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Condensed Consolidated Statements of Comprehensive Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net revenue $ 65,658,748 $ 61,625,296 $ 123,346,302 $ 116,778,923
Operating expenses:        
Station operating expenses (including stock-based compensation of $221,046 in 2018 and $85,002 in 2019 and excluding depreciation and amortization shown separately below) 47,759,693 44,967,293 95,210,875 90,480,140
Corporate general and administrative expenses (including stock-based compensation of $482,358 in 2018 and $462,614 in 2019) 5,423,561 4,440,299 10,385,975 7,722,772
Transaction expenses 55,163   296,511  
Depreciation and amortization 1,742,687 1,562,052 3,511,474 3,108,786
Change in fair value of contingent consideration       4,415,925
Gain on dispositions     (3,545,755)  
Total operating expenses 54,981,104 50,969,644 105,859,080 105,727,623
Operating income 10,677,644 10,655,652 17,487,222 11,051,300
Non-operating income (expense):        
Interest expense (4,547,036) (3,805,575) (9,137,921) (7,430,815)
Other income (expense), net 38,193 27,311 (194,390) 476,212
Income before income taxes 6,168,801 6,877,388 8,154,911 4,096,697
Income tax expense 1,899,800 1,958,776 2,532,647 2,339,277
Net income 4,269,001 4,918,612 5,622,264 1,757,420
Other comprehensive loss:        
Reclassification of other comprehensive income due to termination of pension plan (net of income tax benefit of $261,358)       (731,265)
Comprehensive income (loss) $ 4,269,001 $ 4,918,612 $ 5,622,264 $ 1,026,155
Net income per Class A and B common share:        
Basic and diluted $ 0.15 $ 0.18 $ 0.20 $ 0.06
Dividends declared per common share $ 0.05 $ 0.05 $ 0.10 $ 0.10
Weighted average shares outstanding:        
Basic 27,776,682 27,344,752 27,668,814 27,530,043
Diluted 27,838,939 27,523,310 27,740,491 27,710,563