Note 2 - Acquisitions and Dispositions (Tables)

9 Months Ended

Sep. 30, 2016

Notes Tables

Schedule of Noncash or Part Noncash Acquisitions [Table Text Block]

						Schurz
						Acquisition
						and the
	Divestiture			Acquisition		Acquisition
	of KAKE-TV			of WBXX-TV		of WLUC-TV			Total
Base purchase price	$	-		$	30,000	$	442,500		$	472,500
Purchase price adjustment		-			-		948			948
Adjusted purchase price		-			30,000		443,448			473,448
Cash consideration received from sale of Schurz Radio Stations		-			-		(16,000	)		(16,000	)
Net adjusted purchase price allocated to assets acquired and liabilities assumed		-			30,000		427,448			457,448
Non-cash consideration received		(30,000	)		-		-			(30,000	)
Cash consideration received		(11,200	)		-		-			(11,200	)
Net consideration - the Schurz Acquisition and Related Transactions	$	(41,200	)	$	30,000	$	427,448		$	416,248

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

						Schurz
						Acquisition
						and the
	Acquisition		Acquisition			Acquisition
	of KYES-TV		of WBXX-TV			of WLUC-TV			Total
Accounts receivable	$	-	$	-		$	19,313		$	19,313
Other current assets		-		429			4,606			5,035
Property and equipment		176		1,633			97,814			99,623
Goodwill		28		10,288			62,268			72,584
Broadcast licenses		254		18,199			231,391			249,844
Other intangible assets		42		-			19,523			19,565
Other non-current assets		-		408			3,028			3,436
Current liabilities		-		(460	)		(8,903	)		(9,363	)
Other long-term liabilities		-		(497	)		(1,592	)		(2,089	)
Total	$	500	$	30,000		$	427,448		$	457,948

Business Acquisition, Pro Forma Information [Table Text Block]

	Nine Months Ended
	September 30,
	2016		2015
Revenue (less agency commissions)	$	588,193	$	505,269
Net income	$	22,025	$	24,182
Basic net income per share	$	0.31	$	0.36
Diluted net income per share	$	0.30	$	0.36