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Goodwill and Other Intangible Assets
 6 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill consisted of the following:
(in thousands)
 
Local Media
 
National Media
 
Total
 
 
 
 
 
 
 
Gross balance as of December 31, 2018
 
$
708,133

 
$
393,197

 
$
1,101,330

Accumulated impairment losses
 
(216,914
)
 
(50,403
)
 
(267,317
)
Net balance as of December 31, 2018
 
491,219

 
342,794

 
834,013

Television station acquisitions
 
272,084

 
—

 
272,084

Omny acquisition
 
—

 
5,150

 
5,150

Balance as of June 30, 2019
 
$
763,303

 
$
347,944

 
$
1,111,247

 
 
 
 
 
 
 
Gross balance as of June 30, 2019
 
$
980,217

 
$
398,347

 
$
1,378,564

Accumulated impairment losses
 
(216,914
)
 
(50,403
)
 
(267,317
)
Net balance as of June 30, 2019
 
$
763,303

 
$
347,944

 
$
1,111,247



Other intangible assets consisted of the following:
(in thousands)
 
As of 
 June 30, 
 2019
 
As of 
 December 31, 
 2018
 
 
 
 
 
Amortizable intangible assets:
 
 
 
 
Carrying amount:
 
 
 
 
Television network affiliation relationships
 
$
434,544

 
$
248,444

Customer lists and advertiser relationships
 
105,032

 
100,500

Other
 
110,066

 
88,393

Total carrying amount
 
649,642

 
437,337

Accumulated amortization:
 
 
 
 
Television network affiliation relationships
 
(69,950
)
 
(62,020
)
Customer lists and advertiser relationships
 
(42,028
)
 
(36,380
)
Other
 
(22,587
)
 
(17,199
)
Total accumulated amortization
 
(134,565
)
 
(115,599
)
Net amortizable intangible assets
 
515,077

 
321,738

Indefinite-lived intangible assets — FCC licenses
 
209,715

 
157,215

Total other intangible assets
 
$
724,792

 
$
478,953



On April 4, 2019, we acquired assets from an independent station in Stuart, Florida, for $23.6 million in cash. The value attributed to the acquired FCC license totaled $19.2 million and $4.1 million of value was attributed to an other intangible asset.

Estimated amortization expense of intangible assets for each of the next five years is $24.7 million for the remainder of 2019, $46.5 million in 2020, $43.8 million in 2021, $39.1 million in 2022, $34.1 million in 2023, $32.7 million in 2024 and $294.2 million in later years.