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Condensed Consolidated Statements of Comprehensive Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net revenue $ 61,625,296 $ 61,013,414 $ 116,778,923 $ 114,753,965
Operating expenses:        
Station operating expenses (including stock-based compensation of $54,668 and $221,046 in three month ended June 30, 2017 and 2018 and $133,715 and $373,464 in six month ended June 30, 2017 and 2018 respectively excluding depreciation and amortization shown separately below) 44,967,293 44,912,998 90,480,140 88,862,592
Corporate general and administrative expenses (including stock-based compensation of $719,288 and $482,358 in three month ended June 30, 2017 and 2018 and $837,980 and $947,712 in six month ended June 30, 2017 and 2018 respectively) 4,440,299 4,488,482 7,722,772 7,718,579
Transaction expenses   295,237   746,070
Other operating expenses   252,915   581,162
Depreciation and amortization 1,562,052 1,619,642 3,108,786 3,122,479
Change in fair value of contingent consideration   2,391,342 4,415,925 (5,141,950)
Gain on disposition   (3,977,449)   (3,707,993)
Termination of postretirement benefits plan   (1,812,448)   (1,812,448)
Total operating expenses 50,969,644 48,170,719 105,727,623 90,368,491
Operating income 10,655,652 12,842,695 11,051,300 24,385,474
Non-operating income (expense):        
Interest expense (3,805,575) (4,752,044) (7,430,815) (9,579,383)
Other income (expense), net 27,311 39,519 476,212 395,717
Income before income taxes 6,877,388 8,130,170 4,096,697 15,201,808
Income tax expense 1,958,776 4,224,649 2,339,277 3,809,791
Net income 4,918,612 3,905,521 1,757,420 11,392,017
Other comprehensive income:        
Unrealized losses on securities (net of income tax benefit of $6,537 and $15,737 in three and six month ended June 30, 2017 respectively)   (10,071)   (24,245)
Unrecognized actuarial losses on postretirement plans (net of income tax benefit of $40,697 and $40,697 in three and six month ended June 30, 2017 respectively)   (62,699)   (62,699)
Reclassification of other comprehensive income due to termination of pension plan (net of income tax benefit of $261,358)     (731,265)  
Comprehensive income $ 4,918,612 $ 3,832,751 $ 1,026,155 $ 11,305,073
Net income per Class A and B common share:        
Basic and diluted $ 0.18 $ 0.14 $ 0.06 $ 0.41
Dividends declared per common share $ 0.050 $ 0.045 $ 0.10 $ 0.09
Weighted average shares outstanding:        
Basic 27,344,752 27,701,278 27,530,043 27,682,302
Diluted 27,523,310 27,874,221 27,710,563 27,846,182