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INTANGIBLE ASSETS AND GOODWILL (Tables)
12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of the changes in broadcasting license
Broadcasting Licenses
Carrying Amount
December 31,December 31,
20142013
(amounts in thousands)
Beginning of period balance as of January 1,$718,542$718,656
Acquisitions450-
Dispositions-(114)
Ending period balance$718,992$718,542
Schedule of assumptions and estimates for broadcasting licences impairment testing
Estimates And Assumptions
SecondSecondSecondSecond
QuarterQuarterQuarterQuarter
2014201320122011
Discount rate9.6%9.8%10.0%10.0%
Operating profit margin ranges expected
for average stations in the markets
where the Company operates24.9% to 40.8%25.0% to 41.0%20.7% to 40.9%19.5% to 41.5%
Long-term revenue growth rate range
of the Company's markets 1.5% to 2.0%1.5% to 2.0%1.5% to 2.0%1.5% to 2.0%
Schedule of changes in goodwill
Goodwill Carrying Amount
December 31,December 31,
20142013
(amounts in thousands)
Goodwill balance before cumulative loss
on impairment as of January 1,$164,465$164,718
Accumulated loss on impairment as of January 1,(125,615)(125,615)
Goodwill beginning balance after cumulative loss
on impairment as of January 1,38,85039,103
Dispositions-(253)
Ending period balance$38,850$38,850
Schedule of assumptions and estimates for goodwill impairment testing
Estimates And Assumptions
SecondSecondSecondSecond
QuarterQuarterQuarterQuarter
2014201320122011
Discount rate9.6%9.8%10.0%10.0%
Long-term revenue growth rate range
of the Company's markets 1.5% to 2.0%1.5% to 2.0%1.5% to 2.0%1.5% to 2.0%
Market multiple used in the market
valuation approach7.5x to 8.0x7.5x to 8.0x7.5x to 8.0x7.5x to 8.0x