v3.25.1
Intangible Assets and Goodwill (Tables)
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill

 

 

Reportable Broadcast Segment

 

 

Other Segments

 

 

Total

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

Goodwill

 

Gross

 

 

Impairment

 

 

Net

 

 

Gross

 

 

Impairment

 

 

Net

 

 

Gross

 

 

Impairment

 

 

Net

 

Balances as of December 31, 2024

 

$

2,920

 

 

$

(43

)

 

$

2,877

 

 

$

225

 

 

$

(180

)

 

$

45

 

 

$

3,145

 

 

$

(223

)

 

$

2,922

 

Current year acquisition (Note 3)

 

 

2

 

 

 

-

 

 

 

2

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

2

 

 

 

-

 

 

 

2

 

Balances as of March 31, 2025

 

$

2,922

 

 

$

(43

)

 

$

2,879

 

 

$

225

 

 

$

(180

)

 

$

45

 

 

$

3,147

 

 

$

(223

)

 

$

2,924

 
Schedule of Indefinite-lived Intangible Assets

 

 

FCC Licenses

 

 

 

 

 

 

Accumulated

 

 

 

 

Indefinite-lived Intangible Assets

 

Gross

 

 

Impairment

 

 

Net

 

Balances as of December 31, 2024

 

$

2,977

 

 

$

(48

)

 

$

2,929

 

Current year acquisition (Note 3)

 

 

20

 

 

 

-

 

 

 

20

 

Balances as of March 31, 2025

 

$

2,997

 

 

$

(48

)

 

$

2,949

 
Schedule of Definite-lived Intangible Assets

 

 

Network Affiliation Agreements

 

 

Other Definite-Lived Intangible Assets

 

 

Total

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

 

Amortization

 

 

 

 

 

 

 

 

Amortization

 

 

 

 

 

 

 

 

Amortization

 

 

 

 

Definite-Lived Intangible Assets

 

Gross

 

 

and Impairment

 

 

Net

 

 

Gross

 

 

and Impairment

 

 

Net

 

 

Gross

 

 

and Impairment

 

 

Net

 

Balances as of December 31, 2024

 

$

3,125

 

 

$

(1,631

)

 

$

1,494

 

 

$

1,115

 

 

$

(762

)

 

$

353

 

 

$

4,240

 

 

$

(2,393

)

 

$

1,847

 

Balances as of March 31, 2025

 

$

3,125

 

 

$

(1,678

)

 

$

1,447

 

 

$

1,119

 

 

$

(788

)

 

$

331

 

 

$

4,244

 

 

$

(2,466

)

 

$

1,778

 

 
Estimated Amortization Expense of Definite-Lived Intangible Assets

The following table presents the Company’s estimate of amortization expense for the remainder of 2025, each of the five succeeding years ended December 31 and thereafter for definite-lived intangible assets as of March 31, 2025 (in millions):

Remainder of 2025

 

$

218

 

2026

 

 

271

 

2027

 

 

255

 

2028

 

 

238

 

2029

 

 

222

 

2030

 

 

178

 

Thereafter

 

 

396

 

 

 

$

1,778