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Intangible Assets and Goodwill
 6 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill
6. Intangible Assets and Goodwill

Intangible assets consisted of the following:
 
December 31, 2019
 
 
June 30, 2019
(In millions)
Gross
Amount
 
Accumulated
Amortization
 
Net
Amount
 
 
Gross
Amount
 
Accumulated
Amortization
 
Net
Amount
Intangible assets
   subject to amortization
 
 
 
 
 
 
 
 
 
 
 
 
National media
 
 
 
 
 
 
 
 
 
 
 
 
Advertiser relationships
$
211.0

 
$
(134.9
)
 
$
76.1

 
 
$
213.3

 
$
(102.0
)
 
$
111.3

Publisher relationships
132.8

 
(34.5
)
 
98.3

 
 
125.0

 
(25.4
)
 
99.6

Partner relationships
98.2

 
(30.6
)
 
67.6

 
 
98.2

 
(22.7
)
 
75.5

Customer relationships
70.4

 
(62.1
)
 
8.3

 
 
67.5

 
(46.3
)
 
21.2

Other
26.1

 
(15.2
)
 
10.9

 
 
23.2

 
(14.9
)
 
8.3

Local media
 
 
 
 
 
 
 
 
 
 
 
 
Network affiliation agreements
229.3

 
(158.3
)
 
71.0

 
 
229.3

 
(155.1
)
 
74.2

Advertiser relationships
12.5

 
(8.0
)
 
4.5

 
 
12.5

 
(5.8
)
 
6.7

Retransmission agreements
27.9

 
(21.2
)
 
6.7

 
 
27.9

 
(19.1
)
 
8.8

Other
1.7

 
(1.4
)
 
0.3

 
 
1.7

 
(1.2
)
 
0.5

Total
$
809.9

 
$
(466.2
)
 
343.7

 
 
$
798.6

 
$
(392.5
)
 
406.1

Intangible assets not
   subject to amortization
 
 
 
 
 
 
 
 
 
 
 
 
National media
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks
 
 
 
 
726.9

 
 
 
 
 
 
724.5

Internet domain names
 
 
 
 
8.3

 
 
 
 
 
 
7.8

Local media
 
 
 
 
 
 
 
 
 
 
 
 
FCC licenses
 
 
 
 
675.2

 
 
 
 
 
 
675.2

Total
 
 
 
 
1,410.4

 
 
 
 
 
 
1,407.5

Intangible assets, net
 
 
 
 
$
1,754.1

 
 
 
 
 
 
$
1,813.6



Amortization expense was $77.7 million and $77.6 million for the six months ended December 31, 2019, and 2018, respectively. Annual amortization expense for intangible assets is expected to be as follows: $143.3 million in fiscal 2020, $91.8 million in fiscal 2021, $44.2 million in fiscal 2022, $41.5 million in fiscal 2023, and $34.0 million in fiscal 2024.

During the first quarter of fiscal 2020, the Company recorded an impairment charge of $5.2 million on a national media trademark. Management determined this trademark was fully impaired as part of management's commitment to performance improvement plans, including the closure of the Family Circle brand. The impairment charge is recorded in the impairment of long-lived assets line on the Condensed Consolidated Statements of Earnings.
Changes in the carrying amount of goodwill were as follows:

Six months ended December 31,
2019
 
 
2018
(In millions)
National
Media
 
Local
Media
 
Total
 
 
National
Media
 
Local
Media
 
Total
Goodwill at beginning of period
$
1,862.8

 
$
116.6

 
$
1,979.4

 
 
$
1,800.0

 
$
115.8

 
$
1,915.8

Acquisitions
7.1

 
—

 
7.1

 
 
—

 
—

 
—

Disposals
(16.7
)
 
—

 
(16.7
)
 
 
—

 
—

 
—

Acquisition adjustments
—

 
—

 
—

 
 
56.9

 
0.9

 
57.8

Goodwill at end of period
$
1,853.2

 
$
116.6

 
$
1,969.8

 
 
$
1,856.9

 
$
116.7

 
$
1,973.6