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FCC Broadcasting Licenses
12 Months Ended
Dec. 31, 2016
Text Block [Abstract]  
FCC Broadcasting Licenses

(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