Goodwill and Other Intangible Assets Acquired

3 Months Ended

Mar. 25, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets Acquired

GOODWILL AND OTHER INTANGIBLE ASSETS ACQUIRED

The following tables display the carrying amount of goodwill and other intangible assets acquired as of March 25, 2012 and December 25, 2011.

The changes in the carrying amount of goodwill were as follows:



(In thousands)	News Media Group			About Group		Total
Balance as of December 25, 2011:
Goodwill	$	926,836		$	367,276	$	1,294,112
Accumulated impairment losses	(805,218		)	—		(805,218		)
Balance as of December 25, 2011	121,618			367,276		488,894
Foreign currency translation	1,368			—		1,368
Balance as of March 25, 2012:
Goodwill	928,204			367,276		1,295,480
Accumulated impairment losses	(805,218		)	—		(805,218		)
Balance as of March 25, 2012	$	122,986		$	367,276	$	490,262

Other intangible assets acquired were as follows:



	March 25, 2012								December 25, 2011
(In thousands, except years)	Gross Carrying Amount		Accumulated Amortization			Net		Weighted Average Useful Life (Years)	Gross Carrying Amount		Accumulated Amortization			Net		Weighted Average Useful Life (Years)
Amortized other intangible assets:
Content	$	21,384	$	(18,783	)	$	2,601	1	$	21,384	$	(18,133	)	$	3,251	1
Customer lists	23,361		(21,190		)	2,171		2	23,355		(20,796		)	2,559		2
Other	32,683		(31,400		)	1,283		5	32,657		(31,023		)	1,634		4
Total	$	77,428	$	(71,373	)	6,055			$	77,396	$	(69,952	)	7,444
Unamortized other intangible assets:
Trade names						9,843								9,841
Total other intangible assets acquired						$	15,898							$	17,285

Amortization expense related to other intangible assets acquired that are subject to amortization was $1.4 million in the first quarter of 2012 and is expected to be $3.3 million for the remainder of fiscal year 2012.

Amortization expense for the next five years related to these intangible assets is expected to be as follows:



(In thousands)	Amount
2013	$	1,500
2014	560
2015	330
2016	250
2017	100

- 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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