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INTANGIBLE ASSETS AND GOODWILL (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of the Changes in Broadcasting License The following table presents the changes in the carrying value of broadcasting licenses:
Broadcasting Licenses
Carrying Amount
December 31,
2021
December 31,
2020
(amounts in thousands)
Broadcasting licenses balance as of January 1,$2,229,016 $2,508,121 
Disposition of radio stations (see Note 3, 22)— (432)
Acquisitions (see Note 3)23,233 — 
Loss on impairment (See Note 14)— (261,929)
       Assets held for sale (see Note 22)(703)(16,744)
Ending period balance$2,251,546 $2,229,016 
Schedule of Changes in Goodwill The following table presents the changes in goodwill.
Goodwill Carrying Amount
December 31,
2021
December 31,
2020
(amounts in thousands)
Goodwill balance before cumulative loss on impairment as of January 1,$1,042,762 $1,024,467 
Accumulated loss on impairment as of January 1,(980,547)(980,547)
Goodwill beginning balance after cumulative loss on impairment as of
January 1,
62,215 43,920 
        Acquisitions (see Note 3)20,099 18,323 
        Measurement period adjustments to acquired goodwill(138)(28)
Ending period balance$82,176 $62,215 
Goodwill balance before cumulative loss on impairment as of December 31,$1,062,723 $1,042,762 
Accumulated loss on impairment as of December 31,(980,547)(980,547)
Goodwill ending balance as of December 31,$82,176 $62,215 
Schedule of Assumptions and Estimates for Broadcasting Licenses Impairment Testing The following table reflects the estimates and assumptions used in the interim and annual broadcasting licenses impairment assessments of each year.
Estimates And Assumptions
Fourth Quarter
2021
Fourth Quarter 2020Third Quarter
2020
Second Quarter 2020Fourth Quarter 2019
Discount rate8.50 %8.50 %7.50 %8.00 %8.5 %
Operating profit margin ranges for average stations in markets where the Company operates
20% to 33%
20% to 36%
24% to 36%
22% to 36%
18% to 36%
Forecasted growth rate (including long-term growth rate) range of the Company's markets
0.0% to 0.6%
0.0% to 0.6%
0.0% to 0.7%
0.0% to 0.8%
0.0% to 0.8%
Schedule of Assumptions and Estimates for Goodwill Impairment Testing
The following table reflects the estimates and assumptions used in the annual goodwill impairment assessments of each year:
Estimates And Assumptions
Fourth Quarter 2021Fourth Quarter 2020Fourth Quarter 2019
Discount rate - broadcast reporting unitnot applicablenot applicable8.50 %
Discount rate - podcast reporting unit9.50 %not applicablenot applicable
Discount rate - QLGG reporting unit12.00 %not applicablenot applicable