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Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 13,922,390 $ 20,325,415
Accounts receivable, less allowance for doubtful accounts of $1,537,353 in 2016 and $1,623,408 in 2017 42,669,351 48,186,463
Prepaid expenses 6,001,996 4,909,799
Merger consideration receivable 17,931,331 7,877,577
Beneficial interest in trust   19,947,261
Other current assets 4,135,905 2,172,892
Total current assets 84,660,973 103,419,407
Property and equipment, net 59,318,933 59,789,619
FCC broadcasting licenses 489,186,679 451,811,500
Goodwill 15,275,264 3,393,234
Other intangibles, net 550,058 535,582
Assets held for sale   36,457,119
Other assets 5,726,874 6,263,587
Total assets 654,718,781 661,670,048
Current liabilities:    
Current installments of long-term debt 2,314,020 6,686,077
Accounts payable 7,847,829 6,087,436
Other current liabilities 18,799,195 21,173,419
Total current liabilities 28,961,044 33,946,932
Due to related parties 759,041 855,753
Long-term debt, net of current installments and unamortized debt issuance costs 212,465,882 247,692,171
Deferred tax liabilities 115,282,931 160,539,268
Other long-term liabilities 11,083,683 16,144,301
Total liabilities 368,552,581 459,178,425
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued
Additional paid-in capital 147,987,332 146,339,925
Treasury stock, Class A common stock; 2,937,987 shares in 2016; 3,032,740 shares in 2017 (16,667,085) (15,560,021)
Retained earnings 154,389,494 72,401,766
Accumulated other comprehensive income (loss) 424,574 (721,822)
Total stockholders' equity 286,166,200 202,491,623
Total liabilities and stockholders' equity 654,718,781 661,670,048
Class A Common Stock [Member]    
Stockholders' equity:    
Common stock 15,223 15,113
Class B Common Stock [Member]    
Stockholders' equity:    
Common stock $ 16,662 $ 16,662