v3.25.1
Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
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-LivedDefinite-LivedTotal
Gross Carrying AmountBroadcast licensesTrademarksAffiliate and producer relationshipsTower 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 
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-LivedDefinite-LivedTotal
Gross Carrying AmountBroadcast licensesTrademarksAffiliate and producer relationshipsTower 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