INTANGIBLE ASSETS AND GOODWILL (Tables)

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of the Changes in Broadcasting License

The following table presents the changes in the carrying value of broadcasting licenses. Refer to Note 2, Business Combinations, and Note 14, Assets Held For Sale, for additional information.


	Broadcasting Licenses Carrying Amount
	June 30, 2020		December 31, 2019
	(amounts in thousands)
Broadcasting licenses balance as of January 1,	$	2,508,121	$	2,516,625
Disposition of radio stations (See Note 2)	—		(17,940)
Acquisitions (See Note 2)	—		19,576
Loss on impairment	(4,143)		—
Assets held for sale (See Note 14)	(432)		(10,140)
Ending period balance	$	2,503,546	$	2,508,121

Schedule of Changes in Goodwill

The following table presents the changes in goodwill. Refer to Note 2, Business Combinations, for additional information.


	Goodwill Carrying Amount
	June 30, 2020		December 31, 2019
	(amounts in thousands)
Goodwill balance before cumulative loss on impairment as of January 1,	$	1,024,467	$	982,663
Accumulated loss on impairment as of January 1,	(980,547)		(443,194)
Goodwill beginning balance after cumulative loss on impairment as of January 1,	43,920		539,469
Loss on impairment during year	—		(537,353)
Dispositions (See Note 2)	—		(4,862)
Acquisitions (See Note 2)	—		46,666
Measurement period adjustments to acquired goodwill (See Note 2)	(28)		—
Ending period balance	$	43,892	$	43,920

Schedule of assumptions and estimates for broadcasting licenses impairment testing

The following table reflects the estimates and assumptions used in the interim and annual broadcasting licenses impairment assessments for each respective period.

Estimates And Assumptions

Second Quarter 2020

Fourth Quarter 2019

Fourth Quarter 2018

Second Quarter 2018

Second Quarter 2017

Discount rate

8.00

8.50

9.00

9.25

Operating profit margin ranges expected for average stations in the markets where the Company operates

22% to 36%

18% to 36%

22% to 37%

19% to 40%

Forecasted growth rate (including long-term growth rate) range of the Company's markets

0.0% to 0.8%

0.0% to 0.9%

0.5% to 1.0%

1.0% to 2.0%