 
 
3-15 Years
 
 
12.1 Years
 
Advertiser agreements
 
 
46,583
 
 
44,871
 
 
2-12 Years
 
 
5.1 Years
 
Favorable office and transmitter leases
 
 
2,097
 
 
2,097
 
 
2-60 Years
 
 
40.0 Years
 
Brand names
 
 
4,013
 
 
2,853
 
 
10 Years
 
 
7.7 Years
 
Brand names - unamortized
 
 
39,690
 
 
39,690
 
 
Indefinite
 
 
 
ABL facility debt costs
 
 
421
 
 
421
 
 
Debt term
 
 
3.3 Years
 
Launch assets
 
 
3,632
 
 
1,784
 
 
Contract length
 
 
7.1 Years
 
Other intangibles
 
 
675
 
 
609
 
 
1-5 Years
 
 
3.1 Years
 
 
 
 
303,133
 
 
298,313
 
 
 
 
 
 
 
Less: Accumulated amortization
 
 
(209,078)
 
 
(181,713)
 
 
 
 
 
 
 
Other intangible assets, net
 
$
94,055
 
$
116,600
 
 
 
 
 
4.8 Years
 
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 2018 through 2022 for intangible assets:
 
 
 
(In thousands)
 
2018
 
$
26,641
 
2019
 
$
10,722
 
2020
 
$
3,856
 
2021
 
$
3,620
 
2022
 
$
3,605