Intangible Assets and Goodwill

9 Months Ended

Mar. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill [Text Block]

Intangible Assets and Goodwill

Intangible assets consist of the following:



	March 31, 2015							June 30, 2014
(In thousands)	Gross Amount		Accumulated Amortization			Net Amount		Gross Amount		Accumulated Amortization			Net Amount
Intangible assets
subject to amortization
National media
Advertiser relationships	$	18,079	$	(6,054	)	$	12,025	$	8,752	$	(6,069	)	$	2,683
Customer lists	10,220		(5,815		)	4,405		16,257		(14,852		)	1,405
Other	18,000		(6,572		)	11,428		17,105		(5,608		)	11,497
Local media
Network affiliation agreements	229,309		(127,755		)	101,554		228,314		(122,888		)	105,426
Retransmission agreements	21,290		(2,574		)	18,716		17,404		(188		)	17,216
Other	1,194		(80		)	1,114		1,020		—			1,020
Total	$	298,092	$	(148,850	)	149,242		$	288,852	$	(149,605	)	139,247
Intangible assets not
subject to amortization
National media
Internet domain names						6,227							1,827
Trademarks						161,589							148,889
Local media
FCC licenses						624,684							523,334
Total						792,500							674,050
Intangible assets, net						$	941,742						$	813,297

Amortization expense was $11.8 million for the nine months ended March 31, 2015. Annual amortization expense for intangible assets is expected to be as follows: $17.0 million in fiscal 2015, $19.3 million in fiscal 2016, $16.7 million in fiscal 2017, $13.5 million in fiscal 2018, and $12.3 million in fiscal 2019.

Changes in the carrying amount of goodwill were as follows:



Nine months ended March 31,	2015						2014
(In thousands)	National Media		Local Media		Total		National Media			Local Media		Total
Balance at beginning of period	$	789,038	$	51,823	$	840,861	$	788,854		$	—	$	788,854
Acquisitions	179,424		17,606		197,030		(68		)	68,410		68,342
Balance at end of period	$	968,462	$	69,429	$	1,037,891	$	788,786		$	68,410	$	857,196

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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