(6) FCC Broadcasting Licenses
The changes in the carrying amount of FCC broadcasting licenses for
the years ended December 31, 2015 and 2016 are as follows:
|
|
|
|
|
Balance as of January 1, 2015
|
|
$ |
234,328,330 |
|
Acquisitions of translator licenses
|
|
|
391,175 |
|
Assets held for sale reclassification
|
|
|
(6,165,340 |
) |
|
|
|
|
|
Balance as of December 31, 2015
|
|
|
228,554,165 |
|
Acquisitions of translator licenses
|
|
|
495,075 |
|
Acquisition of Greater Media radio stations (see Note 3)
|
|
|
263,260,200 |
|
Beneficial interest in trust reclassification
|
|
|
(15,738,300 |
) |
|
|
|
|
|
Balance as of December 31, 2016
|
|
$ |
476,571,140 |
|
|
|
|
|
|
|