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SUBSEQUENT EVENTS (Block)
12 Months Ended
Dec. 31, 2018
Subsequent Events Abstract  
Schedule Of Subsequent Events Text Block

21. SUBSEQUENT EVENTS

Events occurring after December 31, 2018, and through the date that these consolidated financial statements were issued, were evaluated to ensure that any subsequent events that met the criteria for recognition have been included and are as follows:

On February 1, 2019, the Company closed on the sale of land, land improvements, buildings and equipment for total proceeds of $25.0 million. The assets were classified within assets held for sale as of December 31, 2018.

On February 13, 2019, the Company entered into an agreement with Cumulus Media Inc. (“Cumulus”) under which the Company will exchange three of its stations in Indianapolis, Indiana for two Cumulus stations in Springfield, Massachusetts, and one Cumulus station in New York City, New York. The Company and Cumulus will begin programming the respective stations under a LMA on March 1, 2019. The exchange transaction is expected to close in the second quarter of 2019.