Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 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	$	318,734	$	1,462,593
Accumulated impairment losses	(216,914)		(21,000)		(237,914)
Net balance as of December 31, 2019	$	926,945	$	297,734	$	1,224,679
Gross balance as of September 30, 2020	$	1,120,729	$	318,718	$	1,439,447
Accumulated impairment losses	(216,914)		(21,000)		(237,914)
Net balance as of September 30, 2020	$	903,815	$	297,718	$	1,201,533

Summary of other finite-lived intangible assets

Other intangible assets consisted of the following:

(in thousands)	As of  September 30,  2020		As of  December 31,  2019
Amortizable intangible assets:
Carrying amount:
Television network affiliation relationships	$	616,244	$	616,244
Customer lists and advertiser relationships	102,900		104,300
Other	104,036		102,956
Total carrying amount	823,180		823,500
Accumulated amortization:
Television network affiliation relationships	(106,258)		(82,917)
Customer lists and advertiser relationships	(50,305)		(42,012)
Other	(34,166)		(23,811)
Total accumulated amortization	(190,729)		(148,740)
Net amortizable intangible assets	632,451		674,760
Indefinite-lived intangible assets — FCC licenses	349,915		385,915
Total other intangible assets	$	982,366	$	1,060,675

Schedule of Indefinite-Lived Intangible Assets

Other intangible assets consisted of the following:

(in thousands)	As of  September 30,  2020		As of  December 31,  2019
Amortizable intangible assets:
Carrying amount:
Television network affiliation relationships	$	616,244	$	616,244
Customer lists and advertiser relationships	102,900		104,300
Other	104,036		102,956
Total carrying amount	823,180		823,500
Accumulated amortization:
Television network affiliation relationships	(106,258)		(82,917)
Customer lists and advertiser relationships	(50,305)		(42,012)
Other	(34,166)		(23,811)
Total accumulated amortization	(190,729)		(148,740)
Net amortizable intangible assets	632,451		674,760
Indefinite-lived intangible assets — FCC licenses	349,915		385,915
Total other intangible assets	$	982,366	$	1,060,675