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FCC Licenses (Tables)
 9 Months Ended
Sep. 30, 2023
FCC Licenses [Line Items]  
Carrying Amount of Broadcasting Licenses

Changes in the carrying amount of FCC licenses for the nine months ended September 30, 2023 are as follows:

 

Balance as of January 1, 2023

 

$

487,249,798

 

Impairment losses (see below and also Note 3)

 

 

(88,245,065

)

Radio station disposition (see Note 3)

 

 

(277,433

)

Assets held for sale reclassification

 

 

(4,750,800

)

Balance as of September 30, 2023

 

$

393,976,500

 
Discounted Cash Flow Analyses The key assumptions used in the discounted cash flow analyses are as follows:

 

Revenue growth rates

 

(1.2)% - 1.8%

Market revenue shares at maturity

 

0.4% - 44.7%

Operating income margins at maturity

 

19.7% - 30.4%

Discount rate

 

10.0%
Fort Mayers Naples FL Lasvegas LV And Wilmington [Member]  
FCC Licenses [Line Items]  
Discounted Cash Flow Analyses The key assumptions used in the discounted cash flow analyses are as follows:

 

Revenue growth rates

 

(1.9)% - 15.9%

Market revenue shares at maturity

 

0.6% - 44.0%

Operating income margins at maturity

 

19.2% - 32.6%

Discount rate

 

9.5%