Quarterly report pursuant to Section 13 or 15(d)

Recent Transactions (Tables)

v3.23.1
Recent Transactions (Tables)
 3 Months Ended
Mar. 31, 2023
Disclosure Details Of Purchase Consideration Business Combination
The total purchase price consideration for our business acquisitions and asset purchases during the three-month period ending March 31, 2023, is as follows:
 
Description
   
Total Consideration
  
    
(Dollars in thousands)
  
        
Cash payments made upon closing
   
$
5,568
 
Escrow deposits paid in prior years
   
 
750
 
Fair value of contingent
earn-out
consideration
   
 
263
 
    
 
 
  
Total purchase price consideration
   
$
6,581
 
    
 
 
  
Fair value of the net assets acquired Differences between the preliminary and final valuation could be substantially different from the initial estimate.
 
         
Net Broadcast
Assets Acquired
     
Net Digital Media
Assets Acquired
     
Total
Net Assets
  
Assets
                                
    
Property and equipment
   
$
2,671
 
   
$
39
 
   
$
2,710
 
    
Broadcast licenses
   
 
3,542
 
   
 
—  
 
   
 
3,542
 
    
Goodwill
   
 
80
 
   
 
1,181
 
   
 
1,261
 
    
Domain and brand names
   
 
—  
 
   
 
718
 
   
 
718
 
    
Subscriber base and lists
   
 
—  
 
   
 
1,769
 
   
 
1,769
 
    
Non-Compete
agreement
   
 
—  
 
   
 
1,601
 
   
 
1,601
 
         
 
 
     
 
 
     
 
 
  
Liabilities
                                
    
Contract liabilities
      —       
 
(5,020
) 
   
 
(5,020
) 
         
 
 
     
 
 
     
 
 
  
         
$
6,293
 
   
$
288
 
   
$
6,581