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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income $ 6,269,066 $ 4,362,215
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 237,956 325,560
Provision for bad debts 529,330 576,754
BMI music license fee settlement (770,654)  
Depreciation and amortization 1,030,501 1,235,253
Amortization of loan fees 186,309 182,877
Deferred income taxes 2,689,858 2,724,529
Change in operating assets and liabilities:    
Accounts receivable 401,218 275,730
Prepaid expenses (723,371) (509,012)
Other assets (479,066) (659,453)
Accounts payable (125,396) 205,638
Other liabilities 361,866 360,617
Other operating activities (443,475) (185,306)
Net cash provided by operating activities 9,164,142 8,895,402
Cash flows from investing activities:    
Capital expenditures (700,807) (566,365)
Payments for investments (62,500) (850,000)
Repayment of notes receivable from related parties 139,674 131,557
Net cash used in investing activities (623,633) (1,284,808)
Cash flows from financing activities:    
Principal payments on indebtedness (6,565,308) (6,241,018)
Tax benefit (shortfall) from vesting of restricted stock (80,104) 88,551
Payments for treasury stock (107,938) (210,912)
Net cash used in financing activities (6,753,350) (6,363,379)
Net increase in cash and cash equivalents 1,787,159 1,247,215
Cash and cash equivalents at beginning of period 13,610,069 10,659,663
Cash and cash equivalents at end of period 15,397,228 11,906,878
Cash paid for interest 2,443,066 4,044,513
Cash paid for income taxes 1,677,500 700,000
Supplement disclosure of non-cash investing and financing activities:    
Property and equipment acquired through placement of advertising airtime $ 55,804 $ 63,290