Company: IHETW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051036
Chunk: 72

Company: iHeartMedia, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 72
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,623 $(967,377)Talent and other contracts338,900 (277,410)338,900 (245,909)Trademarks and tradenames335,912 (215,937)335,912 (190,450)Other18,003 (15,751)18,003 (14,120)Total$2,345,438 $(1,578,946)$2,345,438 $(1,417,856)Total amortization expense related to definite-lived intangible assets for the Company for the three months ended September 30, 2025 and 2024 was $53.7 million and $61.2 million, respectively. Total amortization expense related to definite-lived intangible assets for the Company for the nine months ended September 30, 2025 and 2024 was $161.1 million and $184.3 million, respectively.The following table presents the Company’s estimate of amortization expense for each of the five succeeding fiscal years for definite-lived intangible assets:(In thousands)2026$201,563 2027176,171 2028160,395 2029121,622 203016,430 GoodwillThe following table presents the changes in the carrying amount of goodwill:(In thousands)Multiplatform GroupDigital Audio GroupAudio & Media Services GroupConsolidatedBalance as of December 31, 2024(1)$731,501 $311,353 $62,302 $1,105,156 Foreign currency— — 337 337 Balance as of September 30, 2025$731,501 $311,353 $62,639 $1,105,493 (1)Beginning goodwill balance is presented net of prior accumulated impairment losses of $2.0 billion related to our Multiplatform Group, $439.4 million related to our Digital Audio Group and $41.6 million related to our Audio & Media Services Group. Goodwill Impairment AssessmentAs discussed above, the Company performs its impairment test for each reporting unit’s goodwill as of July 1 of each year. The Company also tests goodwill at interim dates if events or changes in circumstances indicate that goodwill might be impaired. 

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IHEARTMEDIA, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

The goodwill impairment test requires measurement of the fair value of the Company's reporting units