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FCC Licenses

9 Months Ended

Sep. 30, 2025

Commitments and Contingencies Disclosure [Abstract]

FCC Licenses

(4)FCC Licenses

Changes in the carrying amount of Federal Communications Commission ("FCC") licenses for the nine months ended September 30, 2025 are as follows:

Balance as of December 31, 2024		$	392,259,831
Dispositions (see Note 3)			(7,185,620	)
Assets held for sale reclassification (see Note 3)			(5,191,700	)
License termination			(356,162	)
Balance as of September 30, 2025		$	379,526,349

On September 29, 2025, the 12-month silent period for WGUS-FM in Augusta, GA expired, and the FCC license was terminated.
The termination resulted in a loss of $0.4 million.

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The entire disclosure for FCC broadcasting licenses.

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