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Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment

Property and equipment as of December 31, 2024 and 2023 consists of (in millions):

 

 

 

Estimated useful
life (years)

 

 

 

2024

 

 

 

2023

 

Buildings

 

40

 

 

$

18.5

 

 

$

18.5

 

Construction in progress

 

 

 

 

 

2.9

 

 

 

4.1

 

Transmission, studio and other broadcast equipment

 

5-15

 

 

 

115.0

 

 

 

152.5

 

Office and computer equipment

 

3-7

 

 

 

41.6

 

 

 

42.8

 

Transportation equipment

 

5

 

 

 

3.5

 

 

 

3.9

 

Leasehold improvements and land improvements

 

Lesser of lease life or useful life

 

 

 

26.9

 

 

 

28.0

 

 

 

 

 

 

208.4

 

 

 

249.8

 

Less accumulated depreciation

 

 

 

 

 

(154.9

)

 

 

(189.7

)

 

 

 

 

 

53.5

 

 

 

60.1

 

Land

 

 

 

 

 

7.1

 

 

 

6.8

 

 

 

 

 

$

60.6

 

 

$

66.9