v3.26.1
Goodwill and Other Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Fair Value Measurement Inputs
The key assumptions used in applying the direct valuation method are summarized as follows:

March 31, 2026
Discount Rate13.7%
Long-term Revenue Growth Rate(2.5)%
LowHigh
Mature Market Share*18.7%71.2%
Operating Profit Margin27.3%47.7%
* Market share assumption used when reliable third-party data is available. Otherwise, Company results and forecasts are utilized.
Schedule of Indefinite-Lived Intangible Assets
The following tables present details of our intangible assets as of March 31, 2026 and December 31, 2025, respectively (in thousands):

March 31, 2026
Weighted Average Useful Life (in Years)Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
Intangible Assets:
FCC licenses
Indefinite$138,295 $— $138,295 
Content rights and other intangible assets
1 - 7
22,430 (15,119)7,311 
Total
$160,725 $(15,119)$145,606 

December 31, 2025
Weighted Average Useful Life (in Years)Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
Intangible Assets:
FCC licenses
Indefinite$146,883 $— $146,883 
Content rights and other intangible assets
1 - 7
22,430 (14,266)8,164 
Total
$169,313 $(14,266)$155,047 
Schedule of Finite-Lived Intangible Assets
The following tables present details of our intangible assets as of March 31, 2026 and December 31, 2025, respectively (in thousands):

March 31, 2026
Weighted Average Useful Life (in Years)Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
Intangible Assets:
FCC licenses
Indefinite$138,295 $— $138,295 
Content rights and other intangible assets
1 - 7
22,430 (15,119)7,311 
Total
$160,725 $(15,119)$145,606 

December 31, 2025
Weighted Average Useful Life (in Years)Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
Intangible Assets:
FCC licenses
Indefinite$146,883 $— $146,883 
Content rights and other intangible assets
1 - 7
22,430 (14,266)8,164 
Total
$169,313 $(14,266)$155,047 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Estimated future amortization expense for each of the five succeeding fiscal years and thereafter as of March 31, 2026 is as follows (in thousands):

2026 (remainder)$2,342 
20271,978 
20281,880 
2029646 
2030152 
Thereafter313 
$7,311