v3.24.3
Goodwill and Intangibles (Tables)
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill Balances
The changes in the carrying amount of goodwill as of September 30, 2024, and since December 31, 2022, were as follows:
(In thousands)NYTGThe Athletic Total
Balance as of December 31, 2022$162,686 $251,360 $414,046 
Foreign currency translation2,052 — 2,052 
Balance as of December 31, 2023164,738 251,360 416,098 
Foreign currency translation684 — 684 
Balance as of September 30, 2024$165,422 $251,360 $416,782 
Schedule of Finite-Lived Intangible Assets
As of September 30, 2024 and December 31, 2023, the gross book value and accumulated amortization of the intangible assets with definite lives were as follows:
September 30, 2024
(In thousands)Gross Book ValueAccumulated AmortizationNet Book ValueRemaining Weighted-Average Useful Life (Years)
Trademark$162,618 $(23,951)$138,667 17.6
Existing subscriber base136,500 (31,500)105,000 9.5
Developed technology38,401 (20,885)17,516 2.4
Content archive5,751 (4,601)1,150 1.9
Total finite-lived intangibles$343,270 $(80,937)$262,333 13.3
December 31, 2023
(In thousands)Gross Book ValueAccumulated AmortizationNet Book ValueRemaining Weighted-Average Useful Life (Years)
Trademark$162,618 $(17,767)$144,851 18.3
Existing subscriber base136,500 (23,062)113,438 10.2
Developed technology38,401 (15,381)23,020 3.2
Content archive5,751 (4,047)1,704 2.5
Total finite-lived intangibles$343,270 $(60,257)$283,013 13.7
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense The estimated aggregate amortization expense for the remainder of 2024 and each of the following fiscal years ending December 31 is presented below:
(In thousands)
Remainder of 2024$6,799 
202527,213 
202626,960 
202720,171 
202819,335 
Thereafter161,855 
Total amortization expense$262,333