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FCC Broadcasting Licenses (Tables)
 12 Months Ended
Dec. 31, 2017
Text Block [Abstract]  
Carrying Amount of 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