XML 52 R38.htm IDEA: XBRL DOCUMENT v3.20.4
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill by business segment
Goodwill by business segment was as follows:
(in thousands)Local MediaNational MediaTotal
Gross balance as of December 31, 2017$708,133 $267,957 $976,090 
Accumulated impairment losses(216,914)(50,403)(267,317)
Net balance as of December 31, 2017491,219 217,554 708,773 
Katz acquisition adjustments— (5,812)(5,812)
Triton acquisition— 83,876 83,876 
Balance as of December 31, 2018$491,219 $295,618 $786,837 
 
Gross balance as of December 31, 2018$708,133 $346,021 $1,054,154 
Accumulated impairment losses(216,914)(50,403)(267,317)
Net balance as of December 31, 2018491,219 295,618 786,837 
Sale of Cracked— (29,403)(29,403)
Removal of Cracked accumulated impairment loss due to sale— 29,403 29,403 
Television stations acquisitions435,726 — 435,726 
Omny acquisition— 5,336 5,336 
Triton acquisition adjustment— (3,220)(3,220)
Balance as of December 31, 2019$926,945 $297,734 $1,224,679 
Gross balance as of December 31, 2019$1,143,859 $318,734 $1,462,593 
Accumulated impairment losses(216,914)(21,000)(237,914)
Net balance as of December 31, 2019926,945 297,734 1,224,679 
Television stations acquisitions adjustments2,500 — 2,500 
KCDO Acquisition1,679 — 1,679 
Sale of WPIX(24,997)— (24,997)
Sale of Weathersphere(633)— (633)
Omny acquisition adjustment— (16)(16)
Balance as of December 31, 2020$905,494 $297,718 $1,203,212 
Gross balance as of December 31, 2020$1,122,408 $318,718 $1,441,126 
Accumulated impairment losses(216,914)(21,000)(237,914)
Net balance as of December 31, 2020$905,494 $297,718 $1,203,212 
Summary of other finite-lived intangible assets
Other intangible assets consisted of the following:
As of December 31,
(in thousands)20202019
Amortizable intangible assets:
Carrying amount:
Television network affiliation relationships$616,244 $616,244 
Customer lists and advertiser relationships102,900 104,300 
Other104,445 102,956 
Total carrying amount823,589 823,500 
Accumulated amortization:
Television network affiliation relationships(113,950)(82,917)
Customer lists and advertiser relationships(53,232)(42,012)
Other(37,778)(23,811)
Total accumulated amortization(204,960)(148,740)
Net amortizable intangible assets618,629 674,760 
Indefinite-lived intangible assets — FCC licenses356,815 385,915 
Total other intangible assets$975,444 $1,060,675 
Summary of other indefinite-lived intangible assets
Other intangible assets consisted of the following:
As of December 31,
(in thousands)20202019
Amortizable intangible assets:
Carrying amount:
Television network affiliation relationships$616,244 $616,244 
Customer lists and advertiser relationships102,900 104,300 
Other104,445 102,956 
Total carrying amount823,589 823,500 
Accumulated amortization:
Television network affiliation relationships(113,950)(82,917)
Customer lists and advertiser relationships(53,232)(42,012)
Other(37,778)(23,811)
Total accumulated amortization(204,960)(148,740)
Net amortizable intangible assets618,629 674,760 
Indefinite-lived intangible assets — FCC licenses356,815 385,915 
Total other intangible assets$975,444 $1,060,675