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The E.W. Scripps Company SSP Local Media — Goodwill, Acquired During Period
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Where this comes from
Reported directly by The E.W. Scripps Company in its filing.
Tagged under the XBRL concept us-gaap:GoodwillAcquiredDuringPeriod.
The source filing: The E.W. Scripps Company’s 10-K, filed February 24, 2023.
- Filed
- Feb 24, 2023
- Fiscal year
- FY2022
- Accession
- 0000832428-23-000009
| (in thousands) | Local Media | Scripps Networks | Other | Total |
|---|---|---|---|---|
| Accumulated impairment losses | (216,914) | (21,000) | — | (237,914) |
| Net balance as of December 31, 2019 | 926,945 | 211,742 | 85,992 | 1,224,679 |
| Television stations acquisitions adjustments | 2,500 | — | — | 2,500 |
| KCDO acquisition | 1,679 | — | — | 1,679 |
| Sale of WPIX | (24,997) | — | — | (24,997) |
| Sale of Weathersphere | (633) | — | — | (633) |
| Omny acquisition adjustment | — | — | (16) | (16) |
| Balance as of December 31, 2020 | $905,494 | $211,742 | $85,976 | $1,203,212 |
Item 16. Form 10-K Summary
FAQ
- What is The E.W. Scripps Company's local media — goodwill, acquired during period?
- The E.W. Scripps Company (SSP) reported local media — goodwill, acquired during period of $0 in Q4 2022.
- What does local media — goodwill, acquired during period mean?
- The amount of goodwill recognized on the balance sheet resulting from business acquisitions completed within the local media segment during the reporting period. It reflects the company's inorganic growth strategy and the premium paid for acquired market share or assets.
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