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FCC Licenses (Tables)
 12 Months Ended
Dec. 31, 2024
Text Block [Abstract]  
Carrying Amount of Broadcasting Licenses

Changes in the carrying amount of FCC licenses for the years ended December 31, 2023 and 2024 are as follows:

 

Balance as of January 1, 2023

 

$

487,249,798

 

Dispositions (see Note 3)

 

 

(5,028,233

)

Impairment losses (see below and also Note 3)

 

 

(89,214,665

)

Balance as of December 31, 2023

 

 

393,006,900

 

License terminations

 

 

(747,069

)

Balance as of December 31, 2024

 

$

392,259,831

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

 

Revenue growth rates

 

(10.7)% - 6.1%

Market revenue shares at maturity

 

0.4% - 45.4%

Operating income margins at maturity

 

19.7% - 28.6%

Discount rate

 

9.0%
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%
The key assumptions used in the discounted cash flow analyses are as follows:

 

Revenue growth rates

 

(16.5)% - 24.4%

Market revenue shares at maturity

 

0.4% - 45.5%

Operating income margins at maturity

 

19.7% - 29.9%

Discount rate

 

10.0%