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Goodwill and other intangible assets | 9 Months Ended
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Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and other intangible assets | NOTE 2 – Goodwill and other intangible assets The following table displays goodwill, indefinite-lived intangible assets, and amortizable intangible assets as of September 30, 2025 and December 31, 2024 (in thousands):
| Sept. 30, 2025 |  |  | Dec. 31, 2024 |
| Gross |  |  | Accumulated Amortization |  |  | Gross |  |  | Accumulated Amortization |
Goodwill | $ | 3,015,944 |  |  | $ | — |  |  | $ | 3,015,944 |  |  | $ | — |
Indefinite-lived intangibles: |  |  |  |  |  |  |  |  |  |  |
Television and radio station FCC broadcast licenses |  | 2,124,106 |  |  |  |  |  |  | 2,124,731 |  |  |  |
Amortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |
Network affiliation agreements |  | 266,018 |  |  |  | (138,071 | ) |  |  | 266,018 |  |  |  | (122,539 | )
Other |  | 104,198 |  |  |  | (73,620 | ) |  |  | 104,198 |  |  |  | (62,636 | )
Total indefinite-lived and amortizable intangible assets | $ | 2,494,322 |  |  | $ | (211,691 | ) |  | $ | 2,494,947 |  |  | $ | (185,175 | )
Our network affiliation agreement assets are amortized on a straight-line basis over their estimated useful lives. Other intangible assets primarily include acquired technology from our 2024 acquisition of Octillion Media and distribution agreements from our multicast networks acquisition, which are also amortized on a straight-line basis over their useful lives. In the second quarter of 2025, we made a final earnout payment of $6.4 million to the previous owners of Octillion Media as a result of achievements related to the second and third earnout requirements under the purchase agreement signed by the parties. In the second quarter of 2025, we also paid $1.7 million of purchase price holdbacks that had been retained under the purchase agreement. There are no remaining earnouts or holdbacks related to the Octillion acquisition.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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