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Note 3 - Acquisitions and Divestitures (Tables) | 9 Months Ended
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Sep. 30, 2019
Notes Tables |
Disposal Groups, Including Discontinued Operations [Table Text Block] |
|  | Total |  |  |  |  |  |  |  |
|  | Cash |  |  |  |  |  |  |  |
|  | Consideration |  | Television |  |  |  |  |  |
Purchaser |  | Received |  | Station |  | Location |  | DMA |
Lockwood Broadcasting, Inc. |  | $ | 67 |  | WTNZ |  | Knoxville, TN |  |  | 60 |
|  |  |  |  | WFXG |  | Augusta, GA |  |  | 105 |
|  |  |  |  | WPGX |  | Panama City, FL |  |  | 150 |
|  |  |  |  | WDFX |  | Dothan, AL |  |  | 173 |
Scripps Media, Inc. |  |  | 55 |  | KXXV |  | Waco-Temple-Bryan, TX |  |  | 89 |
|  |  |  |  | KRHD |  | Waco-Temple-Bryan, TX |  |  | 89 |
|  |  |  |  | WTXL |  | Tallahassee, FL |  |  | 112 |
TEGNA, Inc. |  |  | 109 |  | WTOL |  | Toledo, OH |  |  | 71 |
|  |  |  |  | KWES |  | Odessa - Midland, TX |  |  | 142 |
Total |  | $ | 231 |  |  |  |  |  |  |  |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
|  |  |  |  |  | KYOU |  |  |  |  |
|  |  |  |  |  | and |  |  | Net |
|  | Raycom |  |  | WUPV |  |  | Consideration |
Purchase Price |  | $ | 3,660 |  |  | $ | 17 |  |  | $ | 3,677 |
Less - consideration allocated to all assets acquired and net of liabilites assumed for the Raycom overlap market stations which were also divested on January 2, 2019 |  |  | (234 | ) |  |  | - |  |  |  | (234 | )
Purchase consideration for assets acquired and liabilities assumed net of divestitures |  | $ | 3,426 |  |  | $ | 17 |  |  | $ | 3,443 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | Raycom |  |  | United |  |  | Total |
Cash |  | $ | 116 |  |  | $ | - |  |  | $ | 116 |
Accounts receivable, net |  |  | 227 |  |  |  | 3 |  |  |  | 230 |
Program broadcast rights |  |  | 12 |  |  |  | - |  |  |  | 12 |
Other current assets |  |  | 26 |  |  |  | - |  |  |  | 26 |
Property and equipment |  |  | 311 |  |  |  | 10 |  |  |  | 321 |
Operating lease right of use asset |  |  | 52 |  |  |  | - |  |  |  | 52 |
Goodwill |  |  | 834 |  |  |  | 3 |  |  |  | 837 |
Broadcast licenses |  |  | 2,004 |  |  |  | 24 |  |  |  | 2,028 |
Other intangible assets |  |  | 493 |  |  |  | 8 |  |  |  | 501 |
Other non-current assets |  |  | 23 |  |  |  | - |  |  |  | 23 |
Accrued compensation and benefits |  |  | (29 | ) |  |  | - |  |  |  | (29 | )
Program broadcast obligations |  |  | (16 | ) |  |  | - |  |  |  | (16 | )
Other current liabilities |  |  | (60 | ) |  |  | - |  |  |  | (60 | )
Income taxes payable |  |  | (12 | ) |  |  | - |  |  |  | (12 | )
Deferred income taxes |  |  | (462 | ) |  |  | - |  |  |  | (462 | )
Operating lease liabilities |  |  | (52 | ) |  |  | - |  |  |  | (52 | )
Other long-term liabilities |  |  | (24 | ) |  |  | - |  |  |  | (24 | )
Total |  | $ | 3,443 |  |  | $ | 48 |  |  | $ | 3,491 |
Business Combination, Separately Recognized Transactions [Table Text Block] |
|  | September 30, 2019 |
|  | Three Months |  |  | Nine Months |
|  | Ended |  |  | Ended |
Transaction Related Expenses by type: |  |  |  |  |  |  |  |
Legal, consulting and other professional fees |  | $ | 1 |  |  | $ | 24 |
Incentive compensation and other severance costs |  |  | 1 |  |  |  | 19 |
Termination of sales representation agreements |  |  | - |  |  |  | 29 |
Total transaction related expenses |  | $ | 2 |  |  | $ | 72 |
Transaction Related Expenses by financial statement line item: |  |  |  |  |  |  |  |
Operating expenses before depreciation, amortization and loss (gain) on disposal of assets, net: |  |  |  |  |  |  |  |
Broadcast |  | $ | 1 |  |  | $ | 38 |
Corporate and administrative |  |  | 1 |  |  |  | 34 |
Total transaction related expenses |  | $ | 2 |  |  | $ | 72 |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | Nine Months Ended |
|  | September 30, |
|  | 2019 |  |  | 2018 |
Revenue (less agency commissions) |  | $ | 1,546 |  |  | $ | 1,547 |
Net income |  | $ | 142 |  |  | $ | 110 |
Net income attributable to common stockholders |  | $ | 103 |  |  | $ | 71 |
Basic net income per share |  | $ | 1.42 |  |  | $ | 1.25 |
Diluted net income per share |  | $ | 1.42 |  |  | $ | 1.24 |

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