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ASSETS HELD FOR SALE (Block)
 3 Months Ended
Mar. 31, 2016
Discontinued Operations And Disposal Groups Abstract  
Disposal Groups Including Discontinued Operations Disclosure Text Block

10. ASSETS HELD FOR SALE

Long-lived assets to be sold are classified as held for sale in the period in which they meet all the criteria for the disposal of long-lived assets. The Company measures assets held for sale at the lower of their carrying amount or fair value less cost to sell. Additionally, the Company determined that these assets comprise operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the Company. As of March 31, 2016, the Company classified assets held for sale, which primarily reflect: (1) land, building and a tower at a tower/antenna site to be sold to a government agency; and (2) land and a building that the Company formerly used as its main studio facility in one of its markets and a co-located tower/antenna structure for two of its AM radio stations that the Company plans to relocate to other suitable sites.

The major categories of these assets are as follows:

As Of
March 31,
Assets Held For Sale2016
(amounts in
thousands)
Land and land improvements$2,218
Building1,028
Equipment184
Total property and equipment3,430
Depreciation and amortization796
Net property and equipment2,634
Assets held for sale$2,634