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Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Condensed Consolidated Statements of Comprehensive Income [Abstract]        
Net revenue $ 24,790,965 $ 25,514,187 $ 48,089,573 $ 48,566,289
Operating expenses:        
Station operating expenses (including stock-based compensation of $9,420 in 2011 and $4,741 in 2012 for three months ended and $22,650 in 2011 and $7,512 in 2012 for six months ended and excluding depreciation and amortization shown separately below) 14,634,886 16,417,577 30,140,190 31,849,558
Corporate general and administrative expenses (including stock-based compensation of $162,561 in 2011 and $103,322 in 2012 for three months ended and of $302,910 in 2011 and $230,444 in 2012 for six months ended respectively) 1,940,349 2,042,147 3,980,694 4,099,003
Depreciation and amortization 516,452 616,061 1,030,501 1,235,253
Total operating expenses 17,091,687 19,075,785 35,151,385 37,183,814
Operating income 7,699,278 6,438,402 12,938,188 11,382,475
Non-operating income (expense):        
Interest expense (including interest expense reclassified from other comprehensive income of $405,437 in 2011 for three months ended and 1,187,409 in 2011 for six months ended 2011) (1,265,985) (1,847,733) (2,612,156) (4,214,572)
Other income (expense), net (89,374) 113,798 (15,068) 114,593
Income before income taxes 6,343,919 4,704,467 10,310,964 7,282,496
Income tax expense 2,482,849 1,891,648 4,041,898 2,920,281
Net income 3,861,070 2,812,819 6,269,066 4,362,215
Other comprehensive income:        
Unrealized gain on securities (net of income tax benefit of $54,635 in 2011 and $8,329 in 2012 three months ended and 41,401 in 2011 and 7,911 in 2012 for six months ended respectively) (13,237) (86,832) (12,572) (65,799)
Change in fair value of derivative financial instruments (net of income tax benefit of $7055 in 2011)   (11,212)   (22,503)
Unrealized loss on derivative financial instruments reclassified to interest expense (net of income tax expense of $156,580 in 2011 for three months ended and 458,578 in 2011 for six months ended respectively)   248,857   728,831
Other comprehensive income (loss) (13,237) 150,813 (12,572) 640,529
Comprehensive income $ 3,847,833 $ 2,963,632 $ 6,256,494 $ 5,002,744
Net income per share:        
Basic and diluted $ 0.17 $ 0.12 $ 0.28 $ 0.19
Weighted average shares outstanding:        
Basic 22,674,258 22,601,496 22,657,742 22,582,884
Diluted 22,733,063 22,651,201 22,707,464 22,637,976