Note 10 - Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

10. Goodwill and Intangible Assets

As of March 31, 2023 and December 31, 2022, our intangible assets and related accumulated amortization consisted of the following (in millions):

	As of March 31, 2023							As of December 31, 2022
			Accumulated							Accumulated
	Gross		Amortization			Net		Gross		Amortization			Net
Intangible assets not currently subject to amortization:
Broadcast licenses	$	5,385	$	(54	)	$	5,331	$	5,385	$	(54	)	$	5,331
Goodwill		2,663		-			2,663		2,663		-			2,663
	$	8,048	$	(54	)	$	7,994	$	8,048	$	(54	)	$	7,994
Intangible assets subject to amortization:
Network affiliation agreements	$	218	$	(98	)	$	120	$	218	$	(88	)	$	130
Other finite-lived intangible assets		1,055		(589	)		466		1,055		(549	)		506
	$	1,273	$	(687	)	$	586	$	1,273	$	(637	)	$	636
Total intangible assets	$	9,321	$	(741	)	$	8,580	$	9,321	$	(691	)	$	8,630

Amortization expense for the three-months ended March 31, 2023 and 2022 was $49 million and $52 million, respectively. Based on the current amount of intangible assets subject to amortization, we expect that amortization expense for the remainder of 2023 will be approximately $147 million, and, for the succeeding five years, amortization expense will be approximately as follows: 2024, $132 million; 2025, $121 million; 2026, $91 million; 2027, $49 million; and 2028, $13 million. If and when acquisitions and dispositions occur in the future, actual amounts may vary from these estimates.