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NEWS CORPORATION
Notes to the Consolidated Financial Statements (continued)
The changes in the carrying value of goodwill, by segment, are as follows:
Balance as of
June 30, 2006 Additions Adjustments
Balance as of
June 30, 2007
(in millions)
Filmed Entertainment $ 1,073 $ — $ (2) $ 1,071
Television 3,284 — — 3,284
Cable Network Programming 4,779 138 (2) 4,915
Direct Broadcast Satellite Television 559 — 33 592
Magazines & Inserts 257 — — 257
Newspapers 913 354 128 1,395
Book Publishing 2 — — 2
Other 1,681 642 (20) 2,303
Total goodwill $12,548 $1,134 $137 $13,819
Goodwill balances increased $1,271 million during the fiscal year ended June 30, 2007, primarily as a result of new acquisitions. The
largest goodwill balance increases arose primarily from acquisitions at the Other segment (Jamba, TGRT, Jungo and SDC), the
Newspapers segment (FPC) and the Cable segment (NGC International). Fiscal 2007 adjustments primarily relate to the finalization
of purchase price allocations for previously announced acquisitions and foreign currency translation adjustments.
Balance as of
June 30, 2005 Additions Adjustments
Balance as of
June 30, 2006
(in millions)
Filmed Entertainment $ 976 $ — $ 97 $ 1,073
Television 3,407 — (123) 3,284
Cable Network Programming 4,416 323 40 4,779
Direct Broadcast Satellite Television 523 — 36 559
Magazines & Inserts 257 — — 257
Newspapers 980 — (67) 913
Book Publishing — 2 — 2
Other 385 1,382 (86) 1,681
Total goodwill $10,944 $1,707 $(103) $12,548
Goodwill balances increased $1,604 million during the fiscal year ended June 30, 2006 primarily as a result of new acquisitions. The
largest goodwill balance increases arose from acquisitions at the Other segment (Intermix, IGN and Scout) and at the Cable seg-
ment (SportSouth). Fiscal 2006 adjustments primarily relate to the finalization of purchase price allocations for previously announced
acquisitions and foreign currency translation adjustments.
Amortization related to finite-lived intangible assets was $110 million, $99 million and $40 million for the fiscal years ended
June 30, 2007, 2006 and 2005, respectively.
Based on the current amount of intangible assets subject to amortization, the estimated amortization expense for each of the
succeeding five fiscal years is as follows: 2008—$170 million, 2009—$161 million, 2010—$153 million, 2011—$114 million and
2012—$105 million. These amounts may vary as acquisitions and disposals occur in the future and as purchase price allocations are
finalized.
NEWS CORPORATION 2007 Annual Report 87