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INTANGIBLE ASSETS AND GOODWILL (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of the changes in broadcasting license
Broadcasting Licenses
Carrying Amount
December 31,December 31,
20152014
(amounts in thousands)
Beginning of period balance as of January 1,$718,992$718,542
Acquisition of radio stations79,209-
Acquisition of a radio station through an exchange53,057-
Acquisitions - other100450
Assets held for sale(1,397)-
Disposition of radio stations previously reflected as held for sale(32,979)-
Disposition of a radio station previously reflected as deconsolidated subsidiary(9,601)-
Ending period balance$807,381$718,992
Schedule of assumptions and estimates for broadcasting licences impairment testing
Estimates And Assumptions
SecondSecondSecondSecond
QuarterQuarterQuarterQuarter
2015201420132012
Discount rate9.7%9.6%9.8%10.0%
Operating profit margin ranges expected
for average stations in the markets
where the Company operates25% to 40%25% to 40%25% to 41%21% to 41%
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,
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
Loss on impairment during year--
Acquisition of radio stations5,866-
Acquisition of radio stations through an exchange266-
Adjustment to acquired goodwill associated with an assumed fair value liability(1,364)-
Disposition of radio stations previously reflected as assets held for sale(10,230)-
Disposition of a radio station previously reflected as a deconsolidated subsidiary(759)-
Ending period balance$32,629$38,850
Schedule of assumptions and estimates for goodwill impairment testing
Estimates And Assumptions
SecondSecondSecondSecond
QuarterQuarterQuarterQuarter
2015201420132012
Discount rate9.7%9.6%9.8%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