Note 15 - Subsequent Events

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Subsequent Events [Text Block]

15. Subsequent Events

Atlanta Telemundo Transaction. On February 2, 2022, we entered into an agreement with Korean American Television Broadcasting Corporation, Capital Media Group, LLC and Surge Digital Media, LLC, to acquire all of the assets of television station WKTB-CD the Telemundo Network Group, LLC affiliate serving the Atlanta, Georgia market (DMA 10) for $30 million in cash, subject to certain adjustments (the “Atlanta Telemundo Transaction”). The completion of the Atlanta Telemundo Transaction is subject to the satisfaction or waiver of certain customary conditions including, among others, the receipt of approval from the FCC. We believe that the Atlanta Telemundo Transaction will be completed during the first or second quarter of 2022.