SUBSEQUENT EVENTS (Block)

9 Months Ended

Sep. 30, 2016

Subsequent Events Abstract

Schedule Of Subsequent Events Text Block

13. SUBSEQUENT EVENTS

Events occurring after September 30, 2016 and through the date that these consolidated financial statements were issued were evaluated to ensure that any subsequent events that met the criteria for recognition have been included and are as follows:

On November 1, 2016, the Company completed a debt refinancing as described under Note 4.

On October 27, 2016, the FCC issued an order calling for an administrative hearing to determine if the FCC license for one of the Company’s stations should be renewed. Refer to Note 12 for further discussion.

On October 17, 2016, the Company entered into an APA with Beasley to acquire four radio stations in Charlotte, North Carolina, a new market for the Company. Refer to Note 12 for further discussion.