Impairment of FCC Broadcasting Licenses (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value, Measurements, Nonrecurring

Summary of Key Assumptions Used in Impairment Assessment Using Significant Unobservable Inputs

The methodology used by the Company in determining its key estimates and assumptions was applied consistently to the subject markets. Below are some of the key assumptions used in the Company’s impairment assessment using significant unobservable inputs (Level 3 non-recurring fair value measure).

	Radio FCC Licenses	Television FCC Licenses
	March 31, 2020	March 31, 2020
Discount Rate	10.5%	11.0%
Long-term Revenue Growth Rate	0.1% - 0.8%	1.0%
Mature Market Share	3.0% - 18.0%	2.0% - 2.9%
Mature Operating Profit Margin	28.0% - 33.6%	24.0%