ACQUISITIONS AND DISPOSITION OF ASSETS (Tables)

12 Months Ended

Dec. 31, 2016

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 Station			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			8,352			86,714
Indefinite-lived intangible assets	675			—			13,700			225			14,600
Definite-lived intangible assets	125,925			70,375			564,100			87,915			848,315
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 liabilities	—			—			(261,291		)	—			(261,291		)
Other long term liabilities	—			(1,200		)	(17,263		)	—			(18,463		)
Fair value of identifiable net assets acquired	148,493			77,266			499,543			96,935			822,237
Goodwill	57,398			41,024			535,694			25,501			659,617
Total	$	205,891		$	118,290		$	1,035,237		$	122,436		$	1,481,854

The following table summarizes the allocated fair value of acquired assets and assumed liabilities of Tennis (in thousands):



Cash	$	5,111
Accounts receivable	17,629
Prepaid expenses and other current assets	6,518
Property and equipment	5,964
Definite-lived intangible assets	272,686
Indefinite-lived intangible assets	23,400
Other assets	619
Accounts payable and accrued liabilities	(7,414		)
Capital leases	(115		)
Deferred tax liability	(16,991		)
Other long term liabilities	(1,669		)
Fair value of identifiable net assets acquired	305,738
Goodwill	53,427
Total	$	359,165

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	$	56,925	$	44,775	$	356,900	$	27,575	$	486,175
Customer relationships	45,500		25,600		207,200		44,800		323,100
Other intangible assets	23,500		—		—		15,540		39,040
Fair value of identifiable definite-lived intangible assets acquired	$	125,925	$	70,375	$	564,100	$	87,915	$	848,315
Estimated definite-lived intangible assets deductible for tax purposes	$	57,398	$	41,024	—		$	25,501	$	123,923

Schedule of acquired operations included in the financial statements

Financial Results of Acquisitions

The following tables summarize the results of the net media revenues and operating income (loss) included in the financial statements of the Company beginning on the acquisition date of each acquisition as listed below (in thousands):



Revenues	2016		2015		2014
Tennis Channel	$	84,040	$	—	$	—
MEG Stations	86,466		69,275		2,299
KSNV	63,818		32,471		5,972
Allbritton	253,845		231,300		106,258
Other stations acquired in:
2016	49,186		—		—
2015	2,676		1,007		—
2014	49,298		42,470		9,172
Total net media revenues	$	589,329	$	376,523	$	123,701



Operating Income (Loss)	2016			2015		2014
Tennis Channel	$	(1,990	)	$	—	$	—
MEG Stations	26,728			15,246		1,010
KSNV	36,446			7,206		2,108
Allbritton	49,777			39,550		26,914
Other stations acquired in:
2016	18,311			—		—
2015	646			426		—
2014	11,644			8,451		1,569
Total operating income	$	141,562		$	70,879	$	31,601

Schedule of unaudited pro forma results of operations

The following table sets forth unaudited pro forma results of operations, assuming that Tennis and the 2014 Acquisitions, along with transactions necessary to finance the acquisition, occurred at the beginning of the year preceding the year of acquisition. The pro forma results exclude the acquisitions presented under Other 2016 Acquisitions, 2015 Acquisitions, and Other 2014 Acquisitions above, as they were deemed not material both individually and in the aggregate. The 2014 period does not include the pro forma effects of the Tennis acquisition, and as such will not provide comparability to the 2015 and 2016 pro forma periods presented in the following table (in thousands, except per share data):



	Unaudited
	2016		2015		2014
Total revenues	$	2,751,441	$	2,310,202	$	2,150,124
Net Income	$	249,722	$	168,364	$	189,174
Net Income attributable to Sinclair Broadcast Group	$	244,261	$	163,789	$	186,338
Basic earnings per share attributable to Sinclair Broadcast Group	$	2.61	$	1.72	$	1.92
Diluted earnings per share attributable to Sinclair Broadcast Group	$	2.59	$	1.71	$	1.90