Goodwill And Other Intangible Assets

6 Months Ended

Jun. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill, Other Intangible Assets and Liabilities

NOTE 4: GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill and other intangible assets consisted of the following (in thousands):



	June 30, 2018							December 31, 2017
	Gross Amount		Accumulated Amortization			Net Amount		Gross Amount		Accumulated Amortization			Net Amount
Other intangible assets subject to amortization
Affiliate relationships (useful life of 16 years)	$	212,000	$	(72,875	)	$	139,125	$	212,000	$	(66,250	)	$	145,750
Advertiser relationships (useful life of 8 years)	168,000		(115,500		)	52,500		168,000		(105,000		)	63,000
Network affiliation agreements (useful life of 5 to 16 years)	362,000		(196,143		)	165,857		362,000		(175,337		)	186,663
Retransmission consent agreements (useful life of 7 to 12 years)	830,100		(422,053		)	408,047		830,100		(377,033		)	453,067
Other (useful life of 5 to 15 years)	16,423		(7,354		)	9,069		16,650		(6,565		)	10,085
Total	$	1,588,523	$	(813,925	)	774,598		$	1,588,750	$	(730,185	)	858,565
Other intangible assets not subject to amortization
FCC licenses						740,300							740,300
Trade name						14,800							14,800
Total other intangible assets, net						1,529,698							1,613,665
Goodwill						3,228,774							3,228,988
Total goodwill and other intangible assets						$	4,758,472						$	4,842,653

The changes in the carrying amounts of intangible assets, which are in the Company’s Television and Entertainment segment, during the six months ended June 30, 2018 were as follows (in thousands):



Other intangible assets subject to amortization
Balance as of December 31, 2017	$	858,565
Amortization	(83,808		)
Foreign currency translation adjustment	(159		)
Balance as of June 30, 2018	$	774,598

Other intangible assets not subject to amortization
Balance as of June 30, 2018 and December 31, 2017	$	755,100

Goodwill
Gross balance as of December 31, 2017	$	3,609,988
Accumulated impairment losses at December 31, 2017	(381,000		)
Balance at December 31, 2017	3,228,988
Foreign currency translation adjustment	(214		)
Balance as of June 30, 2018	$	3,228,774
Total goodwill and other intangible assets as of June 30, 2018	$	4,758,472

Amortization expense relating to amortizable intangible assets is expected to be approximately $83 million for the remainder of 2018, $140 million in 2019, $134 million in 2020, $103 million in 2021, $84 million in 2022 and $57 million in 2023.

- 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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