Salem Media Group, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS AND RECENT TRANSACTIONS (Tables)

ACQUISITIONS AND RECENT TRANSACTIONS (Tables)

3 Months Ended

Mar. 31, 2016

Summary of Business Acquisitions and Asset Purchased

A summary of our business acquisitions and asset purchases during the three month period ended March 31, 2016, 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)
March 8, 2016	King James Bible mobile applications (business acquisition)	$	4,000
Various	Purchase of domain names and assets for use in publishing business (asset purchases)		3
		$	4,003

Summary of Total Acquisition Consideration

The following table summarizes the total acquisition consideration for the three month period ending March 31, 2016:

Description	Total Consideration
	(Dollars in thousands)
Cash payments	$	2,703
Deferred payments		1,300
Total purchase price consideration	$	4,003

Total Acquisition Consideration Allocated

The total acquisition consideration was allocated to the net assets acquired as follows:

	Net Digital Media		Net Publishing		Net Total
	Assets Acquired		Assets Acquired		Assets Acquired

	(Dollars in thousands)
Assets
Property and equipment	$	360	$		$	360
Goodwill		221				221
Domain and brand names		736		3		739
Customer lists and contracts		2,394				2,394
Non-compete agreements		289				289
	$	4,000	$	3	$	4,003