XML 119 R27.htm IDEA: XBRL DOCUMENT v2.4.1.9
Goodwill and other intangible assets (Tables)
12 Months Ended
Dec. 28, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill, Indefinite-Lived Intangible Assets, and Amortizable Intangible Assets
The following table displays goodwill, indefinite-lived intangible assets, and amortizable intangible assets at Dec. 28, 2014, and Dec. 29, 2013.
In thousands of dollars
 
Gross
Accumulated
Amortization
Net
Dec. 28, 2014
 
 
 
Goodwill
$
4,499,927

$

$
4,499,927

Indefinite-lived intangibles:
 
 
 
Television station FCC licenses
1,191,950


1,191,950

Mastheads and trade names
951,776


951,776

Amortizable intangible assets:
 
 
 
Customer relationships
1,078,738

(212,438
)
866,300

Other
282,856

(53,289
)
229,567

Total
$
8,005,247

$
(265,727
)
$
7,739,520

Dec. 29, 2013
 
 
 
Goodwill
$
3,790,472

$

$
3,790,472

Indefinite-lived intangibles:
 
 
 
Television station FCC licenses
1,091,204


1,091,204

Mastheads and trade names
82,570


82,570

Amortizable intangible assets:
 
 
 
Customer relationships
290,845

(177,515
)
113,330

Other
213,790

(23,663
)
190,127

Total
$
5,468,881

$
(201,178
)
$
5,267,703

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The following table shows the projected annual amortization expense, as of Dec. 28, 2014, related to amortizable intangibles assuming no acquisitions or dispositions:
In thousands of dollars
2015
$
124,536

2016
$
116,495

2017
$
109,641

2018
$
106,772

2019
$
102,737

Summary of the Change in Net Goodwill
The following table shows the changes in the carrying amount of goodwill during 2014 and 2013.
In thousands of dollars
 
Broadcasting
Publishing
Digital
Total
Goodwill
 
 
 
 
Gross balance at Dec. 30, 2012
$
1,618,602

$
7,754,959

$
722,781

$
10,096,342

Accumulated impairment losses

(7,132,817
)
(116,656
)
(7,249,473
)
Net balance at
Dec. 30, 2012
$
1,618,602

$
622,142

$
606,125

$
2,846,869

Acquisitions & adjustments
943,841

2,266

28,115

974,222

Impairment

(8,430
)
(11,614
)
(20,044
)
Dispositions
(19,000
)


(19,000
)
Foreign currency exchange rate changes
(110
)
3,903

4,632

8,425

Balance at
Dec. 29, 2013
$
2,543,333

$
619,881

$
627,258

$
3,790,472

Gross balance at Dec. 29, 2013
2,543,333

7,807,416

755,528

11,106,277

Accumulated impairment losses

(7,187,535
)
(128,270
)
(7,315,805
)
Net balance at
Dec. 29, 2013
$
2,543,333

$
619,881

$
627,258

$
3,790,472

Acquisitions & adjustments
35,268

4,579

749,250

789,097

Assets held for sale

(6,288
)

(6,288
)
Impairment

(21,881
)
(23,700
)
(45,581
)
Foreign currency exchange rate changes

(11,134
)
(16,639
)
(27,773
)
Balance at
Dec. 28, 2014
$
2,578,601

$
585,157

$
1,336,169

$
4,499,927

Gross balance at Dec. 28, 2014
2,578,601

7,662,543

1,488,139

11,729,283

Accumulated impairment losses

(7,077,386
)
(151,970
)
(7,229,356
)
Net balance at
Dec. 28, 2014
$
2,578,601

$
585,157

$
1,336,169

$
4,499,927