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INTANGIBLE ASSETS AND GOODWILL (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of the changes in broadcasting license
Broadcasting Licenses
Carrying Amount
December 31,December 31,
20162015
(amounts in thousands)
Beginning of period balance as of January 1,$807,381$718,992
Consolidation of a VIE15,738-
Acquisition of radio stations-79,209
Acquisition of a radio station through an exchange of assets-53,057
Acquisitions - other112100
Assets held for sale-(1,397)
Disposition of radio stations previously reflected as held for sale(36)(32,979)
Disposition of a radio station previously reflected as deconsolidated subsidiary-(9,601)
Ending period balance$823,195$807,381
Schedule of assumptions and estimates for broadcasting licences impairment testing
Estimates And Assumptions
SecondSecondSecondSecond
QuarterQuarterQuarterQuarter
2016201520142013
Discount rate9.5%9.7%9.6%9.8%
Operating profit margin ranges expected
for average stations in the markets
where the Company operates14% to 40%25% to 40%25% to 40%25% to 41%
Long-term revenue growth rate range
of the Company's markets 1.0% 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,
20162015
(amounts in thousands)
Goodwill balance before cumulative loss
on impairment as of January 1,$158,244$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 1,32,62938,850
Loss on impairment during year--
Acquisition of radio stations-5,866
Acquisition of radio stations through an exchange-266
Adjustment to acquired goodwill associated with an assumed fair value liability92(1,364)
Disposition of radio stations previously reflected as assets held for sale(3)(10,230)
Disposition of a radio station previously reflected as a deconsolidated subsidiary-(759)
Ending period balance$32,718$32,629
Schedule of assumptions and estimates for goodwill impairment testing
Estimates And Assumptions
SecondSecondSecondSecond
QuarterQuarterQuarterQuarter
2016201520142013
Discount rate9.5%9.7%9.6%9.8%
Long-term revenue growth rate range
of the Company's markets 1.0% 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