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Goodwill and Other Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Fair Value Measurement Inputs | The key assumptions used in applying the direct valuation method are summarized as follows:
| June 30, 2025
Discount Rate | 14.3%
Long-term Revenue Growth Rate | (2.5)%
| Low | High
Mature Market Share* | 20.6% | 72.7%
Operating Profit Margin | 27.4% | 47.9%
Schedule of Finite-Lived Intangible Assets | The following tables present details of our intangible assets as of June 30, 2025 and December 31, 2024, respectively (in thousands):
| June 30, 2025
| Weighted Average Useful Life (in Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Intangible Assets: |  |  |  |  |  |  |
FCC licenses | Indefinite |  | $ | 148,883 |  |  | $ | — |  |  | $ | 148,883 |
Content rights and other intangible assets | 1 - 8 |  | 22,488 |  |  | (12,525) |  |  | 9,963 |
Total |  |  | $ | 171,371 |  |  | $ | (12,525) |  |  | $ | 158,846 |
| December 31, 2024
| Weighted Average Useful Life (in Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Intangible Assets: |  |  |  |  |  |  |
FCC licenses | Indefinite |  | $ | 150,383 |  |  | $ | — |  |  | $ | 150,383 |
Content rights and other intangible assets | 2 - 8 |  | 22,488 |  |  | (10,715) |  |  | 11,773 |
Total |  |  | $ | 172,871 |  |  | $ | (10,715) |  |  | $ | 162,156 |
Schedule of Indefinite-Lived Intangible Assets | The following tables present details of our intangible assets as of June 30, 2025 and December 31, 2024, respectively (in thousands):
| June 30, 2025
| Weighted Average Useful Life (in Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Intangible Assets: |  |  |  |  |  |  |
FCC licenses | Indefinite |  | $ | 148,883 |  |  | $ | — |  |  | $ | 148,883 |
Content rights and other intangible assets | 1 - 8 |  | 22,488 |  |  | (12,525) |  |  | 9,963 |
Total |  |  | $ | 171,371 |  |  | $ | (12,525) |  |  | $ | 158,846 |
| December 31, 2024
| Weighted Average Useful Life (in Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Intangible Assets: |  |  |  |  |  |  |
FCC licenses | Indefinite |  | $ | 150,383 |  |  | $ | — |  |  | $ | 150,383 |
Content rights and other intangible assets | 2 - 8 |  | 22,488 |  |  | (10,715) |  |  | 11,773 |
Total |  |  | $ | 172,871 |  |  | $ | (10,715) |  |  | $ | 162,156 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Estimated future amortization expense for each of the five succeeding fiscal years and thereafter as of June 30, 2025 is as follows (in thousands):
2025 (remainder) | $ | 1,799 |
2026 | 3,195 |
2027 | 1,978 |
2028 | 1,880 |
2029 | 646 |
Thereafter | 465 |
| $ | 9,963 |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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