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Note 9 - Subsequent Events | 6 Months Ended
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Jun. 30, 2013
Subsequent Events [Abstract] |
Subsequent Events [Text Block] | 9. Subsequent Events KJCT-TV Transaction On July 31, 2013, we entered into an asset purchase agreement in which we agreed to pay $9.0 million for certain non-license assets of KJCT-TV in Grand Junction, Colorado and its associated low power television stations. At the same time, we entered into a shared services agreement with a newly formed company, Excalibur Grand Junction, LLC, which concurrently entered into an agreement to purchase the licensed assets of KJCT-TV. The acquisitions are expected to close, and the shared services agreement is expected to commence, in the fourth quarter of 2013, following satisfaction of Federal Communications Commission approval and other conditions. Receipt of Incentive Consulting Revenue On August 6, 2013, we received $7.1 million in incentive consulting revenue under a now expired consulting agreement with Young Broadcasting, Inc. Prior to receipt of this payment, we could not reasonably estimate the amount, if any, that we would receive thereunder. As a result and in accordance with US GAAP, we will recognize this payment as consulting revenue in the three-month period ending September 30, 2013.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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