XML 39 R18.htm IDEA: XBRL DOCUMENT v3.2.0.727
INTANGIBLE ASSETS AND GOODWILL (Tables)
6 Months Ended
Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of the changes in broadcasting license
Broadcasting Licenses
Carrying Amount
June 30,June 30,
20152014
(amounts in thousands)
Beginning of period balance as of January 1,$718,992$718,542
Acquisitions100450
Ending period balance$719,092$718,992
Schedule of assumptions and estimates for broadcasting licences impairment testing
Estimates And Assumptions
SecondSecond
QuarterQuarter
20152014
Discount rate9.7%9.6%
Operating profit margin ranges expected
for average stations in the markets
where the Company operates25% to 40%25% to 40%
Long-term revenue growth rate range
of the Company's markets 1.5% to 2.0%1.5% to 2.0%
Schedule of changes in goodwill
Goodwill Carrying Amount
June 30,June 30,
20152014
(amounts in thousands)
Goodwill balance before cumulative loss
on impairment as of January 1,$164,465$164,465
Accumulated loss on impairment as of January 1,(125,615)(125,615)
Goodwill beginning balance after cumulative loss
on impairment as of January 1,38,85038,850
Ending period balance$38,850$38,850
Schedule of assumptions and estimates for goodwill impairment testing
Estimates And Assumptions
SecondSecond
QuarterQuarter
20152014
Discount rate9.7%9.6%
Long-term revenue growth rate range
of the Company's markets 1.5% to 2.0%1.5% to 2.0%
Market multiple used in the market
valuation approach7.5x to 8.0x7.5x to 8.0x