INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2011

INTANGIBLE ASSETS, NET

INTANGIBLE ASSETS, NET

8. INTANGIBLE ASSETS, NET

        Intangible assets as of December 31, 2010 and 2011 comprise the following:

	December 31,
	2010					2011
	Cost		Accumulated amortization			Cost		Accumulated amortization
Broadcasting licenses	$	163,783	$	—		$	159,369	$	—
Trade names		16,956		—			5,213		—
Cable network connections		42,245		(12,771	)		46,131		(17,983	)
Network affiliation agreements		20,762		(16,283	)		15,722		(13,602	)
Other intangible assets		5,994		(2,685	)		6,538		(3,341	)
Total	$	249,740	$	(31,739	)	$	232,973		(34,926	)

        Amortization expense was $6,593, $8,266 and $10,024 in 2009, 2010 and 2011, respectively.

        Estimated amortization expenses for the next five years related to amortizable intangible assets are as follows:

For the year ended December 31, 2012	$	9,911
For the year ended December 31, 2013		8,227
For the year ended December 31, 2014		7,624
For the year ended December 31, 2015		7,373
For the year ended December 31, 2016 and thereafter		330
		33,465

        In 2011, the Company finalized purchase price allocations for the 2010 regional stations acquisitions. As a result, $6,949 was reallocated from broadcasting licenses of $8,686 and deferred tax liabilities of $1,737 to goodwill, attributable to synergies from acquisitions. See Note 5.

        As of the year ended December 31, 2011, the Company recorded non-cash impairment losses totaling $106,382 related to certain intangible assets and goodwill. Of the total impairment losses, $23,558 related to the impairment of certain broadcasting licenses, $11,136 related to re-branding of DTV trade name and $71,688 related to impairment of Peretz goodwill. See Notes 2, 9 and 10.