Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS AND RECENT TRANSACTIONS (Tables)

v3.10.0.1
ACQUISITIONS AND RECENT TRANSACTIONS (Tables)
6 Months Ended
Jun. 30, 2018
Business Combinations [Abstract]  
Summary of business acquisitions and asset purchased
A summary of our business acquisitions and asset purchases during the six month period ended June 30, 2018, 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)
 
June 25, 2018
 
KDXE-FM (formerly KZTS-FM), Little Rock, Arkansas (business acquisition)
 
$
1,100
 
April 19, 2018
 
HearItFirst.com (asset purchase)
 
 
70
 
 
 
 
 
$
1,170
 
Total acquisition consideration allocated
The fair value of the net assets acquired was allocated as follows:
 
 
 
Net Broadcast
 
 
Net Digital Media
 
 
Net Total
 
 
 
Assets Acquired
 
 
Assets Acquired
 
 
Assets Acquired
 
 
 
(Dollars in thousands)
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
Property and equipment
 
$
32
 
 
$
30
 
 
$
62
 
Broadcast licenses
 
 
1,061
 
 
 
 
 
 
1,061
 
Goodwill
 
 
7
 
 
 
 
 
 
7
 
Customer lists and contracts
 
 
 
 
 
40
 
 
 
40
 
 
 
$
1,100
 
 
$
70
 
 
$
1,170