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FCC Broadcasting Licenses
12 Months Ended
Dec. 31, 2017
Text Block [Abstract]  
FCC Broadcasting Licenses
(5) FCC Broadcasting Licenses

The changes in the carrying amount of FCC broadcasting licenses for the years ended December 31, 2016 and 2017 are as follows:

 

Balance as of January 1, 2016

   $ 228,554,165  

Acquisitions of translator licenses

     495,075  

Acquisition of Greater Media radio stations (see Note 3)

     263,260,200  

Assets held for sale reclassification

     (24,759,640

Beneficial interest in trust reclassification

     (15,738,300
  

 

 

 

Balance as of December 31, 2016

     451,811,500  

Acquisitions of translator licenses

     1,431,579  

Asset exchange (see Note 3)

     35,943,600  
  

 

 

 

Balance as of December 31, 2017

   $ 489,186,679  
  

 

 

 

 

FCC broadcasting licenses related to the disposition of radio stations in Charlotte, NC on January 6, 2017, Greenville-New Bern-Jacksonville, NC on May 1, 2017, and WMJX in Boston, MA on December 19, 2017 were reported in assets held for sale as of December 31, 2016.