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

Quarterly report pursuant to Section 13 or 15(d)

BROADCAST LICENSES

BROADCAST LICENSES

6 Months Ended

Jun. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 7. BROADCAST LICENSES

The following table presents the changes in broadcasting licenses that include capital projects and acquisitions of radio stations and FM translators as discussed in Note 4 of our Condensed Consolidated financial statements.

Broadcast Licenses	Twelve Months Ended December 31, 2016		Six Months Ended June 30, 2017
	(Dollars in thousands)
Balance, beginning of period before cumulative loss on impairment	$	492,032	$	494,058
Accumulated loss on impairment		(99,001)		(105,541)
Balance, beginning of period after cumulative loss on impairment		393,031		388,517
Acquisitions of radio stations		74
Acquisitions of FM translators		1,645		133
Capital projects to improve broadcast signal and strength		307		28
Impairments based on estimated fair value of broadcast licenses		(6,540)
Balance, end of period before cumulative loss on impairment		494,058		494,219
Accumulated loss on impairment		(105,541)		(105,541)
Balance, end of period after cumulative loss on impairment	$	388,517	$	388,678