XML 50 R23.htm IDEA: XBRL DOCUMENT v3.2.0.727
GOODWILL, BROADCAST LICENCES AND OTHER INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The change in the carrying amount of goodwill related to continuing operations was as follows (in thousands):

 
Broadcast
 
Other Operating Divisions
 
Consolidated
Balance at December 31, 2014
 
 
 
 
 
Goodwill
$
2,377,613

 
$
513

 
$
2,378,126

Accumulated impairment losses
(413,573
)
 
—

 
(413,573
)
 
1,964,040

 
513

 
1,964,553

Measurement period adjustments related to 2014 acquisitions (a)
(16,226
)
 
—

 
(16,226
)
Change in assets held for sale (b)
—

 
2,975

 
2,975

Balance at June 30, 2015
 
 
 
 
 
Goodwill
2,361,387

 
3,488

 
2,364,875

Accumulated impairment losses
(413,573
)
 
—

 
(413,573
)
 
$
1,947,814

 
$
3,488

 
$
1,951,302


(a)     Amounts relate to immaterial measurement period adjustments related to 2014 acquisitions as discussed in Note 2. Acquisitions.

(b)     During the six months ended June 30, 2015, we concluded that the assets of Triangle were no longer classified as assets held for sale. See Note 3. Disposition of Assets for further discussion.
Schedule of Indefinite-Lived Intangible Assets
As of June 30, 2015 and December 31, 2014, the carrying amount of our broadcast licenses was as follows (in thousands):

 
June 30, 2015
Balance at December 31, 2014
$
135,075

Sale of broadcast assets
(75
)
Measurement period adjustments related to 2014 acquisitions (a)
(4,085
)
Balance at June 30, 2015
$
130,915


(a)
Finite-lived Intangible Assets Amortization
The following table shows the gross carrying amount and accumulated amortization of definite-lived intangibles (in thousands):
 
As of June 30, 2015
 
Gross Carrying Value
 
Accumulated Amortization
 
Net
Amortized intangible assets:
 
 
 
 
 
Network affiliation (a)
$
1,388,691

 
$
(303,590
)
 
$
1,085,101

Customer relationships (a)
766,979

 
(199,687
)
 
567,292

Other (b)
215,359

 
(74,833
)
 
140,526

Total
$
2,371,029

 
$
(578,110
)
 
$
1,792,919


 
As of December 31, 2014
 
Gross Carrying Value
 
Accumulated Amortization
 
Net
Amortized intangible assets:
 
 
 
 
 
Network affiliation (a)
$
1,396,792

 
$
(257,526
)
 
$
1,139,266

Customer relationships (a)
749,292

 
(177,453
)
 
571,839

Other (b)
174,442

 
(67,284
)
 
107,158

Total
$
2,320,526

 
$
(502,263
)
 
$
1,818,263


(a)    Changes between the gross carrying value from December 31, 2014 to June 30, 2015, relate to immaterial measurement period adjustments related to 2014 acquisitions as discussed in Note 2. Acquisitions.

(b)    The increase in other intangible assets includes $16.7 million in additions from other operating divisions in 2015