ACQUISITIONS (Tables)

3 Months Ended

Mar. 31, 2015

ACQUISITIONS

Schedule of allocated fair value of acquired assets and liabilities assumed

The following tables summarize the allocated fair value of acquired assets and assumed liabilities, including the net assets of consolidated VIEs (in thousands):

	MEG Stations			KSNV			Allbritton			Other			Total 2014 acquisitions
Accounts receivable	$	—		$	—		$	38,542		$	—		$	38,542
Prepaid expenses and other current assets	476			67			19,890			79			20,512
Program contract costs	1,954			482			1,204			2,561			6,201
Property and equipment	23,462			8,300			46,600			8,400			86,762
Broadcast licenses	100			—			13,700			125			13,925
Definite-lived intangible assets	125,200			62,700			564,100			71,025			823,025
Other assets	—			—			20,352			1,500			21,852
Assets held for sale	—			—			83,200			—			83,200
Accounts payable and accrued liabilities	(2,085		)	(277		)	(8,351		)	(1,143		)	(11,856		)
Program contracts payable	(1,914		)	(481		)	(1,140		)	(2,554		)	(6,089		)
Deferred tax liability	—			—			(261,393		)	—			(261,393		)
Other long term liabilities	—			(1,200		)	(17,025		)	—			(18,225		)
Fair value of identifiable net assets acquired	147,193			69,591			499,679			79,993			796,456
Goodwill	58,698			48,699			535,558			42,443			685,398
Total	$	205,891		$	118,290		$	1,035,237		$	122,436		$	1,481,854

Schedule of allocated to definite-lived intangible assets

The following tables summarize the amounts allocated to definite-lived intangible assets representing the estimated fair values and estimated goodwill deductible for tax purposes (in thousands):

	MEG Stations		KSNV		Allbritton		Other		Total 2014 acquisitions
Network affiliations	$	54,300	$	44,775	$	356,900	$	42,625	$	498,600
Decaying advertiser base	19,200		12,100		38,500		9,100		78,900
Other intangible assets	51,700		5,825		168,700		19,300		245,525
Fair value of identifiable definite-lived intangible assets acquired	$	125,200	$	62,700	$	564,100	$	71,025	$	823,025
Estimated goodwill deductible for tax purposes	$	58,698	$	48,699	$	—	$	42,443	$	149,840

Schedule of unaudited pro forma results of operations

The following table sets forth unaudited pro forma results of operations for the three months ended March 31, 2014, assuming that the above acquisitions, along with transactions necessary to finance the acquisitions, occurred at the beginning of the year preceding the year of acquisition. The pro forma results exclude acquisitions presented under Other above, as they were deemed not material both individually and in the aggregate (in thousands, except per share data):

	(Unaudited)
	2014
Total revenues	$	474,222
Net Income	$	18,401
Net Income attributable to Sinclair Broadcast Group	$	17,902
Basic earnings per share attributable to Sinclair Broadcast Group	$	0.18
Diluted earnings per share attributable to Sinclair Broadcast Group	$	0.18