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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2018
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, 2018 and 2017 is as follows (in thousands):  

 

 

 

December 31,

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

2016

 

 

Acquisition

 

 

Impairment

 

 

2017

 

 

Acquisition

 

 

Impairment

 

 

2018

 

Television

 

$

35,912

 

 

 

4,637

 

 

 

 

 

$

40,549

 

 

 

 

 

 

 

 

$

40,549

 

Radio

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Digital (1)

 

 

14,169

 

 

 

16,011

 

 

 

 

 

 

30,180

 

 

 

3,563

 

 

 

 

 

 

33,743

 

Consolidated

 

$

50,081

 

 

$

20,648

 

 

$

 

 

$

70,729

 

 

$

3,563

 

 

$

 

 

$

74,292

 

 

(1)

Amount reported as of and for the year ended December 31, 2017 has been revised. See Note 3.

 

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, 2018 and 2017 is as follows (in thousands):

 

 

 

 

 

 

 

2018

 

 

2017

 

 

 

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

 

 

8

 

 

$

67,489

 

 

$

56,950

 

 

$

10,539

 

 

$

67,489

 

 

$

55,560

 

 

$

11,929

 

Customer base

 

 

5

 

 

 

10,045

 

 

 

5,044

 

 

 

5,001

 

 

 

9,146

 

 

 

3,839

 

 

 

5,307

 

Pre-sold advertising contracts and other

 

 

6

 

 

 

38,857

 

 

 

31,799

 

 

 

7,058

 

 

 

37,755

 

 

 

28,233

 

 

 

9,522

 

Total assets subject to amortization:

 

 

 

 

 

$

116,391

 

 

$

93,793

 

 

$

22,598

 

 

$

114,390

 

 

$

87,632

 

 

$

26,758

 

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FCC licenses and spectrum usage rights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

254,598

 

 

 

 

 

 

 

 

 

 

 

251,163

 

Total intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

$

277,196

 

 

 

 

 

 

 

 

 

 

$

277,921

 

Estimated Amortization Expense Estimated amortization expense for each of the years ended December 31, 2019 through 2023 is as follows (in thousands):

Estimated Amortization Expense

 

 

Amount

 

2019

 

$

 

6,100

 

2020

 

 

 

4,100

 

2021

 

 

 

3,200

 

2022

 

 

 

2,500

 

2023

 

 

 

2,200