v3.25.2
Intangible Assets (Tables)
6 Months Ended
Jun. 30, 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 June 30, 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 
Assets held for sale(895)(19)— (23)(937)
Balance as of June 30, 2025
$517,270 $16,364 $145,000 $13,482 $692,116 
Accumulated Amortization
Balance as of December 31, 2024
$— $— $(88,054)$(9,877)$(97,931)
Amortization expense— — (7,409)(751)(8,160)
Assets held for sale— — — 18 18 
Balance as of June 30, 2025
$— $— $(95,463)$(10,610)$(106,073)
Net Book Value as of June 30, 2025
$517,270 $16,364 $49,537 $2,872 $586,043 
Schedule of Finite-Lived Intangible Assets
The gross carrying amount and accumulated amortization of the Company’s intangible assets as of June 30, 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 
Assets held for sale(895)(19)— (23)(937)
Balance as of June 30, 2025
$517,270 $16,364 $145,000 $13,482 $692,116 
Accumulated Amortization
Balance as of December 31, 2024
$— $— $(88,054)$(9,877)$(97,931)
Amortization expense— — (7,409)(751)(8,160)
Assets held for sale— — — 18 18 
Balance as of June 30, 2025
$— $— $(95,463)$(10,610)$(106,073)
Net Book Value as of June 30, 2025
$517,270 $16,364 $49,537 $2,872 $586,043