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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 13,169,964 $ 13,922,390
Accounts receivable, less allowance for doubtful accounts of $1,623,408 in 2017 and $1,623,092 in 2018 40,017,862 42,669,351
Prepaid expenses 9,022,158 6,001,996
Merger consideration receivable   17,931,331
Other current assets 4,419,721 4,135,905
Total current assets 66,629,705 84,660,973
Property and equipment, net 58,979,747 59,318,933
FCC broadcasting licenses 489,239,179 489,186,679
Goodwill 15,275,264 15,275,264
Other intangibles, net 493,934 550,058
Other assets 5,584,672 5,726,874
Total assets 636,202,501 654,718,781
Current liabilities:    
Current installments of long-term debt 64,791 2,314,020
Accounts payable 7,428,742 7,847,829
Other current liabilities 21,435,026 18,799,195
Total current liabilities 28,928,559 28,961,044
Due to related parties 734,863 759,041
Long-term debt, net of current installments and unamortized debt issuance costs 212,169,482 212,465,882
Deferred tax liabilities 115,338,525 115,282,931
Other long-term liabilities 11,046,927 11,083,683
Total liabilities 368,218,356 368,552,581
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued
Additional paid-in capital 148,605,112 147,987,332
Treasury stock, Class A common stock; 3,032,740 shares in 2017; 4,373,224 shares in 2018 (30,207,533) (16,667,085)
Retained earnings 149,865,034 154,389,494
Accumulated other comprehensive income (loss) (310,345) 424,574
Total stockholders' equity 267,984,145 286,166,200
Total liabilities and stockholders' equity 636,202,501 654,718,781
Class A Common Stock [Member]    
Stockholders' equity:    
Common stock 15,215 15,223
Class B Common Stock [Member]    
Stockholders' equity:    
Common stock $ 16,662 $ 16,662