ACQUISITIONS, DIVESTITURES AND PRO FORMA SUMMARY (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of merger and acquisition costs

	Years Ended
	December 31,
	2017		2016		2015
	(amounts in thousands)

Costs to exit duplicative contracts	$	500	$	-	$	646
Workforce reduction		10,441		-		1,538
Lease abandonment costs		2,874		-		687
Other restructuring costs		147		-		-
Changes in estimates		-		-		(13)
Total restructuring charges	$	13,962	$	-	$	2,858
Transition services costs	$	2,960	$	-	$	-
Total restructuring charges and transition services	$	16,922	$	-	$	2,858
Merger and acquisition costs	$	41,313	$	708		3,978
Merger & acquisition costs, restructuring charges and transition services	$	58,235	$	708	$	6,836

Schedule of unaudited pro forma summary of financial information

	Years Ended December 31,
	2017			2016	2015
	(amounts in thousands, except per share data)
	Pro Forma		Pro Forma		Pro Forma

Net revenues	$	1,580,934	$	1,656,123	$	442,485
Income (loss) from continuing operations	$	422,901	$	(587,393)	$	33,050
Income (loss) from discontinued operations	$	836	$	-	$	-
Net income (loss) available to the Company	$	423,737	$	(587,393)	$	33,050
Net income (loss) available to common shareholders	$	421,722	$	(589,294)	$	30,850
Income (loss) from continuing operations
per common share - basic	$	3.01	$	(4.20)	$	0.81
Income (loss) from discontinued operations
per common share - basic	$	0.01	$	-	$	-
Net income (loss) available to common shareholders
per common share - basic	$	3.01	$	(4.21)	$	0.81
Income (loss) from continuing operations
per common share - diluted	$	3.02	$	(4.20)	$	0.79
Income (loss) from discontinued operations
per common share - diluted	$	0.01	$	-	$	-
Net income (loss) available to common shareholders
per common share - diluted	$	3.01	$	(4.21)	$	0.79

Weighted shares outstanding basic		140,298		139,908		38,084
Weighted shares outstanding diluted		141,790		139,908		39,038
Conversion of preferred stock for dilutive purposes
under the as if method	dilutive		anti-dilutive		anti-dilutive

Schedule of the future amortization of unfavoarble leases from acquisition

	As Of
	December 31,
	2017
	(amounts in
	thousands)
Years ending December 31,
2018	$	7,648
2019		7,323
2020		6,918
2021		6,618
2022		5,742
Thereafter		7,068
	$	41,317

	As of
	December 31,
	2017
	(amounts in
	thousands)
Years ending December 31,
2018	$	295
2019		167
2020		147
2021		91
2022		80
Thereafter		346
	$	1,126

Schedule of Restrucutring Reserve by Type

	Years ended December 31,
	Years ended December 31,
	2017		2016
	(amounts in thousands)

Restructuring charges and lease abandonment costs, beginning balance	$	650	$	1,686
Additions resulting from the integration of CBS Radio		15,005		-
Restructuring charges assumed from the Merger		1,095		-
Reduction		(664)		(1,036)
Restructuring charges and lease abandonment costs unpaid and outstanding		16,086		650
Less restructuring charges and lease abandonment costs over a long-term period		(4,413)		(576)
Restructuring charges and lease abandonment costs over a short-term period	$	11,673	$	74

ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock

iHeartMedia Transaction
Market	Radio Stations	Transactions	TBA Commencement Date	Disposition or Acquisition Date
Richmond, VA	WRVA AM	Company acquired from iHeart	December 4, 2017	December 19, 2017
Richmond, VA	WRXL FM	Company acquired from iHeart	December 4, 2017	December 19, 2017
Richmond, VA	WTVR FM	Company acquired from iHeart	December 4, 2017	December 19, 2017
Richmond, VA	WBTJ FM	Company acquired from iHeart	December 4, 2017	December 19, 2017
Richmond, VA	WRNL AM	Company acquired from iHeart	December 4, 2017	December 19, 2017
Richmond, VA	WRVQ FM	Company acquired from iHeart	December 4, 2017	December 19, 2017
Chattanooga, TN	WKXJ FM	Company acquired from iHeart	December 4, 2017	December 19, 2017
Chattanooga, TN	WUSY FM	Company acquired from iHeart	December 4, 2017	December 19, 2017
Chattanooga, TN	WRXR FM	Company acquired from iHeart	December 4, 2017	December 19, 2017
Chattanooga, TN	WLND FM	Company acquired from iHeart	December 4, 2017	December 19, 2017
Boston, MA	WBZ AM	Company divested to iHeart	November 18, 2017	December 19, 2017
Boston, MA	WZLX FM	Company divested to iHeart	November 18, 2017	December 19, 2017
Boston, MA	WRKO AM	Company divested to iHeart	Not Applicable	December 19, 2017
Boston, MA	WKAF FM	Company divested to iHeart	November 18, 2017	December 19, 2017
Seattle, WA	KZOK FM	Company divested to iHeart	Not Applicable	December 19, 2017
Seattle, WA	KJAQ FM	Company divested to iHeart	Not Applicable	December 19, 2017
Seattle, WA	KFNQ AM	Company divested to iHeart	November 18, 2017	December 19, 2017

Beasley Transaction
Market	Radio Stations	Transactions	TBA Commencement Date	Disposition or Acquisition Date
Boston, MA	WMJX FM	Company acquired from Beasley	December 4, 2017	December 19, 2017
Boston, MA	WBZ FM	Company divested to Beasley	Not Applicable	December 19, 2017

Bonneville Exchange
Markets	Radio Stations	Transactions
Los Angeles, CA	KSWD FM	Company acquired from Bonneville
Denver, CO	KOSI FM	Company disposed to Bonneville
Denver, CO	KYGO FM; KEPN AM	Company disposed to Bonneville
Denver, CO	KKFN FM	The trust disposed to Bonneville

Lincoln Acquisition
Markets	Radio Stations	Transactions
Denver, CO	KKFN FM	The trust acquired from Lincoln
Denver, CO	KYGO FM; KEPN AM	Company acquired from Lincoln
Denver, CO	KQKS FM; KRWZ AM	Company acquired from Lincoln
Atlanta, GA	WSTR FM; WQXI AM	Company acquired from Lincoln
Miami, FL	WAXY AM/FM; WLYF FM; WMXJ FM	Company acquired from Lincoln
San Diego, CA	KBZT FM; KSON FM/KSOQ FM; KIFM FM	Company acquired from Lincoln

LFM [Member]

Acquisition [Line Items]

Schedule Of Acquisition Valuation [Table Text Block]


	Purchase		Useful Lives in Years
Description	Price		From	To
	(amounts in thousands)
	(amounts in thousands)

Cash	$	2,246
Net accounts receivable		11,933	less than 1 year
Prepaid expenses, deposits and other		970	less than 1 year
Total current assets		15,149
Land		7,368	non-depreciating
Land improvements		87	15	15
Building		1,067	15	25
Leasehold improvements		973	2	11
Equipment and towers		8,651	3	40
Furniture and fixtures		29	5	5
Total tangible property		18,175
Assets held for sale		1,885
Other intangibles		487	1	5
Broadcasting licenses		79,209	non-amortizing
Goodwill		4,594	non-amortizing
Deferred tax assets		1,364	over remaining lease life
Total intangible and other assets		87,539
Total assets	$	120,863

Accounts payable	$	723	less than 1 year
Accrued expenses		3,466	less than 1 year
Other current liabilities		12	less than 1 year
Total current liabilities		4,201
Unfavorable contracts and other liabilities		3,272	over remaining lease life
Total liabilities acquired	$	7,473

Fair value of net assets acquired	$	113,390

BonnevilleSwap [Member]

Acquisition [Line Items]

Schedule Of Acquisition Valuation [Table Text Block]

	Purchase		Useful Lives in Years
Description	Price		From	To
	(amounts in
	thousands)

Other receivables	$	4,864
Equipment		1,012	3	15
Furniture and fixtures		121	5	5
Total tangible property		1,133
Advertiser lists and customer relationships		1	3	3
Trademarks and trade names		2	5	5
Broadcasting licenses		53,057	non-amortizing
Goodwill		266	non-amortizing
Total intangible assets		53,326
Total assets		59,323
Unfavorable contract and lease liabilities		(323)	1	4
Net assets acquired	$	59,000

Fair value of net assets acquired	$	59,000

Charlotte [Member]

Acquisition [Line Items]

Schedule Of Acquisition Valuation [Table Text Block]

	January 6,		Useful Lives in Years
Description	2017		From	To
	(amounts in
	thousands)
Assets
Land	$	2,539	non-depreciating
Buildings		217	15	25
Equipment		4,569	3	40
Total property plant and equipment		7,325
Deferred tax asset		287	life of underlying asset
Radio broadcasting licenses and goodwill		17,384	non-amortizing
Total assets		24,996
Liabilities
Unfavorable lease liabilities		735	over remaining lease life
Deferred tax liability		261	life of underlying liability
Total liabilities		996
Fair value of net assets acquired	$	24,000

CBS Radio [Member]

Acquisition [Line Items]

Schedule Of Acquisition Valuation [Table Text Block]

	November 17,		Useful Lives in Years
Description	2017		From	To

	(amounts in
	thousands)
Assets
Accounts receivable		241,548	less than 1 year
Prepaid sports rights and favorable sports contracts		4,160	less than 1 year
Prepaid expenses, deposits and other		20,625	less than 1 year
Other current assets		7,350	less than 1 year
Total current assets		273,683
Land		112,880	non-depreciating
Land improvements		1,348	10	10
Leasehold improvements		36,029	shorter of economic life or lease term
Buildings		14,040	25	25
Furniture and fixtures		4,080	7	7
Equipment and towers		81,407	3	23
Construction in process		14,598
Total tangible property		264,382
Advertiser relationships		27,453	5	5
Radio broadcasting licenses		1,880,400	non-amortizing
Goodwill		820,961	non-amortizing
Assets held for sale		255,650	to be sold within 1 year
Favorable leases		16,580	over remaining lease life
Other noncurrent assets		1,050	3	40
Total intangible and other assets		3,002,094
Total assets		3,540,159
Liabilities
Accounts payable		36,137	less than 1 year
Accrued expenses		35,154	less than 1 year
Accrued salaries and benefits		26,324	less than 1 year
Current portion of long-term debt		10,600	less than 1 year
Unfavorable sports liability - current portion		4,803	less than 1 year
Accrued interest		4,529	less than 1 year
Unearned revenues - current portion		14,971	less than 1 year
Total current liabilities		132,518
Unearned revenues - non-current portion		13,859	as revenue is earned
Unfavorable lease liability		12,770	over remaining lease life
Unfavorable sports liability - non-current portion		22,597	over remaining contract life
Non-current portion of long-term debt		1,376,900	5	7
Deferred tax liability		780,832	life of underlying liability
Other long-term liabilities		31,835	life of underlying liability
Total liabilities		2,371,311
Fair value of net assets acquired	$	1,168,848

IHeart And Beasley Exchange Member [Member]

Acquisition [Line Items]

Schedule Of Acquisition Valuation [Table Text Block]

Beasley Transaction
	Assets Acquired		Assets Disposed
	(amounts in thousands)
Assets
Total property plant and equipment	$	667	$	807
Total tangible assets		667		807

Sports rights agreement		-		267
Radio broadcasting licenses		35,944		35,944
Goodwill		289		11,882
Total intangible assets		36,233		48,093
Additional cash consideration		12,000		-
Total value	$	48,900	$	48,900

iHeart Transaction
	Assets Acquired		Assets Disposed
	(amounts in thousands)
Assets
Total property plant and equipment	$	13,725	$	8,149
Total tangible assets		13,725		8,149

Acquired advertising contracts		265		-
Advertiser relationships		1,041		-
Radio broadcasting licenses		50,621		56,299
Goodwill		11,700		6,852
Total intangible assets		63,627		63,151
Liabilities
Unfavorable lease agreements assumed		(1,301)		-
Deferred tax liabilities		(4,751)		-
Total value	$	71,300	$	71,300