Acquisitions and Dispositions

3 Months Ended

Mar. 31, 2015

Business Combinations, Discontinued Operations and Disposal Groups [Abstract]

2014 Acquisitions and Dispositions

Country Weekly Acquisition

On November 7, 2014, the Company completed the purchase of Country Weekly magazine and its related business (“Country Weekly”) for $3.0 million in cash (the "Country Weekly Acquisition"). The Company had previously included NASH branded inserts into the Country Weekly publication.

Wise Brothers Acquisition

On August 1, 2014, the Company completed the purchase of Wise Brother Media, Inc. for $5.5 million in cash (the "Wise Brothers Acquisition"). Revenues attributable to the assets acquired in the Wise Brothers Acquisition were not material to the Company’s condensed consolidated statement of operations for the year ended December 31, 2014.

The table below summarizes the purchase price allocation in the Wise Brothers Acquisition (dollars in thousands):



Allocation	Amount
Property and equipment	$	50
Deferred income taxes	100
Other intangible assets	5,025
Goodwill	475
Current liabilities	(75		)
Other liabilities	(75		)
Total purchase price	$	5,500

The definite-lived intangible assets acquired in the Wise Brothers Acquisition are being amortized in relation to the expected economic benefits of such assets over their estimated useful lives and consist of the following (dollars in thousands):



Description	Estimated Useful Life in Years	Fair Value
Other intangibles - programming content	4	$	5,025

Pro forma financial information for the Country Weekly Acquisition and Wise Brothers Acquisition is not required, as such information is not material to the Company's financial statements.