XML 44 R29.htm IDEA: XBRL DOCUMENT v3.8.0.1
GOODWILL, INDEFINITE-LIVED INTANGIBLE ASSETS AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The change in the carrying amount of goodwill was as follows (in thousands):
 
Broadcast
 
Other
 
Consolidated
Balance at December 31, 2015
$
1,927,605

 
$
3,488

 
$
1,931,093

 
 
 
 
 
 
Acquisitions (a)
11,626

 
53,427

 
65,053

Measurement period adjustments related to prior year acquisitions
40

 
—

 
40

Disposition of assets (a)
(5,440
)
 
—

 
(5,440
)

1,933,831

 
56,915

 
1,990,746

 
 
 
 
 
 
Acquisitions (a)
119,426

 
13,966

 
133,392

Measurement period adjustments related to prior year acquisitions
153

 
154

 
307

Disposition of assets (a)
—

 
(412
)
 
(412
)
Balance at December 31, 2017
$
2,053,410

 
$
70,623

 
$
2,124,033

 

(a)
See Note 2. Acquisitions and Dispositions of Assets for discussion of acquisitions and divestitures made during 2017 and 2016.
(b)
Approximately $0.8 million of goodwill relates to consolidated VIEs as of December 31, 2017 and 2016.
Schedule of Indefinite-Lived Intangible Assets
As of December 31, 2017 and 2016, the carrying amount of our indefinite-lived intangible assets was as follows (in thousands):
 
Broadcast
 
Other
 
Consolidated
Balance at December 31, 2015
$
132,465

 
$
—

 
$
132,465

Acquisitions (a)
2,406

 
23,400

 
25,806

Disposition of assets (a)
(1,965
)
 
—

 
(1,965
)
Balance at December 31, 2016 (b)
132,906

 
23,400

 
156,306

Acquisitions (a)
425

 
4,051

 
4,476

Disposition of assets (a)
(1,411
)
 
—

 
(1,411
)
Balance at December 31, 2017 (b) (c)
$
131,920

 
$
27,451

 
$
159,371

 

(a)
See Note 2. Acquisitions and Dispositions of Assets for discussion of acquisitions and divestitures made during 2017 and 2016.
(b)
Approximately $14.3 million and $15.7 million of indefinite-lived intangible assets relate to consolidated VIEs as of December 31, 2017 and 2016, respectively.
(c)
Our indefinite-lived intangible assets in Broadcast relates to broadcast licenses and our indefinite-lived intangible assets in Other relates to trade names.
Finite-Lived Intangible Assets Amortization
The following table shows the gross carrying amount and accumulated amortization of definite-lived intangibles (in thousands):
 
 As of December 31, 2017
 
Gross Carrying Value
 
Accumulated Amortization
 
Net
Amortized intangible assets:
 
 
 
 
 
   Network affiliation (a)
$
1,451,663

 
$
(514,575
)
 
$
937,088

   Customer Relationships (a)
1,229,006

 
(373,966
)
 
855,040

   Other (a)
45,955

 
(36,413
)
 
9,542

Total
$
2,726,624

 
$
(924,954
)
 
$
1,801,670

 
 
As of December 31, 2016
 
Gross Carrying Value
 
Accumulated Amortization
 
Net
Amortized intangible assets:
 
 
 
 
 
   Network affiliation (a)
$
1,398,451

 
$
(427,484
)
 
$
970,967

   Customer Relationships (a)
1,102,591

 
(294,114
)
 
808,477

   Other (a)
243,253

 
(78,294
)
 
164,959

Total
$
2,744,295

 
$
(799,892
)
 
$
1,944,403

 

(a)
Changes between the gross carrying value from December 31, 2016 to December 31, 2017, relate to acquisitions and dispositions in 2017, as discussed in Note 2. Acquisitions and Dispositions of Assets.
Schedule of estimated amortization expense of the definite-lived intangible assets
The following table shows the estimated amortization expense of the definite-lived intangible assets for the next five years (in thousands):
 
For the year ended December 31, 2018
$
174,398

For the year ended December 31, 2019
173,594

For the year ended December 31, 2020
173,061

For the year ended December 31, 2021
172,043

For the year ended December 31, 2022
168,297

Thereafter
940,277

 
$
1,801,670