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Note 3 - Acquisitions and Divestitures (Tables) | 12 Months Ended
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Dec. 31, 2020
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | 2020 Acquisitions |
|  | Alaska |  |  | Columbus |  |  | Sioux Falls |  |  | Total |
Accounts receivable and other current assets |  | $ | 1 |  |  | $ | - |  |  | $ | - |  |  | $ | 1 |
Property and equipment |  |  | 5 |  |  |  | 2 |  |  |  | - |  |  |  | 7 |
Goodwill |  |  | 2 |  |  |  | 1 |  |  |  | 11 |  |  |  | 14 |
Broadcast licenses |  |  | 2 |  |  |  | - |  |  |  | - |  |  |  | 2 |
Other intangible assets |  |  | 9 |  |  |  | 19 |  |  |  | 11 |  |  |  | 39 |
Total |  | $ | 19 |  |  | $ | 22 |  |  | $ | 22 |  |  | $ | 63 |
|  | 2019 Acquisitions |
|  | Raycom |  |  | United |  |  | Sioux Falls |  |  | Charlottesville |  |  | Total |
Cash |  | $ | 115 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 115 |
Accounts receivable, net |  |  | 243 |  |  |  | 3 |  |  |  | 1 |  |  |  | 1 |  |  |  | 248 |
Program broadcast rights |  |  | 12 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 12 |
Other current assets |  |  | 10 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 10 |
Property and equipment |  |  | 311 |  |  |  | 10 |  |  |  | 10 |  |  |  | 7 |  |  |  | 338 |
Operating lease right of use asset |  |  | 52 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 52 |
Goodwill |  |  | 829 |  |  |  | 3 |  |  |  | 2 |  |  |  | - |  |  |  | 834 |
Broadcast licenses |  |  | 2,004 |  |  |  | 24 |  |  |  | 14 |  |  |  | 2 |  |  |  | 2,044 |
Other intangible assets |  |  | 504 |  |  |  | 8 |  |  |  | 7 |  |  |  | 3 |  |  |  | 522 |
Other non-current assets |  |  | 20 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 20 |
Employee compensation and benefits |  |  | (29 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (29 | )
Program broadcast obligations |  |  | (16 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (16 | )
Other current liabilities |  |  | (60 | ) |  |  | - |  |  |  | (1 | ) |  |  | - |  |  |  | (61 | )
Federal and state income taxes payable |  |  | (3 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (3 | )
Deferred income taxes |  |  | (472 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (472 | )
Operating lease liabilities |  |  | (52 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (52 | )
Other long-term liabilities |  |  | (25 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (25 | )
Total |  | $ | 3,443 |  |  | $ | 48 |  |  | $ | 33 |  |  | $ | 13 |  |  | $ | 3,537 |
Disposal Groups, Including Discontinued Operations [Table Text Block] |
|  | Total |  |  |  |  |  |  |  |
|  | Cash |  | Station |  |  |  | Current |
|  | Consideration |  | Call |  |  |  | DMA |
Purchaser |  | Received |  | Letters |  | DMA |  | Rank |
Lockwood Broadcasting, Inc. |  | $ | 67 |  | WTNZ |  | Knoxville, TN |  |  | 60 |
|  |  |  |  | WFXG |  | Augusta, GA |  |  | 111 |
|  |  |  |  | WPGX |  | Panama City, FL |  |  | 139 |
|  |  |  |  | WDFX |  | Dothan, AL |  |  | 175 |
Scripps Media, Inc. |  |  | 55 |  | KXXV |  | Waco/Temple/Bryan, TX |  |  | 95 |
|  |  |  |  | KRHD |  | Waco/Temple/Bryan, TX |  |  | 95 |
|  |  |  |  | WTXL |  | Tallahassee, FL |  |  | 113 |
TEGNA, Inc. |  |  | 109 |  | WTOL |  | Toledo, OH |  |  | 78 |
|  |  |  |  | KWES |  | Odessa/Midland, TX |  |  | 150 |
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 liabilities 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 |
Business Combination, Separately Recognized Transactions [Table Text Block] |
|  | Year Ended |
|  | December 31, |
|  | 2019 |
Transaction Related Expenses by type: |  |  |  |
Legal, consulting and other professional fees |  | $ | 24 |
Incentive compensation and other severance costs |  |  | 21 |
Termination of sales representation and other agreements |  |  | 34 |
Total Transaction Related Expenses |  | $ | 79 |
Transaction Related Expenses by financial statement line item: |  |  |  |
Operating expenses before depreciation, amortization and loss (gain) on disposal of assets, net: |  |  |  |
Broadcasting |  | $ | 45 |
Corporate and administrative |  |  | 34 |
Total Transaction Related Expenses |  | $ | 79 |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | Year Ended |
|  | December 31, |
|  | 2019 |
Revenue (less agency commissions) |  | $ | 2,139 |
Net income |  | $ | 241 |
Net income attributable to common stockholders |  | $ | 189 |
Basic net income attributable to common stockholders, per share |  | $ | 2.43 |
Diluted net income attributable to common stockholders, per share |  | $ | 2.41 |

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