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Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:    
Net income $ 87,131,169 $ 47,488,413
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 1,745,134 809,371
Provision for bad debts 1,471,875 2,061,553
Depreciation and amortization 6,133,812 6,232,572
Change in fair value of contingent consideration (10,053,754) (1,266,394)
Gain on dispositions, net (3,707,993)  
Gain on exchange (11,803,585)  
Termination of postretirement benefits plan (1,812,448)  
Gain on merger   (44,281,066)
Amortization of loan fees 2,150,450 670,369
Loss on modification of long-term debt 3,954,035 769,819
Deferred income taxes (46,051,371) 5,963,207
Change in operating assets and liabilities, net of acquisition:    
Accounts receivable 4,045,237 (510,803)
Prepaid expenses (1,092,197) (1,302,384)
Other assets (1,289,585) (458,055)
Accounts payable 1,760,393 3,831,391
Other liabilities (4,608,589) (2,767,609)
Other operating activities 48,474 (89,284)
Net cash provided by operating activities 28,021,057 17,151,100
Cash flows from investing activities:    
Change in restricted cash   743,195
Acquisition, net of cash acquired   (86,760,198)
Payment for exchange of radio station (12,000,000)  
Capital expenditures (4,192,614) (2,940,757)
Proceeds from dispositions of radio stations 35,000,000  
Payments for translator licenses (1,134,103) (495,075)
Payments for investments   (166,667)
Loan to related party (150,000)  
Net cash provided by (used in) investing activities 17,523,283 (89,619,502)
Cash flows from financing activities:    
Issuance of debt 9,000,000 187,300,000
Payments on debt (52,061,077) (90,536,160)
Payments of debt issuance costs (2,641,754) (13,949,501)
Dividends paid (5,137,470) (4,140,864)
Purchase of treasury stock (1,107,064) (198,152)
Net cash provided by (used in) financing activities (51,947,365) 78,475,323
Net increase (decrease) in cash and cash equivalents (6,403,025) 6,006,921
Cash and cash equivalents at beginning of period 20,325,415 14,318,494
Cash and cash equivalents at end of period 13,922,390 20,325,415
Cash paid for interest 15,890,835 5,849,271
Cash paid for income taxes 2,021,125 2,651,400
Supplement disclosure of non-cash investing and financing activities:    
Dividends declared but unpaid 1,286,381 $ 1,280,410
Translator license and equipment received as consideration $ 332,000  
Common stock issued for acquisition   26,030,366