Schedule of Indefinite-Lived Intangible Assets |
The gross carrying amount and accumulated amortization of the Company’s intangible assets as of March 31, 2025 and December 31, 2024 are as follows (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Indefinite-Lived | | Definite-Lived | | Total | Gross Carrying Amount | | Broadcast licenses | | Trademarks | | Affiliate and producer relationships | | | | Tower income contracts | | | | | Balance as of December 31, 2024 | | $ | 518,165 | | | $ | 16,383 | | | $ | 145,000 | | | | | $ | 13,505 | | | | | $ | 693,053 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance as of March 31, 2025 | | $ | 518,165 | | | $ | 16,383 | | | $ | 145,000 | | | | | $ | 13,505 | | | | | $ | 693,053 | | | | | | | | | | | | | | | | | Accumulated Amortization | | | | | | | | | | | | | | | Balance as of December 31, 2024 | | $ | — | | | $ | — | | | $ | (88,054) | | | | | $ | (9,877) | | | | | $ | (97,931) | | Amortization expense | | — | | | — | | | (3,704) | | | | | (376) | | | | | (4,080) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance as of March 31, 2025 | | $ | — | | | $ | — | | | $ | (91,758) | | | | | $ | (10,253) | | | | | $ | (102,011) | | Net Book Value as of March 31, 2025 | | $ | 518,165 | | | $ | 16,383 | | | $ | 53,242 | | | | | $ | 3,252 | | | | | $ | 591,042 | |
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Schedule of Finite-Lived Intangible Assets |
The gross carrying amount and accumulated amortization of the Company’s intangible assets as of March 31, 2025 and December 31, 2024 are as follows (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Indefinite-Lived | | Definite-Lived | | Total | Gross Carrying Amount | | Broadcast licenses | | Trademarks | | Affiliate and producer relationships | | | | Tower income contracts | | | | | Balance as of December 31, 2024 | | $ | 518,165 | | | $ | 16,383 | | | $ | 145,000 | | | | | $ | 13,505 | | | | | $ | 693,053 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance as of March 31, 2025 | | $ | 518,165 | | | $ | 16,383 | | | $ | 145,000 | | | | | $ | 13,505 | | | | | $ | 693,053 | | | | | | | | | | | | | | | | | Accumulated Amortization | | | | | | | | | | | | | | | Balance as of December 31, 2024 | | $ | — | | | $ | — | | | $ | (88,054) | | | | | $ | (9,877) | | | | | $ | (97,931) | | Amortization expense | | — | | | — | | | (3,704) | | | | | (376) | | | | | (4,080) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance as of March 31, 2025 | | $ | — | | | $ | — | | | $ | (91,758) | | | | | $ | (10,253) | | | | | $ | (102,011) | | Net Book Value as of March 31, 2025 | | $ | 518,165 | | | $ | 16,383 | | | $ | 53,242 | | | | | $ | 3,252 | | | | | $ | 591,042 | |
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