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Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment

Property and equipment as of December 31, 2023 and 2022 consists of (in millions):

 

 

 

Estimated useful
life (years)

 

 

 

2023

 

 

 

2022

 

Buildings

 

40

 

 

$

18.5

 

 

$

18.6

 

Construction in progress

 

 

 

 

 

4.4

 

 

 

5.2

 

Transmission, studio and other broadcast equipment

 

5-15

 

 

 

152.5

 

 

 

152.7

 

Office and computer equipment

 

3-7

 

 

 

54.7

 

 

 

44.8

 

Transportation equipment

 

5

 

 

 

3.9

 

 

 

4.5

 

Leasehold improvements and land improvements

 

Lesser of lease life or useful life

 

 

 

28.3

 

 

 

22.0

 

 

 

 

 

 

262.3

 

 

 

247.8

 

Less accumulated depreciation

 

 

 

 

 

(197.6

)

 

 

(194.4

)

 

 

 

 

 

64.7

 

 

 

53.4

 

Land

 

 

 

 

 

6.8

 

 

 

8.0

 

 

 

 

 

$

71.5

 

 

$

61.4