iHeartMedia (IHRT) 10-Q 9 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 07, 2016
Document And Entity Information [Abstract]
Entity Registrant Name	iHeartMedia, Inc.
Entity Central Index Key	1,400,891
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Amendment Flag	false
Common class A
Document Information [Line Items]
Entity common stock, shares outstanding		31,141,367
Common class B
Document Information [Line Items]
Entity common stock, shares outstanding		555,556
Common class C
Document Information [Line Items]
Entity common stock, shares outstanding		58,967,502

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
CURRENT ASSETS
Cash and cash equivalents	$ 542,910	$ 772,678
Accounts receivable, net of allowance of $36,556 in 2016 and $34,889 in 2015	1,392,997	1,442,038
Prepaid expenses	205,750	189,055
Assets held for sale	55,184	295,075
Other current assets	79,682	79,269
Total Current Assets	2,276,523	2,778,115
PROPERTY, PLANT AND EQUIPMENT
Structures, net	1,254,395	1,391,880
Other property, plant and equipment, net	784,459	820,676
INTANGIBLE ASSETS AND GOODWILL
Indefinite-lived intangibles - licenses	2,414,041	2,413,483
Indefinite-lived intangibles - permits	961,194	971,327
Other intangibles, net	798,742	953,660
Goodwill	4,108,950	4,128,887
OTHER ASSETS
Other assets	225,968	215,087
Total Assets	12,824,272	13,673,115
CURRENT LIABILITIES
Accounts payable	111,066	153,276
Accrued expenses	731,793	834,416
Accrued interest	152,066	279,100
Deferred income	238,763	210,924
Current portion of long-term debt	204,591	181,512
Total Current Liabilities	1,438,279	1,659,228
Long-term debt	20,249,812	20,539,099
Deferred income taxes	1,541,335	1,554,898
Other long-term liabilities	557,626	526,571
Commitments and contingent liabilities (Note 4)
SHAREHOLDERS’ DEFICIT
Noncontrolling interest	157,026	177,615
Additional paid-in capital	2,069,897	2,068,949
Accumulated deficit	(12,839,371)	(12,437,011)
Accumulated other comprehensive loss	(348,338)	(414,407)
Cost of shares (365,517 in 2016 and 229,824 in 2015) held in treasury	(2,085)	(1,917)
Total Shareholders' Deficit	(10,962,780)	(10,606,681)
Total Liabilities and Shareholders' Deficit	12,824,272	13,673,115
Common class A
Common stock issued	31	30
Common class B
Common stock issued	1	1
Common class C
Common stock issued	$ 59	$ 59

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Allowances for receivables	$ 36,556	$ 34,889
Common class A
Class of Stock [Line Items]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	31,528,762	30,295,457
Common class B
Class of Stock [Line Items]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	555,556	555,556
Common class C
Class of Stock [Line Items]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	58,967,502	58,967,502
Treasury stock
Class of Stock [Line Items]
Treasury stock, shares	365,517	229,824

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Statement [Abstract]
Revenue	$ 1,570,418	$ 1,579,514	$ 4,552,455	$ 4,523,937
Operating expenses:
Direct operating expenses (excludes depreciation and amortization)	595,576	627,150	1,781,193	1,820,005
Selling, general and administrative expenses (excludes depreciation and amortization)	421,700	429,426	1,281,849	1,270,869
Corporate expenses (excludes depreciation and amortization)	86,779	74,775	252,308	232,492
Depreciation and amortization	158,453	166,320	476,053	505,167
Impairment charges	8,000	21,631	8,000	21,631
Other operating income (expense), net	(505)	6,914	219,768	98,694
Operating income (loss)	299,405	267,126	972,820	772,467
Interest expense	459,852	453,921	1,389,793	1,348,649
Loss on investments, net	(13,767)	(5,000)	(13,767)	(4,421)
Equity in earnings (loss) of nonconsolidated affiliates	1,117	(857)	(926)	(1,216)
Gain (loss) on extinguishment of debt	157,556	0	157,556	(2,201)
Other income (expense), net	(7,323)	(17,976)	(47,054)	18,126
Loss before income taxes	(22,864)	(210,628)	(321,164)	(565,894)
Income tax expense	(5,613)	(2,841)	(42,243)	(81,523)
Consolidated net loss	(28,477)	(213,469)	(363,407)	(647,417)
Less amount attributable to noncontrolling interest	6,474	8,448	38,953	13,932
Net loss attributable to the Company	(34,951)	(221,917)	(402,360)	(661,349)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	7,356	(22,102)	43,797	(101,983)
Unrealized holding gain (loss) on marketable securities	(290)	(149)	(635)	540
Reclassification adjustments	0	0	32,823	0
Other adjustments to comprehensive income (loss)	193	0	(3,551)	(1,154)
Other comprehensive income (loss)	7,259	(22,251)	72,434	(102,597)
Comprehensive loss	(27,692)	(244,168)	(329,926)	(763,946)
Less amount attributable to noncontrolling interest	1,235	(8,540)	6,365	(19,180)
Comprehensive loss attributable to the Company	$ (28,927)	$ (235,628)	$ (336,291)	$ (744,766)
Net loss attributable to the Company per common share:
Basic (in dollars per share)	$ (0.41)	$ (2.63)	$ (4.76)	$ (7.85)
Weighted average common shares outstanding - Basic	84,650	84,350	84,510	84,236
Diluted (in dollars per share)	$ (0.41)	$ (2.63)	$ (4.76)	$ (7.85)
Weighted average common shares outstanding - Diluted	84,650	84,350	84,510	84,236

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Consolidated net loss	$ (363,407)	$ (647,417)
Reconciling items:
Impairment charges	8,000	21,631
Depreciation and amortization	476,053	505,167
Deferred taxes	(14,097)	15,685
Provision for doubtful accounts	20,042	20,721
Amortization of deferred financing charges and note discounts, net	51,806	47,401
Share-based compensation	10,310	7,918
Gain on disposal of operating and other assets	(227,765)	(108,090)
Loss on investments	13,767	4,421
Equity in loss of nonconsolidated affiliates	926	1,216
(Gain) loss on extinguishment of debt	(157,556)	2,201
Other reconciling items, net	24,407	(18,716)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
(Increase) decrease in accounts receivable	16,909	(93,312)
Increase in prepaid expenses and other current assets	(17,836)	(51,685)
Decrease in accrued expenses	(60,515)	(43,652)
Decrease in accounts payable	(39,660)	(10,955)
Decrease in accrued interest	(92,947)	(62,149)
Increase in deferred income	37,550	36,579
Changes in other operating assets and liabilities	41,435	9,887
Net cash used for operating activities	(272,578)	(363,149)
Cash flows from investing activities:
Purchases of property, plant and equipment	(201,038)	(192,492)
Proceeds from disposal of assets	604,044	405,284
Purchases of other operating assets	(3,464)	(6,358)
Change in other, net	(33,230)	(32,483)
Net cash provided by investing activities	366,312	173,951
Cash flows from financing activities:
Draws on credit facilities	0	310,000
Payments on credit facilities	(1,728)	(123,304)
Proceeds from long-term debt	800	950,000
Payments on long-term debt	(226,640)	(931,372)
Payments to purchase noncontrolling interests	0	(42,798)
Dividends and other payments to noncontrolling interests	(93,371)	(28,088)
Change in other, net	(1,644)	(7,734)
Net cash provided by (used for) financing activities	(322,583)	126,704
Effect of exchange rate changes on cash	(919)	(11,684)
Net decrease in cash and cash equivalents	(229,768)	(74,178)
Cash and cash equivalents at beginning of period	772,678	457,024
Cash and cash equivalents at end of period	542,910	382,846
SUPPLEMENTAL DISCLOSURES:
Cash paid for interest	1,434,482	1,364,055
Cash paid for taxes	$ 39,288	$ 37,299

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Preparation of Interim Financial Statements All references in this Quarterly Report on Form 10-Q to the “Company,” “we,” “us” and “our” refer to iHeartMedia, Inc. and its consolidated subsidiaries. The Company’s reportable segments are iHeartMedia (“iHM”), Americas outdoor advertising (“Americas outdoor” or “Americas outdoor advertising”) and International outdoor advertising (“International outdoor” or “International outdoor advertising”). The accompanying consolidated financial statements were prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and, in the opinion of management, include all normal and recurring adjustments necessary to present fairly the results of the interim periods shown. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted pursuant to such SEC rules and regulations. Management believes that the disclosures made are adequate to make the information presented not misleading. Due to seasonality and other factors, the results for the interim periods may not be indicative of results for the full year. The financial statements contained herein should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s 2015 Annual Report on Form 10-K. Th e consolidated financial statements include the accounts of the Company and its subsidiaries. Also included in the consolidated financial statements are entities for which the Company has a controlling financial interest or is the primary beneficiary. Investments in companies in which the Company owns 20% to 50% of the voting common stock or otherwise exercises significant influence over operating and financial policies of the company are accounted for under the equity method. All significant intercompany transactions are eliminated in the consolidation process. Certain prior-period amounts have been reclassified to conform to the 2016 presentation. During the first quarter of 2016, the Company reevaluated its segment reporting and determined that its iHeartMedia Revenue Platform (iHMRP) business, an information technology group dedicated to system development, implementation and maintenance of the Company’s radio revenue platforms, should be managed by its Corporate leadership team. As a result, the operations of the iHMRP business are no longer reflected within the Other segment and are included in the results of its Corporate segment. Accordingly, the Company has recast the corresponding prior year segment disclosures to reflect the current year presentation. New Accounting Pronouncements During the second quarter of 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements - Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern. This update provides U.S. GAAP guidance on management’s responsibility in evaluating whether there is substantial doubt about a company’s ability to continue as a going concern and about related footnote disclosures. For each reporting period, the Company will be required to evaluate whether there are conditions or events that raise substantial doubt about a company’s ability to continue as a going concern within one year from the date the financial statements are issued. The amendments in this update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements. During the first quarter of 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810), Amendments to the Consolidation Analysis . This new standard eliminates the deferral of FAS 167, which has allowed entities with interest in certain investment funds to follow the previous consolidation guidance in FIN 46(R) and makes other changes to both the variable interest model and the voting model. The standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2015. The adoption of this guidance did not have a material effect on the Company’s consolidated financial statements. During the second quarter of 2015, the FASB issued ASU No. 2015-03, Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs . This update simplifies the presentation of debt issuance costs as a deduction from the carrying value of the outstanding debt balance rather than showing the debt issuance costs as an asset. The standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2015. The retrospective adoption of this guidance resulted in the reclassification of debt issuance costs of $ 148.0 million as of December 31, 2015 , which are now reflected as “Long-term debt fees” in Note 3 . During the third quarter of 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date . This update provides a one-year deferral of the effective date for ASU No. 2014-09, Revenue from Contracts with Customers . ASU No. 2014-09 provides guidance for the recognition, measurement and disclosure of revenue resulting from contracts with customers and will supersede virtually all of the current revenue recognition guidance under U.S. GAAP. The standard is effective for the first interim period within annual reporting periods beginning after December 15, 2017. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements. During the third quarter of 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments . This update eliminates the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. Instead, acquirers must recognize measurement-period adjustments during the period in which they determine the amounts, including the effect on earnings of any amounts they would have recorded in previous periods if the accounting had been completed at the acquisition date. The standard is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The adoption of this guidance did not have a material effect on the Company’s consolidated financial statements. During the first quarter of 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . The new leasing standard presents significant changes to the balance sheets of lessees. Lessor accounting is updated to align with certain changes in the lessee model and the new revenue recognition standard which was issued in the third quarter of 2015. The standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2018. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements. During the second quarter of 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718) . This update changes the accounting for certain aspects of share-based payments to employees. Income tax effects of share-based payment awards will be recognized in the income statement with the vesting or settlement of the awards and the record keeping for additional paid-in capital pools will no longer be necessary. Additionally, companies can make a policy election to either estimate forfeitures or recognize them as they occur. The standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2016. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements. During the second quarter of 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losse s (Topic 326) . The new standard changes the impairment model for most financial assets and certain other instruments. Entities will be required to use a model that will result in the earlier recognition of allowances for losses for trade and other receivables, held-to-maturity debt securities, loans and other instruments. For available-for-sale debt securities with unrealized losses, the losses will be recognized as allowances rather than as reductions in the amortized cost of the securities. For an SEC filer, the standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2019. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements. During the third quarter of 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230) . The new standard addresses the classification of cash flows related to certain cash receipts and cash payments. Additionally, the standard clarifies how the predominance principle should be used when cash receipts and cash payments have aspects of more than one class of cash flows. First, an entity will apply the guidance in Topic 230 and other applicable topics. If there is no guidance for those cash receipts and cash payments, an entity will determine each separately identifiable source or use and classify the receipt or payment based on the nature of the cash flow. If a receipt or payment has aspects of more than one class of cash flows and cannot be separated, the classification will depend on the predominant source of use. The standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2017. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements.

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL	9 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL	PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL Dispositions During the first quarter of 2016, the Company and certain of its subsidiaries completed the final closing for the sale of six of the Company’s broadcast communication tower sites and related assets for approximately $ 5.5 million . Simultaneous with the sale, the Company entered into lease agreements for the continued use of space on all six of the towers sold. The Company realized a net gain of $ 2.7 million , of which $ 1.9 million was deferred and will be recognized over the lease term. During the first quarter of 2016, Americas outdoor sold nine non-strategic outdoor markets including Cleveland and Columbus, Ohio, Des Moines, Iowa, Ft. Smith, Arkansas, Memphis, Tennessee, Portland, Oregon, Reno, Nevada, Seattle, Washington and Wichita, Kansas for net proceeds, which included cash and certain advertising assets in Florida, totaling $ 592.6 million . The Company recognized a net gain of $ 278.3 million related to the sale, which is included within Other operating income (expense), net. During the first quarter of 2016, Americas outdoor also entered into an agreement to sell its Indianapolis, Indiana market in exchange for certain assets in Atlanta, Georgia, plus approximately $ 41.2 million in cash. The transaction is subject to regulatory approval and is expected to close in 2016. This transaction has met the criteria to be classified as held-for-sale and as such, the related assets are separately presented on the face of the Consolidated Balance Sheet. During the second quarter of 2016, International outdoor sold its business in Turkey. As a result, the Company recognized a net loss of $56.6 million , which includes $32.2 million in cumulative translation adjustments that were recognized upon the sale of the Company's subsidiaries in Turkey. On October 24, 2016, the Company sold its International outdoor business in Australia (“Australia Outdoor”), for cash proceeds of $203.9 million . As of September 30, 2016, Australia Outdoor had $48.6 million in current assets, $56.2 million in property, plant & equipment, $5.7 million in other assets, $31.1 million in current liabilities and $9.0 million in long-term liabilities. Australia Outdoor revenue, direct expenses, SG&A expenses and depreciation and amortization for the nine months ended September 30, 2016 were $96.0 million , $56.2 million , $18.5 million and $9.4 million , respectively, and $83.6 million , $51.9 million , $16.1 million and $7.3 million for the nine months ended September 30, 2015 , respectively. Property, Plant and Equipment The Company’s property, plant and equipment consisted of the following classes of assets as of September 30, 2016 and December 31, 2015, respectively: (In thousands) September 30, December 31, Land, buildings and improvements $ 595,511 $ 603,234 Structures 2,755,221 2,824,794 Towers, transmitters and studio equipment 349,260 347,877 Furniture and other equipment 618,302 591,149 Construction in progress 95,684 69,042 4,413,978 4,436,096 Less: accumulated depreciation 2,375,124 2,223,540 Property, plant and equipment, net $ 2,038,854 $ 2,212,556 Indefinite-lived Intangible Assets The Company’s indefinite-lived intangible assets consist of Federal Communications Commission (“FCC”) broadcast licenses in its iHM segment and billboard permits in its Americas outdoor advertising segment. Due to significant differences in both business practices and regulations, billboards in the International outdoor segment are subject to long-term, finite contracts unlike the Company’s permits in the United States and Canada. Accordingly, there are no indefinite-lived intangible assets in the International outdoor segment. Annual Impairment Test on Indefinite-lived Intangible Assets The Company performs its annual impairment test on indefinite-lived intangible assets as of July 1 of each year. The impairment tests for indefinite-lived intangible assets consist of a comparison between the fair value of the indefinite-lived intangible asset at the market level with its carrying amount. If the carrying amount of the indefinite-lived intangible asset exceeds its fair value, an impairment loss is recognized equal to that excess. After an impairment loss is recognized, the adjusted carrying amount of the indefinite-lived asset is its new accounting basis. The fair value of the indefinite-lived asset is determined using the direct valuation method as prescribed in ASC 805-20-S99. Under the direct valuation method, the fair value of the indefinite-lived assets is calculated at the market level as prescribed by ASC 350-30-35. The Company engaged a third-party valuation firm, to assist it in the development of the assumptions and the Company’s determination of the fair value of its indefinite-lived intangible assets. The application of the direct valuation method attempts to isolate the income that is properly attributable to the indefinite-lived intangible asset alone (that is, apart from tangible and identified intangible assets and goodwill). It is based upon modeling a hypothetical “greenfield” build-up to a “normalized” enterprise that, by design, lacks inherent goodwill and whose only other assets have essentially been paid for (or added) as part of the build-up process. The Company forecasts revenue, expenses, and cash flows over a ten-year period for each of its markets in its application of the direct valuation method. The Company also calculates a “normalized” residual year which represents the perpetual cash flows of each market. The residual year cash flow was capitalized to arrive at the terminal value of the licenses in each market. Under the direct valuation method, it is assumed that rather than acquiring indefinite-lived intangible assets as part of a going concern business, the buyer hypothetically develops indefinite-lived intangible assets and builds a new operation with similar attributes from scratch. Thus, the buyer incurs start-up costs during the build-up phase which are normally associated with going concern value. Initial capital costs are deducted from the discounted cash flow model which results in value that is directly attributable to the indefinite-lived intangible assets. The key assumptions using the direct valuation method are market revenue growth rates, market share, profit margin, duration and profile of the build-up period, estimated start-up capital costs and losses incurred during the build-up period, the risk-adjusted discount rate and terminal values. This data is populated using industry normalized information representing an average FCC license or billboard permit within a market. The Company recognized impairment charges related to its indefinite-lived intangible assets of $0.7 million during the three and nine months ended September 30, 2016. The Company recognized impairment charges related to its indefinite-lived intangible assets of $21.6 million during the three and nine months ended September 30, 2015. Other Intangible Assets Other intangible assets include definite-lived intangible assets and permanent easements. The Company’s definite-lived intangible assets primarily include transit and street furniture contracts, talent and representation contracts, customer and advertiser relationships, and site-leases and other contractual rights, all of which are amortized over the shorter of either the respective lives of the agreements or over the period of time the assets are expected to contribute directly or indirectly to the Company’s future cash flows. Permanent easements are indefinite-lived intangible assets which include certain rights to use real property not owned by the Company. The Company periodically reviews the appropriateness of the amortization periods related to its definite-lived intangible assets. These assets are recorded at cost. The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets as of September 30, 2016 and December 31, 2015 , respectively: (In thousands) September 30, 2016 December 31, 2015 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Transit, street furniture and other outdoor $ 589,703 $ (438,087 ) $ 635,772 $ (457,060 ) Customer / advertiser relationships 1,222,518 (982,173 ) 1,222,518 (891,488 ) Talent contracts 319,384 (273,946 ) 319,384 (252,526 ) Representation contracts 253,719 (226,539 ) 239,142 (217,770 ) Permanent easements 157,347 — 156,349 — Other 389,893 (213,077 ) 394,983 (195,644 ) Total $ 2,932,564 $ (2,133,822 ) $ 2,968,148 $ (2,014,488 ) Total amortization expense related to definite-lived intangible assets for the three months ended September 30, 2016 and 2015 was $55.6 million and $57.3 million , respectively. Total amortization expense related to definite-lived intangible assets for the nine months ended September 30, 2016 and 2015 was $167.7 million and $180.9 million , respectively. As acquisitions and dispositions occur in the future, amortization expense may vary. The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets: (In thousands) 2017 $ 200,177 2018 130,076 2019 47,061 2020 39,208 2021 33,805 Goodwill Annual Impairment Test to Goodwill The Company performs its annual impairment test on goodwill as of July 1 of each year. Each of the U.S. radio markets and outdoor advertising markets are components of the Company. The U.S. radio markets are aggregated into a single reporting unit and the U.S. outdoor advertising markets are aggregated into a single reporting unit for purposes of the goodwill impairment test using the guidance in ASC 350-20-55. The Company also determined that each country within its Americas outdoor segment and International outdoor segment constitutes a separate reporting unit. The goodwill impairment test is a two-step process. The first step, used to screen for potential impairment, compares the fair value of the reporting unit with its carrying amount, including goodwill. If applicable, the second step, used to measure the amount of the impairment loss, compares the implied fair value of the reporting unit goodwill with the carrying amount of that goodwill. Each of the Company’s reporting units is valued using a discounted cash flow model which requires estimating future cash flows expected to be generated from the reporting unit and discounting such cash flows to their present value using a risk-adjusted discount rate. Terminal values were also estimated and discounted to their present value. Assessing the recoverability of goodwill requires the Company to make estimates and assumptions about sales, operating margins, growth rates and discount rates based on its budgets, business plans, economic projections, anticipated future cash flows and marketplace data. There are inherent uncertainties related to these factors and management’s judgment in applying these factors. The Company recognized goodwill impairment of $7.3 million during the three and nine months ended September 30, 2016 related to one market in the Company's International outdoor segment and concluded no goodwill impairment charge was required for the three and nine months ended September 30, 2015. The following table presents the changes in the carrying amount of goodwill in each of the Company’s reportable segments: (In thousands) iHM Americas Outdoor Advertising International Outdoor Advertising Other Consolidated Balance as of December 31, 2014 $ 3,288,481 $ 584,574 $ 232,538 $ 81,831 $ 4,187,424 Acquisitions — — 10,998 — 10,998 Foreign currency — (709 ) (19,644 ) — (20,353 ) Assets held for sale — (49,182 ) — — (49,182 ) Balance as of December 31, 2015 $ 3,288,481 $ 534,683 $ 223,892 $ 81,831 $ 4,128,887 Impairment — — (7,274 ) — (7,274 ) Dispositions — (6,934 ) — — (6,934 ) Foreign currency — (1,805 ) 6,413 — 4,608 Assets held for sale — (10,337 ) — — (10,337 ) Balance as of September 30, 2016 $ 3,288,481 $ 515,607 $ 223,031 $ 81,831 $ 4,108,950

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt outstanding as of September 30, 2016 and December 31, 2015 consisted of the following: (In thousands) September 30, December 31, Senior Secured Credit Facilities (1) $ 6,300,000 $ 6,300,000 Receivables Based Credit Facility Due 2017 (2) 230,000 230,000 9.0% Priority Guarantee Notes Due 2019 1,999,815 1,999,815 9.0% Priority Guarantee Notes Due 2021 1,750,000 1,750,000 11.25% Priority Guarantee Notes Due 2021 575,000 575,000 9.0% Priority Guarantee Notes Due 2022 1,000,000 1,000,000 10.625% Priority Guarantee Notes Due 2023 950,000 950,000 Subsidiary Revolving Credit Facility Due 2018 (3) — — Other secured subsidiary debt (4) 24,610 25,228 Total consolidated secured debt 12,829,425 12,830,043 14.0% Senior Notes Due 2021 (5) 1,729,168 1,695,097 Legacy Notes (6) 667,900 667,900 10.0% Senior Notes Due 2018 (7) 347,028 730,000 Subsidiary Senior Notes due 2022 2,725,000 2,725,000 Subsidiary Senior Subordinated Notes due 2020 2,200,000 2,200,000 Clear Channel International B.V. Senior Notes due 2020 225,000 225,000 Other subsidiary debt 28,663 165 Purchase accounting adjustments and original issue discount (176,863 ) (204,611 ) Long-term debt fees (120,918 ) (147,983 ) Total debt 20,454,403 20,720,611 Less: current portion 204,591 181,512 Total long-term debt $ 20,249,812 $ 20,539,099 (1) Term Loan D and Term Loan E mature in 2019. (2) The Receivables Based Credit Facility provides for borrowings up to the lesser of $ 535.0 million (the revolving credit commitment) or the borrowing base, subject to certain limitations contained in iHeartCommunications' material financing agreements. (3) The Subsidiary Revolving Credit Facility provides for borrowings up to $ 75.0 million (the revolving credit commitment). (4) Other secured subsidiary debt matures at various dates from 2016 through 2045. (5) The 14.0% Senior Notes due 2021 are subject to required payments at various dates from 2018 through 2021. 2.0% per annum of the interest is paid through the issuance of payment-in-kind notes in the first and third quarters. (6) iHeartCommunications' Legacy Notes, all of which were issued prior to the acquisition of iHeartCommunications by the Company in 2008, consist of Senior Notes maturing at various dates in 2016, 2018 and 2027. (7) On July 15, 2016, Broader Media, LLC, an indirect wholly-owned subsidiary of the Company, repurchased approximately $383.0 million aggregate principal amount of iHeartCommunications’ 10.0% Senior Notes due 2018 for an aggregate purchase price of approximately $222.2 million . The Company’s weighted average interest rate as of September 30, 2016 and December 31, 2015 was 8.5% . The aggregate market value of the Company’s debt based on market prices for which quotes were available was approximately $ 16.5 billion and $ 15.2 billion as of September 30, 2016 and December 31, 2015 , respectively. Under the fair value hierarchy established by ASC 820-10-35, the market value of the Company’s debt is classified as either Level 1 or Level 2. Surety Bonds, Letters of Credit and Guarantees As of September 30, 2016 , the Company and its subsidiaries had outstanding surety bonds, commercial standby letters of credit and bank guarantees of $ 60.9 million , $ 99.0 million and $ 59.9 million , respectively. Bank guarantees of $ 26.1 million were backed by cash collateral. These surety bonds, letters of credit and bank guarantees relate to various operational matters including insurance, bid, concession and performance bonds as well as other items. Solicitation of Consents for Senior Notes due 2021 On October 4, 2016, iHeartCommunications announced the successful completion of the solicitation of consents (the “Consent Solicitation”) from holders of its outstanding Senior Notes due 2021 (the “2021 Notes”) to an amendment to the indenture governing the 2021 Notes (the “Indenture”) to increase the aggregate principal amount of indebtedness under Credit Facilities (as defined in the Indenture) permitted to be incurred under Section 4.09(b)(1) of the Indenture by $500.0 million to $17.3 billion . iHeartCommunications paid an aggregate consent fee of $8.6 million to holders of the 2021 Notes that consented to the amendment in accordance with the terms of the Consent Solicitation, which will be amortized over the remaining term of the 2021 Notes.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES The Company and its subsidiaries are involved in certain legal proceedings arising in the ordinary course of business and, as required, have accrued an estimate of the probable costs for the resolution of those claims for which the occurrence of loss is probable and the amount can be reasonably estimated. These estimates have been developed in consultation with counsel and are based upon an analysis of potential results, assuming a combination of litigation and settlement strategies. It is possible, however, that future results of operations for any particular period could be materially affected by changes in the Company’s assumptions or the effectiveness of the Company’s strategies related to these proceedings. Additionally, due to the inherent uncertainty of litigation, there can be no assurance that the resolution of any particular claim or proceeding would not have a material adverse effect on the Company’s financial condition or results of operations. Although the Company is involved in a variety of legal proceedings in the ordinary course of business, a large portion of the Company’s litigation arises in the following contexts: commercial disputes; defamation matters; employment and benefits related claims; governmental fines; intellectual property claims; and tax disputes. International Outdoor Investigation On April 21, 2015, inspections were conducted at the premises of Clear Channel in Denmark and Sweden as part of an investigation by Danish competition authorities. Additionally, on the same day, Clear Channel UK received a communication from the UK competition authorities, also in connection with the investigation by Danish competition authorities. Clear Channel and its affiliates are cooperating with the national competition authorities. Stockholder Litigation On May 9, 2016, a stockholder of Clear Channel Outdoor Holdings, Inc. ("CCOH") filed a derivative lawsuit in the Court of Chancery of the State of Delaware, captioned GAMCO Asset Management Inc. v. iHeartMedia Inc. et al., C.A. No. 12312-VCS. The complaint names as defendants the Company, iHeartCommunications, Inc. ("iHeartCommunications"), an indirect subsidiary of the Company, Bain Capital Partners, LLC and Thomas H. Lee Partners, L.P. (together, the "Sponsor Defendants"), the Company's private equity sponsors and majority owners, and the members of CCOH's board of directors. CCOH also is named as a nominal defendant. The complaint alleges that the defendants have breached their fiduciary duties by causing CCOH to: (i) continue to loan cash to iHeartCommunications under the intercompany note at below-market rates; (ii) abandon its growth and acquisition strategies in favor of transactions that would provide cash to the Company and iHeartCommunications; (iii) issue new debt in the CCIBV note offering (the "CCIBV Note Offering") to provide cash to the Company and iHeartCommunications through a dividend; and (iv) effect the sales of certain outdoor markets in the U.S. (the "Outdoor Asset Sales") allegedly to provide cash to the Company and iHeartCommunications through a dividend. The complaint also alleges that the Company, iHeartCommunications and the Sponsor Defendants aided and abetted the directors' breaches of their fiduciary duties. The complaint further alleges that the Company, iHeartCommunications and the Sponsor Defendants were unjustly enriched as a result of these transactions and that these transactions constituted a waste of corporate assets for which the defendants are liable to CCOH. The plaintiff is seeking, among other things, a ruling that the defendants breached their fiduciary duties to CCOH and that the Company, iHeartCommunications and the Sponsor Defendants aided and abetted the CCOH board of directors' breaches of fiduciary duty, rescission of payments made by CCOH to iHeartCommunications and its affiliates pursuant to dividends declared in connection with the CCIBV Note Offering and Outdoor Asset Sales, and an order requiring the Company, iHeartCommunications and the Sponsor Defendants to disgorge all profits they have received as a result of the alleged fiduciary misconduct. On May 26, 2016, the plaintiff filed a motion seeking expedited discovery and an expedited trial on certain counts of its complaint. On June 27, 2016, the court denied the motion for an expedited trial and discovery, and on July 12, 2016, the parties stipulated to a schedule that would allow for a decision on the defendants' forthcoming motion to dismiss by mid-September and a trial, if necessary, beginning February 27, 2017. On July 20, 2016, the defendants filed a motion to dismiss plaintiff's verified stockholder derivative complaint for failure to state a claim upon which relief can be granted. A hearing was held on defendants' motion to dismiss on September 12, 2016. The court has not yet ruled on the motion.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income Tax Expense The Company’s income tax expense for the three and nine months ended September 30, 2016 and 2015 , respectively, consisted of the following components: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Current tax expense $ (9,339 ) $ (2,144 ) $ (56,340 ) $ (65,838 ) Deferred tax benefit (expense) 3,726 (697 ) 14,097 (15,685 ) Income tax expense $ (5,613 ) $ (2,841 ) $ (42,243 ) $ (81,523 ) The effective tax rates for the three and nine months ended September 30, 2016 were (24.5)% and (13.2)% , respectively. The effective tax rates for the three and nine months ended September 30, 2015 were (1.3)% and (14.4)% , respectively. The 2016 and 2015 effective tax rates were primarily impacted by the valuation allowance recorded against deferred tax assets resulting from current period net operating losses in U.S. federal, state and certain foreign jurisdictions due to uncertainty regarding the Company's ability to realize those assets in future periods.

SHAREHOLDERS' DEFICIT

SHAREHOLDERS' DEFICIT	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
SHAREHOLDERS' DEFICIT	SHAREHOLDERS’ DEFICIT The Company reports its noncontrolling interests in consolidated subsidiaries as a component of equity separate from the Company’s equity. The following table shows the changes in shareholders' deficit attributable to the Company and the noncontrolling interests of subsidiaries in which the Company has a majority, but not total, ownership interest: (In thousands) The Company Noncontrolling Interests Consolidated Balance as of January 1, 2016 $ (10,784,296 ) $ 177,615 $ (10,606,681 ) Net income (loss) (402,360 ) 38,953 (363,407 ) Dividends declared and other payments to noncontrolling interests — (74,542 ) (74,542 ) Share-based compensation 2,170 8,140 10,310 Foreign currency translation adjustments 40,914 2,883 43,797 Unrealized holding loss on marketable securities (571 ) (64 ) (635 ) Reclassification adjustments 28,919 3,904 32,823 Other adjustments to comprehensive loss (3,193 ) (358 ) (3,551 ) Other, net (1,389 ) 495 (894 ) Balances as of September 30, 2016 $ (11,119,806 ) $ 157,026 $ (10,962,780 ) (In thousands) The Company Noncontrolling Interests Consolidated Balance as of January 1, 2015 $ (9,889,348 ) $ 224,140 $ (9,665,208 ) Net income (loss) (661,349 ) 13,932 (647,417 ) Dividends declared and other payments to noncontrolling interests — (28,088 ) (28,088 ) Purchase of additional noncontrolling interests (40,820 ) (1,978 ) (42,798 ) Share-based compensation 1,873 6,045 7,918 Foreign currency translation adjustments (82,865 ) (19,118 ) (101,983 ) Unrealized holding gain on marketable securities 484 56 540 Other adjustments to comprehensive loss (1,036 ) (118 ) (1,154 ) Other, net (618 ) 4,772 4,154 Balances as of September 30, 2015 $ (10,673,679 ) $ 199,643 $ (10,474,036 ) The Company has granted restricted stock and CCOH has granted restricted stock, restricted stock units and options to purchase shares of CCOH's Class A common stock to certain key individuals. COMPUTATION OF LOSS PER SHARE (In thousands, except per share data) Three Months Ended Nine Months Ended 2016 2015 2016 2015 NUMERATOR: Net loss attributable to the Company – common shares $ (34,951 ) $ (221,917 ) $ (402,360 ) $ (661,349 ) DENOMINATOR: Weighted average common shares outstanding - basic 84,650 84,350 84,510 84,236 Weighted average common shares outstanding - diluted (1) 84,650 84,350 84,510 84,236 Net loss attributable to the Company per common share: Basic $ (0.41 ) $ (2.63 ) $ (4.76 ) $ (7.85 ) Diluted $ (0.41 ) $ (2.63 ) $ (4.76 ) $ (7.85 ) (1) Outstanding equity awards of 8.0 million and 7.3 million for the three months ended September 30, 2016 and 2015 , respectively, and 8.0 million and 7.3 million for the nine months ended September 30, 2016 and 2015 , respectively, were not included in the computation of diluted earnings per share because to do so would have been antidilutive.

OTHER INFORMATION

OTHER INFORMATION	9 Months Ended
	Sep. 30, 2016
Other Income and Expenses [Abstract]
OTHER INFORMATION	OTHER INFORMATION Other Comprehensive Income (Loss) The total (decrease) increase in deferred income tax liabilities of other adjustments to comprehensive loss for the three months ended September 30, 2016 and 2015 were $0.1 million and $0.0 million , respectively. The total (decrease) increase in deferred income tax liabilities of other adjustments to comprehensive loss for the nine months ended September 30, 2016 and 2015 were $(0.7) million and $(0.6) million , respectively. Barter and Trade Barter and trade revenues and expenses are included in consolidated revenue and selling, general and administrative expenses, respectively. Barter and trade revenues were $30.2 million and $30.4 million for the three months ended September 30, 2016 and 2015 , respectively, and $105.7 million and $88.1 million for the nine months ended September 30, 2016 and 2015 , respectively. Barter and trade expenses were $22.5 million and $30.6 million for the three months ended September 30, 2016 and 2015 , respectively, and $80.0 million and $84.9 million for the nine months ended September 30, 2016 and 2015 , respectively. Barter and trade revenues include $5.4 million and $22.1 million of revenue recognized in connection with advertising provided in the three and nine months ended September 30, 2016 , respectively, in exchange for investments in certain non-public companies. There is no offsetting barter expense associated with these non-cash transactions. Investments During the third quarter of 2016 the Company determined that one of its cost-method investments had declined in value. Such decline in value was considered to be other than temporary, and the Company recorded a loss on investments of $14.5 million to state the investment at its estimated fair value.

SEGMENT DATA

SEGMENT DATA	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
SEGMENT DATA	SEGMENT DATA The Company’s reportable segments, which it believes best reflect how the Company is currently managed, are iHM, Americas outdoor advertising and International outdoor advertising. Revenue and expenses earned and charged between segments are recorded at estimated fair value and eliminated in consolidation. The iHM segment provides media and entertainment services via broadcast and digital delivery and also includes the Company’s events and national syndication businesses. The Americas outdoor advertising segment consists of operations primarily in the United States, Canada and Latin America. The International outdoor advertising segment primarily includes operations in Europe, Asia and Australia. The Other category includes the Company’s media representation business as well as other general support services and initiatives that are ancillary to the Company’s other businesses. Corporate includes infrastructure and support, including information technology, human resources, legal, finance and administrative functions for each of the Company’s reportable segments, as well as overall executive, administrative and support functions. Share-based payments are recorded in corporate expense. During the first quarter of 2016, the Company revised its segment reporting as discussed in Note 1. The following table presents the Company's reportable segment results for the three and nine months ended September 30, 2016 and 2015 : (In thousands) iHM Americas Outdoor International Outdoor Other Corporate and other reconciling items Eliminations Consolidated Three Months Ended September 30, 2016 Revenue $ 857,099 $ 322,997 $ 350,060 $ 41,414 $ — $ (1,152 ) $ 1,570,418 Direct operating expenses 229,668 142,989 223,097 (178 ) — — 595,576 Selling, general and administrative expenses 268,612 54,500 71,664 27,466 — (542 ) 421,700 Corporate expenses — — — — 87,389 (610 ) 86,779 Depreciation and amortization 60,691 47,242 37,018 4,483 9,019 — 158,453 Impairment charges — — — — 8,000 — 8,000 Other operating expense, net — — — — (505 ) — (505 ) Operating income (loss) $ 298,128 $ 78,266 $ 18,281 $ 9,643 $ (104,913 ) $ — $ 299,405 Intersegment revenues $ — $ 1,152 $ — $ — $ — $ — $ 1,152 Capital expenditures $ 23,238 $ 19,114 $ 30,803 $ 582 $ 3,596 $ — $ 77,333 Share-based compensation expense $ — $ — $ — $ — $ 3,431 $ — $ 3,431 Three Months Ended September 30, 2015 Revenue $ 846,865 $ 347,336 $ 348,941 $ 36,719 $ — $ (347 ) $ 1,579,514 Direct operating expenses 253,848 149,072 223,644 586 — — 627,150 Selling, general and administrative expenses 272,065 59,539 73,020 25,149 — (347 ) 429,426 Corporate expenses — — — — 74,775 — 74,775 Depreciation and amortization 59,402 50,121 41,564 4,370 10,863 — 166,320 Impairment charges — — — — 21,631 — 21,631 Other operating income, net — — — — 6,914 — 6,914 Operating income (loss) $ 261,550 $ 88,604 $ 10,713 $ 6,614 $ (100,355 ) $ — $ 267,126 Intersegment revenues $ — $ 347 $ — $ — $ — $ — $ 347 Capital expenditures $ 14,426 $ 18,557 $ 28,665 $ 551 $ 5,416 $ — $ 67,615 Share-based compensation expense $ — $ — $ — $ — $ 2,991 $ — $ 2,991 (In thousands) iHM Americas Outdoor International Outdoor Other Corporate and other reconciling items Eliminations Consolidated Nine Months Ended September 30, 2016 Revenue $ 2,463,899 $ 931,058 $ 1,044,866 $ 114,663 $ — $ (2,031 ) $ 4,552,455 Direct operating expenses 704,097 421,039 654,802 1,255 — — 1,781,193 Selling, general and administrative expenses 812,344 167,660 220,872 82,394 — (1,421 ) 1,281,849 Corporate expenses — — — — 252,918 (610 ) 252,308 Depreciation and amortization 182,506 140,883 113,075 12,809 26,780 — 476,053 Impairment charges — — — — 8,000 — 8,000 Other operating income, net — — — — 219,768 — 219,768 Operating income (loss) $ 764,952 $ 201,476 $ 56,117 $ 18,205 $ (67,930 ) $ — $ 972,820 Intersegment revenues $ — $ 2,031 $ — $ — $ — $ — $ 2,031 Capital expenditures $ 46,303 $ 47,808 $ 97,487 $ 1,758 $ 7,682 $ — $ 201,038 Share-based compensation expense $ — $ — $ — $ — $ 10,310 $ — $ 10,310 Nine Months Ended September 30, 2015 Revenue $ 2,385,367 $ 984,485 $ 1,049,654 $ 106,941 $ — $ (2,510 ) $ 4,523,937 Direct operating expenses 709,503 445,018 663,011 2,473 — — 1,820,005 Selling, general and administrative expenses 799,370 172,522 219,689 81,798 — (2,510 ) 1,270,869 Corporate expenses — — — — 232,492 — 232,492 Depreciation and amortization 179,703 151,574 124,961 16,842 32,087 — 505,167 Impairment charges — — — — 21,631 — 21,631 Other operating income, net — — — — 98,694 — 98,694 Operating income (loss) $ 696,791 $ 215,371 $ 41,993 $ 5,828 $ (187,516 ) $ — $ 772,467 Intersegment revenues $ — $ 2,510 $ — $ — $ — $ — $ 2,510 Capital expenditures $ 44,106 $ 50,916 $ 85,522 $ 1,346 $ 10,602 $ — $ 192,492 Share-based compensation expense $ — $ — $ — $ — $ 7,918 $ — $ 7,918

CERTAIN RELATIONSHIPS AND RELAT

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS	CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS The Company is a party to a management agreement with certain affiliates of the Sponsors and certain other parties pursuant to which such affiliates of the Sponsors will provide management and financial advisory services until 2018. These agreements require management fees to be paid to such affiliates of the Sponsors for such services at a rate not greater than $ 15.0 million per year, plus reimbursable expenses. For the three months ended September 30, 2016 and 2015 , the Company recognized management fees and reimbursable expenses of $3.9 million and $3.9 million , respectively. For the nine months ended September 30, 2016 and 2015 , the Company recognized management fees and reimbursable expenses of $11.5 million and $11.7 million , respectively. On July 15, 2016, Broader Media, LLC, an indirect wholly-owned subsidiary of the Company (“Broader Media”), repurchased from unaffiliated third parties approximately $285.0 million aggregate principal amount of iHeartCommunications’ 10.0% Senior Notes due 2018 (the “2018 Notes”) for an aggregate purchase price of approximately $165.3 million (the “Third Party Transaction”). On the same day, Broader Media repurchased an additional $98.0 million aggregate principal amount of the 2018 Notes from investment firms affiliated with David C. Abrams, a member of our Board of Directors for an aggregate purchase price of approximately $56.9 million (the “Abrams Transaction”). The Abrams Transaction was made at the same price and on terms substantially similar to those of the Third Party Transaction. In accordance with our related party transaction policy, the Abrams Transaction was approved by a majority of the disinterested directors on our Board. As a result of the Third Party Transaction and the Abrams Transaction, the Company recognized a gain on extinguishment of debt of $157.6 million .

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Principles of Consolidation	The accompanying consolidated financial statements were prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and, in the opinion of management, include all normal and recurring adjustments necessary to present fairly the results of the interim periods shown. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted pursuant to such SEC rules and regulations. Management believes that the disclosures made are adequate to make the information presented not misleading. Due to seasonality and other factors, the results for the interim periods may not be indicative of results for the full year. The financial statements contained herein should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s 2015 Annual Report on Form 10-K. Th e consolidated financial statements include the accounts of the Company and its subsidiaries. Also included in the consolidated financial statements are entities for which the Company has a controlling financial interest or is the primary beneficiary. Investments in companies in which the Company owns 20% to 50% of the voting common stock or otherwise exercises significant influence over operating and financial policies of the company are accounted for under the equity method. All significant intercompany transactions are eliminated in the consolidation process. Certain prior-period amounts have been reclassified to conform to the 2016 presentation.
New Accounting Pronouncements	New Accounting Pronouncements During the second quarter of 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements - Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern. This update provides U.S. GAAP guidance on management’s responsibility in evaluating whether there is substantial doubt about a company’s ability to continue as a going concern and about related footnote disclosures. For each reporting period, the Company will be required to evaluate whether there are conditions or events that raise substantial doubt about a company’s ability to continue as a going concern within one year from the date the financial statements are issued. The amendments in this update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements. During the first quarter of 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810), Amendments to the Consolidation Analysis . This new standard eliminates the deferral of FAS 167, which has allowed entities with interest in certain investment funds to follow the previous consolidation guidance in FIN 46(R) and makes other changes to both the variable interest model and the voting model. The standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2015. The adoption of this guidance did not have a material effect on the Company’s consolidated financial statements. During the second quarter of 2015, the FASB issued ASU No. 2015-03, Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs . This update simplifies the presentation of debt issuance costs as a deduction from the carrying value of the outstanding debt balance rather than showing the debt issuance costs as an asset. The standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2015. The retrospective adoption of this guidance resulted in the reclassification of debt issuance costs of $ 148.0 million as of December 31, 2015 , which are now reflected as “Long-term debt fees” in Note 3 . During the third quarter of 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date . This update provides a one-year deferral of the effective date for ASU No. 2014-09, Revenue from Contracts with Customers . ASU No. 2014-09 provides guidance for the recognition, measurement and disclosure of revenue resulting from contracts with customers and will supersede virtually all of the current revenue recognition guidance under U.S. GAAP. The standard is effective for the first interim period within annual reporting periods beginning after December 15, 2017. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements. During the third quarter of 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments . This update eliminates the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. Instead, acquirers must recognize measurement-period adjustments during the period in which they determine the amounts, including the effect on earnings of any amounts they would have recorded in previous periods if the accounting had been completed at the acquisition date. The standard is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The adoption of this guidance did not have a material effect on the Company’s consolidated financial statements. During the first quarter of 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . The new leasing standard presents significant changes to the balance sheets of lessees. Lessor accounting is updated to align with certain changes in the lessee model and the new revenue recognition standard which was issued in the third quarter of 2015. The standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2018. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements. During the second quarter of 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718) . This update changes the accounting for certain aspects of share-based payments to employees. Income tax effects of share-based payment awards will be recognized in the income statement with the vesting or settlement of the awards and the record keeping for additional paid-in capital pools will no longer be necessary. Additionally, companies can make a policy election to either estimate forfeitures or recognize them as they occur. The standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2016. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements. During the second quarter of 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losse s (Topic 326) . The new standard changes the impairment model for most financial assets and certain other instruments. Entities will be required to use a model that will result in the earlier recognition of allowances for losses for trade and other receivables, held-to-maturity debt securities, loans and other instruments. For available-for-sale debt securities with unrealized losses, the losses will be recognized as allowances rather than as reductions in the amortized cost of the securities. For an SEC filer, the standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2019. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements. During the third quarter of 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230) . The new standard addresses the classification of cash flows related to certain cash receipts and cash payments. Additionally, the standard clarifies how the predominance principle should be used when cash receipts and cash payments have aspects of more than one class of cash flows. First, an entity will apply the guidance in Topic 230 and other applicable topics. If there is no guidance for those cash receipts and cash payments, an entity will determine each separately identifiable source or use and classify the receipt or payment based on the nature of the cash flow. If a receipt or payment has aspects of more than one class of cash flows and cannot be separated, the classification will depend on the predominant source of use. The standard is effective for annual periods, and for interim periods within those annual periods, beginning after December 15, 2017. The Company is currently evaluating the impact of the provisions of this new standard on its consolidated financial statements.

PROPERTY, PLANT AND EQUIPMENT16

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL (Tables)	9 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	The Company’s property, plant and equipment consisted of the following classes of assets as of September 30, 2016 and December 31, 2015, respectively: (In thousands) September 30, December 31, Land, buildings and improvements $ 595,511 $ 603,234 Structures 2,755,221 2,824,794 Towers, transmitters and studio equipment 349,260 347,877 Furniture and other equipment 618,302 591,149 Construction in progress 95,684 69,042 4,413,978 4,436,096 Less: accumulated depreciation 2,375,124 2,223,540 Property, plant and equipment, net $ 2,038,854 $ 2,212,556
Schedule Of Other Intangible Assets	The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets as of September 30, 2016 and December 31, 2015 , respectively: (In thousands) September 30, 2016 December 31, 2015 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Transit, street furniture and other outdoor $ 589,703 $ (438,087 ) $ 635,772 $ (457,060 ) Customer / advertiser relationships 1,222,518 (982,173 ) 1,222,518 (891,488 ) Talent contracts 319,384 (273,946 ) 319,384 (252,526 ) Representation contracts 253,719 (226,539 ) 239,142 (217,770 ) Permanent easements 157,347 — 156,349 — Other 389,893 (213,077 ) 394,983 (195,644 ) Total $ 2,932,564 $ (2,133,822 ) $ 2,968,148 $ (2,014,488 )
Schedule Of Future Amortization Expenses	The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets: (In thousands) 2017 $ 200,177 2018 130,076 2019 47,061 2020 39,208 2021 33,805
Schedule Of Changes In Carrying Amount Of Goodwill	The following table presents the changes in the carrying amount of goodwill in each of the Company’s reportable segments: (In thousands) iHM Americas Outdoor Advertising International Outdoor Advertising Other Consolidated Balance as of December 31, 2014 $ 3,288,481 $ 584,574 $ 232,538 $ 81,831 $ 4,187,424 Acquisitions — — 10,998 — 10,998 Foreign currency — (709 ) (19,644 ) — (20,353 ) Assets held for sale — (49,182 ) — — (49,182 ) Balance as of December 31, 2015 $ 3,288,481 $ 534,683 $ 223,892 $ 81,831 $ 4,128,887 Impairment — — (7,274 ) — (7,274 ) Dispositions — (6,934 ) — — (6,934 ) Foreign currency — (1,805 ) 6,413 — 4,608 Assets held for sale — (10,337 ) — — (10,337 ) Balance as of September 30, 2016 $ 3,288,481 $ 515,607 $ 223,031 $ 81,831 $ 4,108,950

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt outstanding as of September 30, 2016 and December 31, 2015 consisted of the following: (In thousands) September 30, December 31, Senior Secured Credit Facilities (1) $ 6,300,000 $ 6,300,000 Receivables Based Credit Facility Due 2017 (2) 230,000 230,000 9.0% Priority Guarantee Notes Due 2019 1,999,815 1,999,815 9.0% Priority Guarantee Notes Due 2021 1,750,000 1,750,000 11.25% Priority Guarantee Notes Due 2021 575,000 575,000 9.0% Priority Guarantee Notes Due 2022 1,000,000 1,000,000 10.625% Priority Guarantee Notes Due 2023 950,000 950,000 Subsidiary Revolving Credit Facility Due 2018 (3) — — Other secured subsidiary debt (4) 24,610 25,228 Total consolidated secured debt 12,829,425 12,830,043 14.0% Senior Notes Due 2021 (5) 1,729,168 1,695,097 Legacy Notes (6) 667,900 667,900 10.0% Senior Notes Due 2018 (7) 347,028 730,000 Subsidiary Senior Notes due 2022 2,725,000 2,725,000 Subsidiary Senior Subordinated Notes due 2020 2,200,000 2,200,000 Clear Channel International B.V. Senior Notes due 2020 225,000 225,000 Other subsidiary debt 28,663 165 Purchase accounting adjustments and original issue discount (176,863 ) (204,611 ) Long-term debt fees (120,918 ) (147,983 ) Total debt 20,454,403 20,720,611 Less: current portion 204,591 181,512 Total long-term debt $ 20,249,812 $ 20,539,099 (1) Term Loan D and Term Loan E mature in 2019. (2) The Receivables Based Credit Facility provides for borrowings up to the lesser of $ 535.0 million (the revolving credit commitment) or the borrowing base, subject to certain limitations contained in iHeartCommunications' material financing agreements. (3) The Subsidiary Revolving Credit Facility provides for borrowings up to $ 75.0 million (the revolving credit commitment). (4) Other secured subsidiary debt matures at various dates from 2016 through 2045. (5) The 14.0% Senior Notes due 2021 are subject to required payments at various dates from 2018 through 2021. 2.0% per annum of the interest is paid through the issuance of payment-in-kind notes in the first and third quarters. (6) iHeartCommunications' Legacy Notes, all of which were issued prior to the acquisition of iHeartCommunications by the Company in 2008, consist of Senior Notes maturing at various dates in 2016, 2018 and 2027. (7) On July 15, 2016, Broader Media, LLC, an indirect wholly-owned subsidiary of the Company, repurchased approximately $383.0 million aggregate principal amount of iHeartCommunications’ 10.0% Senior Notes due 2018 for an aggregate purchase price of approximately $222.2 million .

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense	The Company’s income tax expense for the three and nine months ended September 30, 2016 and 2015 , respectively, consisted of the following components: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Current tax expense $ (9,339 ) $ (2,144 ) $ (56,340 ) $ (65,838 ) Deferred tax benefit (expense) 3,726 (697 ) 14,097 (15,685 ) Income tax expense $ (5,613 ) $ (2,841 ) $ (42,243 ) $ (81,523 )

SHAREHOLDERS' DEFICIT (Tables)

SHAREHOLDERS' DEFICIT (Tables)	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Schedule of Changes in Shareholders' Deficit	The following table shows the changes in shareholders' deficit attributable to the Company and the noncontrolling interests of subsidiaries in which the Company has a majority, but not total, ownership interest: (In thousands) The Company Noncontrolling Interests Consolidated Balance as of January 1, 2016 $ (10,784,296 ) $ 177,615 $ (10,606,681 ) Net income (loss) (402,360 ) 38,953 (363,407 ) Dividends declared and other payments to noncontrolling interests — (74,542 ) (74,542 ) Share-based compensation 2,170 8,140 10,310 Foreign currency translation adjustments 40,914 2,883 43,797 Unrealized holding loss on marketable securities (571 ) (64 ) (635 ) Reclassification adjustments 28,919 3,904 32,823 Other adjustments to comprehensive loss (3,193 ) (358 ) (3,551 ) Other, net (1,389 ) 495 (894 ) Balances as of September 30, 2016 $ (11,119,806 ) $ 157,026 $ (10,962,780 ) (In thousands) The Company Noncontrolling Interests Consolidated Balance as of January 1, 2015 $ (9,889,348 ) $ 224,140 $ (9,665,208 ) Net income (loss) (661,349 ) 13,932 (647,417 ) Dividends declared and other payments to noncontrolling interests — (28,088 ) (28,088 ) Purchase of additional noncontrolling interests (40,820 ) (1,978 ) (42,798 ) Share-based compensation 1,873 6,045 7,918 Foreign currency translation adjustments (82,865 ) (19,118 ) (101,983 ) Unrealized holding gain on marketable securities 484 56 540 Other adjustments to comprehensive loss (1,036 ) (118 ) (1,154 ) Other, net (618 ) 4,772 4,154 Balances as of September 30, 2015 $ (10,673,679 ) $ 199,643 $ (10,474,036 )
COMPUTATION OF LOSS PER SHARE	COMPUTATION OF LOSS PER SHARE (In thousands, except per share data) Three Months Ended Nine Months Ended 2016 2015 2016 2015 NUMERATOR: Net loss attributable to the Company – common shares $ (34,951 ) $ (221,917 ) $ (402,360 ) $ (661,349 ) DENOMINATOR: Weighted average common shares outstanding - basic 84,650 84,350 84,510 84,236 Weighted average common shares outstanding - diluted (1) 84,650 84,350 84,510 84,236 Net loss attributable to the Company per common share: Basic $ (0.41 ) $ (2.63 ) $ (4.76 ) $ (7.85 ) Diluted $ (0.41 ) $ (2.63 ) $ (4.76 ) $ (7.85 ) (1) Outstanding equity awards of 8.0 million and 7.3 million for the three months ended September 30, 2016 and 2015 , respectively, and 8.0 million and 7.3 million for the nine months ended September 30, 2016 and 2015 , respectively, were not included in the computation of diluted earnings per share because to do so would have been antidilutive.

SEGMENT DATA (Tables)

SEGMENT DATA (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Schedule of Reportable Segment Results	The following table presents the Company's reportable segment results for the three and nine months ended September 30, 2016 and 2015 : (In thousands) iHM Americas Outdoor International Outdoor Other Corporate and other reconciling items Eliminations Consolidated Three Months Ended September 30, 2016 Revenue $ 857,099 $ 322,997 $ 350,060 $ 41,414 $ — $ (1,152 ) $ 1,570,418 Direct operating expenses 229,668 142,989 223,097 (178 ) — — 595,576 Selling, general and administrative expenses 268,612 54,500 71,664 27,466 — (542 ) 421,700 Corporate expenses — — — — 87,389 (610 ) 86,779 Depreciation and amortization 60,691 47,242 37,018 4,483 9,019 — 158,453 Impairment charges — — — — 8,000 — 8,000 Other operating expense, net — — — — (505 ) — (505 ) Operating income (loss) $ 298,128 $ 78,266 $ 18,281 $ 9,643 $ (104,913 ) $ — $ 299,405 Intersegment revenues $ — $ 1,152 $ — $ — $ — $ — $ 1,152 Capital expenditures $ 23,238 $ 19,114 $ 30,803 $ 582 $ 3,596 $ — $ 77,333 Share-based compensation expense $ — $ — $ — $ — $ 3,431 $ — $ 3,431 Three Months Ended September 30, 2015 Revenue $ 846,865 $ 347,336 $ 348,941 $ 36,719 $ — $ (347 ) $ 1,579,514 Direct operating expenses 253,848 149,072 223,644 586 — — 627,150 Selling, general and administrative expenses 272,065 59,539 73,020 25,149 — (347 ) 429,426 Corporate expenses — — — — 74,775 — 74,775 Depreciation and amortization 59,402 50,121 41,564 4,370 10,863 — 166,320 Impairment charges — — — — 21,631 — 21,631 Other operating income, net — — — — 6,914 — 6,914 Operating income (loss) $ 261,550 $ 88,604 $ 10,713 $ 6,614 $ (100,355 ) $ — $ 267,126 Intersegment revenues $ — $ 347 $ — $ — $ — $ — $ 347 Capital expenditures $ 14,426 $ 18,557 $ 28,665 $ 551 $ 5,416 $ — $ 67,615 Share-based compensation expense $ — $ — $ — $ — $ 2,991 $ — $ 2,991 (In thousands) iHM Americas Outdoor International Outdoor Other Corporate and other reconciling items Eliminations Consolidated Nine Months Ended September 30, 2016 Revenue $ 2,463,899 $ 931,058 $ 1,044,866 $ 114,663 $ — $ (2,031 ) $ 4,552,455 Direct operating expenses 704,097 421,039 654,802 1,255 — — 1,781,193 Selling, general and administrative expenses 812,344 167,660 220,872 82,394 — (1,421 ) 1,281,849 Corporate expenses — — — — 252,918 (610 ) 252,308 Depreciation and amortization 182,506 140,883 113,075 12,809 26,780 — 476,053 Impairment charges — — — — 8,000 — 8,000 Other operating income, net — — — — 219,768 — 219,768 Operating income (loss) $ 764,952 $ 201,476 $ 56,117 $ 18,205 $ (67,930 ) $ — $ 972,820 Intersegment revenues $ — $ 2,031 $ — $ — $ — $ — $ 2,031 Capital expenditures $ 46,303 $ 47,808 $ 97,487 $ 1,758 $ 7,682 $ — $ 201,038 Share-based compensation expense $ — $ — $ — $ — $ 10,310 $ — $ 10,310 Nine Months Ended September 30, 2015 Revenue $ 2,385,367 $ 984,485 $ 1,049,654 $ 106,941 $ — $ (2,510 ) $ 4,523,937 Direct operating expenses 709,503 445,018 663,011 2,473 — — 1,820,005 Selling, general and administrative expenses 799,370 172,522 219,689 81,798 — (2,510 ) 1,270,869 Corporate expenses — — — — 232,492 — 232,492 Depreciation and amortization 179,703 151,574 124,961 16,842 32,087 — 505,167 Impairment charges — — — — 21,631 — 21,631 Other operating income, net — — — — 98,694 — 98,694 Operating income (loss) $ 696,791 $ 215,371 $ 41,993 $ 5,828 $ (187,516 ) $ — $ 772,467 Intersegment revenues $ — $ 2,510 $ — $ — $ — $ — $ 2,510 Capital expenditures $ 44,106 $ 50,916 $ 85,522 $ 1,346 $ 10,602 $ — $ 192,492 Share-based compensation expense $ — $ — $ — $ — $ 7,918 $ — $ 7,918

BASIS OF PRESENTATION (Detail)

BASIS OF PRESENTATION (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification of debt issuance costs	$ 120,918	$ 147,983
Accounting standards update 2015-03 | Long-term debt
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification of debt issuance costs		148,000
Accounting standards update 2015-03 | Other noncurrent assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification of debt issuance costs		$ (148,000)

PROPERTY, PLANT AND EQUIPMENT22

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Narrative (Detail) $ in Thousands	Oct. 24, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)stationmarket	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Disposal Groups, Including Discontinued Operations [Line Items]
Assets held for sale		$ 55,184				$ 55,184		$ 295,075
Impairment charges related to indefinite-lived intangible assets		700			$ 21,600	700	$ 21,600
Amortization expense		55,600			$ 57,300	167,700	180,900
Goodwill impairment								$ 7,274
Disposed of by sale | Broadcast communication tower sites and related assets
Disposal Groups, Including Discontinued Operations [Line Items]
Number of radio stations sold | station				6
Disposal proceeds				$ 5,500
Gain (loss) on disposal				2,700
Deferred portion of gain on asset disposal				1,900
Disposed of by sale | Non-strategic outdoor markets
Disposal Groups, Including Discontinued Operations [Line Items]
Disposal proceeds				592,600
Gain (loss) on disposal				$ 278,300
Number of markets sold | market				9
Disposed of by sale | International Outdoor, Turkey
Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on disposal			$ (56,600)
Foreign currency translation adjustments			$ 32,200
Disposed of by sale | Australia Outdoor
Disposal Groups, Including Discontinued Operations [Line Items]
Assets held for sale		48,600				48,600
Property, plant and equipment		56,200				56,200
Other assets		5,700				5,700
Current liabilities		31,100				31,100
Long-term liabilities		9,000				9,000
Revenue						96,000	83,600
Direct expenses						56,200	51,900
SG&A						18,500	16,100
Depreciation and amortization						9,400	$ 7,300
Held-for-sale | Outdoor market Indianapolis
Disposal Groups, Including Discontinued Operations [Line Items]
Disposal proceeds				$ 41,200
International Outdoor
Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill impairment		$ 7,300				$ 7,300
Subsequent Event | Disposed of by sale | Australia Outdoor
Disposal Groups, Including Discontinued Operations [Line Items]
Cash proceeds from sale of ownership interest	$ 203,900

PROPERTY, PLANT AND EQUIPMENT23

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule Of Property, Plant And Equipment (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 4,413,978	$ 4,436,096
Less: accumulated depreciation	2,375,124	2,223,540
Property, plant and equipment, net	2,038,854	2,212,556
Land, buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment	595,511	603,234
Structures
Property, Plant and Equipment [Line Items]
Property, plant and equipment	2,755,221	2,824,794
Towers, transmitters and studio equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment	349,260	347,877
Furniture and other equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment	618,302	591,149
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 95,684	$ 69,042

PROPERTY, PLANT AND EQUIPMENT24

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule Of Definite-Lived Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,932,564	$ 2,968,148
Accumulated Amortization	(2,133,822)	(2,014,488)
Transit, street furniture and other outdoor contractual rights
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	589,703	635,772
Accumulated Amortization	(438,087)	(457,060)
Customer / advertiser relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,222,518	1,222,518
Accumulated Amortization	(982,173)	(891,488)
Talent contracts
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	319,384	319,384
Accumulated Amortization	(273,946)	(252,526)
Representation contracts
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	253,719	239,142
Accumulated Amortization	(226,539)	(217,770)
Permanent easements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	157,347	156,349
Accumulated Amortization	0	0
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	389,893	394,983
Accumulated Amortization	$ (213,077)	$ (195,644)

PROPERTY, PLANT AND EQUIPMENT25

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule Of Future Amortization Expenses (Detail) $ in Thousands	Sep. 30, 2016USD ($)
Property, Plant and Equipment [Abstract]
2,017	$ 200,177
2,018	130,076
2,019	47,061
2,020	39,208
2,021	$ 33,805

PROPERTY, PLANT AND EQUIPMENT26

PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE ASSETS AND GOODWILL - Schedule Of Changes In Carrying Amount Of Goodwill (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Dec. 31, 2015
Goodwill [Roll Forward]
Beginning balance		$ 4,128,887	$ 4,187,424
Acquisitions			10,998
Impairment			(7,274)
Foreign currency		4,608	(20,353)
Ending balance	$ 4,108,950	4,108,950	4,128,887
International Outdoor Advertising
Goodwill [Roll Forward]
Impairment	(7,300)	(7,300)
Other
Goodwill [Roll Forward]
Beginning balance		81,831	81,831
Acquisitions			0
Impairment			0
Foreign currency		0	0
Ending balance	81,831	81,831	81,831
Operating segments | iHM
Goodwill [Roll Forward]
Beginning balance		3,288,481	3,288,481
Acquisitions			0
Impairment			0
Foreign currency		0	0
Ending balance	3,288,481	3,288,481	3,288,481
Operating segments | Americas Outdoor Advertising
Goodwill [Roll Forward]
Beginning balance		534,683	584,574
Acquisitions			0
Impairment			0
Foreign currency		(1,805)	(709)
Ending balance	515,607	515,607	534,683
Operating segments | International Outdoor Advertising
Goodwill [Roll Forward]
Beginning balance		223,892	232,538
Acquisitions			10,998
Impairment			(7,274)
Foreign currency		6,413	(19,644)
Ending balance	$ 223,031	223,031	223,892
Assets held for sale
Goodwill [Roll Forward]
Dispositions and assets held for sale		(10,337)	(49,182)
Assets held for sale | Other
Goodwill [Roll Forward]
Dispositions and assets held for sale		0	0
Assets held for sale | Operating segments | iHM
Goodwill [Roll Forward]
Dispositions and assets held for sale		0	0
Assets held for sale | Operating segments | Americas Outdoor Advertising
Goodwill [Roll Forward]
Dispositions and assets held for sale		(10,337)	(49,182)
Assets held for sale | Operating segments | International Outdoor Advertising
Goodwill [Roll Forward]
Dispositions and assets held for sale		0	$ 0
Dispositions
Goodwill [Roll Forward]
Dispositions and assets held for sale		(6,934)
Dispositions | Other
Goodwill [Roll Forward]
Dispositions and assets held for sale		0
Dispositions | Operating segments | iHM
Goodwill [Roll Forward]
Dispositions and assets held for sale		0
Dispositions | Operating segments | Americas Outdoor Advertising
Goodwill [Roll Forward]
Dispositions and assets held for sale		(6,934)
Dispositions | Operating segments | International Outdoor Advertising
Goodwill [Roll Forward]
Dispositions and assets held for sale		$ 0

LONG-TERM DEBT - Schedule Of Lo

LONG-TERM DEBT - Schedule Of Long-Term Debt (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2016	Jul. 15, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total consolidated secured debt	$ 12,829,425,000		$ 12,830,043,000
Long-term debt fees	(120,918,000)		(147,983,000)
Total debt	20,454,403,000		20,720,611,000
Less: current portion	204,591,000		181,512,000
Total long-term debt	20,249,812,000		20,539,099,000
Senior Secured Credit Facilities
Debt Instrument [Line Items]
Total consolidated secured debt	6,300,000,000		6,300,000,000
Receivables Based Credit Facility Due 2017
Debt Instrument [Line Items]
Total consolidated secured debt	230,000,000		230,000,000
Maximum borrowings provided under credit facility	535,000,000
9.0% Priority Guarantee Notes Due 2019
Debt Instrument [Line Items]
Total consolidated secured debt	$ 1,999,815,000		1,999,815,000
Stated interest rate	9.00%
9.0% Priority Guarantee Notes Due 2021
Debt Instrument [Line Items]
Total consolidated secured debt	$ 1,750,000,000		1,750,000,000
Stated interest rate	9.00%
11.25% Priority Guarantee Notes Due 2021
Debt Instrument [Line Items]
Total consolidated secured debt	$ 575,000,000		575,000,000
Stated interest rate	11.25%
9.0% Priority Guarantee Notes Due 2022
Debt Instrument [Line Items]
Total consolidated secured debt	$ 1,000,000,000		1,000,000,000
Stated interest rate	9.00%
10.625% Priority Guarantee Notes Due 2023
Debt Instrument [Line Items]
Total consolidated secured debt	$ 950,000,000		950,000,000
Stated interest rate	10.625%
Subsidiary Revolving Credit Facility Due 2018
Debt Instrument [Line Items]
Total consolidated secured debt	$ 0		0
Subsidiary Revolving Credit Facility Due 2018 | Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowings provided under credit facility	75,000,000
Other secured subsidiary debt
Debt Instrument [Line Items]
Total consolidated secured debt	24,610,000		25,228,000
14.0% Senior Notes Due 2021
Debt Instrument [Line Items]
Total debt	$ 1,729,168,000		1,695,097,000
Stated interest rate	14.00%
Interest paid per year through issuance of payment-in-kind notes (as a percent)	2.00%
Legacy Notes
Debt Instrument [Line Items]
Total debt	$ 667,900,000		667,900,000
10.0% Senior Notes Due 2018
Debt Instrument [Line Items]
Total debt	$ 347,028,000		730,000,000
Stated interest rate	10.00%
Subsidiary Senior Notes due 2022
Debt Instrument [Line Items]
Total debt	$ 2,725,000,000		2,725,000,000
Subsidiary Senior Subordinated Notes due 2020
Debt Instrument [Line Items]
Total debt	2,200,000,000		2,200,000,000
Clear Channel International B.V. Senior Notes due 2020
Debt Instrument [Line Items]
Total debt	225,000,000		225,000,000
Other subsidiary debt
Debt Instrument [Line Items]
Total debt	28,663,000		165,000
Purchase accounting adjustments and original issue discount
Debt Instrument [Line Items]
Total debt	$ (176,863,000)		$ (204,611,000)
Broader Media, LLC | 10.0% Senior Notes Due 2018
Debt Instrument [Line Items]
Aggregate principal amount of senior notes		$ 383,000,000
Aggregate purchase price of senior notes		$ 222,200,000

LONG-TERM DEBT - Additional Inf

LONG-TERM DEBT - Additional Information - Narrative (Detail) - USD ($) $ in Billions	Sep. 30, 2016	Dec. 31, 2015
Debt Disclosure [Abstract]
Weighted average interest rate	8.50%	8.50%
Market value of debt	$ 16.5	$ 15.2

LONG-TERM DEBT - Surety Bonds,

LONG-TERM DEBT - Surety Bonds, Letters of Credit and Guarantees - Narrative (Detail) - USD ($)	Oct. 04, 2016	Sep. 30, 2016
Surety bond
Guarantor Obligations [Line Items]
Guarantees obligations		$ 60,900,000
Commercial standby letters of credit
Guarantor Obligations [Line Items]
Guarantees obligations		99,000,000
Bank guarantee
Guarantor Obligations [Line Items]
Guarantees obligations		59,900,000
Bank guarantees backed by cash collateral
Guarantor Obligations [Line Items]
Guarantees obligations		$ 26,100,000
Senior Notes Due 2021 | Subsequent Event
Guarantor Obligations [Line Items]
Increase of line of credit facility	$ 500,000,000
Aggregate principal amount	17,300,000,000
Aggregate consent fee	$ 8,600,000

INCOME TAXES - Schedule Of Prov

INCOME TAXES - Schedule Of Provision For Income Tax Benefit (Expense) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Current tax expense	$ (9,339)	$ (2,144)	$ (56,340)	$ (65,838)
Deferred tax benefit (expense)	3,726	(697)	14,097	(15,685)
Income tax expense	$ (5,613)	$ (2,841)	$ (42,243)	$ (81,523)

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Effective tax rate	(24.50%)	(1.30%)	(13.20%)	(14.40%)

SHAREHOLDERS' DEFICIT - Schedul

SHAREHOLDERS' DEFICIT - Schedule of Changes in Shareholders' Deficit (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balances			$ (10,606,681)	$ (9,665,208)
Net income (loss)	$ (28,477)	$ (213,469)	(363,407)	(647,417)
Dividends declared and other payments to noncontrolling interests			(74,542)	(28,088)
Purchase of additional noncontrolling interests				(42,798)
Share-based compensation	3,431	2,991	10,310	7,918
Foreign currency translation adjustments	7,356	(22,102)	43,797	(101,983)
Unrealized holding gain (loss) on marketable securities	(290)	(149)	(635)	540
Reclassification adjustments	0	0	32,823	0
Other adjustments to comprehensive loss	193	0	(3,551)	(1,154)
Other, net			(894)	4,154
Ending Balances	(10,962,780)	(10,474,036)	(10,962,780)	(10,474,036)
The Company
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balances			(10,784,296)	(9,889,348)
Net income (loss)			(402,360)	(661,349)
Purchase of additional noncontrolling interests				(40,820)
Share-based compensation			2,170	1,873
Foreign currency translation adjustments			40,914	(82,865)
Unrealized holding gain (loss) on marketable securities			(571)	484
Reclassification adjustments			28,919
Other adjustments to comprehensive loss			(3,193)	(1,036)
Other, net			(1,389)	(618)
Ending Balances	(11,119,806)	(10,673,679)	(11,119,806)	(10,673,679)
Noncontrolling Interests
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balances			177,615	224,140
Net income (loss)			38,953	13,932
Dividends declared and other payments to noncontrolling interests			(74,542)	(28,088)
Purchase of additional noncontrolling interests				(1,978)
Share-based compensation			8,140	6,045
Foreign currency translation adjustments			2,883	(19,118)
Unrealized holding gain (loss) on marketable securities			(64)	56
Reclassification adjustments			3,904
Other adjustments to comprehensive loss			(358)	(118)
Other, net			495	4,772
Ending Balances	$ 157,026	$ 199,643	$ 157,026	$ 199,643

SHAREHOLDERS' DEFICIT - COMPUTA

SHAREHOLDERS' DEFICIT - COMPUTATION OF LOSS PER SHARE (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
NUMERATOR:
Net loss attributable to the Company – common shares	$ (34,951)	$ (221,917)	$ (402,360)	$ (661,349)
DENOMINATOR:
Weighted average common shares outstanding - basic	84,650	84,350	84,510	84,236
Weighted average common shares outstanding - diluted	84,650	84,350	84,510	84,236
Net loss attributable to the Company per common share:
Basic (in dollars per share)	$ (0.41)	$ (2.63)	$ (4.76)	$ (7.85)
Diluted (in dollars per share)	$ (0.41)	$ (2.63)	$ (4.76)	$ (7.85)
Outstanding equity awards excluded from computation of diluted earnings per share (in shares)	8,000	7,300	8,000	7,300

OTHER INFORMATION - Other Compr

OTHER INFORMATION - Other Comprehensive Income (Loss) (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Other Income and Expenses [Abstract]
Total (decrease) increase in deferred income tax liabilities of other adjustments to comprehensive loss	$ 0.1	$ 0	$ (0.7)	$ (0.6)

OTHER INFORMATION - Barter and

OTHER INFORMATION - Barter and Trade (Narrative) (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Nonmonetary Transaction [Line Items]
Barter and trade revenues	$ 30,200,000	$ 30,400,000	$ 105,700,000	$ 88,100,000
Barter and trade expenses	22,500,000	$ 30,600,000	80,000,000	$ 84,900,000
Advertising exchanged for equity interests
Nonmonetary Transaction [Line Items]
Barter and trade revenues	5,400,000		22,100,000
Barter and trade expenses	$ 0		$ 0

OTHER INFORMATION - Investments

OTHER INFORMATION - Investments (Narrative) (Detail) $ in Millions	3 Months Ended
	Sep. 30, 2016USD ($)
Investments, Debt and Equity Securities [Abstract]
Other than temporary losses on investments	$ 14.5

SEGMENT DATA (Detail)

SEGMENT DATA (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Segment Reporting Information [Line Items]
Revenue	$ 1,570,418	$ 1,579,514	$ 4,552,455	$ 4,523,937
Direct operating expenses	595,576	627,150	1,781,193	1,820,005
Selling, general and administrative expenses	421,700	429,426	1,281,849	1,270,869
Corporate expenses	86,779	74,775	252,308	232,492
Depreciation and amortization	158,453	166,320	476,053	505,167
Impairment charges	8,000	21,631	8,000	21,631
Other operating income (expense), net	(505)	6,914	219,768	98,694
Operating income (loss)	299,405	267,126	972,820	772,467
Capital expenditures	77,333	67,615	201,038	192,492
Share-based compensation expense	3,431	2,991	10,310	7,918
Other
Segment Reporting Information [Line Items]
Revenue	41,414	36,719	114,663	106,941
Direct operating expenses	(178)	586	1,255	2,473
Selling, general and administrative expenses	27,466	25,149	82,394	81,798
Corporate expenses	0	0	0	0
Depreciation and amortization	4,483	4,370	12,809	16,842
Impairment charges	0	0	0	0
Other operating income (expense), net	0	0	0	0
Operating income (loss)	9,643	6,614	18,205	5,828
Capital expenditures	582	551	1,758	1,346
Share-based compensation expense	0	0	0	0
Operating segments | iHM
Segment Reporting Information [Line Items]
Revenue	857,099	846,865	2,463,899	2,385,367
Direct operating expenses	229,668	253,848	704,097	709,503
Selling, general and administrative expenses	268,612	272,065	812,344	799,370
Corporate expenses	0	0	0	0
Depreciation and amortization	60,691	59,402	182,506	179,703
Impairment charges	0	0	0	0
Other operating income (expense), net	0	0	0	0
Operating income (loss)	298,128	261,550	764,952	696,791
Capital expenditures	23,238	14,426	46,303	44,106
Share-based compensation expense	0	0	0	0
Operating segments | Americas Outdoor
Segment Reporting Information [Line Items]
Revenue	322,997	347,336	931,058	984,485
Direct operating expenses	142,989	149,072	421,039	445,018
Selling, general and administrative expenses	54,500	59,539	167,660	172,522
Corporate expenses	0	0	0	0
Depreciation and amortization	47,242	50,121	140,883	151,574
Impairment charges	0	0	0	0
Other operating income (expense), net	0	0	0	0
Operating income (loss)	78,266	88,604	201,476	215,371
Capital expenditures	19,114	18,557	47,808	50,916
Share-based compensation expense	0	0	0	0
Operating segments | International Outdoor
Segment Reporting Information [Line Items]
Revenue	350,060	348,941	1,044,866	1,049,654
Direct operating expenses	223,097	223,644	654,802	663,011
Selling, general and administrative expenses	71,664	73,020	220,872	219,689
Corporate expenses	0	0	0	0
Depreciation and amortization	37,018	41,564	113,075	124,961
Impairment charges	0	0	0	0
Other operating income (expense), net	0	0	0	0
Operating income (loss)	18,281	10,713	56,117	41,993
Capital expenditures	30,803	28,665	97,487	85,522
Share-based compensation expense	0	0	0	0
Corporate and other reconciling items
Segment Reporting Information [Line Items]
Revenue	0	0	0	0
Direct operating expenses	0	0	0	0
Selling, general and administrative expenses	0	0	0	0
Corporate expenses	87,389	74,775	252,918	232,492
Depreciation and amortization	9,019	10,863	26,780	32,087
Impairment charges	8,000	21,631	8,000	21,631
Other operating income (expense), net	(505)	6,914	219,768	98,694
Operating income (loss)	(104,913)	(100,355)	(67,930)	(187,516)
Capital expenditures	3,596	5,416	7,682	10,602
Share-based compensation expense	3,431	2,991	10,310	7,918
Eliminations
Segment Reporting Information [Line Items]
Revenue	(1,152)	(347)	(2,031)	(2,510)
Direct operating expenses	0	0	0	0
Selling, general and administrative expenses	(542)	(347)	(1,421)	(2,510)
Corporate expenses	(610)	0	(610)	0
Depreciation and amortization	0	0	0	0
Impairment charges	0	0	0	0
Other operating income (expense), net	0	0	0	0
Operating income (loss)	0	0	0	0
Capital expenditures	0	0	0	0
Share-based compensation expense	0	0	0	0
Intersegment revenues
Segment Reporting Information [Line Items]
Revenue	1,152	347	2,031	2,510
Intersegment revenues | iHM
Segment Reporting Information [Line Items]
Revenue	0	0	0	0
Intersegment revenues | Americas Outdoor
Segment Reporting Information [Line Items]
Revenue	1,152	347	2,031	2,510
Intersegment revenues | International Outdoor
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 0	$ 0	$ 0

CERTAIN RELATIONSHIPS AND REL38

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS (Detail) - USD ($)	Jul. 15, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Related Party Transaction [Line Items]
Management fees and reimbursable expenses		$ 3,900,000	$ 3,900,000	$ 11,500,000	$ 11,700,000
Gain (loss) on extinguishment of debt		$ 157,556,000	$ 0	$ 157,556,000	$ (2,201,000)
10.0% Senior Notes Due 2018
Related Party Transaction [Line Items]
Stated interest rate		10.00%		10.00%
Broader Media, LLC | 10.0% Senior Notes Due 2018
Related Party Transaction [Line Items]
Aggregate principal amount of notes	$ 383,000,000
Aggregate purchase price of notes	222,200,000
Gain (loss) on extinguishment of debt	157,600,000
Broader Media, LLC | Third Party Transaction | 10.0% Senior Notes Due 2018
Related Party Transaction [Line Items]
Aggregate principal amount of notes	285,000,000
Aggregate purchase price of notes	165,300,000
Broader Media, LLC | Abrams Transaction | 10.0% Senior Notes Due 2018
Related Party Transaction [Line Items]
Aggregate principal amount of notes	98,000,000
Aggregate purchase price of notes	$ 56,900,000
Maximum
Related Party Transaction [Line Items]
Maximum management fee rate per year				$ 15,000,000