Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2013

Goodwill and Intangible Assets

Schedule of goodwill and intangible assets

	September 30,		December 31,
	2013		2012
Broadcast licenses	$	41,355,700	$	41,355,700
Goodwill	116,481,768		10,982,586
Other intangibles	36,246,667		1,677,500
	$	194,084,135	$	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		September 30, 2013
Broadcast licenses	$	41,355,700	$	—	$	—	$	41,355,700
Goodwill	10,982,586		105,499,182		—		116,481,768
Other Intangibles	700,000		—		—		700,000
Total indefinite lived intangibles	$	53,038,286	$	105,499,182	$	—	$	158,537,468

	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	September 30,		December 31,
	Term (Years)	2013		2012
Affiliate relationships	6 - 10	$	35,546,667	$	977,500

Schedule of future estimated amortization expense

Year Ending
December 31,
Remainder of 2013	$	1,636,667
2014	6,546,667
2015	6,546,667
2016	6,546,667
2017	6,374,167
2018	6,316,667
2019	1,579,165
2020	—
	$	35,546,667