XML 25 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Dispositions
12 Months Ended
Dec. 31, 2017
Dispositions [Abstract]  
Dispositions

3.  Dispositions



Lincoln Financial Media Company



On July 16, 2015, we closed on the sale of Lincoln Financial Media Company to Entercom Communications Corp. (“Entercom Parent”) and Entercom Radio, LLC.  We received $75 million in cash, net of transaction expenses, and $28 million face amount of perpetual cumulative convertible preferred stock of Entercom Parent.  During 2015, we recognized a loss of $2 million, after-tax, reflected within income (loss) from continuing operations on our Consolidated Statements of Comprehensive Income (Loss) related to finalizing the transaction.