v3.20.2
INTANGIBLE ASSETS AND GOODWILL (Tables)
 9 Months Ended
Sep. 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.
Broadcasting Licenses
Carrying Amount
September 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(15,957)— 
Assets held for sale (See Note 14)(432)(10,140)
Ending period balance$2,491,732 $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
September 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
Third Quarter 2020Second Quarter 2020Fourth Quarter 2019
Discount rate7.50 %8.00 %8.50 %
Operating profit margin ranges expected for average stations in the markets where the Company operates
24% to 36%
22% to 36%
18% to 36%
Forecasted growth rate (including long-term growth rate) range of the Company's markets
0.0% to 0.7%
0.0% to 0.8%
0.0% to 0.8%