Intangible Assets and Goodwill

6 Months Ended

Jun. 24, 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):

	June 24, 2012
	Gross Amount		Accumulated Amortization			Net Amount
Intangible assets subject to amortization:
Advertiser and subscriber lists	$	803,840	$	(449,935	)	$	353,905
Other		31,121		(31,013	)		108
Total	$	834,961	$	(480,948	)		354,013
Other intangible assets not subject to amortization:
Newspaper mastheads							203,587
Total							557,600
Goodwill							1,012,011
Total intangible assets and goodwill						$	1,569,611
	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 June 24, 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				For the Six Months Ended
	June 24, 2012		June 26, 2011		June 24, 2012		June 26, 2011
Amortization expense	$	14.3 million	$	14.5 million	$	28.6 million	$	29.7 million

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

Year	Amortization Expense
2012 (remainder)	$	29,599
2013		57,004
2014		52,524
2015		48,030
2016		47,721