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Commitments and Contingencies
12 Months Ended
Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
 
(19)
Commitments and Contingencies
The Company has various commitments for rating services and
on-air
programming including sports broadcast rights for the Boston Bruins, Boston Celtics, and New England Patriots. As of December 31, 2020, future minimum payments for the next five years and thereafter are summarized as follows:
 
2021
  $24,621,730 
2022
   24,469,796 
2023
   7,457,266 
2024
   6,750,000 
2025
   6,750,000 
Thereafter
   34,775,000 
   
 
 
 
Total
  $104,823,792 
   
 
 
 
 
In the normal course of business, the Company is party to various legal matters. The ultimate disposition of these matters will not, in management’s judgment, have a material adverse effect on the Company’s financial position.