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Note 3 - Acquisitions and Divestitures (Tables)
12 Months Ended
Dec. 31, 2020
Notes Tables  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
  

2020 Acquisitions

 
  

Alaska

  

Columbus

  

Sioux Falls

  

Total

 

Accounts receivable and other current assets

 $1  $-  $-  $1 

Property and equipment

  5   2   -   7 

Goodwill

  2   1   11   14 

Broadcast licenses

  2   -   -   2 

Other intangible assets

  9   19   11   39 

Total

 $19  $22  $22  $63 
  

2019 Acquisitions

 
  

Raycom

  

United

  

Sioux Falls

  

Charlottesville

  

Total

 

Cash

 $115  $-  $-  $-  $115 

Accounts receivable, net

  243   3   1   1   248 

Program broadcast rights

  12   -   -   -   12 

Other current assets

  10   -   -   -   10 

Property and equipment

  311   10   10   7   338 

Operating lease right of use asset

  52   -   -   -   52 

Goodwill

  829   3   2   -   834 

Broadcast licenses

  2,004   24   14   2   2,044 

Other intangible assets

  504   8   7   3   522 

Other non-current assets

  20   -   -   -   20 

Employee compensation and benefits

  (29)  -   -   -   (29)

Program broadcast obligations

  (16)  -   -   -   (16)

Other current liabilities

  (60)  -   (1)  -   (61)

Federal and state income taxes payable

  (3)  -   -   -   (3)

Deferred income taxes

  (472)  -   -   -   (472)

Operating lease liabilities

  (52)  -   -   -   (52)

Other long-term liabilities

  (25)  -   -   -   (25)

Total

 $3,443  $48  $33  $13  $3,537 
Disposal Groups, Including Discontinued Operations [Table Text Block]
  

Total

        
  

Cash

 Station   Current 
  

Consideration

 

Call

   DMA 

Purchaser

 

Received

 

Letters

 

DMA

 

Rank

 
            

Lockwood Broadcasting, Inc.

 $67 

WTNZ

 

Knoxville, TN

  60 
     

WFXG

 

Augusta, GA

  111 
     

WPGX

 

Panama City, FL

  139 
     

WDFX

 

Dothan, AL

  175 
            

Scripps Media, Inc.

  55 

KXXV

 

Waco/Temple/Bryan, TX

  95 
     

KRHD

 

Waco/Temple/Bryan, TX

  95 
     

WTXL

 

Tallahassee, FL

  113 
            

TEGNA, Inc.

  109 

WTOL

 

Toledo, OH

  78 
     

KWES

 

Odessa/Midland, TX

  150 

Total

 $231        
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
      

KYOU

     
      

and

  

Net

 
  

Raycom

  

WUPV

  

Consideration

 
             

Purchase Price

 $3,660  $17  $3,677 

Less - consideration allocated to all assets acquired and net of liabilities assumed for the Raycom overlap market stations which were also divested on January 2, 2019

  (234)  -   (234)

Purchase consideration for assets acquired and liabilities assumed net of divestitures

 $3,426  $17  $3,443 
Business Combination, Separately Recognized Transactions [Table Text Block]
  

Year Ended

 
  

December 31,

 
  

2019

 

Transaction Related Expenses by type:

    

Legal, consulting and other professional fees

 $24 

Incentive compensation and other severance costs

  21 

Termination of sales representation and other agreements

  34 

Total Transaction Related Expenses

 $79 
     

Transaction Related Expenses by financial statement line item:

    

Operating expenses before depreciation, amortization and loss (gain) on disposal of assets, net:

    

Broadcasting

 $45 

Corporate and administrative

  34 

Total Transaction Related Expenses

 $79 
Business Acquisition, Pro Forma Information [Table Text Block]
  

Year Ended

 
  

December 31,

 
  

2019

 
     

Revenue (less agency commissions)

 $2,139 
     

Net income

 $241 
     

Net income attributable to common stockholders

 $189 
     

Basic net income attributable to common stockholders, per share

 $2.43 
     

Diluted net income attributable to common stockholders, per share

 $2.41