Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets

Schedule of goodwill and intangible assets

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

	September 30,		December 31,
	2021		2020
Broadcast license	$	41,356	$	41,356
Goodwill		236,764		165,597
Other intangibles		120,879		24,761
Total intangible assets	$	398,999	$	231,714

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 nine months ended September 30, 2021 is as follows (amounts in thousands):

	Net Balance at						Net Balance at
	December 31, 2020		Additions		Impairment		September 30, 2021
Broadcast license	$	41,356	$	—	$	—	$	41,356
Goodwill		165,597		71,167		—		236,764
Brands		15,986		—		—		15,986
Other intangibles		700		—		—		700
Total indefinite-lived intangibles	$	223,639	$	71,167	$	—	$	294,806

Summary of the changes in finite lived intangible assets

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

	Net Balance at						Net Balance at
	December 31, 2020		Additions		Amortization		September 30, 2021
Affiliate and customer relationships	$	7,304	$	56,644	$	(9,728)	$	54,220
Programming contracts		427		29,420		(3,251)		26,596
Brand		—		24,607		(1,230)		23,377
Non-compete agreement		329		—		(329)		—
Other intangibles		15		—		(15)		—
Total finite-lived intangibles	$	8,075	$	110,671	$	(14,553)	$	104,193

Schedule of future estimated amortization expense

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

Year Ending December 31,	Amount
Remainder of 2021	$	6,372
2022		21,171
2023		19,733
2024		19,733
2025 and thereafter		37,184
Total	$	104,193