Goodwill and other intangible assets

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and other intangible assets

NOTE 2 – Goodwill and other intangible assets

The following table displays goodwill, indefinite-lived intangible assets, and amortizable intangible assets as of March 31, 2025 and December 31, 2024 (in thousands):

	Mar. 31, 2025					Dec. 31, 2024
	Gross		Accumulated Amortization			Gross		Accumulated Amortization
Goodwill	$	3,015,944	$	—		$	3,015,944	$	—
Indefinite-lived intangibles:
Television and radio station FCC broadcast licenses		2,124,731					2,124,731
Amortizable intangible assets:
Network affiliation agreements		266,018		(127,716	)		266,018		(122,539	)
Other		104,198		(66,312	)		104,198		(62,636	)
Total indefinite-lived and amortizable intangible assets	$	2,494,947	$	(194,028	)	$	2,494,947	$	(185,175	)

Our network affiliation agreement assets are amortized on a straight-line basis over their estimated useful lives. Other intangible assets primarily include acquired technology from our 2024 acquisition of Octillion Media and distribution agreements from our multicast networks acquisition, which are also amortized on a straight-line basis over their useful lives.