Goodwill and Intangibles

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill as of March 31, 2024, and since December 31, 2022, were as follows:


(In thousands)	NYTG		The Athletic		Total
Balance as of December 31, 2022	$	162,686	$	251,360	$	414,046
Foreign currency translation	2,052		—		2,052
Balance as of December 31, 2023	164,738		251,360		416,098
Foreign currency translation	(1,471)		—		(1,471)
Balance as of March 31, 2024	$	163,267	$	251,360	$	414,627

The foreign currency translation line item reflects changes in goodwill resulting from fluctuating exchange rates related to the consolidation of certain international subsidiaries.

As of March 31, 2024 and December 31, 2023, the gross book value and accumulated amortization of the intangible assets with definite lives were as follows:


	March 31, 2024
(In thousands)	Gross Book Value		Accumulated Amortization		Net Book Value		Remaining Weighted-Average Useful Life (Years)
Trademark	$	162,618	$	(19,951)	$	142,667	18.1
Existing subscriber base	136,500		(25,875)		110,625		10.0
Developed technology	38,401		(17,216)		21,185		2.9
Content archive	5,751		(4,287)		1,464		2.4
Total finite-lived intangibles	$	343,270	$	(67,329)	$	275,941	13.6


	December 31, 2023
(In thousands)	Gross Book Value		Accumulated Amortization		Net Book Value		Remaining Weighted-Average Useful Life (Years)
Trademark	$	162,618	$	(17,767)	$	144,851	18.3
Existing subscriber base	136,500		(23,062)		113,438		10.2
Developed technology	38,401		(15,381)		23,020		3.2
Content archive	5,751		(4,047)		1,704		2.5
Total finite-lived intangibles	$	343,270	$	(60,257)	$	283,013	13.7

Amortization expense for intangible assets included in Depreciation and amortization in our Condensed Consolidated Statements of Operations was $7.1 million and $7.3 million for the first quarters of 2024 and 2023, respectively. The estimated aggregate amortization expense for the remainder of 2024 and each of the following fiscal years ending December 31 is presented below:


(In thousands)
Remainder of 2024	$	20,407
2025	27,213
2026	26,960
2027	20,171
2028	19,335
Thereafter	161,855
Total amortization expense	$	275,941

The aggregate carrying amount of intangible assets of $278.4 million, which includes an indefinite-lived intangible of $2.5 million, is included in Intangible assets, net in our Condensed Consolidated Balance Sheet as of March 31, 2024.