iHeartMedia 2010 Annual Report Download - page 77
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recoverable.
The Company performs its annual impairment test for its FCC licenses and permits using a direct valuation technique as prescribed in
ASC 805-20-S99. The Company engages Mesirow Financial Consulting LLC (“Mesirow Financial”), a third party valuation firm, to
assist the Company in the development of these assumptions and the Company’s determination of the fair value of its FCC licenses
and permits.
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