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Property and Equipment
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following:
As of December 31,
(in thousands)20252024
Land and improvements$57,354 $65,212 
Buildings and improvements258,375 275,844 
Equipment639,906 646,684 
Computer software31,928 33,389 
Total987,563 1,021,129 
Accumulated depreciation(579,597)(567,229)
Net property and equipment$407,966 $453,900 

On December 30, 2024, we completed the sale of our San Diego tower sites for cash consideration of $20.0 million and recognized a pre-tax gain from disposition of $19.2 million.
On April 30, 2025, we completed the sale of our West Palm Beach television station building for cash consideration of $40.0 million and recognized a pre-tax gain from disposition of $31.4 million. With the asset sale, we also entered into a 2.5-year building lease with the buyer for cash consideration of $2.5 million annually.