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Broadcast Licenses, Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2024
Indefinite-lived Intangible Assets [Line Items]  
Changes to broadcast licenses

We have recorded the changes to broadcast licenses for the years ended December 31, 2024 and 2023 as follows:

    

Total

(in thousands)

Balance at January 1, 2023

$

90,307

Disposals

 

(67)

Balance at December 31, 2023

$

90,240

Acquisitions

 

2,150

Disposals

(893)

Balance at December 31, 2024

$

91,497

Changes to Goodwill

We have recorded the changes to goodwill for each of the years ended December 31, 2024 and 2023 as follows:

    

Total

(in thousands)

Balance at January 1, 2023

$

19,236

Acquisitions

 

Balance at December 31, 2023

$

19,236

Acquisitions

 

76

Disposals

(83)

Balance at December 31, 2024

$

19,229

Amortizable intangible assets

We have recorded amortizable intangible assets at December 31, 2024 as follows:

    

Gross

    

    

    

    

Carrying

Accumulated

Net

    

Amount

    

Amortization

    

Amount

(In thousands)

Non-competition agreements

$

3,861

$

3,861

$

Favorable lease agreements

 

5,965

 

5,679

 

286

Customer relationships

 

5,560

 

4,860

 

700

Other intangibles

 

2,001

 

1,857

 

144

Total amortizable intangible assets

$

17,387

$

16,257

$

1,130

We have recorded amortizable intangible assets at December 31, 2023 as follows:

Gross

 

Carrying

Accumulated

Net

    

Amount

    

Amortization

    

Amount

 

(In thousands) 

Non-competition agreements

 

$

3,861

$

3,861

 

$

Favorable lease agreements

5,965

 

5,652

313

Customer relationships

4,660

 

4,660

Other intangibles

1,844

 

1,811

33

Total amortizable intangible assets

 

$

16,330

 

$

15,984

 

$

346

Licensing Agreements  
Indefinite-lived Intangible Assets [Line Items]  
Key estimates and assumptions used in the impairment test

    

Fourth

    

Fourth

    

Quarter

Quarter

    

2024

    

2023

    

Discount rates

 

9.0

%  

10

%  

Operating profit margin ranges

 

17.8% - 36.4

%  

17.8% - 36.4

%  

Market long-term revenue growth rates

 

0.5% - 1.5

%  

1.0% - 2.0

%  

Goodwill  
Indefinite-lived Intangible Assets [Line Items]  
Key estimates and assumptions used in the impairment test

Discount rate

 

9.0

%  

Operating profit margin ranges

 

19.7% - 27.0

%  

Long-term revenue growth rate

 

1.2

%