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v3.26.1

Acquisitions and Dispositions (Tables) | 6 Months Ended
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Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Preliminary Fair Value of Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed with the Gray stations swap.
(in thousands) |  |
Property and equipment: |  |
Land and improvements |  | $ | 6,148 |
Buildings and improvements |  | 16,237 |
Equipment |  | 11,218 |
Computer software |  | 345 |
Operating lease right-of-use assets |  | 901 |
Goodwill |  | 4,932 |
Indefinite-lived intangible assets - FCC licenses |  | 24,601 |
Amortizable intangible assets: |  |
Television network affiliation relationships |  | 5,499 |
Customer lists and advertiser relationships |  | 473 |
Other |  | 704 |
Operating lease liabilities |  | (901) |
Total net assets acquired |  | $ | 70,157 |
Schedule of Disposal Groups, Including Discontinued Operations | The following table presents a summary of the assets and liabilities held for sale included in our Condensed Consolidated Balance Sheet as of December 31, 2025.
(in thousands) |  | WFTX |  | WRTV |  | Court TV |  | Total
Assets: |  |  |  |  |  |  |  |
Total current assets |  | $ | — |  |  | $ | — |  |  | $ | 4,467 |  |  | $ | 4,467 |
Property and equipment |  | 11,585 |  |  | 6,228 |  |  | 78 |  |  | 17,891 |
Goodwill and intangible assets |  | 25,347 |  |  | 48,290 |  |  | 3,884 |  |  | 77,521 |
Operating lease right-of-use assets |  | 151 |  |  | — |  |  | — |  |  | 151 |
Other assets |  | 523 |  |  | 452 |  |  | 21,386 |  |  | 22,361 |
Adjustment to carrying value to reflect estimated fair value less cost to sell |  | — |  |  | — |  |  | (19,458) |  |  | (19,458) |
Total assets held for sale |  | 37,606 |  |  | 54,970 |  |  | 10,357 |  |  | 102,933 |
Liabilities: |  |  |  |  |  |  |  |
Total current liabilities |  | 274 |  |  | 194 |  |  | 3,357 |  |  | 3,825 |
Operating lease liabilities |  | 115 |  |  | — |  |  | — |  |  | 115 |
Other liabilities |  | 2,969 |  |  | 154 |  |  | — |  |  | 3,123 |
Total liabilities held for sale |  | 3,358 |  |  | 348 |  |  | 3,357 |  |  | 7,063 |
Net assets held for sale |  | $ | 34,248 |  |  | $ | 54,622 |  |  | $ | 7,000 |  |  | $ | 95,870 |

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