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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net income $ 26,652,000 $ 17,705,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 22,743,000 17,552,000
Amortization of Intangible Assets 8,130,000 5,502,000
Amortization of deferred loan costs 2,267,000 1,597,000
Amortization of original issue discount and premium related to long-term debt, net (432,000) (432,000)
Amortization of restricted stock and stock option awards 2,556,000 2,002,000
Amortization of program broadcast rights 9,209,000 7,160,000
Payments on program broadcast obligations (9,130,000) (7,141,000)
Common stock contributed to 401(k) plan 14,000 13,000
Deferred income taxes 17,315,000 11,937,000
(Gain) loss on disposal of assets, net (420,000) 314,000
Other 731,000 (161,000)
Changes in operating assets and liabilities:    
Accounts receivable (6,152,000) 1,462,000
Other current assets (12,474,000) (8,557,000)
Accounts payable (1,381,000) (1,387,000)
Other current liabilities (16,914,000) (10,189,000)
Accrued interest 1,309,000 (4,907,000)
Net cash provided by operating activities 44,023,000 32,470,000
Investing activities    
Acquisitions of television businesses and broadcast licenses (427,448,000)
Proceeds from Divestiture of Businesses 11,200,000 0
Purchases of property and equipment (13,475,000) (8,396,000)
Proceeds from asset sales 1,910,000 101,000
Acquisition prepayments and other (20,624,000) (143,000)
Net cash used in investing activities (448,437,000) (8,438,000)
Financing activities    
Proceeds from borrowings on long-term debt 925,000,000 0
Repayments of borrowings on long-term debt (425,000,000) 0
Proceeds from issuance of common stock 0 167,378,000
Deferred and other loan costs (16,559,000) 4,000
Net cash provided by financing activities 483,441,000 167,382,000
Net increase in cash 79,027,000 191,414,000
Cash at beginning of period 97,318,000 30,769,000
Cash at end of period $ 176,345,000 $ 222,183,000