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-Lived | | Definite-Lived | | Total | Gross Carrying Amount | | Broadcast licenses | | Trademarks | | Affiliate and producer relationships | | | | Tower 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 | |
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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-Lived | | Definite-Lived | | Total | Gross Carrying Amount | | Broadcast licenses | | Trademarks | | Affiliate and producer relationships | | | | Tower 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 | |
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