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FCC Broadcasting Licenses (Tables) | 12 Months Ended
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Dec. 31, 2015
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Carrying Amount of Broadcasting Licenses | The changes in the carrying amount of FCC broadcasting licenses for the years ended December 31, 2014 and 2015 are as follows:
Balance as of January 1, 2014 |  | $ | 108,961,730 |
Acquisitions of translator licenses |  |  | 155,000 |
FCC broadcasting licenses received from asset exchange (see Note 3) |  |  | 125,211,600 |
Balance as of December 31, 2014 |  |  | 234,328,330 |
Acquisitions of translator licenses |  |  | 391,175 |
Balance as of December 31, 2015 |  | $ | 234,719,505 |

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