Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2022

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, 2021	$	1,122,408	$	2,028,890	$	—	$	3,151,298
Accumulated impairment losses	(216,914)		(21,000)		—		(237,914)
Net balance as of December 31, 2021	$	905,494	$	2,007,890	$	—	$	2,913,384

Gross balance as of September 30, 2022	$	1,122,408	$	2,028,890	$	7,082	$	3,158,380
Accumulated impairment losses	(216,914)		(21,000)		—		(237,914)
Net balance as of September 30, 2022	$	905,494	$	2,007,890	$	7,082	$	2,920,466

Other intangible assets consisted of the following:


(in thousands)	As of September 30, 2022		As of December 31, 2021

Amortizable intangible assets:
Carrying amount:
Television affiliation relationships	$	1,060,244	$	1,060,244
Customer lists and advertiser relationships	220,997		217,400
Other	135,672		130,265
Total carrying amount	1,416,913		1,407,909
Accumulated amortization:
Television affiliation relationships	(208,574)		(168,021)
Customer lists and advertiser relationships	(100,327)		(77,711)
Other	(43,519)		(32,881)
Total accumulated amortization	(352,420)		(278,613)
Net amortizable intangible assets	1,064,493		1,129,296
Indefinite-lived intangible assets — FCC licenses	781,015		781,015
Total other intangible assets	$	1,845,508	$	1,910,311

Estimated amortization expense of intangible assets for each of the next five years is $23.5 million for the remainder of 2022, $94.0 million in 2023, $92.6 million in 2024, $89.5 million in 2025, $86.0 million in 2026, $83.2 million in 2027 and $595.7 million in later years.