Annual report pursuant to Section 13 and 15(d)

Recent Transactions (Tables)

v3.22.0.1
Recent Transactions (Tables)
12 Months Ended
Dec. 31, 2021
Schedule of Business Acquisitions
A summary of our business acquisitions and asset purchases during the year ending December 31, 2021, none of which were individually or in the aggregate material to our consolidated financial position as of the respective date of acquisition, is as follows:

 
Acquisition Date
  
Description
 
Total Consideration
 
 
  
 
 
(Dollars in
thousands)
 
             
July 2, 2021
   SeniorResource.com (asset acquisition)    
$80
 
July 1, 2021
   ShiftWorship.com (business acquisition)  
 
2,600
 
June 1, 2021
  
KDIA-AM
and
KDYA-AM
San Francisco, California (business acquisition)
 
 
600
 
April 28, 2021
   Centerline New Media (business acquisition)  
 
1,300
 
March 8, 2021
   Triple Threat Trader (asset acquisition)  
 
127
 
        
 
 
 
          
$4,707
 
        
 
 
 
Summary of Total Acquisition Consideration
The total purchase price consideration for our business acquisitions and asset purchases during the year ending December 31, 2021, is as follows:
 
Description
  
Total Consideration
 
 
  
(Dollars in thousands)
 
Cash payments made upon closing
  
$
4,580
 
Deferred payments
  
 
116
 
Present value of estimated fair value of contingent
earn-out
consideration
  
 
11
 
    
 
 
 
Total purchase price consideration
  
$
4,707
 
    
 
 
 
Total Acquisition Consideration Allocated
 
 
  
Net Broadcast
Assets Acquired
 
  
Net Digital
Assets Acquired
 
 
Total
Net Assets
 
 
  
(Dollars in thousands)
 
Assets
  
     
  
     
 
     
                         
Property and equipment
   $ 361      $ 3,221      $ 3,582  
Broadcast licenses
     235        —          235  
Goodwill
     4        225        229  
Customer lists and contracts
     —          789        789  
Domain and brand names
     —          66        66  
    
 
 
    
 
 
    
 
 
 
    
$
600
 
  
$
4,301
 
  
$
4,901
 
    
 
 
    
 
 
    
 
 
 
Liabilities
                          
Contract liabilities, short-term
     —          (194      (194
    
 
 
    
 
 
    
 
 
 
    
$
600
 
  
$
4,107
 
  
$
4,707