Acquisitions (Tables)

12 Months Ended

Jun. 30, 2017

Schedule of Assets Acquired and Liabilities Assumed

The following table summarizes the fair value of total consideration transferred and the recognized amounts of identifiable assets acquired and liabilities assumed by segment during the year ended June 30, 2017:



(In thousands)	Local Media Acquisition			National Media Acquisition		Total
Consideration
Cash	$	70,000		$	11,819	$	81,819
Payment in escrow	—			1,600		1,600
Contingent consideration arrangements	—			7,681		7,681
Fair value of total consideration transferred	$	70,000		$	21,100	$	91,100

Recognized amounts of identifiable assets acquired and liabilities assumed
Total identifiable assets acquired	$	81,615		$	8,600	$	90,215
Total liabilities assumed	(23,444		)	—		(23,444		)
Total identified net assets	58,171			8,600		66,771
Goodwill	11,829			12,500		24,329
	$	70,000		$	21,100	$	91,100

Schedule of Acquired Intangible Assets by Acquisition

The following table provides details of the acquired intangible assets by acquisition:



(In thousands)	Local Media Acquisition		National Media Acquisition		Total
Intangible assets subject to amortization
Retransmission agreements	$	6,694	$	—	$	6,694
Customer list	—		4,200		4,200
Other	657		4,400		5,057
Total	7,351		8,600		15,951
Intangible assets not subject to amortization
FCC licenses	50,477		—		50,477
Intangible assets	$	57,828	$	8,600	$	66,428