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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income (loss) $ (3,161,192) $ 7,486,496
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Stock-based compensation 617,772 197,739
Provision for bad debts 225,415 364,848
Depreciation and amortization 1,546,734 1,502,837
Change in fair value of contingent consideration 4,415,925 (7,533,292)
Loss on disposition   269,456
Termination of pension plan (992,623)  
Amortization of loan fees 470,376 546,808
Deferred income taxes 375,204 (451,967)
Change in operating assets and liabilities:    
Accounts receivable 2,426,074 7,465,563
Prepaid expenses (3,020,162) (2,286,930)
Other assets (48,878) 388,902
Accounts payable (419,087) (1,193,685)
Other liabilities 2,410,033 (744,634)
Other operating activities (44,593) 134,557
Net cash provided by operating activities 4,800,998 6,146,698
Cash flows from investing activities:    
Capital expenditures (1,173,496) (999,587)
Proceeds from disposition of radio stations   24,000,000
Payments for translator licenses (52,500) (700,000)
Loan to related party   (150,000)
Net cash provided by (used in) investing activities (1,225,996) 22,150,413
Cash flows from financing activities:    
Payments on debt (3,016,005) (28,015,270)
Dividends paid (1,286,381) (1,280,410)
Purchase of treasury stock (25,042) (456,126)
Net cash used in financing activities (4,327,428) (29,751,806)
Net decrease in cash and cash equivalents (752,426) (1,454,695)
Cash and cash equivalents at beginning of period 13,922,390 20,325,415
Cash and cash equivalents at end of period 13,169,964 18,870,720
Cash paid for interest 3,051,884 4,384,687
Cash paid for income taxes 35,950 246,800
Supplement disclosure of non-cash investing and financing activities:    
Dividends declared but unpaid 1,366,922 $ 1,285,412
Class A Common Stock [Member]    
Supplement disclosure of non-cash investing and financing activities:    
Class A common stock returned to treasury stock $ 13,515,406