XML 15 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
FCC Broadcasting Licenses
 3 Months Ended
Mar. 31, 2013
FCC Broadcasting Licenses [Abstract]  
FCC Broadcasting Licenses
(3) FCC Broadcasting Licenses

The change in the carrying amount of FCC broadcasting licenses for the three months ended March 31, 2013 is as follows:

 

         

Balance as of December 31, 2012

   $ 183,251,728  

Acquisition of translator licenses

     30,000  
   

 

 

  

Balance as of March 31, 2013

   $ 183,281,728  
   

 

 

  

On January 11, 2013, the Company acquired two translator licenses from Reach Communications, Inc. for $30,000. The translator licenses allow the Company to rebroadcast the programming of one of its radio stations in Fort Myers-Naples, FL on the FM band over and expanded area of coverage. Translator licenses are generally granted for renewable terms of eight years and are tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that they might be impaired.