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Disposition (Tables)
 9 Months Ended
Sep. 30, 2025
Business Combination [Abstract]  
Summary of Assets Held for Sale A summary of assets held for sale as of September 30, 2025 is as follows:

 

Property and equipment, net

 

$

992,287

 

FCC licenses

 

 

5,191,700

 

 

 

$

6,183,987

 

In addition, the Company has lease agreements in Fort Myers, FL with operating lease right-of-use assets of $1.3 million and operating lease liabilities of $1.8 million which are expected to transfer to the buyers upon completion of the dispositions.

On September 29, 2025, the Company completed the sale of 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 Company recorded a gain on disposition of $0.4 million during the third quarter of 2025.