v3.26.1
INTANGIBLE ASSETS AND GOODWILL
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
INTANGIBLE ASSETS AND GOODWILL
5. INTANGIBLE ASSETS AND GOODWILL
As of June 30, 2026 and December 31, 2025, intangible assets and goodwill consisted of the following:
June 30, 2026December 31, 2025
Goodwill$8,403 $8,403 
Indefinite-lived intangible assets:
FCC licenses$162,800 $162,800 
Definite-lived intangible assets:
Customer relationships$7,957 $9,083 
Software618 791 
Other19 44 
Total definite-lived intangible assets, net$8,594 $9,918 
Total intangible assets, net and goodwill$179,797 $181,121 
Definite-lived intangibles
The following table presents the weighted-average useful life at June 30, 2026, and the gross carrying amount and accumulated amortization for each major class of definite-lived intangible assets at June 30, 2026 and December 31, 2025:
June 30, 2026December 31, 2025
Weighted Average Remaining Useful Life
(in years)
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Customer relationships12.7$13,704 $5,747 $7,957 $13,704 $4,621 $9,083 
Software2.01,733 1,115 618 1,733 942 791 
Other0.4256 237 19 256 212 44 
Total$15,693 $7,099 $8,594 $15,693 $5,775 $9,918 
The software was developed internally by our radio operations and represents our updated website and mobile application, which offer increased functionality and opportunities to grow and interact with our audience. They cost $1.7 million to develop and useful lives of five years and seven years were assigned to the application and website, respectively. The customer relationships and time brokerage agreements (“Other”) were acquired as part of the Estrella acquisition.
Total amortization expense from definite-lived intangible assets for each of the three and six months ended June 30, 2026 and 2025 and included in the depreciation and amortization line item in the condensed consolidated statements of operations was as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Amortization expense$605 $735 $1,325 $1,567 
The Company estimates amortization expense for each of the next five years as follows:
Amortization Expense
2026 (from July 1)$1,154 
20271,931 
20281,398 
2029992 
2030766 
After 20302,353 
Total$8,594