INTANGIBLE ASSETS AND GOODWILL (Tables)

6 Months Ended

Jun. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of the changes in broadcasting license

	Broadcasting Licenses
	Carrying Amount
	June 30,		December 31,
	2018		2017
	(amounts in thousands)
Beginning of period balance as of January 1,	$	2,649,959	$	823,195
Disposition of an FCC broadcasting license to facilitate the CBS Merger		-		(13,500)
Consolidation (deconsolidation) of a VIE - 2017 Charlotte Acquisition		-		(15,738)
Acquisition of radio stations - 2017 Charlotte Acquisition		-		17,174
Acquisition of radio stations - CBS Radio Merger		-		1,880,400
Disposition of FCC broadcasting licenses - EMF Sale		-		(54,661)
Acquisition of a radio station - Beasley Transaction		-		35,944
Acquisition of radio stations - iHeartMedia Transaction		-		50,621
Disposition of radio stations - iHeartMedia Transaction		-		(7,462)
Assets held for sale - Bonneville Transaction		-		(66,014)
Acquisition of radio stations - Emmis Acquisition		12,785		-
Loss on impairment		(702)		-
Ending period balance	$	2,662,042	$	2,649,959

Schedule of assumptions and estimates for broadcasting licences impairment testing

	Estimates And Assumptions
	Second	Second
	Quarter	Quarter
	2018	2017
Discount rate	9.00%	9.25%
Operating profit margin ranges expected
for average stations in the markets
where the Company operates	22% to 37%	19% to 40%
Long-term revenue growth rate range
of the Company's markets	0.5% to 1.0%	1.0% to 2.0%

Schedule of changes in goodwill

	Goodwill Carrying Amount
	June 30,		December 31,
	2018		2017
	(amounts in thousands)
Goodwill balance before cumulative loss
on impairment as of January 1,	$	988,056	$	158,333
Accumulated loss on impairment as of January 1,		(126,056)		(125,615)
Goodwill beginning balance after cumulative loss
on impairment as of January 1,		862,000		32,718
Loss on impairment during year		-		(441)
Acquisition of radio stations - 2017 Charlotte Acquisition		-		43
Acquisition of radio stations - CBS Radio Merger		-		820,961
Disposition of goodwill - EMF sale		-		(266)
Acquisition of a radio station - Beasley Transaction		-		289
Acquisition of radio stations -iHeartMedia Transaction		-		11,700
Disposition of radio stations - iHeartMedia Transaction		-		(14)
Assets held for sale - Bonneville Transaction		-		(2,990)
Measurement period adjustments to acquired goodwill		(4,401)		-
Acquisition of radio stations - Emmis Acquisition		332		-
Ending period balance	$	857,931	$	862,000

Schedule of assumptions and estimates for goodwill impairment testing

	Estimates And Assumptions
	Second	Second
	Quarter	Quarter
	2018	2017
Discount rate	9.00%	9.25%
Long-term revenue growth rate range
of the Company (or its markets)	1.0%	1.0% to 2.0%
Market multiple used in the market
valuation approach	not applicable	7.5x to 8.0x