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Intangible Assets and Goodwill (Tables)
 12 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
Intangible assets consist of the following:

June 30,
2019
 
 
2018
(In millions)
Gross Amount
 
Accumulated Amortization
 
Net Amount
 
 
Gross
Amount
 
Accumulated
Amortization
 
Net
Amount
Intangible assets
   subject to amortization
 
 
 
 
 
 
 
 
 
 
 
 
National media
 
 
 
 
 
 
 
 
 
 
 
 
Advertiser relationships
$
213.3

 
$
(102.0
)
 
$
111.3

 
 
$
212.3

 
$
(41.1
)
 
$
171.2

Publisher relationships
125.0

 
(25.4
)
 
99.6

 
 
125.0

 
(7.4
)
 
117.6

Partner relationships
98.2

 
(22.7
)
 
75.5

 
 
95.0

 
(6.6
)
 
88.4

Customer lists
67.5

 
(46.3
)
 
21.2

 
 
67.5

 
(14.0
)
 
53.5

Other
23.2

 
(14.9
)
 
8.3

 
 
22.0

 
(11.9
)
 
10.1

Local media
 
 
 
 
 
 
 

 

 

Network
229.3

 
(155.1
)
 
74.2

 
 
229.3

 
(148.6
)
 
80.7

Advertiser relationships
12.5

 
(5.8
)
 
6.7

 
 
25.0

 
(3.5
)
 
21.5

Retransmission agreements
27.9

 
(19.1
)
 
8.8

 
 
27.9

 
(14.9
)
 
13.0

Other
1.7

 
(1.2
)
 
0.5

 
 
1.7

 
(0.8
)
 
0.9

Total
$
798.6

 
$
(392.5
)
 
406.1

 
 
$
805.7

 
$
(248.8
)
 
556.9

Intangible assets not
   subject to amortization
 
 
 
 
 
 
 
 
 
 
 
 
National media
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks
 
 
 
 
724.5

 
 
 
 
 
 
766.3

Internet domain names
 
 
 
 
7.8

 
 
 
 
 
 
7.8

Local media
 
 
 
 
 
 
 
 
 
 
 
 
FCC licenses
 
 
 
 
675.2

 
 
 
 
 
 
675.2

Total
 
 
 
 
1,407.5

 
 
 
 
 
 
1,449.3

Intangible assets, net
 
 
 
 
$
1,813.6

 
 
 
 
 
 
$
2,006.2
Schedule of Indefinite-Lived Intangible Assets
Intangible assets consist of the following:

June 30,
2019
 
 
2018
(In millions)
Gross Amount
 
Accumulated Amortization
 
Net Amount
 
 
Gross
Amount
 
Accumulated
Amortization
 
Net
Amount
Intangible assets
   subject to amortization
 
 
 
 
 
 
 
 
 
 
 
 
National media
 
 
 
 
 
 
 
 
 
 
 
 
Advertiser relationships
$
213.3

 
$
(102.0
)
 
$
111.3

 
 
$
212.3

 
$
(41.1
)
 
$
171.2

Publisher relationships
125.0

 
(25.4
)
 
99.6

 
 
125.0

 
(7.4
)
 
117.6

Partner relationships
98.2

 
(22.7
)
 
75.5

 
 
95.0

 
(6.6
)
 
88.4

Customer lists
67.5

 
(46.3
)
 
21.2

 
 
67.5

 
(14.0
)
 
53.5

Other
23.2

 
(14.9
)
 
8.3

 
 
22.0

 
(11.9
)
 
10.1

Local media
 
 
 
 
 
 
 

 

 

Network
229.3

 
(155.1
)
 
74.2

 
 
229.3

 
(148.6
)
 
80.7

Advertiser relationships
12.5

 
(5.8
)
 
6.7

 
 
25.0

 
(3.5
)
 
21.5

Retransmission agreements
27.9

 
(19.1
)
 
8.8

 
 
27.9

 
(14.9
)
 
13.0

Other
1.7

 
(1.2
)
 
0.5

 
 
1.7

 
(0.8
)
 
0.9

Total
$
798.6

 
$
(392.5
)
 
406.1

 
 
$
805.7

 
$
(248.8
)
 
556.9

Intangible assets not
   subject to amortization
 
 
 
 
 
 
 
 
 
 
 
 
National media
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks
 
 
 
 
724.5

 
 
 
 
 
 
766.3

Internet domain names
 
 
 
 
7.8

 
 
 
 
 
 
7.8

Local media
 
 
 
 
 
 
 
 
 
 
 
 
FCC licenses
 
 
 
 
675.2

 
 
 
 
 
 
675.2

Total
 
 
 
 
1,407.5

 
 
 
 
 
 
1,449.3

Intangible assets, net
 
 
 
 
$
1,813.6

 
 
 
 
 
 
$
2,006.2
Schedule of Goodwill
Changes in the carrying amount of goodwill were as follows:

 
(In millions)
National
Media
 
Local
Media
 
Total
Balance at June 30, 2017
 
 
 
 


Goodwill
$
943.8

 
$
80.6

 
$
1,024.4

Accumulated impairment losses
(116.9
)
 
—

 
(116.9
)
 
 
826.9

 
80.6

 
907.5

Acquisitions
1,028.0

 
35.2

 
1,063.2

Disposals 1
(54.9
)
 
—

 
(54.9
)
Balance at June 30, 2018

 
 
 

Goodwill
1,800.0

 
115.8

 
1,915.8

Accumulated impairment losses
—

 
—

 
—

 
 
1,800.0

 
115.8

 
1,915.8

Acquisitions
10.6

 
0.8

 
11.4

Acquisition adjustments
52.2

 
—

 
52.2

Balance at June 30, 2019


 


 
 
Goodwill
1,862.8

 
116.6

 
1,979.4

Accumulated impairment losses
—

 
—

 
—

 
 
$
1,862.8

 
$
116.6

 
$
1,979.4

 
 
 
 
 
 
 
1 
In connection with the sale of MXM, goodwill was reduced by $171.8 million and accumulated
impairment losses was reduced by $116.9 million.