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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2015
Goodwill and intangible assets  
Schedule of goodwill and intangible assets

 

Goodwill and intangible assets consist of the following at June 30, 2015 and December 31, 2014 (amounts in thousands):

 

 

 

June 30,

 

December 31,

 

 

 

2015

 

2014

 

Broadcast license

 

$

41,356 

 

$

41,356 

 

Goodwill

 

164,887 

 

164,887 

 

Other intangibles

 

84,845 

 

91,611 

 

 

 

 

 

 

 

Total intangible assets

 

$

291,088 

 

$

297,854 

 

 

 

 

 

 

 

 

 

 

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 six months ended June 30, 2015 is as follows (amounts in thousands):

 

 

 

Net Balance at December
31, 2014

 

Additions

 

Impairment

 

Net Balance at June
30, 2015

 

Broadcast license

 

$

41,356 

 

$

 

$

 

$

41,356 

 

Goodwill

 

164,887 

 

 

 

164,887 

 

Brands

 

15,986 

 

 

 

15,986 

 

Other intangibles

 

700 

 

 

 

700 

 

 

 

 

 

 

 

 

 

 

 

Total indefinite-lived intangibles

 

$

222,929 

 

$

 

$

 

$

222,929 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of the changes in other amortizable intangible assets

 

A summary of the changes in the Company’s other amortizable intangible assets for the six months ended June 30, 2015 is as follows (amounts in thousands):

 

 

 

Net Balance at December
31, 2014

 

Additions

 

Amortization

 

Net Balance at
June 30, 2015

 

Affiliate relationships

 

$

69,064

 

$

 

$

(6,150

)

$

62,914

 

Advertiser Relationships

 

2,896

 

 

(276

)

2,620

 

Non-Compete Agreement

 

2,882

 

 

(274

)

2,608

 

Other intangibles

 

83

 

17

 

(83

)

17

 

 

 

 

 

 

 

 

 

 

 

Total Finite-lived intangibles

 

$

74,925

 

$

17

 

$

(6,783

)

$

68,159

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of future estimated amortization expense

 

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

 

Year Ending December 31,

 

Amount

 

Remainder 2015

 

$

6,700 

 

2016

 

13,405 

 

2017

 

13,232 

 

2018

 

13,175 

 

2019

 

8,432 

 

2020

 

6,027 

 

2021 and thereafter

 

7,188 

 

 

 

 

 

 

 

$

68,159