v3.26.1
Intangible Assets and Goodwill (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Summary of Goodwill

 

 

Reportable Segments

 

 

Other

 

 

 

 

Goodwill

 

Broadcast

 

 

TEGNA

 

 

Segments

 

 

Total

 

Gross balances as of December 31, 2025

 

$

2,922

 

 

$

-

 

 

$

225

 

 

$

3,147

 

Accumulated Impairment

 

 

(43

)

 

 

-

 

 

 

(194

)

 

 

(237

)

Net balances as of December 31, 2025

 

 

2,879

 

 

 

-

 

 

 

31

 

 

 

2,910

 

Current year acquisition (Note 3)

 

 

-

 

 

 

2,123

 

 

 

-

 

 

 

2,123

 

Net balances as of June 30, 2026

 

$

2,879

 

 

$

2,123

 

 

$

31

 

 

$

5,033

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross balances as of June 30, 2026

 

$

2,922

 

 

$

2,123

 

 

$

225

 

 

$

5,270

 

Accumulated Impairment

 

 

(43

)

 

 

-

 

 

 

(194

)

 

 

(237

)

Net balances as of June 30, 2026

 

$

2,879

 

 

$

2,123

 

 

$

31

 

 

$

5,033

 
Schedule of Indefinite-lived Intangible Assets

 

 

FCC Licenses

 

 

 

 

 

 

Accumulated

 

 

 

 

Indefinite-lived Intangible Assets

 

Gross

 

 

Impairment

 

 

Net

 

Balances as of December 31, 2025

 

$

2,997

 

 

$

(48

)

 

$

2,949

 

Current year acquisition (Note 3)

 

 

2,163

 

 

 

-

 

 

 

2,163

 

Balances as of June 30, 2026

 

$

5,160

 

 

$

(48

)

 

$

5,112

 
Schedule of Definite-lived Intangible Assets

 

 

Network Affiliation Agreements

 

 

Other Definite-Lived Intangible Assets

 

 

Total

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

 

Amortization

 

 

 

 

 

 

 

 

Amortization

 

 

 

 

 

 

 

 

Amortization

 

 

 

 

Definite-Lived Intangible Assets

 

Gross

 

 

and Impairment

 

 

Net

 

 

Gross

 

 

and Impairment

 

 

Net

 

 

Gross

 

 

and Impairment

 

 

Net

 

Balances as of December 31, 2025

 

$

3,125

 

 

$

(1,820

)

 

$

1,305

 

 

$

1,157

 

 

$

(875

)

 

$

282

 

 

$

4,282

 

 

$

(2,695

)

 

$

1,587

 

Balances as of June 30, 2026

 

$

4,493

 

 

$

(1,940

)

 

$

2,553

 

 

$

1,268

 

 

$

(934

)

 

$

334

 

 

$

5,761

 

 

$

(2,874

)

 

$

2,887

 
Estimated Amortization Expense of Definite-Lived Intangible Assets

The following table presents the Company’s estimate of amortization expense for the remainder of 2026, each of the five succeeding years ended December 31 and thereafter for definite-lived intangible assets as of June 30, 2026 (in millions):

Remainder of 2026

 

$

197

 

2027

 

 

381

 

2028

 

 

356

 

2029

 

 

329

 

2030

 

 

281

 

2031

 

 

271

 

Thereafter

 

 

1,072

 

 

 

$

2,887