Company: EVC
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034661
Chunk: 219

Company: ENTRAVISION COMMUNICATIONS CORP
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1B
Chunk 219
---
 revenue
         
        $
        2,799

        1,977

        (2,799
        )
         
        $
        1,977

6. GOODWILL AND OTHER INTANGIBLE ASSETS As a result of the sale of the Company’s EGP business, goodwill of $4.6 million was allocated to discontinued operations based on the relative fair value of the EGP business compared to the fair value of the remaining components that represent a business in the Company’s then digital reporting unit. Further, effective July 1, 2024, the Company has realigned its operating segments into two segments – media and advertising technology & services – based on the products and services it sells, consistent with the Company's current operational and management structure (see Note 19 for more details). The Company has identified each of these two operating segments to be separate reporting units. As a result of this realignment, $2.8 million of goodwill was allocated from the advertising 

F-21

technology & services reporting unit to the media reporting unit based on the relative fair value of the reallocated components that represent a business.The carrying amount of goodwill for each of the Company’s operating segments for the years ended December 31, 2024 and 2023 is as follows (in thousands): 

        December 31,

        Additions From

        December 31,

        December 31,

        2022

        Acquisitions

        2023

        Impairment

        2024

        Media
         
        $
        43,322

        $
        —

        $
        43,322

        $
        (43,322
        )
         
        $
        —

        Advertising Technology & Services

        3,872

        3,480

        7,352

        —

        7,352

        Consolidated
         
        $
        47,194

        $
        3,480

        $
        50,674

        $
        (43,322
        )
         
        $
        7,352

       The composition of the Company’s acquired intangible assets and the associated accumulated amortization as of December 31, 2024 and 2023 is as follows (in thousands):   

        2024

        2023

        Weighted average remaining life in years

        Gross Carrying Amount

        Accumulated Amortization

        Net Carrying