XML 58 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1
Goodwill, Other Intangible Assets and Intangible Liabilities (Tables)
 12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill
Goodwill and other intangible assets consisted of the following (in thousands):
 
December 31, 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

 
$
(79,500
)
 
$
132,500

 
$
212,000

 
$
(66,250
)
 
$
145,750

Advertiser relationships (useful life of 8 years)
168,000

 
(126,000
)
 
42,000

 
168,000

 
(105,000
)
 
63,000

Network affiliation agreements (useful life of 11 to 16 years)
228,700

 
(83,649
)
 
145,051

 
362,000

 
(175,337
)
 
186,663

Retransmission consent agreements (useful life of 7 to 12 years)
830,100

 
(467,073
)
 
363,027

 
830,100

 
(377,033
)
 
453,067

Other (useful life of 5 to 15 years)
16,015

 
(8,137
)
 
7,878

 
16,650

 
(6,565
)
 
10,085

Total
$
1,454,815

 
$
(764,359
)
 
690,456

 
$
1,588,750

 
$
(730,185
)
 
858,565

Other intangible assets not subject to amortization
 
 
 
 
 
 
 
 
 
 
 
FCC licenses
 
 
 
 
737,200

 
 
 
 
 
740,300

Trade name
 
 
 
 
14,800

 
 
 
 
 
14,800

Total other intangible assets, net
 
 
 
 
1,442,456

 
 
 
 
 
1,613,665

Goodwill
 
 
 
 
3,228,601

 
 
 
 
 
3,228,988

Total goodwill and other intangible assets
 
 
 
 
$
4,671,057

 
 
 
 
 
$
4,842,653
Schedule of Changes of Finite-Lived Intangible Assets, Indefinite-Lived Intangible Assets, and Goodwill
The changes in the carrying amounts of intangible assets, which are in the Company’s Television and Entertainment segment, during the years ended December 31, 2018 and December 31, 2017 were as follows (in thousands):
Other intangible assets subject to amortization
 
Balance as of December 31, 2016
$
1,025,134

Amortization (1)
(167,560
)
Balance sheet reclassifications (2)
86

Foreign currency translation adjustment
905

Balance as of December 31, 2017
$
858,565

Amortization (1)
(167,596
)
Balance sheet reclassifications (2)
(226
)
Foreign currency translation adjustment
(287
)
Balance as of December 31, 2018
$
690,456

 
 
Other intangible assets not subject to amortization
 
Balance as of December 31, 2016
$
794,000

Reclassification to assets held for sale (3)
(38,900
)
Balance as of December 31, 2017
$
755,100

Impairment charge
(3,100
)
Balance as of December 31, 2018
$
752,000

 
 
Goodwill
 
Gross balance as of December 31, 2016
$
3,608,930

Accumulated impairment losses as of December 31, 2016
(381,000
)
Balance as of December 31, 2016
3,227,930

Foreign currency translation adjustment
1,058

Balance as of December 31, 2017
$
3,228,988

Foreign currency translation adjustment
(387
)
Balance as of December 31, 2018
$
3,228,601

Total goodwill and other intangible assets as of December 31, 2018
$
4,671,057

 

(1)
Amortization of intangible assets includes $1 million related to lease contract intangible assets and is recorded in cost of sales or SG&A expense, if applicable, in the Consolidated Statements of Operations.
(2)
Represents net reclassifications which are reflected as a decrease (increase) to broadcast rights assets in the Consolidated Balance Sheets at December 31, 2017 and December 31, 2018, respectively.
(3)
See Note 4 for additional information regarding FCC licenses reclassified to assets held for sale.