| Summary of Business Acquisitions and Asset Purchased |
A summary of our business acquisitions and asset purchases during the year ended December 31, 2016, 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) | | | December 31, 2016 | | FM translator, Aurora, Florida (asset purchase) | | $ | 50 | | | December 31, 2016 | | FM translator, Port St. Lucie, Florida (asset purchase) | | | 50 | | | December 14, 2016 | | FM translator, Rhinelander, Wisconsin (asset purchase) | | | 50 | | | December 8, 2016 | | FM translator, Little Fish Lake Valley, California (asset purchase) | | | 44 | | | December 1, 2016 | | FM translator, Lake Placid, Florida (asset purchase) | | | 35 | | | December 1, 2016 | | Christian Concerts Alerts, LLC (asset purchase) | | | 150 | | | November 22, 2016 | | FM translator construction permit, Kihei, Hawaii (asset purchase) | | | 55 | | | November 22, 2016 | | FM translator construction permit, Lahaina, Hawaii (asset purchase) | | | 55 | | | November 22, 2016 | | FM translator, Crested Butte, Colorado (asset purchase) | | | 39 | | | November 21, 2016 | | FM translator, Dansville, New York (asset purchase) | | | 75 | | | November 21, 2016 | | FM translator, Carbondale, Pennsylvania (asset purchase) | | | 75 | | | November 11, 2016 | | FM translator construction permit, Kingsville, Texas (asset purchase) | | | 50 | | | November 7, 2016 | | FM translator, Sebring, Florida (asset purchase) | | | 77 | | | October 20, 2016 | | KXFN-AM, St. Louis, Missouri (business acquisition) | | | 190 | | | October 20, 2016 | | FM translator construction permit, Angola, Indiana (asset purchase) | | | 50 | | | October 20, 2016 | | FM translator construction permit, Cofax, Indiana (asset purchase) | | | 55 | | | October 20, 2016 | | FM translator construction permit, Battle Creek, Michigan (asset purchase) | | | 50 | | | October 19, 2016 | | FM translator construction permit Palm Coast, Florida purchased from a related party (asset purchase) | | | 65 | | | October 17, 2016 | | Historyonthenet.com and Authentichistory.com (asset purchase) | | | 85 | | | October 12, 2016 | | FM translator Lake City, Florida purchased from a related party (asset purchase) | | | 65 | | | September 13, 2016 | | Mike Turner’s investment products and domain names (business acquisition) | | | 416 | | | August 1, 2016 | | Hillcrest Media Group, Inc. (business acquisition) | | | 3,515 | | | June 20, 2016 | | FM translator, Columbus, Ohio (asset purchase) | | | 345 | | | June 10, 2016 | | FM translator, Amherst, New York (asset purchase) | | | 60 | | | June 8, 2016 | | FM translator construction permit, Charlotte, Michigan (asset purchase) | | | 50 | | | June 3, 2016 | | FM translator construction permit, Atwood, Kentucky (asset purchase) | | | 88 | | | May 13, 2016 | | FM translator construction permit, Kerrville, Texas (asset purchase) | | | 50 | | | May 2, 2016 | | FM translator, Lincoln, Maine (asset purchase) | | | 100 | | | April 29, 2016 | | FM translator construction permit, Emporia, Kansas (asset purchase) | | | 25 | | | April 1, 2016 | | Retirement Watch (business acquisition) | | | 100 | | | March 8, 2016 | | King James Bible mobile applications (business acquisition) | | | 4,000 | | | Various | | Purchase of other domain names and assets (asset purchases) | | | 6 | | | | | | | $ | 10,120 | |
A summary of our business acquisitions and asset purchases for the year ended December 31, 2015, 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) | | | December 18, 2015 | | WSDZ-AM, St. Louis, Missouri (business acquisition) | | $ | 275 | | | December 15, 2015 | | KDIZ-AM, Minneapolis, Minnesota (business acquisition) | | | 375 | | | December 11, 2015 | | WWMI-AM, Tampa, Florida(business acquisition) | | | 750 | | | December 8, 2015 | | KDDZ-AM, Denver, Colorado (business acquisition) | | | 550 | | | December 7, 2015 | | Instapray mobile applications (asset acquisition) | | | 118 | | | December 4, 2015 | | KDZR-AM, Portland, Oregon (business acquisition) | | | 275 | | | October 29, 2015 | | DividendYieldHunter.com (asset acquisition) | | | 43 | | | October 1, 2015 | | KKSP-FM, Little Rock, Arkansas (business acquisition) | | | 1,500 | | | 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 mobile applications (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) | | | 134 | | | | | | | $ | 17,271 | |
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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 | | Net Publishing | | Net Total | | | | | Assets Acquired | | Assets Acquired | | Assets Acquired | | Assets Acquired | | | | | (Dollars in thousands) | | | Assets | | | | | | | | | | | | | | | Trade accounts receivable, net of allowances of $42 | | $ | | | $ | | | $ | 166 | | $ | 166 | | | Property and equipment | | | 224 | | | 405 | | | 271 | | | 900 | | | Broadcast licenses | | | 1,719 | | | | | | | | | 1,719 | | | Goodwill | | | | | | 237 | | | 845 | | | 1,082 | | | Domain and brand names | | | | | | 1,129 | | | 2,121 | | | 3,250 | | | Customer lists and contracts | | | | | | 2,576 | | | | | | 2,576 | | | Subscriber base and lists | | | | | | 675 | | | | | | 675 | | | Author relationships | | | | | | | | | 526 | | | 526 | | | Non-compete agreements | | | | | | 289 | | | 716 | | | 1,005 | | | Liabilities | | | | | | | | | | | | | | | Deferred revenue | | | | | | (642) | | | (1,042) | | | (1,684) | | | | | $ | 1,943 | | $ | 4,669 | | $ | 3,603 | | $ | 10,215 | |
The fair value of the net assets acquired was allocated as follows:
| | | Net Broadcast | | Net Digital Media | | Net Assets | | | | | Assets Acquired | | Assets Acquired | | Acquired | | | | | (Dollars in thousands) | | | Assets | | | | | | | | | | | | Property and equipment | | $ | 7,845 | | | 649 | | | 8,494 | | | Broadcast licenses | | | 5,923 | | | | | | 5,923 | | | Goodwill | | | 64 | | | 254 | | | 318 | | | Customer lists and contracts | | | | | | 99 | | | 99 | | | Domain and brand names | | | | | | 1,154 | | | 1,154 | | | Subscriber base and lists | | | | | | 3,011 | | | 3,011 | | | Non-compete agreements | | | | | | 146 | | | 146 | | | Liabilities | | | | | | | | | | | | Deferred revenue liabilities assumed | | | | | | (517) | | | (517) | | | | | $ | 13,832 | | | 4,796 | | | 18,628 | |
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