Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS AND RECENT TRANSACTIONS (Tables)

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ACQUISITIONS AND RECENT TRANSACTIONS (Tables)
 6 Months Ended
Jun. 30, 2015
Summary of Business Acquisitions and Asset Purchased
Acquisition Date Description   Total Cost  
  (Dollars in thousands)  
June 4, 2015   Gene Smart Wellness (asset acquisition)     100   
May 12, 2015   WPGP-AM (formerly WDDZ-AM), Pittsburgh, Pennsylvania (business acquisition)   $ 1,000  
May 7, 2015   WDWD-AM, Atlanta, Georgia (business acquisition)   2,750  
May 6, 2015   Daily Bible Devotion (business acquisition)   1,242  
April 7, 2015
   Land and Studio Building, Greenville, South Carolina (asset purchase)   201  
March 27, 2015 WDYZ-AM, Orlando, Florida (business acquisition)  
1,300  
February 6, 2015 Bryan Perry Newsletters (business acquisition)    158  
Various   Purchase of domain names and digital media assets (asset purchases)   122  
        $ 6,873  
Summary of Total Acquisition Consideration
Description Total Consideration  
(Dollars in thousands)  
Cash payments $ 6,508  
Escrow deposits paid in prior years 65  
Present value of estimated fair value contingent earn out consideration due 2016   176  
Present value of estimated fair value contingent earn out consideration due 2017    124  
Total purchase price consideration   $ 6,873  
Total Acquisition Consideration Allocated

Net Broadcast
Assets Acquired

   Net Digital Media
Assets Acquired		     Net Assets
Acquired		  
(Dollars in thousands)   
Assets                  
Property and equipment $ 3,823     $ 361     $ 4,184  
Broadcast licenses     1,414       —       1,414  
Goodwill     14       118       132  
Customer lists and contracts     —       15       15   
Domain and brand names     —       404       404  
Subscriber base and lists     —       1,122       1,122  
Non-compete agreements     —       49       49  
Liabilities                  
Deferred revenues     —       (447 )      (447 )
    $ 5,251     $ 1,622     $ 6,873