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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 18,479,201 $ 18,648,171
Accounts receivable, less allowance for doubtful accounts of $2,145,599 in 2019 and $2,323,712 in 2020 46,693,711 54,577,452
Prepaid expenses 4,664,849 3,516,766
Other current assets 4,016,572 2,915,654
Total current assets 73,854,333 79,658,043
Property and equipment, net 55,547,807 53,813,602
Operating lease right-of-use assets 39,446,759 39,768,910
Finance lease right-of-use assets 343,333 346,667
FCC licenses 510,724,755 517,529,167
Goodwill 28,596,547 28,596,547
Other intangibles, net 28,450,026 29,333,230
Other assets 11,694,994 11,014,063
Total assets 748,658,554 760,060,229
Current liabilities:    
Current installments of long-term debt 2,750,000 7,500,000
Accounts payable 11,804,979 10,323,408
Operating lease liabilities 7,261,170 7,234,492
Finance lease liabilities 66,159 70,192
Other current liabilities 24,081,430 28,064,367
Total current liabilities 45,963,738 53,192,459
Due to related parties 541,439 565,617
Long-term debt, net of current installments and unamortized debt issuance costs 257,446,435 248,712,452
Operating lease liabilities 34,504,752 34,837,804
Finance lease liabilities 54,573 75,020
Deferred tax liabilities 118,713,216 121,130,996
Other long-term liabilities 17,056,363 17,073,923
Total liabilities 474,280,516 475,588,271
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued
Additional paid-in capital 153,521,008 153,254,599
Treasury stock, Class A common stock; 4,493,181 shares in 2019; 4,500,762 shares in 2020 (30,678,207) (30,662,332)
Retained earnings 152,115,263 162,350,145
Accumulated other comprehensive loss (436,338) (436,338)
Total stockholders' equity 274,554,222 284,538,540
Noncontrolling interest (176,184) (66,582)
Total equity 274,378,038 284,471,958
Total liabilities and stockholders' equity 748,658,554 760,060,229
Class A Common Stock [Member]    
Stockholders' equity:    
Common stock 15,834 15,804
Class B Common Stock [Member]    
Stockholders' equity:    
Common stock $ 16,662 $ 16,662