Goodwill and other intangible assets

6 Months Ended

Jun. 30, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

The following table displays goodwill, indefinite-lived intangible assets, and amortizable intangible assets at June 30, 2013 and December 30, 2012:



In thousands of dollars	Jun. 30, 2013				Dec. 30, 2012
	Gross		Accumulated Amortization		Gross		Accumulated Amortization

Goodwill	$	2,860,429	$	—	$	2,846,869	$	—
Indefinite-lived intangibles:
Mastheads and trade names	94,737		—		95,308		—
Television station FCC licenses	255,304		—		255,304		—
Amortizable intangible assets:
Customer relationships	318,395		210,500		313,567		197,300
Other	57,693		27,448		56,965		23,931

Customer relationships include subscriber lists and advertiser relationships while other intangibles primarily include internally developed technology, patents and amortizable trade names.

The following table summarizes the changes in the Company’s net goodwill balance through June 30, 2013.



In thousands of dollars	Publishing			Broadcasting			Digital			Total

Balance at Dec. 30, 2012:
Goodwill	$	7,754,959		$	1,618,602		$	722,781		$	10,096,342
Accumulated impairment losses	(7,132,817		)	—			(116,656		)	(7,249,473		)
Net balance at Dec. 30, 2012	622,142			1,618,602			606,125			2,846,869
Activity during the period:
Acquisitions and adjustments	1,052			—			27,512			28,564
Foreign currency exchange rate changes	(11,434		)	(181		)	(3,389		)	(15,004		)
Total	(10,382		)	(181		)	24,123			13,560
Balance at Jun. 30, 2013:
Goodwill	7,608,986			1,618,421			746,904			9,974,311
Accumulated impairment losses	(6,997,226		)	—			(116,656		)	(7,113,882		)
Net balance at Jun. 30, 2013	$	611,760		$	1,618,421		$	630,248		$	2,860,429

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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