Quarterly Results of Operations (Tables)

12 Months Ended

Dec. 31, 2023

Quarterly Results of Operations (Unaudited)

Quarterly Results of Operations

	March 31,				June 30,				September 30,				December 31,
	2023		2022		2023		2022		2023		2022		2023		2022
	(in thousands, except per share data)
Net operating revenue	$	25,304	$	24,967	$	29,175	$	29,821	$	29,149	$	29,980	$	29,145	$	30,125
Station operating expenses		21,703		20,568		22,407		21,786		22,760		22,295		23,329		22,888
Corporate G&A		2,616		2,694		2,472		2,609		2,852		6,667		3,026		2,330
Other operating expense (income), net		80		(5)		—		45		45		(37)		(5)		(17)
Operating income (loss)		905		1,710		4,296		5,381		3,492		1,055		2,795		4,924
Other (income) expenses:
Interest expense		43		32		43		32		44		32		43		34
Interest (income)		(289)		(4)		(347)		(49)		(391)		(134)		(414)		(223)
Other (income) expense		(119)		(2)		—		—		—		(34)		—		(616)
Income before income taxes		1,270		1,684		4,600		5,398		3,839		1,191		3,166		5,729
Income tax provision (benefit)
Current		280		400		905		1,260		835		730		970		1,475
Deferred		70		80		345		315		275		565		(305)		(25)
		350		480		1,250		1,575		1,110		1,295		665		1,450
Net income (loss)	$	920	$	1,204	$	3,350	$	3,823	$	2,729	$	(104)	$	2,501	$	4,279
Basic earnings(loss) per share	$	0.15	$	0.20	$	0.55	$	0.63	$	0.45	$	(0.01)	$	0.40	$	0.70
Weighted average common shares		6,028		5,948		6,032		5,952		6,032		5,961		6,030		6,013
Diluted earnings (loss) per share	$	0.15	$	0.20	$	0.55	$	0.63	$	0.45	$	(0.01)	$	0.40	$	0.70
Weighted average common and common equivalent shares		6,028		5,948		6,032		5,952		6,032		5,961		6,030		6,013