Initial Allocation of Fair Value

March 31,

December 31,

(In thousands)

2015

Adjustments

2014

Current assets acquired

$

218,516

$

-

$

218,516

Property and equipment

284,623

4,499

280,124

Other assets acquired

12,812

-

12,812

FCC broadcast licenses

588,042

(26,900

)

614,942

Definite lived intangible assets

786,505

46,440

740,065

Goodwill

1,118,205

(14,333

)

1,132,538

Deferred income tax liabilities recorded in conjunction with the acquisition

(339,090

)

(8,443

)

(330,647

)

Current liabilities assumed

(111,517

)

-

(111,517

)

Other liabilities assumed

(79,267

)

(82

)

(79,185

)

Total

$

2,478,829

$

2,477,648