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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement Abstract      
NET REVENUES $ 592,884 $ 464,771 $ 414,481
OPERATING EXPENSE:      
Station operating expenses, including non-cash compensation expense 443,512 323,270 290,814
Depreciation and amortization expense 15,546 9,793 8,419
Corporate general and administrative expenses, including non-cash compensation expense 47,859 33,328 26,479
Impairment loss 952 254 0
Other expenses related to financing 2,213 565 0
Total Restructuring Charge and Transition Services 16,922 0 2,858
Merger and acquisition costs and restructuring charges 41,313 708 3,978
Net time brokerage agreement (income) fees 130 417 (1,285)
Net (gain) loss on sale or disposal of assets 11,853 (1,621) (2,364)
Total operating expense 580,300 366,714 328,899
OPERATING INCOME (LOSS) 12,584 98,057 85,582
OTHER (INCOME) EXPENSE:      
Net interest expense 32,521 36,639 37,961
Net (gain) loss on extinguishment of debt 4,135 10,858 0
Net (gain) loss on investments 0 0 0
Other income 0 (2,299) 0
TOTAL OTHER (INCOME) EXPENSE 4,135 8,559 0
INCOME (LOSS) BEFORE INCOME TAXES (BENEFIT) (24,072) 52,859 47,621
INCOME TAXES (BENEFIT) (257,085) 14,794 18,437
INCOME (LOSS) FROM CONTINUING OPERATIONS 233,013 38,065 29,184
Preferred stock dividend (2,015) (1,901) (752)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS 230,998 36,164 28,432
Income Loss From Discontinued Operations Net Of Tax 836 0 0
NET INCOME (LOSS) $ 233,849 $ 38,065 $ 29,184
NET INCOME (LOSS) PER SHARE - BASIC      
Income (loss) from continuing operations $ 4.49 $ 0.94 $ 0.75
Income (loss) from discontinued operations, net of income (taxes) benefit 0.02 0 0
NET INCOME (LOSS) PER SHARE - BASIC 4.51 0.94 0.75
NET INCOME (LOSS) PER SHARE - DILUTED      
Income (loss) from continuing operations 4.37 0.91 0.73
Income (loss) from discontinued operations, net of income (taxes) benefit 0.02 0 0
NET INCOME (LOSS) PER SHARE - DILUTED 4.16 0.91 0.73
DIVIDENDS DECLARED AND PAID PER COMMON SHARE $ 0.515 $ 0.225 $ 0
WEIGHTED AVERAGE SHARES:      
Basic 51,392,899 38,500,495 38,083,947
Diluted 55,678,189 39,568,062 39,037,623