| GOODWILL AND INTANGIBLE ASSETS |
NOTE 4—GOODWILL AND INTANGIBLE ASSETS Goodwill and intangible assets, net are as follows: | | | | | | | | | | | | | December 31, | | 2025 | | 2024 | | (In thousands) | | Goodwill | $ | 1,508,030 | | | $ | 1,502,406 | | | Intangible assets with indefinite lives | 286,151 | | | 286,151 | | | Intangible assets with definite lives, net of accumulated amortization | 108,230 | | | 192,937 | | | Total goodwill and intangible assets, net | $ | 1,902,411 | | | $ | 1,981,494 | |
The following table presents the balance of goodwill by reportable segment, including the changes in the carrying value of goodwill and accumulated impairment losses, for the year ended December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at December 31, 2024 | | Additions | | | | | | | | | | Balance at December 31, 2025 | | Accumulated Impairment Losses at December 31, 2025 | | (In thousands) | | People Inc. | | | | | | | | | | | | | | | | | Digital | $ | 1,497,642 | | | $ | 5,624 | | | | | | | | | | | $ | 1,503,266 | | | $ | (198,329) | | | Total People Inc. | 1,497,642 | | | 5,624 | | | | | | | | | | | 1,503,266 | | | (198,329) | | | Emerging & Other | 4,764 | | | — | | | | | | | | | | | 4,764 | | | — | | | Total | $ | 1,502,406 | | | $ | 5,624 | | | | | | | | | | | $ | 1,508,030 | | | $ | (198,329) | |
The addition at People Inc. Digital is due to the acquisition of Feedfeed on October 1, 2025. The allocation of the purchase price to the assets acquired and liabilities assumed is still in process of being assessed and is expected to be completed in the first quarter of 2026. The following table presents the balance of goodwill by reportable segment, including the changes in the carrying value of goodwill and accumulated impairment losses, for the year ended December 31, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at
December 31, 2023 | | | | Deductions | | | | | | | | Balance at
December 31, 2024 | | Accumulated
Impairment Losses at
December 31, 2024 | | (In thousands) | | People Inc. | | | | | | | | | | | | | | | | | Digital | $ | 1,497,642 | | | | | $ | — | | | | | | | | | $ | 1,497,642 | | | $ | (198,329) | | | Total People Inc. | 1,497,642 | | | | | — | | | | | | | | | 1,497,642 | | | (198,329) | | | Emerging & Other | 149,345 | | | | | (144,581) | | | | | | | | | 4,764 | | | — | | | Total | $ | 1,646,987 | | | | | $ | (144,581) | | | | | | | | | $ | 1,502,406 | | | $ | (198,329) | |
Deductions at Emerging & Other are due to the sale of assets of Mosaic Group on February 15, 2024. At December 31, 2025 and 2024, intangible assets with definite lives are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net | | Weighted-Average
Useful Life | | (In thousands) | | (Years) | | Advertiser relationships | $ | 298,400 | | | $ | (259,647) | | | $ | 38,753 | | | 5.0 | | Licensee relationships | 171,000 | | | (143,895) | | | 27,105 | | | 4.9 | | Trade names | 134,921 | | | (93,511) | | | 41,410 | | | 8.4 | | Content | 104,939 | | | (104,939) | | | — | | | 2.9 | | Technology | 34,265 | | | (34,265) | | | — | | | 2.1 | | | | | | | | | | Professional relationships | 1,100 | | | (138) | | | 962 | | | 2.0 | | | | | | | | | | Total | $ | 744,625 | | | $ | (636,395) | | | $ | 108,230 | | | 5.2 |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net | | Weighted-Average
Useful Life | | (In thousands) | | (Years) | | Advertiser relationships | $ | 297,000 | | | $ | (211,694) | | | $ | 85,306 | | | 5.0 | | Licensee relationships | 171,000 | | | (123,115) | | | 47,885 | | | 4.9 | | Trade names | 132,918 | | | (73,172) | | | 59,746 | | | 8.5 | | Content | 104,939 | | | (104,939) | | | — | | | 2.9 | | Technology | 64,600 | | | (64,600) | | | — | | | 2.1 | | | | | | | | | | | | | | | | | | | | | | | | | | Total | $ | 770,457 | | | $ | (577,520) | | | $ | 192,937 | | | 5.0 |
At December 31, 2025, amortization of intangible assets with definite lives for each of the next five years and thereafter is estimated to be as follows: | | | | | | | Year Ending December 31, | (In thousands) | | 2026 | $ | 71,391 | | | 2027 | 13,550 | | | 2028 | 3,686 | | | 2029 | 3,686 | | | 2030 | 2,868 | | | Thereafter | 13,049 | | Total | $ | 108,230 | |
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