Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2012

Goodwill and Other Intangible Assets [Abstract]

8. Goodwill and Other Intangible Assets

Goodwill and other intangible assets consisted of the following:

( in thousands )				As of
	September 30,			December 31,
	2012			2011

Goodwill	$	573,482		$	510,484

Other intangible assets:
Amortizable intangible assets:
Carrying amount:
Acquired network distribution and other rights		566,936			514,944
Customer lists		90,509			87,107
Copyrights and other trade names		63,724			59,350
Acquired rights and other		76,392			8,008

Total carrying amount		797,561			669,409

Accumulated amortization:
Acquired network distribution and other rights		(91,039	)		(70,082	)
Customer lists		(39,154	)		(28,981	)
Copyrights and other trade names		(11,407	)		(8,800	)
Acquired rights and other		(7,718	)		(5,451	)

Total accumulated amortization		(149,318	)		(113,314	)

Total other intangible assets, net		648,243			556,095

Total goodwill and other intangible assets, net	$	1,221,725		$	1,066,579

Activity related to goodwill and amortizable intangible assets by business segment was as follows:

( in thousands )	Lifestyle			Corporate
	Media			and other			Total

Goodwill:
Balance as of December 31, 2011	$	510,484					$	510,484
Additions - business acquisitions				$	63,149			63,149
Foreign currency translation adjustment					(151	)		(151	)

Balance as of September 30, 2012	$	510,484		$	62,998		$	573,482
Amortizable intangible assets:
Balance as of December 31, 2011	$	556,029		$	66		$	556,095
Additions - business acquisitions					59,977			59,977
Addition of acquired rights		68,377						68,377
Foreign currency translation adjustment					(273	)		(273	)
Amortization		(34,173	)		(1,760	)		(35,933	)

Balance as of September 30, 2012	$	590,233		$	58,010		$	648,243

Separately acquired intangible assets reflect the acquisition of certain rights that will expand our opportunity for future revenues. Estimated amortization expense of intangible assets for each of the next five years is as follows: $13.2 million for the remainder of 2012, $53.1 million in 2013, $52.6 million in 2014, $43.8 million in 2015, $43.4 million in 2016 and $442.1 million in later years.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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