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Note 3 - Acquisitions and Divestitures (Tables) | 9 Months Ended
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Sep. 30, 2021
Notes Tables |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
Adjusted purchase price |  | $ | 930 |
Less - consideration allocated to assets acquired and liabilities assumed for the Quincy overlap markets that were divested on August 2, 2021 |  |  | 383 |
Purchase consideration for assets acquired and liabilities assumed, net of divestitures |  | $ | 547 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | Quincy |  |  | Third Rail |  |  | Total |
Cash |  | $ | 4 |  |  | $ | - |  |  | $ | 4 |
Accounts receivable, net |  |  | 23 |  |  |  | - |  |  |  | 23 |
Other current assets |  |  | 5 |  |  |  | - |  |  |  | 5 |
Property and equipment |  |  | 73 |  |  |  | 24 |  |  |  | 97 |
Operating lease right of use asset |  |  | 1 |  |  |  | - |  |  |  | 1 |
Goodwill |  |  | 184 |  |  |  | 4 |  |  |  | 188 |
Broadcast licenses |  |  | 245 |  |  |  | - |  |  |  | 245 |
Other intangible assets |  |  | 86 |  |  |  | - |  |  |  | 86 |
Other current liabilities |  |  | (7 | ) |  |  | (1 | ) |  |  | (8 | )
Deferred income taxes |  |  | (66 | ) |  |  | - |  |  |  | (66 | )
Operating lease liabilities |  |  | (1 | ) |  |  | - |  |  |  | (1 | )
Total |  | $ | 547 |  |  | $ | 27 |  |  | $ | 574 |
Property and equipment |  | $ | 6 |
Operating lease right of use asset |  |  | 1 |
Goodwill |  |  | 6 |
Broadcast licenses |  |  | 5 |
Other intangible assets |  |  | 7 |
Other liabilities |  |  | (1 | )
Total |  | $ | 24 |
Business Combination, Separately Recognized Transactions [Table Text Block] |
|  | September 30, 2021 |
|  | Three Months |  |  | Nine Months |
|  | Ended |  |  | Ended |
Transaction Related Expenses by type: |  |  |  |  |  |  |  |
Legal, consulting and other professional fees |  | $ | 11 |  |  | $ | 19 |
Incentive compensation and other severance costs |  |  | - |  |  |  | - |
Termination of financing agreement |  |  | - |  |  |  | 7 |
Total Transaction Related Expenses |  | $ | 11 |  |  | $ | 26 |
Transaction Related Expenses by financial statement line item: |  |  |  |  |  |  |  |
Operating expenses before depreciation, amortization and loss (gain) on disposal of assets, net: |  |  |  |  |  |  |  |
Broadcasting |  | $ | - |  |  | $ | - |
Corporate and administrative |  |  | 11 |  |  |  | 19 |
Miscellaneous (income) expense, net |  |  | - |  |  |  | 7 |
Total Transaction Related Expenses |  | $ | 11 |  |  | $ | 26 |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | Nine Months Ended |
|  | September 30, |
|  | 2021 |  |  | 2020 |
Revenue (less agency commissions) |  | $ | 1,751 |  |  | $ | 1,678 |
Net income |  | $ | 126 |  |  | $ | 153 |
Net income attributable to common stockholders |  | $ | 87 |  |  | $ | 114 |
Basic net income attributable to common stockholders, per share |  | $ | 0.93 |  |  | $ | 1.18 |
Diluted net income attributable to common stockholders, per share |  | $ | 0.92 |  |  | $ | 1.18 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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