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Goodwill and Other Intangible Assets
 9 Months Ended
Sep. 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
 
484,149

 
—

 
484,149

Omny acquisition
 
—

 
5,150

 
5,150

Balance as of September 30, 2019
 
$
975,368

 
$
347,944

 
$
1,323,312

 
 
 
 
 
 
 
Gross balance as of September 30, 2019
 
$
1,192,282

 
$
398,347

 
$
1,590,629

Accumulated impairment losses
 
(216,914
)
 
(50,403
)
 
(267,317
)
Net balance as of September 30, 2019
 
$
975,368

 
$
347,944

 
$
1,323,312



Other intangible assets consisted of the following:
(in thousands)
 
As of 
 September 30, 
 2019
 
As of 
 December 31, 
 2018
 
 
 
 
 
Amortizable intangible assets:
 
 
 
 
Carrying amount:
 
 
 
 
Television network affiliation relationships
 
$
591,544

 
$
248,444

Customer lists and advertiser relationships
 
112,332

 
100,500

Other
 
108,767

 
88,393

Total carrying amount
 
812,643

 
437,337

Accumulated amortization:
 
 
 
 
Television network affiliation relationships
 
(75,472
)
 
(62,020
)
Customer lists and advertiser relationships
 
(45,195
)
 
(36,380
)
Other
 
(25,566
)
 
(17,199
)
Total accumulated amortization
 
(146,233
)
 
(115,599
)
Net amortizable intangible assets
 
666,410

 
321,738

Indefinite-lived intangible assets — FCC licenses
 
354,615

 
157,215

Total other intangible assets
 
$
1,021,025

 
$
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 $14.9 million for the remainder of 2019, $55.9 million in 2020, $53.1 million in 2021, $48.3 million in 2022, $43.3 million in 2023, $41.5 million in 2024 and $409.4 million in later years.