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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value of Initial Fixed $100
Investment Based on: (4)

 

 

 

 

 

 

 

Year

 

Summary
Compensation
Table Total for
PEO (1)

 

 

Compensation
Actually Paid
to PEO (1), (2), (3)

 

 

Average Summary
Compensation
Table Total for
Non-PEO NEOs (1)

 

 

Average
Compensation
Actually Paid to
Non-PEO NEOs (1), (2), (3)

 

 

Total Shareholder
Return

 

 

Peer Group Total
Shareholder
Return

 

 

GAAP Net Income
($ Millions)(7)

 

 

Consolidated Adjusted EBITDA
($ Millions)

 

(a)

 

(b)

 

 

(c)

 

 

(d)

 

 

(e)

 

 

(f)

 

 

(g)

 

 

(h)

 

 

(i)

 

2022

 

 

14,958,648

 

 

 

12,704,148

 

 

 

2,006,722

 

 

 

1,543,840

 

 

 

203

 

 

 

58

 

 

 

18

 

 

 

103

 

2021

 

 

6,442,220

 

 

 

9,274,470

 

 

 

1,910,909

 

 

 

2,461,255

 

 

 

282

 

 

 

83

 

 

 

29

 

 

 

88

 

2020

 

 

3,405,220

 

 

 

3,324,720

 

 

 

1,021,292

 

 

 

1,026,683

 

 

 

112

 

 

 

87

 

 

 

(4

)

 

 

60

 

 

1.
Walter F. Ulloa was our PEO in 2022, 2021, and 2020. The individuals comprising the Non-PEO NEOs for each year presented are listed below.

 

2020

 

2021

 

2022

Christopher Young

 

Christopher Young

 

Christopher Young

Jeffery Liberman

 

Jeffery Liberman

 

Jeffery Liberman

Karl Meyer

 

Karl Meyer

 

Karl Meyer

Juan Saldívar von Wuthenau

 

Juan Saldívar von Wuthenau

 

Juan Saldívar von Wuthenau

 

 

2.
The amounts shown for CAP have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
3.
CAP reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718 and the assumptions used were materially the same as those used for the grant date fair values. Amounts in the Exclusion of Stock Awards columns are the totals from the Stock Awards column set forth in the Summary Compensation Table.

 

Year

 

Summary
Compensation Table
Total for PEO ($)

 

 

Exclusion of Stock Awards for PEO ($)

 

 

Inclusion of Equity Values for PEO ($)

 

 

Compensation Actually
Paid to PEO ($)

 

2022

 

 

14,958,648

 

 

 

4,072,500

 

 

 

1,818,000

 

 

 

12,704,148

 

2021

 

 

6,442,220

 

 

 

4,578,000

 

 

 

7,410,250

 

 

 

9,274,470

 

2020

 

 

3,405,220

 

 

 

1,716,000

 

 

 

1,635,500

 

 

 

3,324,720

 

 

Year

 

Average Summary
Compensation Table
Total for Non-PEO NEOs ($)

 

 

Average Exclusion of Stock Awards for Non-PEO NEOs ($)

 

 

Average Inclusion of Equity Values for Non-PEO NEOs ($)

 

 

Average Compensation Actually
Paid to Non-PEO NEOs ($)

 

2022

 

 

2,006,722

 

 

 

848,438

 

 

 

385,556

 

 

 

1,543,840

 

2021

 

 

1,910,909

 

 

 

956,474

 

 

 

1,506,820

 

 

 

2,461,255

 

2020

 

 

1,021,292

 

 

 

358,800

 

 

 

364,191

 

 

 

1,026,683

 

 

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
 

 

Year

 

Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for PEO
($)

 

 

Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for PEO
($)

 

 

Fair Value of Awards Granted During the Year that Vested During the Year
($)

 

 

Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for PEO
($)

 

 

Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for PEO
($)

 

 

Total - Inclusion of
Equity Values for PEO
($)

 

2022

 

-*

 

 

-*

 

 

 

3,600,000

 

 

 

(1,782,000

)

 

 

-

 

 

 

1,818,000

 

2021

 

 

3,559,500

 

 

 

1,511,250

 

 

 

1,120,000

 

 

 

1,219,500

 

 

 

-

 

 

 

7,410,250

 

2020

 

 

1,134,375

 

 

 

37,375

 

 

 

407,000

 

 

 

56,750

 

 

 

-

 

 

 

1,635,500

 

 

*Mr. Ulloa died on December 31, 2022. All of his outstanding equity awards vested on such date in accordance with the terms of his employment agreement.

 

 

Year

 

Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs
($)

 

 

Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs
($)

 

 

Average Fair Value of Awards Granted During the Year that Vested During the Year for Non-PEO NEOs
($)

 

 

Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs
($)

 

 

Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs
($)

 

 

Total - Average Inclusion of
Equity Values for Non-PEO NEOs
($)

 

2022

 

 

562,500

 

 

 

(201,713

)

 

 

187,500

 

 

 

(162,731

)

 

 

-

 

 

 

385,556

 

2021

 

 

743,681

 

 

 

299,731

 

 

 

234,000

 

 

 

229,408

 

 

 

-

 

 

 

1,506,820

 

2020

 

 

270,122

 

 

 

5,728

 

 

 

85,100

 

 

 

3,241

 

 

 

-

 

 

 

364,191

 

 

4.
The Peer Group TSR set forth in this table utilizes the S&P 500 Broadcasting Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2022. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the company and in the S&P 500 Broadcasting Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
5.
We determined Conolidated adjusted EBITDA to be the most important financial performance measure used to link company performance to CAP to our PEO and Non-PEO NEOs in 2022. Consolidated adjusted EBITDA is defined as net income (loss) plus gain (loss) on sale of assets, depreciation and amortization, non-cash impairment charge, non-cash stock-based compensation included in operating and corporate expenses, net interest expense, other operating gain (loss), gain (loss) on debt extinguishment, income tax (expense) benefit, equity in net income (loss) of nonconsolidated affiliate, non-cash losses, syndication programming amortization less syndication programming payments, revenue from the Federal Communications Commission, or FCC, spectrum incentive auction less related expenses, expenses associated with investments, EBITDA attributable to noncontrolling and redeemable noncontrolling interest, acquisitions and dispositions and certain pro-forma cost savings.
   
Company Selected Measure Name Conolidated adjusted EBITDA    
Named Executive Officers, Footnote [Text Block]
1.
Walter F. Ulloa was our PEO in 2022, 2021, and 2020. The individuals comprising the Non-PEO NEOs for each year presented are listed below.

 

2020

 

2021

 

2022

Christopher Young

 

Christopher Young

 

Christopher Young

Jeffery Liberman

 

Jeffery Liberman

 

Jeffery Liberman

Karl Meyer

 

Karl Meyer

 

Karl Meyer

Juan Saldívar von Wuthenau

 

Juan Saldívar von Wuthenau

 

Juan Saldívar von Wuthenau

   
Peer Group Issuers, Footnote [Text Block]
4.
The Peer Group TSR set forth in this table utilizes the S&P 500 Broadcasting Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2022. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the company and in the S&P 500 Broadcasting Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
   
PEO Total Compensation Amount $ 14,958,648 $ 6,442,220 $ 3,405,220
PEO Actually Paid Compensation Amount $ 12,704,148 9,274,470 3,324,720
Adjustment To PEO Compensation, Footnote [Text Block]
3.
CAP reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718 and the assumptions used were materially the same as those used for the grant date fair values. Amounts in the Exclusion of Stock Awards columns are the totals from the Stock Awards column set forth in the Summary Compensation Table.

 

Year

 

Summary
Compensation Table
Total for PEO ($)

 

 

Exclusion of Stock Awards for PEO ($)

 

 

Inclusion of Equity Values for PEO ($)

 

 

Compensation Actually
Paid to PEO ($)

 

2022

 

 

14,958,648

 

 

 

4,072,500

 

 

 

1,818,000

 

 

 

12,704,148

 

2021

 

 

6,442,220

 

 

 

4,578,000

 

 

 

7,410,250

 

 

 

9,274,470

 

2020

 

 

3,405,220

 

 

 

1,716,000

 

 

 

1,635,500

 

 

 

3,324,720

 

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
 

Year

 

Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for PEO
($)

 

 

Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for PEO
($)

 

 

Fair Value of Awards Granted During the Year that Vested During the Year
($)

 

 

Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for PEO
($)

 

 

Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for PEO
($)

 

 

Total - Inclusion of
Equity Values for PEO
($)

 

2022

 

-*

 

 

-*

 

 

 

3,600,000

 

 

 

(1,782,000

)

 

 

-

 

 

 

1,818,000

 

2021

 

 

3,559,500

 

 

 

1,511,250

 

 

 

1,120,000

 

 

 

1,219,500

 

 

 

-

 

 

 

7,410,250

 

2020

 

 

1,134,375

 

 

 

37,375

 

 

 

407,000

 

 

 

56,750

 

 

 

-

 

 

 

1,635,500

 

*Mr. Ulloa died on December 31, 2022. All of his outstanding equity awards vested on such date in accordance with the terms of his employment agreement.

   
Non-PEO NEO Average Total Compensation Amount $ 2,006,722 1,910,909 1,021,292
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,543,840 2,461,255 1,026,683
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
3.
CAP reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718 and the assumptions used were materially the same as those used for the grant date fair values. Amounts in the Exclusion of Stock Awards columns are the totals from the Stock Awards column set forth in the Summary Compensation Table.

Year

 

Average Summary
Compensation Table
Total for Non-PEO NEOs ($)

 

 

Average Exclusion of Stock Awards for Non-PEO NEOs ($)

 

 

Average Inclusion of Equity Values for Non-PEO NEOs ($)

 

 

Average Compensation Actually
Paid to Non-PEO NEOs ($)

 

2022

 

 

2,006,722

 

 

 

848,438

 

 

 

385,556

 

 

 

1,543,840

 

2021

 

 

1,910,909

 

 

 

956,474

 

 

 

1,506,820

 

 

 

2,461,255

 

2020

 

 

1,021,292

 

 

 

358,800

 

 

 

364,191

 

 

 

1,026,683

 

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
 

Year

 

Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs
($)

 

 

Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs
($)

 

 

Average Fair Value of Awards Granted During the Year that Vested During the Year for Non-PEO NEOs
($)

 

 

Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs
($)

 

 

Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs
($)

 

 

Total - Average Inclusion of
Equity Values for Non-PEO NEOs
($)

 

2022

 

 

562,500

 

 

 

(201,713

)

 

 

187,500

 

 

 

(162,731

)

 

 

-

 

 

 

385,556

 

2021

 

 

743,681

 

 

 

299,731

 

 

 

234,000

 

 

 

229,408

 

 

 

-

 

 

 

1,506,820

 

2020

 

 

270,122

 

 

 

5,728

 

 

 

85,100

 

 

 

3,241

 

 

 

-

 

 

 

364,191

 

   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]

Relationship between CAP and TSR. The chart below reflects the relationship between the PEO and average non-PEO NEO CAP versus our TSR and the Peer Group TSR.

 

img5004898_2.jpg 

 

   
Compensation Actually Paid vs. Net Income [Text Block]

Relationship between CAP and GAAP Net Income. The chart below reflects the relationship between the PEO and average non-PEO NEO CAP and our GAAP Net Income.

 

img5004898_3.jpg 

 

   
Compensation Actually Paid vs. Company Selected Measure [Text Block]

Relationship between CAP and Consolidated adjusted EBITDA (our Company-Selected Measure). The chart below reflects the relationship between the PEO CAP and average non-PEO NEO CAP and our Consolidated adjusted EBITDA.

 

img5004898_4.jpg 

 

   
Total Shareholder Return Amount $ 203 282 112
Peer Group Total Shareholder Return Amount 58 83 87
Net Income (Loss) $ 18,000,000 $ 29,000,000 $ (4,000,000)
Company Selected Measure Amount 103,000,000 88,000,000 60,000,000
PEO Name Walter F. Ulloa Walter F. Ulloa Walter F. Ulloa
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Non-GAAP Measure Description [Text Block]
5.
We determined Conolidated adjusted EBITDA to be the most important financial performance measure used to link company performance to CAP to our PEO and Non-PEO NEOs in 2022. Consolidated adjusted EBITDA is defined as net income (loss) plus gain (loss) on sale of assets, depreciation and amortization, non-cash impairment charge, non-cash stock-based compensation included in operating and corporate expenses, net interest expense, other operating gain (loss), gain (loss) on debt extinguishment, income tax (expense) benefit, equity in net income (loss) of nonconsolidated affiliate, non-cash losses, syndication programming amortization less syndication programming payments, revenue from the Federal Communications Commission, or FCC, spectrum incentive auction less related expenses, expenses associated with investments, EBITDA attributable to noncontrolling and redeemable noncontrolling interest, acquisitions and dispositions and certain pro-forma cost savings.
   
PEO [Member] | Exclusion of Stock Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 4,072,500 $ 4,578,000 $ 1,716,000
PEO [Member] | Inclusion of Equity Values [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,818,000 7,410,250 1,635,500
PEO [Member] | Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount   3,559,500 1,134,375
PEO [Member] | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount   1,511,250 37,375
PEO [Member] | Fair Value of Awards Granted During the Year that Vested During the Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 3,600,000 1,120,000 407,000
PEO [Member] | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,782,000) 1,219,500 56,750
Non-PEO NEO [Member] | Average Exclusion of Stock Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 848,438 956,474 358,800
Non-PEO NEO [Member] | Average Inclusion of Equity Values [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 385,556 1,506,820 364,191
Non-PEO NEO [Member] | Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 562,500 743,681 270,122
Non-PEO NEO [Member] | Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (201,713) 299,731 5,728
Non-PEO NEO [Member] | Average Fair Value of Awards Granted During the Year that Vested During the Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 187,500 234,000 85,100
Non-PEO NEO [Member] | Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (162,731) $ 229,408 $ 3,241