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Acquisitions and Dispositions (Tables)
12 Months Ended
Dec. 31, 2022
Asset Acquisition [Line Items]  
Summary Of Asset Allocation Based On Fair Value
The asset allocation is summarized as follows:
 
Property and equipment
   $ 302,336  
FCC license
     5,451,000  
    
 
 
 
Fair value of assets received
     5,753,336  
Carrying amount of assets of exchanged station

     (2,402,797
    
 
 
 
Gain on exchange
   $ 3,350,539  
    
 
 
 
Summary of Schedule of Assumptions Used in Valuation of FCC Licenses The key assumptions used in the discounted cash flow analyses are as follows:
Revenue growth rates
 
  (1.9)% - 15.9
%
Market revenue shares at maturity
 
  0.6% - 44.0
%
Operating income margins at maturity
 
  19.2% - 32.6
%
Discount rate
 
 
9.5
%
 
Revenue growth rates
 
0.3% - 2.7%
Market revenue shares at maturity
 
0.7% - 44.7%
Operating income margins at maturity
 
19.7% - 30.4%
Discount rate
 
9.5%
Schedule of Purchase Price Allocation The final purchase price allocation was completed during the third quarter of 2022. The final purchase price allocation is summarized as follows:
 
Property and equipment
   $ 3,000  
Goodwill
     922,000  
Other intangibles
     1,075,000  
    
 
 
 
     $ 2,000,000  
    
 
 
 
FCC License [Member]  
Asset Acquisition [Line Items]  
Summary of Schedule of Assumptions Used in Valuation of FCC Licenses
The key assumptions used in the valuation of the FCC license are as
follows:
 
Revenue growth rates
 
  
0.3% - 1.5
Market revenue shares at maturity
 
   5.2%
Operating income margins at maturity
 
   23.3%
 
Discount rate
 
   9.5%