INTANGIBLE ASSETS AND GOODWILL

12 Months Ended

Dec. 29, 2013

4. INTANGIBLE ASSETS AND GOODWILL

Changes in identifiable intangible assets and goodwill consisted of the following:

(in thousands)	December 30, 2012			Acquired Assets		Impairment Charges			Amortization Expense			December 29, 2013

Intangible assets subject to amortization	$	834,961		$	500	$	—		$	—		$	835,461
Accumulated amortization		(510,546	)		—		—			(57,191	)		(567,737	)


		324,415			500		—			(57,191	)		267,724
Mastheads		203,587			—		(5,345	)		—			198,242
Goodwill		1,012,011			991		—			—			1,013,002


Total	$	1,540,013		$	1,491	$	(5,345	)	$	(57,191	)	$	1,478,968

(in thousands)	December 25, 2011			Acquired Assets		Impairment Charges		Amortization Expense			December 30, 2012

Intangible assets subject to amortization	$	834,961		$	—	$	—	$	—		$	834,961
Accumulated amortization		(452,388	)		—		—		(58,158	)		(510,546	)


		382,573			—		—		(58,158	)		324,415
Mastheads		203,587			—		—		—			203,587
Goodwill		1,012,011			—		—		—			1,012,011


Total	$	1,598,171		$	—	$	—	$	(58,158	)	$	1,540,013

During fiscal year 2013, we completed a small acquisition, which is reflected in goodwill and intangible assets subject to amortization.

Accumulated changes in indefinite lived intangible assets and goodwill as of December 29, 2013, consisted of the following:

(in thousands)	Original Gross Amount		Accumulated Impairment			Carrying Amount

Mastheads	$	683,000	$	(484,758	)	$	198,242
Goodwill		3,587,998		(2,574,996	)		1,013,002


Total	$	4,270,998	$	(3,059,754	)	$	1,211,244

Amortization expense was $57.2 million, $58.2 million and $58.3 million in fiscal year 2013, 2012 and 2011, respectively. The estimated amortization expense for the five succeeding fiscal years is as follows:

Year	Amortization Expense (in thousands)

2014	$	52,757
2015		48,086
2016		47,721
2017		48,552
2018		46,977

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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