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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 9,500,000 $ 9,202,000 $ 11,157,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 5,055,000 5,171,000 5,749,000
Deferred income tax expense 385,000 935,000 195,000
Amortization of deferred costs 36,000 10,000 37,000
Compensation expense related to restricted stock awards 1,116,000 1,858,000 1,335,000
Loss on sale of assets, net 120,000 (14,000) 7,000
(Gain) on insurance claims   (534,000) (589,000)
Other (gain) loss, net (119,000) (118,000) (45,000)
Barter (revenue) expense, net 50,000 46,000 (2,000)
Deferred and other compensation (100,000) 1,425,000 (215,000)
Changes in assets and liabilities:      
(Increase) decrease in receivables and prepaid expenses (1,303,000) (1,135,000) 507,000
Increase (decrease) in accounts payable, accrued expenses, and other liabilities 639,000 279,000 968,000
Total adjustments 5,879,000 7,923,000 7,947,000
Net cash provided by operating activities 15,379,000 17,125,000 19,104,000
Cash flows from investing activities:      
Purchase of short-term investments (20,728,000) (18,000,000)  
Redemption of short-term investments 20,723,000 8,000,000  
Acquisition of property and equipment (Capital Expenditures) (4,356,000) (5,994,000) (3,969,000)
Acquisition of broadcast properties   (57,000) (150,000)
Proceeds from sale and disposal of assets 1,747,000 411,000 142,000
Proceeds from insurance claims   534,000 589,000
Other investing activities 117,000 116,000 40,000
Net cash used in investing activities (2,497,000) (14,990,000) (3,348,000)
Cash flows from financing activities:      
Payments on long-term debt     (10,000,000)
Cash dividends paid (19,875,000) (19,785,000) (1,914,000)
Payments for debt issuance costs   (161,000)  
Purchase of treasury shares (227,000) (147,000) (435,000)
Net cash used in financing activities (20,102,000) (20,093,000) (12,349,000)
Net increase (decrease) in cash and cash equivalents (7,220,000) (17,958,000) 3,407,000
Cash and cash equivalents, beginning of period 36,802,000 54,760,000 51,353,000
Cash and cash equivalents, end of period $ 29,582,000 $ 36,802,000 $ 54,760,000