Note 3 - Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 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	61
			WFXG	Augusta, GA	108
			WPGX	Panama City, FL	149
			WDFX	Dothan, AL	171
Scripps Media, Inc.		55	KXXV	Waco-Temple-Bryan, TX	82
			KRHD	Waco-Temple-Bryan, TX	82
			WTXL	Tallahassee, FL	109
TEGNA, Inc.		109	WTOL	Toledo, OH	80
			KWES	Odessa - Midland, TX	145
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]

	2019 Acquisitions
	Raycom			United		Sioux Falls			Charlottesville		Total
Cash	$	115		$	-	$	-		$	-	$	115
Accounts receivable, net		243			3		1			1		248
Program broadcast rights		12			-		-			-		12
Other current assets		10			-		-			-		10
Property and equipment		311			10		10			7		338
Operating lease right of use asset		52			-		-			-		52
Goodwill		829			3		2			-		834
Broadcast licenses		2,004			24		14			2		2,044
Other intangible assets		504			8		7			3		522
Other non-current assets		20			-		-			-		20
Accrued compensation and benefits		(29	)		-		-			-		(29	)
Program broadcast obligations		(16	)		-		-			-		(16	)
Other current liabilities		(60	)		-		(1	)		-		(61	)
Income taxes payable		(3	)		-		-			-		(3	)
Deferred income taxes		(472	)		-		-			-		(472	)
Operating lease liabilities		(52	)		-		-			-		(52	)
Other long-term liabilities		(25	)		-		-			-		(25	)
Total	$	3,443		$	48	$	33		$	13	$	3,537

	2017 Acquisitions
	Fairbanks		Media General			Clarksburg			Diversified		Vermont		Total
Current assets	$	-	$	1		$	1		$	-	$	-	$	2
Property and equipment		3		20			4			12		10		49
Goodwill		-		86			3			36		3		128
Broadcast licenses		2		150			17			26		8		203
Other intangible assets		3		13			2			11		5		34
Other non-current assets		-		1			-			-		3		4
Current liabilities		-		(1	)		(1	)		-		-		(2	)
Total	$	8	$	270		$	26		$	85	$	29	$	418

Business Combination, Separately Recognized Transactions [Table Text Block]

	Year Ended
	December 31,
	2019		2018
Transaction Related Expenses by type:
Legal, consulting and other professional fees	$	24	$	8
Incentive compensation and other severance costs		21		3
Termination of sales representation and other agreements		34		-
Total Transaction Related Expenses	$	79	$	11
Transaction Related Expenses by financial statement line item:
Operating expenses before depreciation, amortization and loss (gain) on disposal of assets, net:
Broadcast	$	45	$	3
Corporate and administrative		34		8
Total Transaction Related Expenses	$	79	$	11

Business Acquisition, Pro Forma Information [Table Text Block]

	Year Ended
	December 31,
	2019		2018
Revenue (less agency commissions)	$	2,139	$	2,212
Net income	$	241	$	286
Net income attributable to common stockholders	$	189	$	234
Basic net income per share	$	2.43	$	3.25
Diluted net income per share	$	2.41	$	3.21

	Years Ended
	December 31,
	2017
Revenue (less agency commissions)	$	895
Net income	$	261
Basic net income per share	$	3.57
Diluted net income per share	$	3.53