Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Definite-lived Intangible Assets

The Company’s definite-lived intangible assets consisted of the following, as of December 31 (dollars in millions):

		2022							2021
	Estimated			Accumulated							Accumulated
	useful life,			Amortization							Amortization
	in years	Gross		and Impairment			Net		Gross		and Impairment			Net
Network affiliation agreements	15	$	3,125.2	$	(1,253.8	)	$	1,871.4	$	3,125.2	$	(1,065.0	)	$	2,060.2
Other definite-lived intangible assets	1-20		1,076.5		(513.7	)		562.8		1,045.0		(388.1	)		656.9
Definite-lived intangible assets		$	4,201.7	$	(1,767.5	)	$	2,434.2	$	4,170.2	$	(1,453.1	)	$	2,717.1

Estimated Amortization Expense of Definite-Lived Intangible Assets

The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years and thereafter for definite-lived intangible assets as of December 31, 2022 (in millions):

2023	$	299.0
2024		293.8
2025		289.4
2026		265.2
2027		252.4
Thereafter		1,034.4
	$	2,434.2

Goodwill, FCC Licenses and Other Indefinite-Lived Intangible Assets

The changes in the carrying amounts of goodwill and FCC licenses for the years ended December 31, 2022 and 2021 are as follows (in millions):

	Goodwill								FCC Licenses
			Accumulated								Accumulated
	Gross		Impairment			Net			Gross		Impairment			Net
Balances as of December 31, 2021	$	3,141.4	$	(89.8	)	$	3,051.6		$	2,957.7	$	(47.4	)	$	2,910.3
Impairment loss		-		(90.8	)		(90.8	)		-		-			-
Balances as of December 31, 2022	$	3,141.4	$	(180.6	)	$	2,960.8		$	2,957.7	$	(47.4	)	$	2,910.3