ACQUISITIONS, DIVESTITURES AND PRO FORMA SUMMARY (Tables)
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12 Months Ended |
Dec. 31, 2017 |
| Business Combinations [Abstract] |
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| Schedule of merger and acquisition costs |
| Years Ended | | December 31, | | 2017 | | 2016 | | 2015 | | (amounts in thousands) | | | | | | | | | | | Costs to exit duplicative contracts | $ | 500 | | $ | - | | $ | 646 | | Workforce reduction | | 10,441 | | | - | | | 1,538 | | Lease abandonment costs | | 2,874 | | | - | | | 687 | | Other restructuring costs | | 147 | | | - | | | - | | Changes in estimates | | - | | | - | | | (13) | | Total restructuring charges | $ | 13,962 | | $ | - | | $ | 2,858 | | Transition services costs | $ | 2,960 | | $ | - | | $ | - | | Total restructuring charges and transition services | $ | 16,922 | | $ | - | | $ | 2,858 | | Merger and acquisition costs | $ | 41,313 | | $ | 708 | | | 3,978 | | Merger & acquisition costs, restructuring charges and transition services | $ | 58,235 | | $ | 708 | | $ | 6,836 |
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| Schedule of unaudited pro forma summary of financial information |
| Years Ended December 31, | | 2017 | | | 2016 | | 2015 | | (amounts in thousands, except per share data) | | Pro Forma | | Pro Forma | | Pro Forma | | | | | | | | | | | Net revenues | $ | 1,580,934 | | $ | 1,656,123 | | $ | 442,485 | | Income (loss) from continuing operations | $ | 422,901 | | $ | (587,393) | | $ | 33,050 | | Income (loss) from discontinued operations | $ | 836 | | $ | - | | $ | - | | Net income (loss) available to the Company | $ | 423,737 | | $ | (587,393) | | $ | 33,050 | | Net income (loss) available to common shareholders | $ | 421,722 | | $ | (589,294) | | $ | 30,850 | | Income (loss) from continuing operations | | | | | | | | | | per common share - basic | $ | 3.01 | | $ | (4.20) | | $ | 0.81 | | Income (loss) from discontinued operations | | | | | | | | | | per common share - basic | $ | 0.01 | | $ | - | | $ | - | | Net income (loss) available to common shareholders | | | | | | | | | | per common share - basic | $ | 3.01 | | $ | (4.21) | | $ | 0.81 | | Income (loss) from continuing operations | | | | | | | | | | per common share - diluted | $ | 3.02 | | $ | (4.20) | | $ | 0.79 | | Income (loss) from discontinued operations | | | | | | | | | | per common share - diluted | $ | 0.01 | | $ | - | | $ | - | | Net income (loss) available to common shareholders | | | | | | | | | | per common share - diluted | $ | 3.01 | | $ | (4.21) | | $ | 0.79 | | | | | | | | | | | Weighted shares outstanding basic | | 140,298 | | | 139,908 | | | 38,084 | | Weighted shares outstanding diluted | | 141,790 | | | 139,908 | | | 39,038 | | Conversion of preferred stock for dilutive purposes | | | | | | | | | | under the as if method | dilutive | | anti-dilutive | | anti-dilutive |
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| Schedule of the future amortization of unfavoarble leases from acquisition |
| As Of | | December 31, | | 2017 | | (amounts in | | thousands) | | Years ending December 31, | | | | 2018 | $ | 7,648 | | 2019 | | 7,323 | | 2020 | | 6,918 | | 2021 | | 6,618 | | 2022 | | 5,742 | | Thereafter | | 7,068 | | $ | 41,317 |
| As of | | December 31, | | 2017 | | (amounts in | | thousands) | | Years ending December 31, | | | | 2018 | $ | 295 | | 2019 | | 167 | | 2020 | | 147 | | 2021 | | 91 | | 2022 | | 80 | | Thereafter | | 346 | | $ | 1,126 |
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| Schedule of Restrucutring Reserve by Type |
| Years ended December 31, | | | 2017 | | 2016 | | (amounts in thousands) | | | | | | | | Restructuring charges and lease abandonment costs, beginning balance | $ | 650 | | $ | 1,686 | | Additions resulting from the integration of CBS Radio | | 15,005 | | | - | | Restructuring charges assumed from the Merger | | 1,095 | | | - | | Reduction | | (664) | | | (1,036) | | Restructuring charges and lease abandonment costs unpaid and outstanding | | 16,086 | | | 650 | | Less restructuring charges and lease abandonment costs over a long-term period | | (4,413) | | | (576) | | Restructuring charges and lease abandonment costs over a short-term period | $ | 11,673 | | $ | 74 |
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| ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock |
| iHeartMedia Transaction | | Market | | Radio Stations | | Transactions | | TBA Commencement Date | | Disposition or Acquisition Date | | Richmond, VA | | WRVA AM | | Company acquired from iHeart | | December 4, 2017 | | December 19, 2017 | | Richmond, VA | | WRXL FM | | Company acquired from iHeart | | December 4, 2017 | | December 19, 2017 | | Richmond, VA | | WTVR FM | | Company acquired from iHeart | | December 4, 2017 | | December 19, 2017 | | Richmond, VA | | WBTJ FM | | Company acquired from iHeart | | December 4, 2017 | | December 19, 2017 | | Richmond, VA | | WRNL AM | | Company acquired from iHeart | | December 4, 2017 | | December 19, 2017 | | Richmond, VA | | WRVQ FM | | Company acquired from iHeart | | December 4, 2017 | | December 19, 2017 | | Chattanooga, TN | | WKXJ FM | | Company acquired from iHeart | | December 4, 2017 | | December 19, 2017 | | Chattanooga, TN | | WUSY FM | | Company acquired from iHeart | | December 4, 2017 | | December 19, 2017 | | Chattanooga, TN | | WRXR FM | | Company acquired from iHeart | | December 4, 2017 | | December 19, 2017 | | Chattanooga, TN | | WLND FM | | Company acquired from iHeart | | December 4, 2017 | | December 19, 2017 | | Boston, MA | | WBZ AM | | Company divested to iHeart | | November 18, 2017 | | December 19, 2017 | | Boston, MA | | WZLX FM | | Company divested to iHeart | | November 18, 2017 | | December 19, 2017 | | Boston, MA | | WRKO AM | | Company divested to iHeart | | Not Applicable | | December 19, 2017 | | Boston, MA | | WKAF FM | | Company divested to iHeart | | November 18, 2017 | | December 19, 2017 | | Seattle, WA | | KZOK FM | | Company divested to iHeart | | Not Applicable | | December 19, 2017 | | Seattle, WA | | KJAQ FM | | Company divested to iHeart | | Not Applicable | | December 19, 2017 | | Seattle, WA | | KFNQ AM | | Company divested to iHeart | | November 18, 2017 | | December 19, 2017 | | | | | | | | | | | Beasley Transaction | | Market | | Radio Stations | | Transactions | | TBA Commencement Date | | Disposition or Acquisition Date | | Boston, MA | | WMJX FM | | Company acquired from Beasley | | December 4, 2017 | | December 19, 2017 | | Boston, MA | | WBZ FM | | Company divested to Beasley | | Not Applicable | | December 19, 2017 |
| Bonneville Exchange | | Markets | | Radio Stations | | Transactions | | Los Angeles, CA | | KSWD FM | | Company acquired from Bonneville | | Denver, CO | | KOSI FM | | Company disposed to Bonneville | | Denver, CO | | KYGO FM; KEPN AM | | Company disposed to Bonneville | | Denver, CO | | KKFN FM | | The trust disposed to Bonneville | | | | | | | Lincoln Acquisition | | Markets | | Radio Stations | | Transactions | | Denver, CO | | KKFN FM | | The trust acquired from Lincoln | | Denver, CO | | KYGO FM; KEPN AM | | Company acquired from Lincoln | | Denver, CO | | KQKS FM; KRWZ AM | | Company acquired from Lincoln | | Atlanta, GA | | WSTR FM; WQXI AM | | Company acquired from Lincoln | | Miami, FL | | WAXY AM/FM; WLYF FM; WMXJ FM | | Company acquired from Lincoln | | San Diego, CA | | KBZT FM; KSON FM/KSOQ FM; KIFM FM | | Company acquired from Lincoln |
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| LFM [Member] |
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| Acquisition [Line Items] |
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| Schedule Of Acquisition Valuation [Table Text Block] |
| | | | | | | | | | Purchase | | Useful Lives in Years | | Description | | Price | | From | | To | | | (amounts in thousands) | | | | | | | | | | | | | | | | | | | | Cash | | $ | 2,246 | | | | Net accounts receivable | | | 11,933 | | less than 1 year | | Prepaid expenses, deposits and other | | | 970 | | less than 1 year | | Total current assets | | | 15,149 | | | | | | Land | | | 7,368 | | non-depreciating | | Land improvements | | | 87 | | 15 | | 15 | | Building | | | 1,067 | | 15 | | 25 | | Leasehold improvements | | | 973 | | 2 | | 11 | | Equipment and towers | | | 8,651 | | 3 | | 40 | | Furniture and fixtures | | | 29 | | 5 | | 5 | | Total tangible property | | | 18,175 | | | | | | Assets held for sale | | | 1,885 | | | | | | Other intangibles | | | 487 | | 1 | | 5 | | Broadcasting licenses | | | 79,209 | | non-amortizing | | Goodwill | | | 4,594 | | non-amortizing | | Deferred tax assets | | | 1,364 | | over remaining lease life | | Total intangible and other assets | | | 87,539 | | | | | | Total assets | | $ | 120,863 | | | | | | | | | | | | | | Accounts payable | | $ | 723 | | less than 1 year | | Accrued expenses | | | 3,466 | | less than 1 year | | Other current liabilities | | | 12 | | less than 1 year | | Total current liabilities | | | 4,201 | | | | | | Unfavorable contracts and other liabilities | | | 3,272 | | over remaining lease life | | Total liabilities acquired | | $ | 7,473 | | | | | | | | | | | | | | Fair value of net assets acquired | | $ | 113,390 | | | | |
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| BonnevilleSwap [Member] |
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| Acquisition [Line Items] |
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| Schedule Of Acquisition Valuation [Table Text Block] |
| | Purchase | | Useful Lives in Years | | Description | | Price | | From | | To | | | (amounts in | | | | | | | thousands) | | | | | | | | | | | | | | Other receivables | | $ | 4,864 | | | | | | Equipment | | | 1,012 | | 3 | | 15 | | Furniture and fixtures | | | 121 | | 5 | | 5 | | Total tangible property | | | 1,133 | | | | | | Advertiser lists and customer relationships | | | 1 | | 3 | | 3 | | Trademarks and trade names | | | 2 | | 5 | | 5 | | Broadcasting licenses | | | 53,057 | | non-amortizing | | Goodwill | | | 266 | | non-amortizing | | Total intangible assets | | | 53,326 | | | | | | Total assets | | | 59,323 | | | | | | Unfavorable contract and lease liabilities | | | (323) | | 1 | | 4 | | Net assets acquired | | $ | 59,000 | | | | | | | | | | | | | | Fair value of net assets acquired | | $ | 59,000 | | | | |
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| Charlotte [Member] |
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| Acquisition [Line Items] |
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| Schedule Of Acquisition Valuation [Table Text Block] |
| | January 6, | | Useful Lives in Years | | Description | | 2017 | | From | | To | | | (amounts in | | | | | | thousands) | | | | | Assets | | | | | | | | | Land | | $ | 2,539 | | non-depreciating | | Buildings | | | 217 | | 15 | | 25 | | Equipment | | | 4,569 | | 3 | | 40 | | Total property plant and equipment | | | 7,325 | | | | | | Deferred tax asset | | | 287 | | life of underlying asset | | Radio broadcasting licenses and goodwill | | | 17,384 | | non-amortizing | | Total assets | | | 24,996 | | | | | | Liabilities | | | | | | | | | Unfavorable lease liabilities | | | 735 | | over remaining lease life | | Deferred tax liability | | | 261 | | life of underlying liability | | Total liabilities | | | 996 | | | | | | Fair value of net assets acquired | | $ | 24,000 | | | | |
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| CBS Radio [Member] |
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| Acquisition [Line Items] |
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| Schedule Of Acquisition Valuation [Table Text Block] |
| | November 17, | | Useful Lives in Years | | Description | | 2017 | | From | | To | | | | | | | | | | | (amounts in | | | | | | thousands) | | | | | Assets | | | | | | | | | Accounts receivable | | | 241,548 | | less than 1 year | | Prepaid sports rights and favorable sports contracts | | | 4,160 | | less than 1 year | | Prepaid expenses, deposits and other | | | 20,625 | | less than 1 year | | Other current assets | | | 7,350 | | less than 1 year | | Total current assets | | | 273,683 | | | | | | Land | | | 112,880 | | non-depreciating | | Land improvements | | | 1,348 | | 10 | | 10 | | Leasehold improvements | | | 36,029 | | shorter of economic life or lease term | | Buildings | | | 14,040 | | 25 | | 25 | | Furniture and fixtures | | | 4,080 | | 7 | | 7 | | Equipment and towers | | | 81,407 | | 3 | | 23 | | Construction in process | | | 14,598 | | | | | | Total tangible property | | | 264,382 | | | | | | Advertiser relationships | | | 27,453 | | 5 | | 5 | | Radio broadcasting licenses | | | 1,880,400 | | non-amortizing | | Goodwill | | | 820,961 | | non-amortizing | | Assets held for sale | | | 255,650 | | to be sold within 1 year | | Favorable leases | | | 16,580 | | over remaining lease life | | Other noncurrent assets | | | 1,050 | | 3 | | 40 | | Total intangible and other assets | | | 3,002,094 | | | | | | Total assets | | | 3,540,159 | | | | | | Liabilities | | | | | | | | | Accounts payable | | | 36,137 | | less than 1 year | | Accrued expenses | | | 35,154 | | less than 1 year | | Accrued salaries and benefits | | | 26,324 | | less than 1 year | | Current portion of long-term debt | | | 10,600 | | less than 1 year | | Unfavorable sports liability - current portion | | | 4,803 | | less than 1 year | | Accrued interest | | | 4,529 | | less than 1 year | | Unearned revenues - current portion | | | 14,971 | | less than 1 year | | Total current liabilities | | | 132,518 | | | | | | Unearned revenues - non-current portion | | | 13,859 | | as revenue is earned | | Unfavorable lease liability | | | 12,770 | | over remaining lease life | | Unfavorable sports liability - non-current portion | | | 22,597 | | over remaining contract life | | Non-current portion of long-term debt | | | 1,376,900 | | 5 | | 7 | | Deferred tax liability | | | 780,832 | | life of underlying liability | | Other long-term liabilities | | | 31,835 | | life of underlying liability | | Total liabilities | | | 2,371,311 | | | | | | Fair value of net assets acquired | | $ | 1,168,848 | | | | |
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| IHeart And Beasley Exchange Member [Member] |
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| Acquisition [Line Items] |
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| Schedule Of Acquisition Valuation [Table Text Block] |
| Beasley Transaction | | Assets Acquired | | Assets Disposed | | (amounts in thousands) | | Assets | | | | | | | Total property plant and equipment | $ | 667 | | $ | 807 | | Total tangible assets | | 667 | | | 807 | | | | | | | | Sports rights agreement | | - | | | 267 | | Radio broadcasting licenses | | 35,944 | | | 35,944 | | Goodwill | | 289 | | | 11,882 | | Total intangible assets | | 36,233 | | | 48,093 | | Additional cash consideration | | 12,000 | | | - | | Total value | $ | 48,900 | | $ | 48,900 | | | | | | | | iHeart Transaction | | Assets Acquired | | Assets Disposed | | (amounts in thousands) | | Assets | | | | | | | Total property plant and equipment | $ | 13,725 | | $ | 8,149 | | Total tangible assets | | 13,725 | | | 8,149 | | | | | | | | Acquired advertising contracts | | 265 | | | - | | Advertiser relationships | | 1,041 | | | - | | Radio broadcasting licenses | | 50,621 | | | 56,299 | | Goodwill | | 11,700 | | | 6,852 | | Total intangible assets | | 63,627 | | | 63,151 | | Liabilities | | | | | | | Unfavorable lease agreements assumed | | (1,301) | | | - | | Deferred tax liabilities | | (4,751) | | | - | | Total value | $ | 71,300 | | $ | 71,300 |
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