XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]    
Net revenue $ 247,109,258 $ 256,381,018
Operating expenses:    
Operating expenses (including stock-based compensation of $193,738 in 2022 and $66,382 in 2023 and excluding depreciation and amortization shown separately below) 208,247,221 213,236,063
Corporate expenses (including stock-based compensation of $865,165 in 2022 and $779,993 in 2023) 18,246,731 18,001,359
Depreciation and amortization 8,809,343 9,920,546
FCC licenses impairment losses 89,214,665 23,799,383
Goodwill impairment losses 10,582,360 16,253,087
Other impairment losses 0 12,822,000
Gain on exchange 0 (3,350,539)
Extinguishment of franchise fee (6,000,000)  
Total operating expenses 329,100,320 290,681,899
Operating income (loss) (81,991,062) (34,300,881)
Non-operating income (expense):    
Interest expense (26,607,920) (26,914,045)
Gain on repurchases of long-term debt 7,807,875 1,131,346
Other income, net 1,532,131 250,976
Loss before income taxes (99,258,976) (59,832,604)
Income tax benefit (24,287,366) (17,787,434)
Loss before equity in earnings of unconsolidated affiliates (74,971,610) (42,045,170)
Equity in earnings of unconsolidated affiliates, net of tax (148,528) (12,260)
Net loss (75,120,138) (42,057,430)
Other comprehensive gain (loss):    
Unrecognized actuarial gain (loss) on postretirement plan (net of income tax expense of $542,438 in 2022 and income tax benefit of $52,260 in 2023) (152,827) 1,545,668
Other comprehensive gain (loss): $ (75,272,965) $ (40,511,762)
Net loss per Class A and B common share:    
Basic $ (2.51) $ (1.43)
Diluted $ (2.51) $ (1.43)
Weighted average shares outstanding:    
Basic 29,893,722 29,473,989
Diluted 29,893,722 29,473,989