Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Carrying Amount of Goodwill

The carrying amount of goodwill for each of the Company’s operating segments for the years ended December 31, 2023 and 2022 is as follows (in thousands):

	December 31,		Purchase Price		Additions From		December 31,		Purchase Price		Additions From		December 31,
	2021		Adjustments		VIEs		2022		Adjustments		Acquisitions		2023
Digital	$	31,159	$	1,907	$	13,376	$	46,442	$	201	$	3,480	$	50,123
Television		40,549		—		—		40,549		—		—		40,549
Audio		—		—		—		—		—		—		—
Consolidated	$	71,708	$	1,907	$	13,376	$	86,991	$	201	$	3,480	$	90,672

Composition of Company's Acquired Intangible Assets and Associated Accumulated Amortization

The composition of the Company’s acquired intangible assets and the associated accumulated amortization as of December 31, 2023 and 2022 is as follows (in thousands):

			2023							2022
	Weighted average remaining life in years		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Intangible assets subject to amortization:
Television network affiliation agreements		4	$	60,043	$	(55,845	)	$	4,198	$	60,043	$	(54,755	)	$	5,288
Customer base		6		70,056		(26,652	)		43,404		68,276		(17,378	)		50,898
Pre-sold advertising contracts and other		4		9,653		(5,471	)		4,182		9,484		(3,859	)		5,625
Total assets subject to amortization:			$	139,752	$	(87,968	)	$	51,784	$	137,803	$	(75,992	)	$	61,811
Intangible assets not subject to amortization:
FCC licenses and spectrum usage rights									195,174							207,453
Total intangible assets								$	246,958						$	269,264

Estimated Amortization Expense

Estimated amortization expense for the next five years and thereafter is as follows (in thousands):

Estimated Amortization Expense	Amount
2024	$	11,862
2025		11,226
2026		7,017
2027		5,882
2028		5,602
Thereafter		10,195
Total	$	51,784