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Condensed Consolidated Statements of Comprehensive Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net revenue $ 66,114,701 $ 65,147,080 $ 189,461,003 $ 181,926,003
Operating expenses:        
Station operating expenses 49,443,632 50,351,099 144,654,507 140,831,239
Corporate general and administrative expenses 5,326,660 3,665,865 15,712,635 11,388,637
Transaction expenses 65,423 110,901 361,935 110,901
Depreciation and amortization 1,867,234 1,693,073 5,378,708 4,801,859
Change in fair value of contingent consideration       4,415,925
Gain on dispositions     (3,545,755)  
Total operating expenses 56,702,949 55,820,938 162,562,030 161,548,561
Operating income 9,411,752 9,326,142 26,898,973 20,377,442
Non-operating income (expense):        
Interest expense (4,406,162) (4,073,658) (13,544,083) (11,504,473)
Loss on modification of long-term debt   (281,021)   (281,021)
Other income (expense), net (86,333) (761,275) (280,722) (285,063)
Income before income taxes 4,919,257 4,210,188 13,074,168 8,306,885
Income tax expense 1,733,980 1,578,412 4,266,627 3,917,689
Income before equity in earnings of unconsolidated affiliates 3,185,277 2,631,776 8,807,541 4,389,196
Equity in earnings of unconsolidated affiliates, net of tax (141,378)   (141,378)  
Net income $ 3,043,899 $ 2,631,776 8,666,163 4,389,196
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     $ 8,666,163 $ 3,657,931
Net income per Class A and B common share:        
Basic and diluted $ 0.11 $ 0.10 $ 0.31 $ 0.16
Dividends declared per common share $ 0.05 $ 0.05 $ 0.15 $ 0.15
Weighted average shares outstanding:        
Basic 27,781,412 27,351,587 27,706,759 27,469,904
Diluted 27,882,474 27,500,840 27,828,316 27,664,999