Salem Media Group, Inc. Annual report pursuant to Section 13 and 15(d)

Amortizable Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

The following tables provide a summary of our significant classes of amortizable intangible assets:


	As of December 31, 2019
			Accumulated
	Cost		Amortization			Net
	(Dollars in thousands)
Customer lists and contracts	$	23,833	$	(21,823	)	$	2,010
Domain and brand names		20,332		(17,727	)		2,605
Favorable and assigned leases		2,188		(1,920	)		268
Subscriber base and lists		9,886		(8,251	)		1,635
Author relationships		2,771		(2,609	)		162
Non-compete agreements		2,041		(1,798	)		243
Other amortizable intangible assets		1,666		(1,489	)		177

	$	62,717	$	(55,617	)	$	7,100


	As of December 31, 2018
			Accumulated
	Cost		Amortization			Net
	(Dollars in thousands)
Customer lists and contracts	$	24,673	$	(21,798	)	$	2,875
Domain and brand names		21,358		(16,758	)		4,600
Favorable and assigned leases		2,256		(1,953	)		303
Subscriber base and lists		9,672		(7,198	)		2,474
Author relationships		2,771		(2,454	)		317
Non-compete agreements		2,048		(1,641	)		407
Other amortizable intangible assets		1,666		(1,378	)		288

	$	64,444	$	(53,180	)	$	11,264

Based on the amortizable intangible assets as of December 31, 2019, we estimate amortization expense for the next five years to be as follows: