Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Goodwill consisted of the following:

(in thousands)	Local Media			National Media			Total
Gross balance as of December 31, 2019	$	1,143,859		$	395,313		$	1,539,172
Accumulated impairment losses	(216,914		)	(50,403		)	(267,317		)
Net balance as of December 31, 2019	$	926,945		$	344,910		$	1,271,855
Gross balance as of March 31, 2020	$	1,147,347		$	395,297		$	1,542,644
Accumulated impairment losses	(216,914		)	(50,403		)	(267,317		)
Net balance as of March 31, 2020	$	930,433		$	344,894		$	1,275,327

Summary of other finite-lived intangible assets

Other intangible assets consisted of the following:

(in thousands)	As of  March 31,  2020			As of  December 31,  2019
Amortizable intangible assets:
Carrying amount:
Television network affiliation relationships	$	616,244		$	616,244
Customer lists and advertiser relationships	111,700			111,700
Other	109,281			109,156
Total carrying amount	837,225			837,100
Accumulated amortization:
Television network affiliation relationships	(90,872		)	(82,917		)
Customer lists and advertiser relationships	(51,419		)	(48,586		)
Other	(33,058		)	(29,721		)
Total accumulated amortization	(175,349		)	(161,224		)
Net amortizable intangible assets	661,876			675,876
Indefinite-lived intangible assets — FCC licenses	385,915			385,915
Total other intangible assets	$	1,047,791		$	1,061,791

Summary of other indefinite-lived intangible assets

Other intangible assets consisted of the following:

(in thousands)	As of  March 31,  2020			As of  December 31,  2019
Amortizable intangible assets:
Carrying amount:
Television network affiliation relationships	$	616,244		$	616,244
Customer lists and advertiser relationships	111,700			111,700
Other	109,281			109,156
Total carrying amount	837,225			837,100
Accumulated amortization:
Television network affiliation relationships	(90,872		)	(82,917		)
Customer lists and advertiser relationships	(51,419		)	(48,586		)
Other	(33,058		)	(29,721		)
Total accumulated amortization	(175,349		)	(161,224		)
Net amortizable intangible assets	661,876			675,876
Indefinite-lived intangible assets — FCC licenses	385,915			385,915
Total other intangible assets	$	1,047,791		$	1,061,791