Goodwill and Intangibles (Tables)

3 Months Ended

Mar. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Goodwill Balances

The changes in the carrying amount of goodwill as of March 31, 2023, and since December 26, 2021, were as follows:

(In thousands)	NYTG		The Athletic		Total
Balance as of December 26, 2021	$	166,360	$	—	$	166,360
Foreign currency translation	(3,674)		—		(3,674)
Acquisition of The Athletic Media Company	—		249,792		249,792
Measurement period adjustments	—		1,568		1,568
Balance as of December 31, 2022	162,686		251,360		414,046
Foreign currency translation	1,088		—		1,088
Balance as of March 31, 2023	$	163,774	$	251,360	$	415,134

Schedule of Finite-Lived Intangible Assets

As of March 31, 2023, the gross book value and accumulated amortization of the finite-lived intangible assets were as follows:

(In thousands)	Gross book value		Accumulated amortization		Net book value		Remaining Weighted-Average Useful Life (Years)
Trademark	$	162,618	$	(10,936)	$	151,682	19.0
Existing subscriber base	136,500		(14,625)		121,875		11.0
Developed technology	38,401		(9,878)		28,523		4.0
Content archive	5,751		(2,826)		2,925		2.6
Total finite-lived intangibles	$	343,270	$	(38,265)	$	305,005	14.2

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The estimated aggregate amortization expense for the remainder of 2023 and each of the following fiscal years ending December 31 is presented below:

(In thousands)
Remainder of 2023	$	21,985
2024	27,487
2025	27,213
2026	26,960
2027	20,171
Thereafter	181,189
Total amortization expense	$	305,005