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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 14,318,494 $ 14,259,441
Accounts receivable, less allowance for doubtful accounts of $544,932 in 2014 and $596,380 in 2015 19,847,536 17,637,686
Prepaid expenses 1,896,491 636,552
Other current assets 1,017,059 2,784,210
Total current assets 37,079,580 35,317,889
Restricted cash 743,195  
Notes receivable from related parties   1,748,092
Property and equipment, net 27,523,353 28,254,202
FCC broadcasting licenses 234,719,505 234,328,330
Goodwill 5,336,583 8,857,516
Other intangibles, net 544,238 1,358,026
Other assets 5,455,441 4,326,826
Total assets 311,401,895 314,190,881
Current liabilities:    
Current installments of long-term debt 1,484,048 3,112,500
Accounts payable 1,827,003 1,120,434
Other current liabilities 7,588,106 9,864,528
Total current liabilities 10,899,157 14,097,462
Due to related parties 952,465  
Long-term debt, net of current installments and unamortized debt issuance costs 86,461,778 93,025,258
Deferred tax liabilities 77,739,201 75,776,497
Other long-term liabilities 1,812,219 749,376
Total liabilities $ 177,864,820 $ 183,648,593
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued
Additional paid-in capital $ 119,495,619 $ 118,535,400
Treasury stock, Class A common stock; 2,830,904 shares in 2014; 2,882,179 shares in 2015 (15,361,869) (15,107,464)
Retained earnings 29,302,054 27,066,481
Accumulated other comprehensive income 75,159 21,933
Total stockholders' equity 133,537,075 130,542,288
Total liabilities and stockholders' equity 311,401,895 314,190,881
Class A Common Stock [Member]    
Stockholders' equity:    
Common stock 9,450 9,276
Class B Common Stock [Member]    
Stockholders' equity:    
Common stock $ 16,662 $ 16,662