XML 26 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
ACQUISITIONS (Details) (USD $)
3 Months Ended 15 Months Ended 3 Months Ended 0 Months Ended 3 Months Ended 0 Months Ended 3 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 3 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 0 Months Ended 3 Months Ended 0 Months Ended 3 Months Ended 12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Dec. 01, 2012
WLYH in Harrisburg, PA
Mar. 31, 2013
WLWC-TV
Mar. 31, 2012
WLWC-TV
Dec. 01, 2012
WSTR and KMYS
Deerfield
item
Mar. 31, 2013
WLAJ-TV
Mar. 31, 2012
WLAJ-TV
Mar. 31, 2013
6.125% Notes
Jan. 02, 2012
Four Points
item
Mar. 31, 2013
Four Points
Mar. 31, 2012
Four Points
Dec. 31, 2011
Four Points
Jan. 31, 2012
Four Points
Network affiliations
Jan. 02, 2012
Four Points
Network affiliations
Jan. 31, 2012
Four Points
Decaying advertiser base
Jan. 02, 2012
Four Points
Decaying advertiser base
Jan. 31, 2012
Four Points
Other intangible assets
Jan. 02, 2012
Four Points
Other intangible assets
Jan. 31, 2012
Four Points
Term Loan B
Apr. 30, 2012
Freedom
item
Mar. 31, 2013
Freedom
Mar. 31, 2012
Freedom
Apr. 02, 2012
Freedom
item
Dec. 31, 2011
Freedom
Apr. 30, 2012
Freedom
Network affiliations
Apr. 02, 2012
Freedom
Network affiliations
Apr. 30, 2012
Freedom
Decaying advertiser base
Apr. 02, 2012
Freedom
Decaying advertiser base
Apr. 30, 2012
Freedom
Other intangible assets
Apr. 02, 2012
Freedom
Other intangible assets
Apr. 30, 2012
Freedom
Term Loan A
Apr. 30, 2012
Freedom
Term Loan B
Dec. 01, 2012
Newport
item
Mar. 31, 2013
Newport
Dec. 01, 2012
Newport
Network affiliations
Dec. 01, 2012
Newport
Decaying advertiser base
Dec. 01, 2012
Newport
Other intangible assets
Dec. 01, 2012
Newport
6.125% Notes
Dec. 01, 2012
WPMI and WJTC
Deerfield
Dec. 01, 2012
WHAM
Deerfield
Mar. 31, 2013
Other acquisitions
Dec. 31, 2012
Other acquisitions
item
Dec. 31, 2012
WTTA-TV
Acquisitions                                                                                          
Number of television stations                     7                           8                   7                 5  
Number of markets                     4                     7                         6                 3  
Cash paid                     $ 200,000,000                           $ 385,000,000                   $ 460,500,000                 $ 45,100,000  
Working capital adjustment                     900,000                           (300,000)                   1,300,000                 700,000  
Noncontrolling interests related to the license assets                                                                                       4,400,000  
Amount of draw under incremental loan commitment used to finance acquisition                                         180,000,000                       157,500,000 192,500,000                      
Escrow deposit used to fund acquisition                     20,000,000                           38,500,000                   41,300,000                    
Interest rate (as a percent)                   6.125%                                                           6.125%          
Number of stations whose license assets were sold             2                                                                            
Price of assets acquired/sold       200,000     10,700,000                                                                   6,000,000 6,000,000      
Allocated fair value of acquired assets and assumed liabilities                                                                                          
Prepaid expenses and other current assets                     456,000                           373,000                   1,390,000                 160,000  
Program contract costs                     3,731,000                           3,520,000                   10,378,000                 2,487,000  
Property and equipment                     34,578,000                           54,109,000                   53,883,000                 17,309,000  
Broadcast licenses                     10,658,000                           10,424,000                   15,581,000                 2,825,000  
Definite-lived intangible assets                     93,800,000         66,900,000   9,800,000   17,100,000         140,963,000     93,100,000   25,100,000   22,800,000     240,013,000   176,000,000 23,700,000 40,300,000         17,990,000  
Other assets                     548,000                           278,000                   1,097,000                    
Accrued liabilities                     (381,000)                           (589,000)                   (3,928,000)                 (1,178,000)  
Program contracts payable                     (5,157,000)                           (3,404,000)                   (11,634,000)                 (4,900,000)  
Fair value of identifiable net assets acquired                     138,233,000                           205,674,000                   306,780,000                 34,693,000  
Goodwill                     60,843,000                           179,609,000                   164,621,000                 14,106,000  
Total                     199,076,000                           385,283,000                   471,401,000                 48,799,000  
Amortization period                             15 years   10 years                   15 years   10 years               15 years 10 years              
Weighted average life                                     14 years                       16 years               14 years            
Amount paid for funding working capital needs                           8,100,000                   9,600,000   1,500,000                                      
Transaction costs                                                                                     0 600,000  
Net broadcast revenues 252,925,000 190,888,000                   17,700,000 16,500,000                   26,300,000 10,000,000                       34,900,000             6,600,000    
Operating income 63,656,000 59,894,000                   4,300,000 4,500,000                   5,900,000                         8,300,000             1,600,000    
Net broadcast revenues         1,300,000 1,300,000   600,000                                                                          
Operating income (losses)         400,000 30,000   (200,000)                                                                          
Revenue from discontinued operations excluded from pro forma revenues                 1,000,000                                                                        
Costs incurred in corporate, general and administrative expenses 200,000 400,000 1,900,000                                                                                    
Difference between the purchase price and the historical cost basis recorded as a reduction in additional paid-in capital                                                                                         23,600,000
Difference between the purchase price and the historical cost basis recorded as a reduction in additional paid-in capital, tax amount                                                                                         15,600,000
Pro Forma Information                                                                                          
Total revenues   267,076,000                                                                                      
Net Income   27,366,000                                                                                      
Net Income attributable to Sinclair Broadcast Group   $ 27,613,000                                                                                      
Basic and diluted earnings per share attributable to Sinclair Broadcast Group (in dollars per share)   $ 0.34