Goodwill and Other Intangible Assets (Tables)
|
3 Months Ended |
Mar. 31, 2024 |
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| Schedule of goodwill |
Goodwill consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Local Media | | Scripps Networks | | Other | | Total | | | | | | | | | | | Gross balance as of December 31, 2023 | | $ | 1,122,408 | | | $ | 2,028,890 | | | $ | 7,190 | | | $ | 3,158,488 | | | Accumulated impairment losses | | (216,914) | | | (973,000) | | | — | | | (1,189,914) | | | Net balance as of December 31, 2023 | | $ | 905,494 | | | $ | 1,055,890 | | | $ | 7,190 | | | $ | 1,968,574 | | | | | | | | | | | | Gross balance as of March 31, 2024 | | $ | 1,122,408 | | | $ | 2,028,890 | | | $ | 7,190 | | | $ | 3,158,488 | | | Accumulated impairment losses | | (216,914) | | | (973,000) | | | — | | | (1,189,914) | | | Net balance as of March 31, 2024 | | $ | 905,494 | | | $ | 1,055,890 | | | $ | 7,190 | | | $ | 1,968,574 | |
|
| Summary of other finite-lived intangible assets |
Other intangible assets consisted of the following: | | | | | | | | | | | | | | | | (in thousands) | | As of March 31, 2024 | | As of December 31, 2023 | | | | | | | Amortizable intangible assets: | | | | | | Carrying amount: | | | | | | Television affiliation relationships | | $ | 1,060,244 | | | $ | 1,060,244 | | | Customer lists and advertiser relationships | | 220,997 | | | 220,997 | | | Other | | 137,372 | | | 136,452 | | | Total carrying amount | | 1,418,613 | | | 1,417,693 | | | Accumulated amortization: | | | | | | Television affiliation relationships | | (289,680) | | | (276,163) | | | Customer lists and advertiser relationships | | (138,455) | | | (132,161) | | | Other | | (65,361) | | | (61,606) | | | Total accumulated amortization | | (493,496) | | | (469,930) | | | Net amortizable intangible assets | | 925,117 | | | 947,763 | | | Indefinite-lived intangible assets — FCC licenses | | 779,415 | | | 779,415 | | | Total other intangible assets | | $ | 1,704,532 | | | $ | 1,727,178 | |
|
| Schedule of indefinite-lived intangible assets |
Other intangible assets consisted of the following: | | | | | | | | | | | | | | | | (in thousands) | | As of March 31, 2024 | | As of December 31, 2023 | | | | | | | Amortizable intangible assets: | | | | | | Carrying amount: | | | | | | Television affiliation relationships | | $ | 1,060,244 | | | $ | 1,060,244 | | | Customer lists and advertiser relationships | | 220,997 | | | 220,997 | | | Other | | 137,372 | | | 136,452 | | | Total carrying amount | | 1,418,613 | | | 1,417,693 | | | Accumulated amortization: | | | | | | Television affiliation relationships | | (289,680) | | | (276,163) | | | Customer lists and advertiser relationships | | (138,455) | | | (132,161) | | | Other | | (65,361) | | | (61,606) | | | Total accumulated amortization | | (493,496) | | | (469,930) | | | Net amortizable intangible assets | | 925,117 | | | 947,763 | | | Indefinite-lived intangible assets — FCC licenses | | 779,415 | | | 779,415 | | | Total other intangible assets | | $ | 1,704,532 | | | $ | 1,727,178 | |
|