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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net Income (Loss) $ (75,120,138) $ (42,057,430)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Stock-based compensation 846,375 1,058,903
Provision for credit losses 1,642,545 1,108,840
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)  
Amortization of loan fees 1,447,528 1,491,061
Gain on repurchases of long-term debt (7,807,875) (1,131,346)
Deferred income taxes (25,918,433) (18,157,845)
Equity in earnings of unconsolidated affiliates 148,528 12,260
Change in operating assets and liabilities:    
Accounts receivable 1,616,785 (4,413,929)
Prepaid expenses 739,728 (1,034,175)
Other assets 2,995,740 (639,724)
Accounts payable (5,045,573) 12,349,540
Other liabilities (4,048,647) 3,212,130
Other operating activities 1,218,520 (95,678)
Net cash provided by (used in) operating activities (4,678,549) 11,147,084
Cash flows from investing activities:    
Payment for acquisition 0 (2,000,000)
Capital expenditures (4,189,554) (13,363,000)
Proceeds from dispositions 11,060,000 1,185,312
Net cash provided by (used in) investing activities 6,870,446 (14,177,688)
Cash flows from financing activities:    
Repurchase of long-term debt (14,908,750) (8,677,500)
Reduction of finance lease liabilities 0 (1,945)
Purchase of treasury stock (83,879) (133,940)
Net cash used in financing activities (14,992,629) (8,813,385)
Net decrease in cash and cash equivalents (12,800,732) (11,843,989)
Cash and cash equivalents at beginning of period 39,534,653 51,378,642
Cash and cash equivalents at end of period 26,733,921 39,534,653
Cash paid for interest 25,224,653 25,564,611
Cash paid for income taxes $ 1,402,784 $ 1,550,250