ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2015

Schedule of allocated fair value of acquired assets and liabilities assumed

The following tables summarize the allocated fair value of acquired assets and assumed liabilities, including the net assets of consolidated VIEs (in thousands):



	MEG Stations			KSNV			Allbritton			Other			Total 2014 acquisitions
Accounts receivable	$	—		$	—		$	38,542		$	—		$	38,542
Prepaid expenses and other current assets	476			67			19,890			79			20,512
Program contract costs	1,954			482			1,204			2,561			6,201
Property and equipment	23,462			8,300			46,600			8,400			86,762
Broadcast licenses	100			—			13,700			125			13,925
Definite-lived intangible assets	125,200			62,700			564,100			71,025			823,025
Other assets	—			—			20,352			1,500			21,852
Assets held for sale	—			—			83,200			—			83,200
Accounts payable and accrued liabilities	(2,085		)	(277		)	(8,351		)	(1,143		)	(11,856		)
Program contracts payable	(1,914		)	(481		)	(1,140		)	(2,554		)	(6,089		)
Deferred tax liability	—			—			(261,291		)	—			(261,291		)
Other long term liabilities	—			(1,200		)	(17,263		)	—			(18,463		)
Fair value of identifiable net assets acquired	147,193			69,591			499,543			79,993			796,320
Goodwill	58,698			48,699			535,694			42,443			685,534
Total	$	205,891		$	118,290		$	1,035,237		$	122,436		$	1,481,854

Schedule of allocated to definite-lived intangible assets

The following tables summarize the amounts allocated to definite-lived intangible assets representing the estimated fair values and estimated goodwill deductible for tax purposes (in thousands):



	MEG Stations		KSNV		Allbritton		Other		Total 2014 acquisitions
Network affiliations	$	54,300	$	44,775	$	356,900	$	42,625	$	498,600
Customer relationships	47,400		17,925		207,200		27,400		299,925
Other intangible assets	23,500		—		—		1,000		24,500
Fair value of identifiable definite-lived intangible assets acquired	$	125,200	$	62,700	$	564,100	$	71,025	$	823,025
Estimated goodwill deductible for tax purposes	$	58,698	$	48,699	$	—	$	42,443	$	149,840

Schedule of unaudited pro forma results of operations

The following table sets forth unaudited pro forma results of operations for the three and six months ended June 30, 2014, assuming that the above acquisitions, along with transactions necessary to finance the acquisitions, occurred at the beginning of the year preceding the year of acquisition. The pro forma results exclude acquisitions presented under Other above, as they were deemed not material both individually and in the aggregate (in thousands, except per share data):



	Three Months Ended June 30,		Six Months Ended June 30,
	2014		2014
Total revenues	$	528,490	$	1,000,920
Net Income	$	40,361	$	67,817
Net Income attributable to Sinclair Broadcast Group	$	40,095	$	67,052
Basic earnings per share attributable to Sinclair Broadcast Group	$	0.41	$	0.68
Diluted earnings per share attributable to Sinclair Broadcast Group	$	0.41	$	0.68