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Intangible Assets and Goodwill (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets Subject to Amortization

Intangible assets subject to amortization consisted of the following, as of December 31 (in thousands):

 

 

 

Estimated

 

2017

 

 

2016

 

 

 

useful life,

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

in years

 

Gross

 

 

Amortization

 

 

Net

 

 

Gross

 

 

Amortization

 

 

Net

 

Network affiliation agreements

 

15

 

$

1,971,170

 

 

$

(461,345

)

 

$

1,509,825

 

 

$

659,054

 

 

$

(357,704

)

 

$

301,350

 

Other definite-lived

  intangible assets

 

1-20

 

 

193,089

 

 

 

(121,288

)

 

 

71,801

 

 

 

89,404

 

 

 

(66,017

)

 

 

23,387

 

Other intangible assets

 

 

 

$

2,164,259

 

 

$

(582,633

)

 

$

1,581,626

 

 

$

748,458

 

 

$

(423,721

)

 

$

324,737

 

 

Estimated Amortization Expense of Definite-Lived Intangibles 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, 2017 (in thousands):

 

2018

 

$

128,827

 

2019

 

 

125,303

 

2020

 

 

117,015

 

2021

 

 

114,286

 

2022

 

 

112,657

 

Thereafter

 

 

983,538

 

 

 

$

1,581,626

 

 

Goodwill and FCC Licenses

The changes in the carrying amounts of goodwill and FCC licenses for the years ended December 31, 2017 and 2016 are as follows (in thousands):

 

 

 

Goodwill

 

 

FCC Licenses

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

Gross

 

 

Impairment

 

 

Net

 

 

Gross

 

 

Impairment

 

 

Net

 

Balances as of December 31, 2015

 

$

497,653

 

 

$

(45,991

)

 

$

451,662

 

 

$

538,756

 

 

$

(49,421

)

 

$

489,335

 

Acquisitions and consolidation

  of VIEs (See Notes 2 and 3)

 

 

36,904

 

 

 

-

 

 

 

36,904

 

 

 

53,189

 

 

 

-

 

 

 

53,189

 

Impairment

 

 

-

 

 

 

(15,262

)

 

 

(15,262

)

 

 

-

 

 

 

-

 

 

 

-

 

Balances as of December 31, 2016

 

 

534,557

 

 

 

(61,253

)

 

 

473,304

 

 

 

591,945

 

 

 

(49,421

)

 

 

542,524

 

Acquisitions and consolidations of VIEs (See Notes 2 and 3)

 

 

1,701,719

 

 

 

-

 

 

 

1,701,719

 

 

 

1,244,386

 

 

 

-

 

 

 

1,244,386

 

Nexstar Divestitures (See Note 3)

 

 

(22,823

)

 

 

2,861

 

 

 

(19,962

)

 

 

(19,744

)

 

 

2,011

 

 

 

(17,733

)

Deconsolidation of a VIE

 

 

(698

)

 

 

-

 

 

 

(698

)

 

 

(1,539

)

 

 

 

 

 

 

(1,539

)

Impairment

 

 

-

 

 

 

(11,517

)

 

 

(11,517

)

 

 

-

 

 

 

-

 

 

 

-

 

Balances as of December 31, 2017

 

$

2,212,755

 

 

$

(69,909

)

 

$

2,142,846

 

 

$

1,815,048

 

 

$

(47,410

)

 

$

1,767,638