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Intangible Assets and Goodwill (Tables)
6 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
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


Schedule of Indefinite-Lived Intangible Assets
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


Schedule of Goodwill
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