ACQUISITIONS AND DISPOSITIONS OF ASSETS (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of allocated fair value of acquired assets and liabilities assumed

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



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	300,627
Goodwill	53,427
Total purchase price, net of cash acquired	$	354,054

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



Accounts receivable	$	14,665
Prepaid expenses and other current assets	633
Program contract costs	683
Property and equipment	27,295
Definite-lived intangible assets	161,936
Indefinite-lived intangible assets	425
Other assets	3,609
Accounts payable and accrued liabilities	(8,428		)
Program contracts payable	(783		)
Deferred tax liability	(66,158		)
Other long term liabilities	(12,156		)
Fair value of identifiable net assets acquired	121,721
Goodwill	119,426
Total purchase price, net of cash acquired	$	241,147

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	2017		2016		2015
Bonten	$	30,907	$	—	$	—
Tennis Channel	132,584		84,040		—
Other acquisitions in:
2017	11,108		—		—
2016	66,698		49,186		—
2015	2,102		2,676		1,007
Total net media revenues	$	243,399	$	135,902	$	1,007



Operating Income (Loss)	2017			2016			2015
Bonten	$	7,448		$	—		$	—
Tennis Channel	19,420			(1,990		)	—
Other acquisitions in:
2017	(89		)	—			—
2016	18,392			18,311			—
2015	158			646			426
Total operating income	$	45,329		$	16,967		$	426

Schedule of unaudited pro forma results of operations

The following table sets forth unaudited pro forma results of operations, assuming that Bonten and Tennis 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 2017 Acquisitions, Other 2016 Acquisitions, and 2015 Acquisitions above, as they are not material both individually and in the aggregate. The 2015 period does not include the pro forma effects of the Bonten acquisitions, and as such will not provide comparability to the 2017 and 2016 pro forma periods presented in the following table (in thousands, except per data share):



	Unaudited
	2017		2016		2015
Total revenues	$	2,790,793	$	2,835,174	$	2,310,392
Net Income	$	597,370	$	253,374	$	168,364
Net Income attributable to Sinclair Broadcast Group	$	579,279	$	247,913	$	163,789
Basic earnings per share attributable to Sinclair Broadcast Group	$	5.80	$	2.65	$	1.72
Diluted earnings per share attributable to Sinclair Broadcast Group	$	5.75	$	2.63	$	1.71