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INTANGIBLE ASSETS AND GOODWILL (Tables)
9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Broadcasting License
The following table presents the changes in the carrying value of broadcasting licenses. Refer to Note 2, Business Combinations, and Note 14, Assets Held For Sale, for additional information.
Broadcasting Licenses
Carrying Amount
September 30,
2022
December 31,
2021
(amounts in thousands)
Broadcasting licenses balance as of January 1,$2,251,546 $2,229,016 
Acquisitions (See Note 2)— 23,233 
Loss on impairment(159,089)— 
Assets held for sale (See Note 14)(4,380)(703)
Ending period balance$2,088,077 $2,251,546 
Schedule of Changes in Goodwill
The following table presents the changes in goodwill. Refer to Note 2, Business Combinations, for additional information.
Goodwill Carrying Amount
September 30,
2022
December 31,
2021
(amounts in thousands)
Goodwill balance before cumulative loss on impairment as of January 1,$1,062,723 $1,042,762 
Accumulated loss on impairment as of January 1,(980,547)(980,547)
Goodwill beginning balance after cumulative loss on impairment as of January 1,82,176 62,215 
Loss on impairment(18,126)— 
Acquisitions (See Note 2)— 20,099 
Measurement period adjustments to acquired goodwill (See Note 2)(134)(138)
Ending period balance$63,916 $82,176 
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
Third Quarter 2022Fourth Quarter 2021
Discount rate9.5 %8.5 %
Operating profit margin ranges for average stations in markets where the Company operates
19.6% to 32.9%
19.6% to 33.3%
Forecasted growth rate (including long-term growth rate) range of the Company's markets
0.0% to 0.6%
0.0% to 0.6%
Schedule of Assumptions and Estimates for Goodwill Impairment Testing
The following table reflects the estimates and assumptions used in the interim and annual goodwill impairment assessments of each year:
Estimates And Assumptions
Third Quarter 2022Fourth Quarter 2021
Discount rate - podcast reporting unit11.0 %9.5%
Discount rate - QLGG reporting unit13.0 %12.0%