value of the Company’s indefinite-lived intangible assets,
consisting of its broadcast licenses, at September 30, 2011
and 2012 was $11,590.
tests its indefinite-lived intangible assets for impairment
annually on September 30 as well as on an interim basis
whenever events indicate that an impairment may exist. The annual
impairment tests as of September 30, 2011 and 2012 indicated
that none of the broadcast licenses were impaired. No impairment
charges were recorded during the years ended September 30,
2010, 2011 and 2012.
Company’s other intangible assets, consisting of favorable
terms on contracts and leases, had a gross carrying amount of
$6,174 and no net carrying value at September 30, 2011 or 2012
as these intangible assets are fully amortized.