Intangible Assets and Goodwill

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Note 4: Intangible Assets and Goodwill

The Company’s goodwill by segment, indefinite-lived intangible assets and definite-lived intangible assets consisted of the following ($ in millions):


	Reportable Broadcast Segment							Other Segments							Total
			Accumulated							Accumulated							Accumulated
Goodwill	Gross		Impairment			Net		Gross		Impairment			Net		Gross		Impairment			Net
Balances as of December 31, 2024	$	2,920	$	(43	)	$	2,877	$	225	$	(180	)	$	45	$	3,145	$	(223	)	$	2,922
Current year acquisition (Note 3)		2		-			2		-		-			-		2		-			2
Balances as of June 30, 2025	$	2,922	$	(43	)	$	2,879	$	225	$	(180	)	$	45	$	3,147	$	(223	)	$	2,924


	FCC Licenses
			Accumulated
Indefinite-lived Intangible Assets	Gross		Impairment			Net
Balances as of December 31, 2024	$	2,977	$	(48	)	$	2,929
Current year acquisition (Note 3)		20		-			20
Balances as of June 30, 2025	$	2,997	$	(48	)	$	2,949


	Network Affiliation Agreements							Other Definite-Lived Intangible Assets							Total
			Accumulated							Accumulated							Accumulated
			Amortization							Amortization							Amortization
Definite-Lived Intangible Assets	Gross		and Impairment			Net		Gross		and Impairment			Net		Gross		and Impairment			Net
Balances as of December 31, 2024	$	3,125	$	(1,631	)	$	1,494	$	1,115	$	(762	)	$	353	$	4,240	$	(2,393	)	$	1,847
Balances as of June 30, 2025	$	3,125	$	(1,725	)	$	1,400	$	1,148	$	(817	)	$	331	$	4,273	$	(2,542	)	$	1,731

The following table presents the Company’s estimate of amortization expense for the remainder of 2025, each of the five succeeding years ended December 31 and thereafter for definite-lived intangible assets as of June 30, 2025 (in millions):


Remainder of 2025	$	151
2026		280
2027		265
2028		240
2029		222
2030		178
Thereafter		395
	$	1,731

Indefinite-lived intangible assets are not subject to amortization but are tested for impairment annually or whenever events or changes in circumstances indicate that such assets might be impaired. During the three and six months ended June 30, 2025, the Company did not identify events that would trigger impairment assessments.