Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill consisted of the following:


(in thousands)	Local Media		Scripps Networks		Other		Total

Gross balance as of December 31, 2020	$	1,122,408	$	232,742	$	85,976	$	1,441,126
Accumulated impairment losses	(216,914)		(21,000)		—		(237,914)
Net balance as of December 31, 2020	$	905,494	$	211,742	$	85,976	$	1,203,212

Gross balance as of June 30, 2021	$	1,122,408	$	2,036,703	$	—	$	3,159,111
Accumulated impairment losses	(216,914)		(21,000)		—		(237,914)
Net balance as of June 30, 2021	$	905,494	$	2,015,703	$	—	$	2,921,197

Other intangible assets consisted of the following:


(in thousands)	As of June 30, 2021		As of December 31, 2020

Amortizable intangible assets:
Carrying amount:
Television affiliation relationships	$	1,060,244	$	616,244
Customer lists and advertiser relationships	217,400		102,900
Other	136,401		104,445
Total carrying amount	1,414,045		823,589
Accumulated amortization:
Television affiliation relationships	(140,986)		(113,950)
Customer lists and advertiser relationships	(62,989)		(53,232)
Other	(35,070)		(37,778)
Total accumulated amortization	(239,045)		(204,960)
Net amortizable intangible assets	1,175,000		618,629
Indefinite-lived intangible assets — FCC licenses	781,015		356,815
Total other intangible assets	$	1,956,015	$	975,444

Estimated amortization expense of intangible assets for each of the next five years is $48.3 million for the remainder of 2021, $95.9 million in 2022, $90.8 million in 2023, $89.4 million in 2024, $87.7 million in 2025, $84.5 million in 2026 and $678.4 million in later years.