Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2011

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets

11. Goodwill and Intangible Assets

A summary of changes in our goodwill and other intangible assets, on a net basis, for the years ended December 31, 2011 and 2010 is as follows (in thousands):

	Net Balance at   December 31, 2010		Adjustments		Impairment		Amortization		Net Balance at   December 31, 2011
Goodwill	$	170,522	$	-	$	-	$	-	$	170,522
Broadcast licenses		818,981		-		-		-		818,981
Definite lived intangible assets		837		-		-		(125)		712
Total intangible assets net of accumulated amortization	$	990,340	$	-	$	-	$	(125)	$	990,215

	Net Balance at   December 31, 2009		Adjustments		Impairment		Amortization		Net Balance at   December 31, 2010
Goodwill		170,522	$	-	$	-	$	-	$	170,522
Broadcast licenses		818,981		-		-		-		818,981
Definite lived intangible assets		1,316		-		-		(479)		837
Total intangible assets net of accumulated amortization	$	990,819	$	-	$	-	$	(479)	$	990,340

A summary of changes in our goodwill, on a gross basis, for the years ended December 31, 2011 and 2010 is as follows (in thousands):

	As of				As of
	December 31, 2010		Impairment		December 31, 2011
Goodwill, gross	$	269,118	$	-	$	269,118
Accumulated goodwill impairment		(98,596)		-		(98,596)
Goodwill, net	$	170,522	$	-	$	170,522

	As of   December  31, 2009		Impairment		As of   December 31, 2010
Goodwill, gross	$	269,118	$	-	$	269,118
Accumulated goodwill impairment		(98,596)		-		(98,596)
Goodwill, net	$	170,522	$	-	$	170,522

As of December 31, 2011 and 2010, our intangible assets and related accumulated amortization consisted of the following (in thousands):

	As of December 31, 2011						As of December 31, 2010
			Accumulated						Accumulated
	Gross		Amortization		Net		Gross		Amortization		Net
Intangible assets not currently subject to amortization:
Broadcast licenses	$	872,680	$	(53,699)	$	818,981	$	872,680	$	(53,699)	$	818,981
Goodwill		170,522		-		170,522		170,522		-		170,522
	$	1,043,202	$	(53,699)	$	989,503	$	1,043,202	$	(53,699)	$	989,503
Intangible assets subject to amortization:
Network affiliation agreements	$	1,264	$	(1,264)	$	-	$	1,264	$	(1,247)	$	17
Other definite lived intangible assets		13,484		(12,772)		712		13,484		(12,664)		820
	$	14,748	$	(14,036)	$	712	$	14,748	$	(13,911)	$	837
Total intangibles	$	1,057,950	$	(67,735)	$	990,215	$	1,057,950	$	(67,610)	$	990,340

Amortization expense for the years ended December 31, 2011, 2010 and 2009 was $0.1 million, $0.5 million and $0.6 million, respectively. Based on the current amount of intangible assets subject to amortization, we expect that amortization expense for the succeeding five years will be as follows: 2012, $75,000; 2013, $50,000; 2014, $38,000; 2015, $38,000; and 2016, $38,000. If and when acquisitions and dispositions occur in the future, actual amounts may vary from these estimates.

Impairment of goodwill and broadcast license

As of December 31, 2011 and 2010, we tested our goodwill, broadcast licenses and other intangible asset recorded values for potential impairment and concluded that the balances were reasonably stated. As a result, we did not record an impairment expense for our goodwill, broadcast licenses or other intangible assets during fiscal 2011, 2010 or 2009.

See Note 1. “Description of Business and Summary of Significant Accounting Policies” for further discussion of our accounting policies regarding goodwill, broadcast licenses and other intangible assets.