Note 3 - Acquisitions and Divestitures (Tables)

9 Months Ended

Sep. 30, 2019

Notes Tables

Disposal Groups, Including Discontinued Operations [Table Text Block]

	Total
	Cash
	Consideration		Television
Purchaser	Received		Station	Location	DMA
Lockwood Broadcasting, Inc.	$	67	WTNZ	Knoxville, TN		60
			WFXG	Augusta, GA		105
			WPGX	Panama City, FL		150
			WDFX	Dothan, AL		173
Scripps Media, Inc.		55	KXXV	Waco-Temple-Bryan, TX		89
			KRHD	Waco-Temple-Bryan, TX		89
			WTXL	Tallahassee, FL		112
TEGNA, Inc.		109	WTOL	Toledo, OH		71
			KWES	Odessa - Midland, TX		142
Total	$	231

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

				KYOU
				and		Net
	Raycom			WUPV		Consideration
Purchase Price	$	3,660		$	17	$	3,677
Less - consideration allocated to all assets acquired and net of liabilites assumed for the Raycom overlap market stations which were also divested on January 2, 2019		(234	)		-		(234	)
Purchase consideration for assets acquired and liabilities assumed net of divestitures	$	3,426		$	17	$	3,443

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

	Raycom			United		Total
Cash	$	116		$	-	$	116
Accounts receivable, net		227			3		230
Program broadcast rights		12			-		12
Other current assets		26			-		26
Property and equipment		311			10		321
Operating lease right of use asset		52			-		52
Goodwill		834			3		837
Broadcast licenses		2,004			24		2,028
Other intangible assets		493			8		501
Other non-current assets		23			-		23
Accrued compensation and benefits		(29	)		-		(29	)
Program broadcast obligations		(16	)		-		(16	)
Other current liabilities		(60	)		-		(60	)
Income taxes payable		(12	)		-		(12	)
Deferred income taxes		(462	)		-		(462	)
Operating lease liabilities		(52	)		-		(52	)
Other long-term liabilities		(24	)		-		(24	)
Total	$	3,443		$	48	$	3,491

Business Combination, Separately Recognized Transactions [Table Text Block]

	September 30, 2019
	Three Months		Nine Months
	Ended		Ended
Transaction Related Expenses by type:
Legal, consulting and other professional fees	$	1	$	24
Incentive compensation and other severance costs		1		19
Termination of sales representation agreements		-		29
Total transaction related expenses	$	2	$	72
Transaction Related Expenses by financial statement line item:
Operating expenses before depreciation, amortization and loss (gain) on disposal of assets, net:
Broadcast	$	1	$	38
Corporate and administrative		1		34
Total transaction related expenses	$	2	$	72

Business Acquisition, Pro Forma Information [Table Text Block]

	Nine Months Ended
	September 30,
	2019		2018
Revenue (less agency commissions)	$	1,546	$	1,547
Net income	$	142	$	110
Net income attributable to common stockholders	$	103	$	71
Basic net income per share	$	1.42	$	1.25
Diluted net income per share	$	1.42	$	1.24