| Schedule of Goodwill |
We operate as one operating and reportable segment which includes the goodwill balances as of December 31, 2022 and 2021 shown below (in thousands): | | | | | | | | | | | Goodwill | | | | | | | Balance as of Dec. 31, 2020 | | $ | 2,968,693 | | | | | | Business acquisition | | 12,894 | | Balance as of Dec. 31, 2021 | | 2,981,587 | | | Adjustments | | — | | Balance as of Dec. 31, 2022 | | $ | 2,981,587 | |
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| Schedule of Indefinite-Lived Intangible Assets and Amortizable Intangible Assets |
The following table displays indefinite-lived intangible assets and amortizable intangible assets as of December 31, 2022 and 2021 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | Gross | | Accumulated Amortization | | Net | | Dec. 31, 2022 | | | | | | | | Indefinite-lived intangibles: | | | | | | | | Television and radio station FCC broadcast licenses | | $ | 2,123,898 | | | $ | — | | | $ | 2,123,898 | | | Amortizable intangible assets: | | | | | | | | Retransmission agreements | | 224,827 | | | (184,796) | | | 40,031 | | | Network affiliation agreements | | 309,503 | | | (121,664) | | | 187,839 | | | Other | | 71,465 | | | (41,627) | | | 29,838 | | | Total indefinite-lived and amortizable intangible assets | | $ | 2,729,693 | | | $ | (348,087) | | | $ | 2,381,606 | | | Dec. 31, 2021 | | | | | | | | Indefinite-lived intangibles: | | | | | | | | Television and radio station FCC broadcast licenses | | $ | 2,123,898 | | | $ | — | | | $ | 2,123,898 | | | Amortizable intangible assets: | | | | | | | | Retransmission agreements | | 235,215 | | | (168,439) | | | 66,776 | | | Network affiliation agreements | | 309,503 | | | (97,195) | | | 212,308 | | | Other | | 71,465 | | | (32,959) | | | 38,506 | | | Total indefinite-lived and amortizable intangible assets | | $ | 2,740,081 | | | $ | (298,593) | | | $ | 2,441,488 | |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
The following table shows the projected annual amortization expense related to amortizable intangible assets existing as of December 31, 2022 (in thousands): | | | | | | | | | | 2023 | | $ | 53,467 | | | 2024 | | 47,293 | | 2025 | | 28,468 | | 2026 | | 24,431 | | 2027 | | 14,577 | | | Thereafter | | 89,472 | | Total | | $ | 257,708 | |
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