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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets  
Schedule of goodwill and intangible assets

 

        Goodwill and intangible assets consist of the following at December 31, 2014 and 2013 (amounts in thousands):

                                                                                                                                                                                    

 

 

December 31,

 

 

 

2014

 

2013

 

Broadcast license

 

$

41,356 

 

$

41,356 

 

Goodwill

 

 

164,887 

 

 

130,794 

 

Other intangibles

 

 

91,611 

 

 

34,610 

 

​  

​  

​  

​  

Total intangible assets

 

$

297,854 

 

$

206,760 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of the changes in goodwill and other indefinite lived intangible assets

        A summary of changes in the Company's goodwill and other indefinite lived intangible assets, on a net basis, for the years ended December 31, 2014 and 2013 is as follows (amounts in thousands):

                                                                                                                                                                                    

 

 

Net Balance at
December 31, 2013

 

Additions

 

Impairment

 

Net Balance at
December 31, 2014

 

Broadcast license

 

$

41,356 

 

$

 

$

 

$

41,356 

 

Goodwill

 

 

130,794 

 

 

34,093 

 

 

 

 

164,887 

 

Brands

 

 

 

 

15,986 

 

 

 

 

15,986 

 

Other intangibles

 

 

700 

 

 

 

 

 

 

700 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total indefinite-lived intangibles

 

$

172,850 

 

$

50,079 

 

$

 

$

222,929 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

Net Balance at
December 31, 2012

 

Additions

 

Impairment

 

Net Balance at
December 31, 2013

 

Broadcast licenses

 

$

41,356 

 

$

 

$

 

$

41,356 

 

Goodwill

 

$

10,983 

 

 

119,811 

 

 

 

 

130,794 

 

Other intangibles

 

 

700 

 

 

 

 

 

 

700 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total indefinite-lived intangible

 

$

53,039 

 

$

119,811 

 

$

 

$

172,850 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of the changes in other amortizable intangible assets

        A summary of the changes in the Company's other amortizable intangible assets for the years ended December 31, 2014 and 2013 is as follows (amounts in thousands):

                                                                                                                                                                                    

 

 

Net Balance at
December 31, 2013

 

Additions

 

Amortization

 

Net Balance at
December 31, 2014

 

Affiliate relationships

 

$

33,910

 

$

46,014

 

$

(10,860

)

$

69,064

 

Advertiser Relationships

 

 

 

 

3,310

 

 

(414

)

 

2,896

 

Non-Compete Agreement

 

 

 

 

3,294

 

 

(412

)

 

2,882

 

Other intangibles

 

 

 

 

1,140

 

 

(1,057

)

 

83

 

​  

​  

​  

​  

​  

​  

​  

​  

Total Finite-lived intangibles

 

$

33,910

 

$

53,758

 

$

(12,743

)

$

74,925

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

Net Balance at
December 31, 2012

 

Additions

 

Amortization

 

Net Balance at
December 31, 2013

 

Affiliate relationships

 

$

978

 

$

37,900

 

$

(4,968

)

$

33,910

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of future estimated amortization expense

        Future estimated amortization expense is as follows (amounts in thousands):

                                                                                                                                                                                    

Year Ending December 31,

 

Amount

 

2015

 

$

13,482 

 

2016

 

 

13,399 

 

2017

 

 

13,227 

 

2018

 

 

13,169 

 

2019

 

 

8,432 

 

2020 and thereafter

 

 

13,216 

 

​  

​  

 

 

$

74,925 

 

​  

​  

​  

​  

​