Note 3 - Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

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

Accounts receivable, net	$	1
Property and equipment		1
Goodwill		10
Broadcast licenses		1
Network affiliation		14
Other intangible assets		4
Total	$	31

	Meredith			Quincy			Third Rail			Total
Cash	$	1		$	4		$	-		$	5
Accounts receivable, net		146			23			-			169
Other current assets		15			5			-			20
Property and equipment		235			74			24			333
Operating lease right of use asset		15			1			-			16
Goodwill		1,016			190			4			1,210
Broadcast licenses		1,516			245			-			1,761
Other intangible assets		455			85			-			540
Other non-current assets		3			-			-			3
Other current liabilities		(104	)		(7	)		(1	)		(112	)
Deferred income taxes		(477	)		(66	)		-			(543	)
Operating lease liabilities		(15	)		(1	)		-			(16	)
Other non-current liabilities		(3	)		-			-			(3	)
Total	$	2,803		$	553		$	27		$	3,383

	2020 Acquisitions
	Lubbock			Alaska		Columbus		Sioux Falls		Total
Accounts receivable and other current assets	$	-		$	1	$	-	$	-	$	1
Property and equipment		6			5		2		-		13
Operating lease right of use asset		1			-		-		-		1
Goodwill		6			2		1		11		20
Broadcast licenses		5			2		-		-		7
Other intangible assets		7			9		19		11		46
Other current liabilities		(1	)		-		-		-		(1	)
Total	$	24		$	19	$	22	$	22	$	87

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

Adjusted purchase price	$	936
Less - consideration allocated to assets acquired and liabilities assumed for the Quincy overlap markets that were divested on August 2, 2021		383
Purchase consideration for assets acquired and liabilities assumed, net of divestitures	$	553

Business Combination, Separately Recognized Transactions [Table Text Block]

	Year Ended
	December 31,
	2021
Transaction Related Expenses by type:
Legal, consulting and other professional fees	$	80
Termination of sales representation and other agreements		1
Total Transaction Related Expenses	$	81
Transaction Related Expenses by financial statement line item:
Operating expenses before depreciation, amortization and loss (gain) on disposal of assets, net:
Broadcasting	$	3
Corporate and administrative		71
Miscellaneous Expense		7
Total Transaction Related Expenses	$	81

Business Acquisition, Pro Forma Information [Table Text Block]

	Year Ended
	December 31,
	2021
Revenue (less agency commissions)	$	3,153
Net income	$	199
Net income attributable to common stockholders	$	147
Basic net income attributable to common stockholders, per share	$	1.55
Diluted net income attributable to common stockholders, per share	$	1.55