Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill by business segment was as follows:



(in thousands)	Television			Newspapers			Syndication and other		Total

Gross balance as of December 31, 2013	$	243,380		$	778,900		$	—	$	1,022,280
Accumulated impairment losses	(215,414		)	(778,900		)	—		(994,314		)
Net balance as of December 31, 2013	27,966			—			—		27,966
2014 Newsy acquisition	—			—			28,938		28,938
2014 Acquired Granite Stations	48,667			—			—		48,667
Balance as of June 30, 2014	$	76,633		$	—		$	28,938	$	105,571

Gross balance as of June 30, 2014	$	292,047		$	778,900		$	28,938	$	1,099,885
Accumulated impairment losses	(215,414		)	(778,900		)	—		(994,314		)
Net balance as of June 30, 2014	$	76,633		$	—		$	28,938	$	105,571

Other intangible assets consisted of the following:



(in thousands)	As of June 30, 2014			As of December 31, 2013

Amortizable intangible assets:
Carrying amount:
Television network affiliation relationships	$	87,944		$	78,844
Customer lists and advertiser relationships	30,404			22,304
Retransmission agreements	14,700			—
Other	5,361			3,561
Total carrying amount	138,409			104,709
Accumulated amortization:
Television network affiliation relationships	(11,666		)	(9,691		)
Customer lists and advertiser relationships	(14,770		)	(13,138		)
Retransmission agreements	—			—
Other	(2,045		)	(1,833		)
Total accumulated amortization	(28,481		)	(24,662		)
Net amortizable intangible assets	109,928			80,047
Other indefinite-lived intangible assets — FCC licenses	79,215			57,815
Total other intangible assets	$	189,143		$	137,862

Estimated amortization expense of intangible assets for each of the next five years is $5.2 million for the remainder of 2014, $10.1 million in 2015, $10.1 million in 2016, $7.6 million in 2017, $7.6 million in 2018, $6.6 million in 2019, and $62.7 million in later years.

- 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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