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Unfavorable Contracts Liability (Tables)
 3 Months Ended
Mar. 31, 2018
Unfavorable Contracts Liability [Abstract]  
Summary of Unfavorable Contracts Activity

 

The Company’s unfavorable contracts liability activity for the three months ended March 31, 2018 is as follows (in thousands):

 

Balance at December 31, 2017

 

$

44,085

 

Amortization into Wholesale revenues (1)

 

 

(3,226

)

Amortization into Affiliate revenue share (2)

 

 

(3,074

)

Balance at March 31, 2018

 

$

37,785

 

 

 

(1)

Amount represents the amortization of the unfavorable contracts liability related to the remaining affiliate agreements into Wholesale revenues in the Consolidated and Combined Statements of Income.

 

 

 

(2)

Amount represents the amortization of the unfavorable contracts liability related to the converted McClatchy and tronc affiliate agreements into Affiliate revenue share within Operating Expenses in the Consolidated and Combined Statements of Income.