v3.26.1
Acquisitions and Dispositions (Tables)
 6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Preliminary Fair Value of Assets Acquired and Liabilities Assumed
The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed with the Gray stations swap.

(in thousands)
Property and equipment:
Land and improvements$6,148 
Buildings and improvements16,237 
Equipment11,218 
Computer software345 
Operating lease right-of-use assets901 
Goodwill4,932 
Indefinite-lived intangible assets - FCC licenses24,601 
Amortizable intangible assets:
Television network affiliation relationships5,499 
Customer lists and advertiser relationships473 
Other704 
Operating lease liabilities (901)
Total net assets acquired $70,157 
Schedule of Disposal Groups, Including Discontinued Operations
The following table presents a summary of the assets and liabilities held for sale included in our Condensed Consolidated Balance Sheet as of December 31, 2025.

(in thousands)WFTXWRTVCourt TVTotal
Assets:
Total current assets$— $— $4,467 $4,467 
Property and equipment11,585 6,228 78 17,891 
Goodwill and intangible assets25,347 48,290 3,884 77,521 
Operating lease right-of-use assets151 — — 151 
Other assets523 452 21,386 22,361 
Adjustment to carrying value to reflect estimated fair value less cost to sell— — (19,458)(19,458)
Total assets held for sale37,606 54,970 10,357 102,933 
Liabilities:
Total current liabilities274 194 3,357 3,825 
Operating lease liabilities115 — — 115 
Other liabilities2,969 154 — 3,123 
Total liabilities held for sale3,358 348 3,357 7,063 
Net assets held for sale$34,248 $54,622 $7,000 $95,870