Salem Media Group, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS AND RECENT TRANSACTIONS (Tables)

ACQUISITIONS AND RECENT TRANSACTIONS (Tables)

6 Months Ended

Jun. 30, 2018

Summary of business acquisitions and asset purchased

A summary of our business acquisitions and asset purchases during the six month period ended June 30, 2018, none of which were individually or in the aggregate material to our Condensed Consolidated financial position as of the respective date of acquisition, is as follows:

Acquisition Date	Description	Total Cost
		(Dollars in thousands)
June 25, 2018	KDXE-FM (formerly KZTS-FM), Little Rock, Arkansas (business acquisition)	$	1,100
April 19, 2018	HearItFirst.com (asset purchase)		70
		$	1,170

Total acquisition consideration allocated

The fair value of the net assets acquired was allocated as follows:

	Net Broadcast		Net Digital Media		Net Total
	Assets Acquired		Assets Acquired		Assets Acquired
	(Dollars in thousands)
Assets
Property and equipment	$	32	$	30	$	62
Broadcast licenses		1,061		—		1,061
Goodwill		7		—		7
Customer lists and contracts		—		40		40
	$	1,100	$	70	$	1,170