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GOODWILL, RADIO BROADCASTING LICENSES AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2018
Goodwill and Radio Broadcasting Licenses [Abstract]  
Schedule Of Radio Broadcasting Licenses Impairment [Table Text Block]
Radio Broadcasting
 
October 1,
 
 
March 31,
 
 
October 1,
 
 
September 30,
 
 
June 30,
 
Licenses
 
2018
 
 
2018(
*
)
 
 
2017
 
 
2017(a)
 
 
2017(a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impairment charge (in millions)
 
$
 
$
 
3.9
 
$
 
 
$
 
16.4
 
$
 
12.7
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
 
9.0
%
 
 
*
 
 
 
9.0
%
 
 
9.0
%
 
 
9.0
%
Year 1 Market Revenue Growth Rate Range
 
 
(1.2)% –
(0.6
)%
 
 
*
 
 
 
(5.0)% – 1.4
%
 
 
(5.0)% – 2.0
%
 
 
1.0% – 2.0
%
Long-term Market Revenue Growth Rate Range (Years 6 – 10)
 
 
0.7% – 1.1
%
 
 
*
 
 
 
0.5% – 1.5
%
 
 
0.5% – 1.5
%
 
 
0.5% – 1.5
%
Mature Market Share Range
 
 
5.3% – 25.0
%
 
 
*
 
 
 
6.8% – 25.4
%
 
 
6.9% – 25.8
%
 
 
6.9% – 15.3
%
Mature Operating Profit Margin Range
 
 
28.3% – 41.1
%
 
 
*
 
 
 
30.9% – 46.9
%
 
 
31.0% – 47.0
%
 
 
31.6% – 47.0
%
 
(a)
Reflects changes only to the key assumptions used in the interim testing for certain units of accounting.
(*)License fair value based on estimated asset sale consideration.
Schedule of Indefinite-Lived Intangible Assets [Table Text Block]
The Company’s total broadcasting licenses carrying value is approximately $600.1 million as of December 31, 2018. 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, 2017
 
 
Increase

(Decrease)
 
 
December

31, 2018
 
 
 
(In thousands )
 
Unit of Accounting 2
 
$
3,086
 
 
$
 
 
$
3,086
 
Unit of Accounting 7
 
 
14,748
 
 
 
 
 
 
14,748
 
Unit of Accounting 5
 
 
16,100
 
 
 
 
 
 
16,100
 
Unit of Accounting 4
 
 
16,142
 
 
 
 
 
 
16,142
 
Unit of Accounting 9
 
 
32,875
 
 
 
(16,438
)
 
 
16,437
 
Unit of Accounting 15
 
 
20,736
 
 
 
 
 
 
20,736
 
Unit of Accounting 14
 
 
20,770
 
 
 
 
 
 
20,770
 
Unit of Accounting 11
 
 
21,135
 
 
 
 
 
 
21,135
 
Unit of Accounting 6
 
 
22,642
 
 
 
 
 
 
22,642
 
Unit of Accounting 13
 
 
47,846
 
 
 
 
 
 
47,846
 
Unit of Accounting 12
 
 
49,663
 
 
 
 
 
 
49,663
 
Unit of Accounting 16
 
 
54,258
 
 
 
2,037
 
 
 
56,295
 
Unit of Accounting 8
 
 
62,015
 
 
 
 
 
 
62,015
 
Unit of Accounting 1
 
 
93,394
 
 
 
 
 
 
93,394
 
Unit of Accounting 10
 
 
139,125
 
 
 
 
 
 
139,125
 
Total
 
$
614,535
 
 
$
(14,401
)*
 
$
600,134
 
 
* The amount listed is net of additions, dispositions and impairment charges.
Schedule Of GoodWill Impairment Test Radio Marketing Unit [Table Text Block]
Goodwill (Radio Market
 
October 1,
 
 
March 31,
 
 
October 1,
 
Reporting Units)
 
2018(a)
 
 
2018
 
(*)
 
 
2017(a)
 
 
 
 
 
 
 
 
 
 
 
Impairment charge (in millions)
 
$
14.7
 
 
$
2.7
 
 
$
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
 
9.0
%
 
 
 *
 
 
 
9.0
%
Year 1 Market Revenue Growth Rate Range
 
 
(8.0)
% –
27.5
%
 
 
 *
 
 
 
(8.4)% – 46.6
%
Long-term Market Revenue Growth Rate Range (Years 6 – 10)
 
 
0.7% – 1.1
%
 
 
 *
 
 
 
0.5% – 1.5
%
Mature Market Share Range
 
 
7.6% - 17.8
%
 
 
 *
 
 
 
8.0% - 18.2
%
Mature Operating Profit Margin Range
 
 
26.8% - 46.9
%
 
 
 *
 
 
 
25.1% - 50.1
%
 
(a)
Reflects the key assumptions for testing only those radio markets with remaining goodwill.
(*)Goodwill fair value based on estimated asset sale consideration.
Schedule Of Goodwill Impairment Test Reach Media Goodwill [Table Text Block]
 
 
October 1,
 
 
October 1,
 
Reach Media Segment Goodwill
 
2018
 
 
2017
 
 
 
 
 
 
 
 
Impairment charge (in millions)
 
$
 
 
$
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
 
10.5
%
 
 
10.5
%
Year 1 Revenue Growth Rate
 
 
2.3
%
 
 
(11.3
)%
Long-term Revenue Growth Rate (Year 5)
 
 
1.0
%
 
 
1.0
%
Operating Profit Margin Range
 
 
14.6% - 15.8
%
 
 
13.5% - 15.9
%
Schedule Of Goodwill Impairment Test Goodwill Digital Segment [Table Text Block]
 
 
October 1,
 
 
October 1,
 
Digital Segment Goodwill
 
2018
 
 
2017
 
 
 
 
 
 
 
 
Impairment charge (in millions)
 
$
 
 
$
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
 
13.5
%
 
 
13.0
%
Year 1 Revenue Growth Rate
 
 
12.6
%
 
 
24.1
%
Long-term Revenue Growth Rate (Years 6 – 10)
 
 
3.1
% - 
3.7
%
 
 
2.4% - 4.3
%
Operating Profit Margin Range
 
 
(1.1)% - 15.7
%
 
 
(1.5)% - 17.0
%
Schedule Of Goodwill Impairment Test Cable Television Goodwill [Table Text Block]
 
 
October 1,
 
 
October 1,
 
Cable Television Segment Goodwill
 
2018
 
 
2017
 
 
 
 
 
 
 
 
Impairment charge (in millions)
 
$
 
 
$
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
 
11.0
%
 
 
11.0
%
Year 1 Revenue Growth Rate
 
 
1.8
%
 
 
4.8
%
Long-term Revenue Growth Rate Range (Years 6 – 10)
 
 
2.0
% - 
3.0
%
 
 
2.3% - 2.7
%
Operating Profit Margin Range
 
 
36.9% - 42.5
%
 
 
42.2% - 45.9
%
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 2018 and 2017:  
 
 
 
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
 
 
47
 
 
 
 
 
 
4,563
 
 
 
 
 
 
4,610
 
Impairments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net goodwill at December 31, 2017
 
$
70,474
 
 
$
14,354
 
 
$
13,022
 
 
$
165,044
 
 
$
262,894
 
Gross goodwill
 
$
154,910
 
 
$
30,468
 
 
$
27,567
 
 
$
165,044
 
 
$
377,989
 
Accumulated impairment losses
 
 
(84,436
)
 
 
(16,114
)
 
 
(14,545
)
 
 
 
 
 
(115,095
)
Additions
 
 
90
 
 
 
 
 
 
 
 
 
 
 
 
90
 
Impairments
 
 
(17,412
)
 
 
 
 
 
 
 
 
 
 
 
(17,412
)
Net goodwill at December 31, 2018
 
$
53,152
 
 
$
14,354
 
 
$
13,022
 
 
$
165,044
 
 
$
245,572
 
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
 
 
 
2018
 
 
2017
 
 
Amortization
 
Amortization
 
 
 
(In thousands)
 
 
 
 
 
 
Trade names
 
$
17,391
 
 
$
17,378
 
 
1-5 Years
 
 
2.2
Years
 
Intellectual property
 
 
9,531
 
 
 
9,531
 
 
4-10 Years
 
 
0.0
Years
 
Affiliate agreements
 
 
178,986
 
 
 
178,986
 
 
8 Years
 
 
0.3
Years
 
Acquired income leases
 
 
127
 
 
 
127
 
 
3-15 Years
 
 
12.1
Years
 
Advertiser agreements
 
 
46,789
 
 
 
46,583
 
 
1-12 Years
 
 
4.1
Years
 
Favorable office and transmitter leases
 
 
2,097
 
 
 
2,097
 
 
2-60 Years
 
 
38.8
Years
 
Brand names
 
 
4,413
 
 
 
4,013
 
 
10 Years
 
 
7.9
Years
 
Brand names - unamortized
 
 
39,690
 
 
 
39,690
 
 
Indefinite
 
 
 
ABL facility debt costs
 
 
421
 
 
 
421
 
 
Debt term
 
 
2.2
Years
 
Launch assets
 
 
6,284
 
 
 
3,632
 
 
Contract length
 
 
6.1
Years
 
Other intangibles
 
 
675
 
 
 
675
 
 
1-5 Years
 
 
2.3
Years
 
 
 
 
306,404
 
 
 
303,133
 
 
 
 
 
 
 
Less: Accumulated amortization
 
 
(236,313
)
 
 
(209,078
)
 
 
 
 
 
 
Other intangible assets, net
 
$
70,091
 
 
$
94,055
 
 
 
 
 
5.3
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
2019
through
2023
for intangible assets:
 
 
 
(In thousands)
 
2019
 
$
11,575
 
2020
 
$
4,588
 
2021
 
$
4,349
 
2022
 
$
4,332
 
2023
 
$
1,449