ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2014

Acquisitions

Schedule of unaudited pro forma results of continuing operations

The following table sets forth unaudited pro forma results of continuing operations for the three and nine months ended September 30, 2014 and 2013, assuming that the above acquisitions, along with transactions necessary to finance the acquisitions, occurred at the beginning of the preceding year of acquisition (in thousands, except per share data). 

	Three Months Ended September 30,		Nine Months Ended September 30,
	2014		2014
Total revenues	$	500,133	$	1,469,241
Net Income from continuing operations	$	45,028	$	107,949
Net Income attributable to Sinclair Broadcast Group from continuing operations	$	44,601	$	106,757
Basic earnings per share attributable to Sinclair Broadcast Group from continuing operations	$	0.46	$	1.09
Diluted earnings per share attributable to Sinclair Broadcast Group from continuing operations	$	0.45	$	1.08

	Three Months Ended September 30,		Nine Months Ended September 30,
	2013		2013
Total revenues	$	440,104	$	1,286,344
Net Income from continuing operations	$	17,945	$	31,947
Net Income attributable to Sinclair Broadcast Group from continuing operations	$	17,636	$	31,532
Basic earnings per share attributable to Sinclair Broadcast Group from continuing operations	$	0.18	$	0.35
Diluted earnings per share attributable to Sinclair Broadcast Group from continuing operations	$	0.18	$	0.34

Fisher Communications

Acquisitions

Schedule of initial allocated fair value of acquired assets and liabilities assumed

The allocated fair value of acquired assets and assumed liabilities is summarized as follows (in thousands):

Cash	$	13,531
Accounts receivable	29,485
Prepaid expenses and other current assets	19,133
Program contract costs	11,427
Property and equipment	73,968
Broadcast licenses	29,771
Definite-lived intangible assets	166,378
Other assets	7,683
Assets held for sale	6,339
Accounts payable and accrued liabilities	(20,127		)
Program contracts payable	(10,977		)
Deferred tax liability	(74,177		)
Other long-term liabilities	(22,127		)
Fair value of identifiable net assets acquired	230,307
Goodwill	143,942
Less: fair value of non-controlling interests	(1,053		)
Total	$	373,196

Barrington Broadcasting Company, LLC

Acquisitions

Schedule of initial allocated fair value of acquired assets and liabilities assumed

The allocated fair value of acquired assets and assumed liabilities is summarized as follows (in thousands):

Prepaid expenses and other current assets	$	681
Program contract costs	3,960
Property and equipment	73,621
Broadcast licenses	2,948
Definite-lived intangible assets	217,818
Accounts payable and accrued liabilities	(2,725		)
Program contracts payable	(3,813		)
Other long-term liabilities	(65		)
Fair value of identifiable net assets acquired	292,425
Goodwill	75,261
Total	$	367,686

Allbritton

Acquisitions

Schedule of initial allocated fair value of acquired assets and liabilities assumed

The allocated fair value of acquired assets and assumed liabilities is summarized as follows (in thousands):

Accounts receivable	$	38,542
Prepaid expenses and other current assets	21,482
Program contract costs	1,204
Property and equipment	46,600
Broadcast licenses	5,000
Definite-lived intangible assets	589,100
Other assets	20,352
Assets held for sale	83,200
Accounts payable and accrued liabilities	(7,901		)
Program contracts payable	(1,140		)
Deferred Tax liabilities	(266,313		)
Other long-term liabilities	(17,025		)
Fair value of identifiable net assets acquired	513,101
Goodwill	523,953
Total	$	1,037,054

Other acquisitions

Acquisitions

Schedule of initial allocated fair value of acquired assets and liabilities assumed

The allocated fair value of acquired assets and assumed liabilities is summarized as follows (in thousands):

	2014			2013
Accounts receivable	$	—		$	8,226
Prepaid expenses and other current assets	6			5,217
Program contract costs	100			6,050
Property and equipment	10,070			67,429
Broadcast licenses	25			4,395
Definite-lived intangible assets	20,384			157,820
Other Assets	—			1,394
Accrued liabilities	—			(3,926		)
Program contracts payable	(100		)	(6,331		)
Deferred tax liabilities	—			(1,882		)
Other long term liabilities	—			(10,550		)
Fair value of identifiable net assets acquired	30,485			227,842
Goodwill	2,521			55,036
Total	$	33,006		$	282,878