| Summary of Business Acquisitions and Asset Purchased |
| Acquisition Date |
|
Description |
|
Total Cost |
|
|
|
|
|
(Dollars in thousands) |
|
| September 15, 2015 |
|
KEXB-AM (formerly KMKI-AM) Dallas, Texas (business acquisition) |
|
$ |
3,000 |
|
| September 10, 2015 |
|
WBIX-AM (formerly WMKI-AM), Boston, Massachusetts (business acquisition)
|
|
|
500 |
|
September 3, 2015
|
|
Spanish Bible Mobile Applications (business acquisition)
|
|
|
500 |
|
September 1, 2015
|
|
DailyBible Mobile Applications (business acquisition)
|
|
|
1,500 |
|
July 1, 2015
|
|
DividendInvestor.com (business acquisition)
|
|
|
1,000 |
|
| 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) |
|
|
129 |
|
| |
|
|
|
$ |
13,380 |
|
|
| Total Acquisition Consideration Allocated |
|
|
Net Broadcast
Assets Acquired
|
|
|
Net Digital Media
Assets Acquired |
|
|
Net Assets
Acquired |
|
|
|
(Dollars in thousands) |
|
| Assets |
|
|
|
|
|
|
|
|
|
|
|
|
| Property and equipment |
|
$ |
5,590 |
|
|
$ |
604 |
|
|
$ |
6,194 |
|
| Broadcast licenses |
|
|
3,131 |
|
|
|
|
|
|
|
3,131 |
|
| Goodwill |
|
|
30 |
|
|
|
254 |
|
|
|
284 |
|
| Inventories |
|
|
|
|
|
|
14 |
|
|
|
14 |
|
| Customer lists and contracts |
|
|
|
|
|
|
29 |
|
|
|
29 |
|
| Domain and brand names |
|
|
|
|
|
|
1,088 |
|
|
|
1,088 |
|
| Subscriber base and lists |
|
|
|
|
|
|
3,011 |
|
|
|
3,011 |
|
| Non-compete agreements |
|
|
|
|
|
|
146 |
|
|
|
146 |
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Deferred revenue liabilities assumed |
|
|
|
|
|
|
(517 |
) |
|
|
(517 |
) |
| |
|
$ |
8,751 |
|
|
$ |
4,629 |
|
|
$ |
13,380 |
|
|