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v3.25.1

Acquisitions and Dispositions (Tables) | 3 Months Ended
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Mar. 31, 2025
Acquisitions and Dispositions |
Schedule of the key assumptions used in the discounted cash flow analysis for the fair value of the FCC license | ​
​ ​ ​ | ​ | ​ | ​
Discount rate |  | 9.5 | %
Operating profit margin ranges |  | 27.5 | %
Market long-term revenue growth rates |  | 0.5 | %
Schedule of recognized identified assets acquired and liabilities assumed | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Acquisitions in
​ |  | 2025 |  | 2024
​ | ​ | (In thousands)
Assets Acquired: | ​ | ​ | ​ | ​ | ​ | ​
Current assets | ​ | $ | — |  | $ | 534
Property and equipment | ​ | ​ | — |  | ​ | 2,035
Other assets: | ​ | ​ | ​ | ​ | ​ | ​
Broadcast licenses | ​ |  | — |  | ​ | 2,150
Goodwill | ​ |  | — |  | ​ | 76
Other intangibles, deferred costs and investments | ​ |  | — |  | ​ | 1,044
Total other assets | ​ |  | — |  | ​ | 3,270
Total assets acquired | ​ |  | — |  | ​ | 5,839
Liabilities Assumed: | ​ | ​ | ​ | ​ | ​ | ​
Current liabilities | ​ |  | — |  | ​ | 128
Total liabilities assumed | ​ |  | — |  | ​ | 128
Net assets acquired | ​ | $ | — | ​ | $ | 5,711
Schedule of Business Acquisition, Pro Forma Information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | ​
​ |  | 2025 |  | 2024 |  | ​
​ | ​ | (In thousands, except per share data) | ​ | ​
Pro forma Consolidated Results of Operations | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net operating revenue | ​ | $ | 24,212 | ​ | $ | 25,922 | ​ | ​
Station operating expense | ​ |  | 21,963 | ​ |  | 22,987 | ​ | ​
Corporate general and administrative | ​ |  | 3,167 | ​ |  | 3,083 | ​ | ​
Depreciation and amortization | ​ |  | 1,326 | ​ |  | 1,335 | ​ | ​
Other operating expense (income), net | ​ |  | 54 | ​ |  | 971 | ​ | ​
Operating loss | ​ |  | (2,298) | ​ |  | (2,454) | ​ | ​
Interest expense | ​ |  | 107 | ​ |  | 122 | ​ | ​
Interest income | ​ |  | (222) | ​ |  | (303) | ​ | ​
Other income, net | ​ |  | (23) | ​ |  | — | ​ | ​
Loss before income tax expense | ​ |  | (2,160) | ​ |  | (2,273) | ​ | ​
Income tax (benefit) expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | ​ | (670) | ​ | ​ | (541) | ​ | ​
Deferred | ​ |  | 85 | ​ |  | (78) | ​ | ​
​ | ​ | ​ | (585) | ​ | ​ | (619) | ​ | ​
Net loss | ​ | $ | (1,575) | ​ | $ | (1,654) | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loss per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | ​ | $ | (0.25) | ​ | $ | (0.26) | ​ | ​
Diluted | ​ | $ | (0.25) | ​ | $ | (0.26) | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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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 -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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