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Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2021

Note 5. Goodwill and Intangible Assets

Goodwill and intangible assets consist of the following as of June 30, 2021 and December 31, 2020 (amounts in thousands):


	June 30,		December 31,
	2021		2020
Broadcast license	$	41,356	$	41,356
Goodwill		309,774		165,597
Other intangibles		50,741		24,761
Total intangible assets	$	401,871	$	231,714

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, 2021 is as follows (amounts in thousands):


	Net Balance at						Net Balance at
	December 31, 2020		Additions		Impairment		June 30, 2021
Broadcast license	$	41,356	$	—	$	—	$	41,356
Goodwill		165,597		144,177		—		309,774
Brands		15,986		—		—		15,986
Other intangibles		700		—		—		700
Total indefinite-lived intangibles	$	223,639	$	144,177	$	—	$	367,816

A summary of the changes in the Company’s other amortizable intangible assets for the six months ended June 30, 2021 is as follows (amounts in thousands):


	Net Balance at						Net Balance at
	December 31, 2020		Additions		Amortization		June 30, 2021
Affiliate and customer relationships	$	7,304	$	—	$	(2,886)	$	4,418
Non-compete agreement		329		—		(180)		149
Programming contracts		427		30,767		(1,710)		29,484
Other intangibles		15		—		(11)		4
Total finite-lived intangibles	$	8,075	$	30,767	$	(4,787)	$	34,055

The aggregate amortization expense of the Company’s amortizable intangible assets was $3.2 million and $1.6 million for the three months ended June 30, 2021 and 2020, respectively, and $4.8 million and $3.5 million for the six months ended June 30, 2021 and 2020, respectively. The weighted average remaining amortization period is 3.9 years at June 30, 2021.

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


Year Ending December 31,	Amount
Remainder of 2021	$	6,415
2022		8,210
2023		6,772
2024		6,772
2025 and thereafter		5,886
Total	$	34,055