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Note 3 - Acquisitions and Divestitures (Tables) | 12 Months Ended
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Dec. 31, 2023
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
Property and equipment |  | $ | 2 |
Broadcast licenses |  |  | 4 |
Total |  | $ | 6 |
Accounts receivable, net |  | $ | 1 |
Property and equipment |  |  | 1 |
Goodwill |  |  | 10 |
Broadcast licenses |  |  | 1 |
Network affiliation |  |  | 14 |
Other intangible assets |  |  | 4 |
Total |  | $ | 31 |
|  | Meredith |  |  | Quincy |  |  | Third Rail |  |  | Total |
Cash |  | $ | 1 |  |  | $ | 4 |  |  | $ | - |  |  | $ | 5 |
Accounts receivable, net |  |  | 146 |  |  |  | 23 |  |  |  | - |  |  |  | 169 |
Other current assets |  |  | 15 |  |  |  | 5 |  |  |  | - |  |  |  | 20 |
Property and equipment |  |  | 235 |  |  |  | 74 |  |  |  | 24 |  |  |  | 333 |
Operating lease right of use asset |  |  | 15 |  |  |  | 1 |  |  |  | - |  |  |  | 16 |
Goodwill |  |  | 1,016 |  |  |  | 190 |  |  |  | 4 |  |  |  | 1,210 |
Broadcast licenses |  |  | 1,516 |  |  |  | 245 |  |  |  | - |  |  |  | 1,761 |
Other intangible assets |  |  | 455 |  |  |  | 85 |  |  |  | - |  |  |  | 540 |
Other non-current assets |  |  | 3 |  |  |  | - |  |  |  | - |  |  |  | 3 |
Other current liabilities |  |  | (104 | ) |  |  | (7 | ) |  |  | (1 | ) |  |  | (112 | )
Deferred income taxes |  |  | (477 | ) |  |  | (66 | ) |  |  | - |  |  |  | (543 | )
Operating lease liabilities |  |  | (15 | ) |  |  | (1 | ) |  |  | - |  |  |  | (16 | )
Other non-current liabilities |  |  | (3 | ) |  |  | - |  |  |  | - |  |  |  | (3 | )
Total |  | $ | 2,803 |  |  | $ | 553 |  |  | $ | 27 |  |  | $ | 3,383 |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
Adjusted purchase price |  | $ | 936 |
Less - consideration allocated to assets acquired and liabilities assumed for the Quincy overlap markets thatwere divested on August 2, 2021 |  |  | 383 |
Purchase consideration for assets acquired and liabilities assumed, net of divestitures |  | $ | 553 |
Business Combination, Separately Recognized Transactions [Table Text Block] |
|  | Year Ended |
|  | December 31, |
|  | 2021 |
Transaction Related Expenses by type: |  |  |  |
Legal, consulting and other professional fees |  | $ | 80 |
Termination of sales representation and other agreements |  |  | 1 |
Total Transaction Related Expenses |  | $ | 81 |
Transaction Related Expenses by financial statement line item: |  |  |  |
Operating expenses before depreciation, amortization and loss (gain) on disposal of assets, net: |  |  |  |
Broadcasting |  | $ | 3 |
Corporate and administrative |  |  | 71 |
Miscellaneous Expense |  |  | 7 |
Total Transaction Related Expenses |  | $ | 81 |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | Year Ended |
|  | December 31, |
|  | 2021 |
Revenue (less agency commissions) |  | $ | 3,153 |
Net income |  | $ | 199 |
Net income attributable to common stockholders |  | $ | 147 |
Basic net income attributable to common stockholders, per share |  | $ | 1.55 |
Diluted net income attributable to common stockholders, per share |  | $ | 1.55 |

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