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Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Carrying Amount of Goodwill

The carrying amount of goodwill for each of the Company’s operating segments for the years ended December 31, 2024 and 2023 is as follows (in thousands):

 

 

 

December 31,

 

 

Additions From

 

 

December 31,

 

 

 

 

 

December 31,

 

 

 

2022

 

 

Acquisitions

 

 

2023

 

 

Impairment

 

 

2024

 

Media

 

$

43,322

 

 

$

—

 

 

$

43,322

 

 

$

(43,322

)

 

$

—

 

Advertising Technology & Services

 

 

3,872

 

 

 

3,480

 

 

 

7,352

 

 

 

—

 

 

 

7,352

 

Consolidated

 

$

47,194

 

 

$

3,480

 

 

$

50,674

 

 

$

(43,322

)

 

$

7,352

 

 
Composition of Company's Acquired Intangible Assets and Associated Accumulated Amortization

The composition of the Company’s acquired intangible assets and the associated accumulated amortization as of December 31, 2024 and 2023 is as follows (in thousands):

 

 

 

 

 

 

2024

 

 

2023

 

 

 

Weighted average remaining life in years

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Television network affiliation agreements

 

 

3

 

 

$

60,043

 

 

$

(56,933

)

 

$

3,110

 

 

$

60,043

 

 

$

(55,845

)

 

$

4,198

 

Customer base

 

 

1

 

 

 

4,890

 

 

 

(3,865

)

 

 

1,025

 

 

 

4,890

 

 

 

(2,509

)

 

 

2,381

 

Other

 

 

26

 

 

 

1,814

 

 

 

(1,532

)

 

 

282

 

 

 

1,814

 

 

 

(1,293

)

 

 

521

 

Total assets subject to amortization:

 

 

 

 

$

66,747

 

 

$

(62,330

)

 

$

4,417

 

 

$

66,747

 

 

$

(59,647

)

 

$

7,100

 

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FCC licenses and spectrum usage rights

 

 

 

 

 

 

 

 

 

 

 

177,276

 

 

 

 

 

 

 

 

 

195,174

 

Total intangible assets

 

 

 

 

 

 

 

 

 

 

$

181,693

 

 

 

 

 

 

 

 

$

202,274

 
Estimated Amortization Expense Estimated amortization expense for the next five years and thereafter is as follows (in thousands):

 

Estimated Amortization Expense

 

Amount

 

2025

 

$

1,819

 

2026

 

 

1,401

 

2027

 

 

171

 

2028

 

 

171

 

2029

 

 

171

 

Thereafter

 

 

684

 

Total

 

$

4,417