v3.25.2
GOODWILL AND INTANGIBLES
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLES GOODWILL AND INTANGIBLES
The changes in the carrying amount of goodwill as of June 30, 2025, and since December 31, 2023, were as follows:
(In thousands)NYTGThe Athletic Total
Balance as of December 31, 2023$164,738 $251,360 $416,098 
Foreign currency translation(1)
(3,925)— (3,925)
Balance as of December 31, 2024160,813 251,360 412,173 
Foreign currency translation(1)
(2,944)— (2,944)
Balance as of June 30, 2025$157,869 $251,360 $409,229 
(1)The foreign currency translation line item reflects changes in goodwill resulting from fluctuating exchange rates related to the consolidation of certain international subsidiaries.
The aggregate carrying amount of intangible assets of $243.3 million is included in Intangible assets, net, in our Condensed Consolidated Balance Sheets as of June 30, 2025. As of June 30, 2025, and December 31, 2024, the gross book value and accumulated amortization of the intangible assets with definite lives were as follows:
June 30, 2025
(In thousands)Gross Book ValueAccumulated AmortizationNet Book ValueRemaining Weighted-Average Useful Life (Years)
Trademark(1)
$164,034 $(29,951)$134,083 16.7
Existing subscriber base136,500 (39,938)96,562 8.7
Developed technology38,401 (26,388)12,013 1.7
Content archive5,751 (5,071)680 1.1
Total finite-lived intangibles$344,686 $(101,348)$243,338 12.7
(1)As of June 30, 2025, includes $1.4 million previously classified as an indefinite-lived intangible asset.
December 31, 2024
(In thousands)Gross Book ValueAccumulated AmortizationNet Book ValueRemaining Weighted-Average Useful Life (Years)
Trademark$162,618 $(25,951)$136,667 17.3
Existing subscriber base136,500 (34,313)102,187 9.2
Developed technology38,401 (22,719)15,682 2.2
Content archive5,751 (4,758)993 1.6
Total finite-lived intangibles$343,270 $(87,741)$255,529 13.1
Amortization expense for intangible assets included in Depreciation and amortization in our Condensed Consolidated Statements of Operations was $6.8 million for the second quarters of 2025 and 2024, and $13.6 million and $13.9 million for the first six months of 2025 and 2024, respectively. The estimated aggregate amortization expense for the remainder of 2025 and each of the following fiscal years ending December 31 is presented below:
(In thousands)
Remainder of 2025$13,961 
202627,668 
202720,525 
202819,335 
202919,250 
Thereafter142,599 
Total amortization expense$243,338