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Acquisitions and Dispositions | 12 Months Ended
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Dec. 31, 2021
Business Combinations [Abstract] |
Acquisitions and Dispositions |
(3) | Acquisitions and Dispositions
On January 28, 2022, the Company entered into an agreement to sell substantially all of the assets used in the operations of WWNN-AM in Boca Raton, FL to a third party for $1.25 million in cash. The sale, which is subject to approval by the FCC and other customary closing conditions, is expected to close during the second or third quarter of 2022. If the sale is completed, the Company will recognize a loss on disposition of approximately $1.5 million. On December 31, 2020, the Company completed the sale of certain land in Charlotte, NC to a third party for $4.65 million. As a result of the sale, the Company recorded a gain of $4.4 million in the fourth quarter of 2020.

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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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