XML 41 R29.htm IDEA: XBRL DOCUMENT v3.19.3
INTANGIBLE ASSETS AND GOODWILL (Tables)
9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of the changes in broadcasting license

 

 

Broadcasting Licenses

 

 

Carrying Amount

 

 

September 30,

 

December 31,

 

 

2019

 

2018

 

 

(amounts in thousands)

 

 

 

 

 

 

 

Broadcasting licenses balance as of January 1,

 

$

2,516,625

 

$

2,649,959

Disposition of radio stations (See Notes 2, 13)

 

 

(17,940)

 

 

(24,901)

Acquisition of radio stations (See Note 2)

 

 

19,576

 

 

40,131

Loss on impairment

 

 

-

 

 

(148,564)

Ending period balance

 

$

2,518,261

 

$

2,516,625

Schedule of changes in goodwill

 

 

Goodwill Carrying Amount

 

 

September 30,

 

December 31,

 

 

2019

 

2018

 

 

(amounts in thousands)

Goodwill balance before cumulative loss

 

 

 

 

 

on impairment as of January 1,

$

982,663

 

$

988,056

Accumulated loss on impairment as of January 1,

 

(443,194)

 

 

(126,056)

Goodwill beginning balance after cumulative loss

 

 

 

 

 

on impairment as of January 1,

 

539,469

 

 

862,000

Loss on impairment during year

 

-

 

 

(317,138)

Dispositions (See Note 2)

 

 

(4,862)

 

 

(8,623)

Acquisitions (See Note 2)

 

15,274

 

 

24,728

Measurement period adjustments to acquired goodwill

 

-

 

 

(21,498)

Ending period balance

$

549,881

 

$

539,469