Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS AND RECENT TRANSACTIONS (Tables)

v3.5.0.2
ACQUISITIONS AND RECENT TRANSACTIONS (Tables)
6 Months Ended
Jun. 30, 2016
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, 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)
 
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 domain names and assets for use in publishing business (asset purchases)
 
 
6
 
 
 
 
 
$
4,824
 
Summary of Total Acquisition Consideration
 
The following table summarizes the total acquisition consideration for the six month period ending June 30, 2016:
 
Description
 
Total Consideration
 
 
 
(Dollars in thousands)
 
Cash payments made upon closing
 
$
3,524
 
Deferred payments
 
 
1,300
 
Total purchase price consideration
 
$
4,824
 
Total Acquisition Consideration Allocated
The total acquisition consideration was allocated to the net assets acquired as follows:
 
 
 
Net Broadcast
 
Net Digital Media
 
Net Publishing
 
Net Total
 
 
 
Assets Acquired
 
Assets Acquired
 
Assets Acquired
 
Assets Acquired
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in thousands)
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Property and equipment
 
$
13
 
$
371
 
$
—
 
$
384
 
Projects in process
 
 
213
 
 
—
 
 
 
 
 
213
 
Broadcast licenses
 
 
492
 
 
—
 
 
—
 
 
492
 
Goodwill
 
 
—
 
 
230
 
 
—
 
 
230
 
Domain and brand names
 
 
—
 
 
908
 
 
6
 
 
914
 
Customer lists and contracts
 
 
—
 
 
2,867
 
 
—
 
 
2,867
 
Non-compete agreements
 
 
—
 
 
289
 
 
—
 
 
289
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
Deferred revenue
 
 
—
 
 
(565)
 
 
—
 
 
(565)
 
 
 
$
718
 
$
4,100
 
$
6
 
$
4,824