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Intangible Assets And Goodwill
3 Months Ended
Mar. 25, 2012
Intangible Assets And Goodwill [Abstract]  
Intangible Assets And Goodwill
NOTE 3. INTANGIBLE ASSETS AND GOODWILL

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

 

     March 25, 2012  
     Gross
Amount
     Accumulated
Amortization
    Net
Amount
 

Intangible assets subject to amortization:

       

Advertiser and subscriber lists

   $ 803,840       $ (435,669   $ 368,171   

Other

     31,121         (31,005     116   
  

 

 

    

 

 

   

 

 

 

Total

   $ 834,961       $ (466,674     368,287   
  

 

 

    

 

 

   

Other intangible assets not subject to amortization:

       

Newspaper mastheads

          203,587   
       

 

 

 

Total

          571,874   

Goodwill

          1,012,011   
       

 

 

 

Total intangible assets and goodwill

        $ 1,583,885   
       

 

 

 

 

      December 25, 2011  
     Gross
Amount
     Accumulated
Amortization
    Net
Amount
 

Intangible assets subject to amortization:

       

Advertiser and subscriber lists

   $ 803,840       $ (421,392   $ 382,448   

Other

     31,121         (30,996     125   
  

 

 

    

 

 

   

 

 

 

Total

   $ 834,961       $ (452,388     382,573   
  

 

 

    

 

 

   

Other intangible assets not subject to amortization:

       

Newspaper mastheads

          203,587   
       

 

 

 

Total

          586,160   

Goodwill

          1,012,011   
       

 

 

 

Total intangible assets and goodwill

        $ 1,598,171   
       

 

 

 

Changes in indefinite lived intangible assets and goodwill as of March 25, 2012, consisted of the following (in thousands):

 

     Original Gross
Amount
     Accumulated
Impairment
    Carrying
Amount
 

Mastheads

   $ 683,000       $ (479,413   $ 203,587   

Goodwill

     3,587,007         (2,574,996     1,012,011   
  

 

 

    

 

 

   

 

 

 

Total

   $ 4,270,007       $ (3,054,409   $ 1,215,598   
  

 

 

    

 

 

   

 

 

 

Amortization expense with respect to intangible assets is summarized below:

 

     For the Three
Months Ended
 
     March 25,
2012
     March 27,
2011
 

Amortization expense

   $ 14.3 million       $ 15.2 million   

The estimated remaining amortization expense for the five succeeding fiscal years is as follows (in thousands):

 

Year

   Amortization
Expense
 

2012 (remainder)

   $ 43,873   

2013

     57,004   

2014

     52,524   

2015

     48,030   

2016

     47,721