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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net revenue $ 146,022 $ 279,673 $ 373,936 $ 547,169
Operating expenses:        
Content costs 65,725 93,844 154,291 197,596
Selling, general and administrative expenses 79,904 115,817 183,531 229,320
Depreciation and amortization 13,122 13,545 25,912 28,135
Local marketing agreement fees 1,006 438 2,053 1,481
Corporate expenses 10,331 22,675 22,139 35,192
Loss (gain) on sale or disposal of assets or stations 3,767 (47,750) 5,583 (47,724)
Impairment of intangible assets 4,509 0 4,509 0
Total operating expenses 178,364 198,569 398,018 444,000
Operating (loss) income (32,342) 81,104 (24,082) 103,169
Non-operating expense:        
Interest expense (15,888) (21,191) (33,047) (43,347)
Interest income 2 8 4 12
Gain on early extinguishment of debt 0 0 0 381
Other expense, net (61) (34) (64) (62)
Total non-operating expense, net (15,947) (21,217) (33,107) (43,016)
(Loss) income before income taxes (48,289) 59,887 (57,189) 60,153
Income tax benefit (expense) 11,973 (17,026) 13,522 (16,841)
Net (loss) income $ (36,316) $ 42,861 $ (43,667) $ 43,312
Basic and diluted (loss) earnings per common share (see Note 10, (Loss) Earnings Per Share):        
Basic: Earnings per share (USD per share) $ (1.79) $ 2.13 $ (2.15) $ 2.16
Diluted: Earnings per share (USD per share) $ (1.79) $ 2.11 $ (2.15) $ 2.14
Weighted average basic common shares outstanding (in shares) 20,332,970 20,125,419 20,279,022 20,091,568
Weighted average diluted common shares outstanding (in shares) 20,332,970 20,317,328 20,279,022 20,268,393