| Summary of Business Acquisitions and Asset Purchased |
A summary of our business acquisitions and asset purchases during the nine month period ended September 30, 2017, none of which were individually or in the aggregate 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) | | | September 15, 2017 | | Real property of radio station WSPZ-AM in Bethesda, Maryland (business acquisition) | | $ | 1,500 | | | August 31, 2017 | | TeacherTube.com (business acquisition) | | | 1,100 | | | August 31, 2017 | | Intelligence Reporter newsletter (business acquisition) | | | | | | July 24, 2017 | | FM Translator construction permit, Eaglemount, Washington (asset acquisition) | | | 40 | | | July 6, 2017 | | TradersCrux.com (business acquisition) | | | 298 | | | June 28, 2017 | | FM Translator construction permit, Festus, Missouri (asset acquisition) | | | 40 | | | June 8, 2017 | | Portuguese Bible Mobile Applications (business acquisition) | | | 82 | | | March 15, 2017 | | Prayers for Special Help (business acquisition) | | | 245 | | | March 14, 2017 | | FM Translator construction permit, Quartz Site, Arizona (asset purchase) | | | 20 | | | March 1, 2017 | | FM Translator construction permit, Roseburg, Oregon (asset purchase) | | | 45 | | | January 16, 2017 | | FM Translator, Astoria, Oregon (asset purchase) | | | 33 | | | January 1, 2017 | | FM Translator construction permit, Mohave Valley, Arizona (asset purchase) | | | 20 | | | | | | | $ | 3,423 | |
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| Total Acquisition Consideration Allocated |
The fair value of the net assets acquired was allocated as follows:
| | | Net Broadcast | | Net Digital Media | | Total Net | | | | | Assets Acquired | | Assets Acquired | | Assets Acquired | | | | | (Dollars in thousands) | | | Assets | | | | | | | | | | | | Property and equipment | | $ | 1,487 | | $ | 479 | | $ | 1,966 | | | Broadcast licenses | | | 198 | | | | | | 198 | | | Goodwill | | | 13 | | | 810 | | | 823 | | | Customer lists and contracts | | | | | | 314 | | | 314 | | | Domain and brand names | | | | | | 647 | | | 647 | | | Subscriber base and lists | | | | | | 2,316 | | | 2,316 | | | Non-compete agreements | | | | | | 11 | | | 11 | | | | | $ | 1,698 | | $ | 4,577 | | $ | 6,275 | | | Liabilities | | | | | | | | | | | | Deferred revenue | | $ | | | | (2,852) | | | (2,852) | | | | | $ | 1,698 | | $ | 1,725 | | $ | 3,423 | |
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