Note 8 - Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

8.      Goodwill and Intangible Assets

During the six months ended June 30, 2014, we acquired various television broadcast stations and broadcast licenses. As a result of these acquisitions, our goodwill and intangible balances increased during the six months ended June 30, 2014. See Note 2 “Acquisitions” for more information regarding these transactions. A summary of changes in our goodwill and other intangible assets, on a net basis, for the six months ended June 30, 2014 is as follows (in thousands):

	Net Balance at		Acquisitions							Net Balance at
	December 31,		And							June 30,
	2013		Adjustments		Impairments		Amortization			2014
Goodwill	$	184,409	$	135,718	$	-	$	-		$	320,127
Broadcast licenses		838,982		97,824		-		-			936,806
Definite lived intangible assets		2,644		39,796		-		(1,468	)		40,972
Total intangible assets net of accumulated amortization	$	1,026,035	$	273,338	$	-	$	(1,468	)	$	1,297,905

As of June 30, 2014 and December 31, 2013, our intangible assets and related accumulated amortization consisted of the following (in thousands):

	As of June 30, 2014							As of December 31, 2013
			Accumulated							Accumulated
	Gross		Amortization			Net		Gross		Amortization			Net
Intangible assets not subject to amortization:
Broadcast licenses	$	990,505	$	(53,699	)	$	936,806	$	892,681	$	(53,699	)	$	838,982
Goodwill		320,127		-			320,127		184,409		-			184,409
	$	1,310,632	$	(53,699	)	$	1,256,933	$	1,077,090	$	(53,699	)	$	1,023,391
Intangible assets subject to amortization:
Network affiliation agreements	$	1,265	$	(1,265	)	$	-		1,264	$	(1,264	)	$	-
Other definite lived intangible assets		55,621		(14,649	)		40,972		15,826		(13,182	)		2,644
	$	56,886	$	(15,914	)	$	40,972	$	17,090	$	(14,446	)	$	2,644
Total intangibles	$	1,367,518	$	(69,613	)	$	1,297,905	$	1,094,180	$	(68,145	)	$	1,026,035

Upon renewal of intangible assets such as network affiliations and broadcast licenses, we expense all related fees as incurred.