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Disposition
6 Months Ended
Jun. 30, 2025
Business Combinations [Abstract]  
Disposition
(3)
Disposition

On June 27, 2025, the Company entered into an agreement to sell substantially all of the assets used in the operations of WPBB-FM in Tampa, FL to a third party for $8.0 million in cash. The sale, which is subject to FCC approval and other customary closing conditions, is expected to close during the third or fourth quarter of 2025. A summary of assets held for sale as of June 30, 2025 is as follows:

 

Property and equipment, net

 

$

130,866

 

FCC license

 

 

7,185,620

 

 

 

$

7,316,486