Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2013

Goodwill and Intangible Assets

Schedule of goodwill and intangible assets

	June 30,		December 31,
	2013		2012
Broadcast licenses	$	41,355,700	$	41,355,700
Goodwill	124,803,456		10,982,586
Other intangibles	24,416,071		1,677,500
	$	190,575,227	$	54,015,786

Summary of changes in the Company's goodwill and other indefinite lived intangible assets, on a net basis

	Net Balance at						Net Balance at
	December 31, 2012		Additions		Impairment		June 30, 2013
Broadcast licenses	$	41,355,700	$	—	$	—	$	41,355,700
Goodwill	10,982,586		113,820,870		—		124,803,456
Other Intangibles	700,000		—		—		700,000
Total indefinite lived intangibles	$	53,038,286	$	113,820,870	$	—	$	166,859,156

	Net Balance at						Net Balance at
	December 31, 2011		Additions		Impairment		December 31, 2012
Broadcast licenses	$	41,355,700	$	—	$	—	$	41,355,700
Goodwill	10,982,586		—		—		10,982,586
Other Intangibles	700,000		—		—		700,000
Total indefinite lived intangibles	$	53,038,286	$	—	$	—	$	53,038,286

Schedule of net amounts related to other amortizable intangible assets

	Amortization	June 30,		December 31,
	Term (Years)	2013		2012
Affiliate relationships	7 - 10	$	23,716,071	$	977,500

Schedule of future estimated amortization expense

Year Ending
December 31,
Remainder of 2013	$	1,807,857
2014	3,615,714
2015	3,615,714
2016	3,615,714
2017	3,443,214
2018	3,385,714
2019	3,385,714
2020	846,429
	$	23,716,071