INTANGIBLE ASSETS AND GOODWILL (Tables)
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12 Months Ended |
Dec. 31, 2018 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of the changes in broadcasting license |
| | Broadcasting Licenses | | | Carrying Amount | | | December 31, | | December 31, | | | 2018 | | 2017 | | | (amounts in thousands) | | | | | | | | | Broadcasting licenses balance as of January 1, | | $ | 2,649,959 | | $ | 823,195 | | Disposition of an FCC broadcasting license to facilitate the CBS Merger | | | - | | | (13,500) | | Deconsolidation of a VIE - 2017 Charlotte Acquisition | | | - | | | (15,738) | | Acquisition of radio stations - 2017 Charlotte Acquisition | | | - | | | 17,174 | | Acquisition of radio stations - CBS Radio Merger | | | - | | | 1,880,400 | | Disposition of FCC broadcasting licenses - EMF Sale | | | - | | | (54,661) | | Acquisition of a radio station - Beasley Transaction | | | - | | | 35,944 | | Acquisition of radio stations - iHeartMedia Transaction | | | - | | | 50,621 | | Disposition of radio stations - iHeartMedia Transaction | | | - | | | (7,462) | | Assets held for sale - Bonneville Transaction | | | - | | | (66,014) | | Acquisition of radio stations - Emmis Acquisition | | | 12,785 | | | - | | Acquisition of a radio station - Jerry Lee Transaction | | | 27,346 | | | - | | Loss on impairment | | | (148,564) | | | - | | Disposition of a radio station - WXTU Transaction | | | (24,901) | | | - | | Ending period balance | | $ | 2,516,625 | | $ | 2,649,959 |
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| Schedule of assumptions and estimates for broadcasting licences impairment testing |
| Estimates And Assumptions | | Fourth | | Second | | Second | | Second | | Second | | Quarter | | Quarter | | Quarter | | Quarter | | Quarter | | 2018 | | 2018 | | 2017 | | 2016 | | 2015 | | Discount rate | 9.00% | | 9.00% | | 9.25% | | 9.5% | | 9.7% | | Operating profit margin ranges expected | | | | | | | | | | | for average stations in the markets | | | | | | | | | | | where the Company operates | 22% to 37% | | 22% to 37% | | 19% to 40% | | 14% to 40% | | 25% to 40% | | Long-term revenue growth rate range | | | | | | | | | | | of the Company's markets | 0.0% to 0.9% | | 0.5% to 1.0% | | 1.0% to 2.0% | | 1.0% to 2.0% | | 1.5% to 2.0% |
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| Schedule of changes in goodwill |
| | Goodwill Carrying Amount | | | December 31, | | December 31, | | | 2018 | | 2017 | | | (amounts in thousands) | | Goodwill balance before cumulative loss | | | | | | | on impairment as of January 1, | $ | 988,056 | | $ | 158,333 | | Accumulated loss on impairment as of January 1, | | (126,056) | | | (125,615) | | Goodwill beginning balance after cumulative loss | | | | | | | on impairment as of January 1, | | 862,000 | | | 32,718 | | Loss on impairment during year | | (317,138) | | | (441) | | Acquisition of radio stations - 2017 Charlotte Acquisition | | | - | | | 43 | | Acquisition of radio stations - CBS Radio Merger | | - | | | 820,961 | | Disposition of goodwill - EMF sale | | | - | | | (266) | | Acquisition of a radio station - Beasley Transaction | | | - | | | 289 | | Acquisition of radio stations -iHeartMedia Transaction | | | - | | | 11,700 | | Disposition of radio stations - iHeartMedia Transaction | | | - | | | (14) | | Assets held for sale - Bonneville Transaction | | - | | | (2,990) | | Disposition of a radio station - WXTU Transaction | | | (8,623) | | | - | | Measurement period adjustments to acquired goodwill | | (21,498) | | | - | | Acquisition of radio stations - Emmis Acquisition | | 332 | | | - | | Acquisition of a radio station - Jerry Lee Transaction | | | 24,396 | | | - | | Ending period balance | $ | 539,469 | | $ | 862,000 | | | | | | | | | Goodwill balance before cumulative loss | | | | | | | on impairment as of December 31, | $ | 982,663 | | $ | 988,056 | | Accumulated loss on impairment as of December 31, | | (443,194) | | | (126,056) | | Goodwill ending balance as of December 31, | $ | 539,469 | | $ | 862,000 |
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| Schedule of assumptions and estimates for goodwill impairment testing |
| Estimates And Assumptions | | Fourth | | Second | | Second | | Second | | Second | | Quarter | | Quarter | | Quarter | | Quarter | | Quarter | | 2018 | | 2018 | | 2017 | | 2016 | | 2015 | | Discount rate | 9.00% | | 9.00% | | 9.25% | | 9.5% | | 9.7% | | Market multiple used in the market | | | | | | | | | | | valuation approach | not applicable | | not applicable | | 7.5x to 8.0x | | 7.5x to 8.0x | | 7.5x to 8.0x |
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