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

Quarterly report pursuant to Section 13 or 15(d)

Recent Transactions (Tables)

Recent Transactions (Tables)

6 Months Ended

Jun. 30, 2021

Disclosure Details Of Business Acquistion

A summary of our business acquisitions and asset purchases during the

six-month

period ending June 30, 2021, 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)
June 1, 2021	KDIA-AM and KDYA-AM San Francisco, California (business acquisition)	$	600
April 28, 2021	Centerline New Media (business acquisition)		1,300
March 8, 2021	Triple Threat Trader (asset acquisition)		127

		$	2,027

Disclosure Details Of Purchase Consideration Business Combination

The total purchase price consideration for our business acquisitions and asset purchases the

six-month

period ending June 30, 2021, is as follows:


Description	Total Consideration
	(Dollars in thousands)
Cash payments made upon closing	$	1,900
Deferred payments		116
Present value of estimated fair value of contingent earn-out consideration		11

Total purchase price consideration	$	2,027

Fair value of the net assets acquired

The fair value of the net assets acquired was allocated as follows:


		Net Broadcast Assets Acquired		Net Digital Assets Acquired			Total Net Assets
		(Dollars in thousands)
Assets
	Property and equipment	$	361	$	1,080		$	1,441
	Broadcast licenses		235		—			235
	Goodwill		4		24			28
	Customer lists and contracts		—		314			314
	Domain and brand names		—		22			22

		$	600	$	1,440		$	2,040

Liabilities
	Contract liabilities, short-term		—		(13	)		(13	)

		$	600	$	1,427		$	2,027