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Unfavorable Contracts Liability (Tables)
3 Months Ended
Mar. 31, 2019
Unfavorable Contracts Liability [Abstract]  
Summary of Unfavorable Contracts Liability Activity

 

The Company’s Unfavorable contracts liability activity for the three months ended March 31, 2019 is as follows (in thousands):

 

Balance at December 31, 2018

 

$

18,885

 

Amortization into Wholesale revenues (1)

 

 

(466

)

Amortization into Affiliate revenue share expense (2)

 

 

(5,834

)

Balance at March 31, 2019

 

$

12,585

 

 

 

(1)

Amount represents the amortization of the Unfavorable contracts liability related to the remaining affiliate agreement (Belo) into Wholesale revenues in the Consolidated Statements of (Loss) Income.

 

 

 

(2)

Amount represents the amortization of the Unfavorable contracts liability related to the converted McClatchy, tronc and Washington Post affiliate agreements into Affiliate revenue share expense in the Consolidated Statements of (Loss) Income.