Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2013

Goodwill and Intangible Assets [Abstract]

Summary of the carrying amount of goodwill and intangible assets

The following table summarizes the carrying amount of goodwill and intangible assets (in thousands):

	June 30, 2013							December 31, 2012
	Gross carrying amount		Accumulated amortization			Net		Gross carrying amount		Accumulated amortization			Net
Goodwill (1)	$	13,702	$	—		$	13,702	$	13,293	$	—		$	13,293
Intangible assets:
Broadcast licenses (1)	$	38,930	$	—		$	38,930	$	37,430	$	—		$	37,430
Other intangible assets		285		—			285		285		—			285
Intangible assets subject to amortization (2)
Network affiliation agreement		5,740		(1,333	)		4,407		3,560		(1,203	)		2,357
Advertiser relationships		1,000		(14	)		986
Programming		110		(2	)		108
Leasehold interests		90		(2	)		88
Total intangible assets	$	46,155	$	(1,351	)	$	44,804	$	41,275	$	(1,203	)	$	40,072

(1) Goodwill and broadcast licenses are considered indefinite-lived assets for which no periodic amortization is recognized. The television and radio broadcast licenses are issued by the Federal Communications Commission (“FCC”) and provide the Company with the exclusive right to utilize certain frequency spectrum to air its stations’ programming. While FCC licenses are issued for only a fixed time, renewals of FCC licenses have occurred routinely and at nominal cost. Moreover, the Company has determined that there are currently no legal, regulatory, contractual, competitive, economic or other factors that limit the useful lives of its FCC licenses.

(2) Intangible assets subject to amortization are amortized on a straight-line basis. Total amortization expense for intangible assets subject to amortization for the three and six months ended June 30, 2013 was $89,000 and $148,000, respectively. Total amortization expense for intangible assets subject to amortization for the three and six months ended June 30, 2012 was $59,000 and $117,000, respectively

Amortization expense for the Company's intangible assets

The following table presents the estimated amortization expense for the Company’s intangible assets subject to amortization for the remainder of 2013 and each of the next five years and thereafter (in thousands):

2013	$	296
2014		586
2015		580
2016		580
2017		580
2018		580
Thereafter		2,387
	$	5,589