Goodwill and intangible assets

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 4 — Goodwill and intangible assets

Goodwill and intangible assets consisted of the following:


	September 30, 2024						December 31, 2023
In thousands	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
Finite-lived intangible assets:
Advertiser relationships	$	446,801	$	269,058	$	177,743	$	446,609	$	236,168	$	210,441
Other customer relationships	89,204		57,016		32,188		101,819		56,601		45,218
Subscriber relationships	250,840		176,736		74,104		251,099		155,528		95,571
Other intangible assets	66,870		65,403		1,467		68,780		62,536		6,244
Sub-total	$	853,715	$	568,213	$	285,502	$	868,307	$	510,833	$	357,474
Indefinite-lived intangible assets:
Mastheads					167,550						166,876
Total intangible assets					$	453,052					$	524,350

Goodwill					$	531,112					$	533,876

The Company performs its annual goodwill and indefinite-lived intangible impairment assessments as of November 30 each year. In addition to the annual impairment test, the Company is required to regularly assess whether a triggering event has occurred under both ASC 350 "Intangibles - Goodwill and Other" ("ASC 350"), and ASC 360 "Property, Plant and Equipment" ("ASC 360"), which would require interim impairment testing.

As of September 30, 2024, the Company performed a review of potential impairment indicators under both ASC 350 and ASC 360, and it was determined that no indicators of impairment were present.