Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Summary of Property and Equipment

We compute depreciation using the straight-line method over estimated useful lives as follows:

Buildings and improvements	15 to 45 years
Leasehold improvements	Shorter of term of lease or useful life
Broadcast transmission towers and related equipment	15 to 35 years
Other broadcast and program production equipment	3 to 15 years
Computer hardware	3 to 5 years
Office and other equipment	3 to 10 years

Property and equipment consisted of the following:

	As of December 31,
(in thousands)	2024		2023
Land and improvements	$	65,212	$	65,402
Buildings and improvements	275,844		252,396
Equipment	646,684		622,981
Computer software	33,389		30,395
Total	1,021,129		971,174
Accumulated depreciation	(567,229)		(515,919)
Net property and equipment	$	453,900	$	455,255