Note 10 - Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

10. Goodwill and Intangible Assets

As of March 31, 2025 and December 31, 2024, our intangible assets and related accumulated amortization consisted of the following (in millions):

	As of March 31, 2025							As of December 31, 2024
			Accumulated							Accumulated
	Gross		Amortization			Net		Gross		Amortization			Net
Intangible assets not currently subject to amortization:
Broadcast licenses	$	5,366	$	(54	)	$	5,312	$	5,365	$	(54	)	$	5,311
Goodwill		2,642		-			2,642		2,642		-			2,642
	$	8,008	$	(54	)	$	7,954	$	8,007	$	(54	)	$	7,953
Intangible assets subject to amortization:
Network affiliation agreements	$	216	$	(167	)	$	49	$	216	$	(160	)	$	56
Other finite-lived intangible assets		991		(779	)		212		992		(758	)		234
	$	1,207	$	(946	)	$	261	$	1,208	$	(918	)	$	290
Total intangible assets	$	9,215	$	(1,000	)	$	8,215	$	9,215	$	(972	)	$	8,243

Amortization expense for the three-months ended March 31, 2025 and 2024 was $29 million and $31 million, respectively. Based on the current amount of intangible assets subject to amortization, we expect that amortization expense for the remainder of 2025 will be approximately $85 million, and, for the succeeding five years, amortization expense will be approximately as follows: 2026, $83 million; 2027, $47 million; 2028, $13 million; 2029, $3 million; and 2030, $2 million. If and when acquisitions and dispositions occur in the future, actual amounts may vary from these estimates.