Company: IHETW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001400891-25-000046
Chunk: 18

Company: iHeartMedia, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 18
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$489,843 Indefinite-lived Intangible AssetsThe Company’s indefinite-lived intangible assets consist of FCC broadcast licenses in its Multiplatform Group segment. Other Intangible AssetsOther intangible assets consists of definite-lived intangible assets, which primarily include customer and advertiser relationships, talent and representation contracts, trademarks and tradenames and other contractual rights, all of which are amortized over the shorter of either the respective lives of the agreements or over the period of time that the assets are expected to contribute directly or indirectly to the Company’s future cash flows. The Company periodically reviews the appropriateness of the amortization periods related to its definite-lived intangible assets. These assets are recorded at amortized cost. The following table presents the gross carrying amount and accumulated amortization for each major class of other intangible assets.(In thousands)June 30, 2025December 31, 2024Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated AmortizationCustomer / advertiser relationships$1,652,623 $(1,035,713)$1,652,623 $(967,377)Talent and other contracts338,900 (266,910)338,900 (245,909)Trademarks and tradenames335,912 (207,442)335,912 (190,450)Other18,003 (15,228)18,003 (14,120)Total$2,345,438 $(1,525,293)$2,345,438 $(1,417,856)Total amortization expense related to definite-lived intangible assets for the Company for the three months ended June 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 six months ended June 30, 2025 and 2024 was $107.4 million and $123.1 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$201,512 2027176,171 2028160,395 2029121,622 203016,430 

12

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

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