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

Quarterly report pursuant to Section 13 or 15(d)

SIGNIFICANT TRANSACTIONS (Tables)

SIGNIFICANT TRANSACTIONS (Tables)

6 Months Ended

Jun. 30, 2013

Summary of Business Acquisitions and Asset Purchases

A summary of our business acquisitions and asset purchases for the six months ended June 30, 2013, none of which were 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)
February 15, 2013	WTOH-FM, Columbus, Ohio	$	4,000
February 5, 2013	WGTK-FM, Greenville, South Carolina		5,427

		$	9,427

Total Acquisition Consideration Allocated

The total acquisition consideration was allocated to the net assets acquired as follows:


	Net Broadcast Assets Acquired
	(Dollars in thousands)
Asset
Property and equipment	$	1,252
Broadcast licenses		7,429
Goodwill		37
Other		709

	$	9,427

Loss from Discontinued Operations

The following table sets forth the components of the loss from discontinued operations:


	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2013			2012			2013
	(Dollars in thousands)
Net revenues	$	13		$	11		$	11		$	11
Operating expenses		(34	)		(19	)		(102	)		(35	)

Operating income (loss)	$	(21	)	$	(8	)	$	(91	)	$	(24	)
Provision for (benefit from) income taxes		(8	)		(4	)		(36	)		(9	)

Income (loss) from discontinued operations, net of tax	$	(13	)	$	(4	)	$	(55	)	$	(15	)

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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