| Schedule of Goodwill Balances |
The changes in the carrying amount of goodwill as of June 30, 2025, and since December 31, 2023, were as follows: | | | | | | | | | | | | | | | | | | | | | | (In thousands) | | NYTG | | The 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, 2024 | | 160,813 | | | 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.
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| Schedule of Finite-Lived Intangible Assets |
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 Value | | Accumulated Amortization | | Net Book Value | | Remaining Weighted-Average Useful Life (Years) | Trademark(1) | | $ | 164,034 | | | $ | (29,951) | | | $ | 134,083 | | | 16.7 | | Existing subscriber base | | 136,500 | | | (39,938) | | | 96,562 | | | 8.7 | | Developed technology | | 38,401 | | | (26,388) | | | 12,013 | | | 1.7 | | Content archive | | 5,751 | | | (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 Value | | Accumulated Amortization | | Net Book Value | | Remaining Weighted-Average Useful Life (Years) | | Trademark | | $ | 162,618 | | | $ | (25,951) | | | $ | 136,667 | | | 17.3 | | Existing subscriber base | | 136,500 | | | (34,313) | | | 102,187 | | | 9.2 | | Developed technology | | 38,401 | | | (22,719) | | | 15,682 | | | 2.2 | | Content archive | | 5,751 | | | (4,758) | | | 993 | | | 1.6 | | Total finite-lived intangibles | | $ | 343,270 | | | $ | (87,741) | | | $ | 255,529 | | | 13.1 |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
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 | | | 2026 | | 27,668 | | | 2027 | | 20,525 | | | 2028 | | 19,335 | | | 2029 | | 19,250 | | | Thereafter | | 142,599 | | | Total amortization expense | | $ | 243,338 | |
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