Intangible Assets And Goodwill

6 Months Ended

Jun. 26, 2011

Intangible Assets And Goodwill

Intangible Assets And Goodwill

NOTE 3. INTANGIBLE ASSETS AND GOODWILL

Intangible assets and goodwill consisted of the following (in thousands):

	June 26, 2011
	Gross Amount		Accumulated Amortization			Net Amount
Intangible assets subject to amortization:
Advertiser and subscriber lists	$	803,840	$	(392,778	)	$	411,062
Other		31,111		(30,976	)		135
Total	$	834,951	$	(423,754	)		411,197
Other intangible assets not subject to amortization:
Newspaper mastheads							206,387
Total							617,584
Goodwill							1,014,257
Total intangible assets and goodwill						$	1,631,841
	December 26, 2010
	Gross Amount		Accumulated Amortization			Net Amount
Intangible assets subject to amortization:
Advertiser and subscriber lists	$	803,840	$	(364,010	)	$	439,830
Other		31,071		(30,063	)		1,008
Total	$	834,911	$	(394,073	)		440,838
Other intangible assets not subject to amortization:
Newspaper mastheads							206,387
Total							647,225
Goodwill							1,014,257
Total intangible assets and goodwill						$	1,661,482

Changes in indefinite lived intangible assets and goodwill as of June 26, 2011, consisted of the following (in thousands):

	Original Gross Amount		Accumulated Impairment			Carrying Amount
Mastheads	$	683,000	$	(476,613	)	$	206,387
Goodwill		3,589,253		(2,574,996	)		1,014,257
Total	$	4,272,253	$	(3,051,609	)	$	1,220,644

Amortization expense with respect to intangible assets was $14.5 million and $14.7 million for the second fiscal quarters of 2011 and 2010, respectively, and $29.7 million and $29.3 million for the first six months of fiscal 2011 and 2010, respectively. The estimated remaining amortization expense for the five succeeding fiscal years is as follows (in thousands):

Year	Amortization Expense
2011	$28,632
2012	58,155
2013	57,001
2014	52,522
2015	48,030