SUBSEQUENT EVENTS (Block)

12 Months Ended

Dec. 31, 2016

Subsequent Events Abstract

Schedule Of Subsequent Events Text Block

22. SUBSEQUENT EVENTS

Events occurring after December 31, 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 January 6, 2017, the Company acquired four radio stations from Beasley as further described in Note 20.

On February 2, 2017, the Company entered into the Merger as more fully described in Note 1.

In connection with an FCC administrative hearing that is described under Note 20, the Company returned a license to the FCC to facilitate certain regulatory approvals that are needed for the Merger.