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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 13,433,828 $ 13,922,390
Accounts receivable, less allowance for doubtful accounts of $1,623,408 in 2017 and $2,010,721 in 2018 52,417,152 42,669,351
Prepaid expenses 3,134,756 6,001,996
Merger consideration receivable   17,931,331
Other current assets 1,960,032 4,135,905
Total current assets 70,945,768 84,660,973
Property and equipment, net 57,753,646 59,318,933
FCC broadcasting licenses 516,735,554 489,186,679
Goodwill 25,377,447 15,275,264
Other intangibles, net 2,823,178 550,058
Other assets 7,449,486 5,726,874
Total assets 681,085,079 654,718,781
Current liabilities:    
Current installments of long-term debt 67,101 2,314,020
Accounts payable 9,611,151 7,847,829
Other current liabilities 19,181,108 18,799,195
Total current liabilities 28,859,360 28,961,044
Due to related parties 662,329 759,041
Long-term debt, net of current installments and unamortized debt issuance costs 243,276,273 212,465,882
Deferred tax liabilities 122,912,545 115,282,931
Other long-term liabilities 10,340,481 11,083,683
Total liabilities 406,050,988 368,552,581
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued
Additional paid-in capital 149,963,252 147,987,332
Treasury stock, Class A common stock; 3,032,740 shares in 2017; 4,426,027 shares in 2018 (30,447,597) (16,667,085)
Retained earnings 155,398,555 154,389,494
Accumulated other comprehensive income 87,885 424,574
Total stockholders' equity 275,034,091 286,166,200
Total liabilities and stockholders' equity 681,085,079 654,718,781
Class A Common Stock [Member]    
Stockholders' equity:    
Common stock 15,334 15,223
Class B Common Stock [Member]    
Stockholders' equity:    
Common stock $ 16,662 $ 16,662