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

Quarterly report pursuant to Section 13 or 15(d)

GOODWILL

GOODWILL

3 Months Ended

Mar. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 8. GOODWILL

The following table presents the changes in goodwill including acquisitions as discussed in Note 4 of our Condensed Consolidated Financial Statements.

Goodwill		Twelve Months Ended December 31, 2017			Three Months Ended March 31, 2018
		(Dollars in thousands)
Balance, beginning of period before cumulative loss on impairment		$	27,642		$	28,453
Accumulated loss on impairment			(2,029)			(2,029)
Balance, beginning of period after cumulative loss on impairment			25,613			26,424
Acquisitions of radio stations			14
Acquisitions of digital media entities			810
Sale of income generating broadcast business			(13)
Balance, end of period before cumulative loss on impairment			28,453			28,453
Accumulated loss on impairment			(2,029)			(2,029)
Ending period balance		$	26,424		$	26,424