Note 10 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Year Ended December 31,
	2022			2021			2020
Current:
Federal	$	148		$	74		$	39
State and local		31			26			20
Current income tax expense		179			100			59
Deferred:
Federal		(21	)		(12	)		64
State and local		1			(10	)		11
Deferred income tax (benefit) expense		(20	)		(22	)		75
Total income tax expense	$	159		$	78		$	134

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	December 31,
	2022			2021
Deferred tax liabilities:
Net book value of property and equipment	$	143		$	146
Broadcast licenses, goodwill and other intangible assets		1,363			1,373
Other		5			-
Total deferred tax liabilities		1,511			1,519
Deferred tax assets:
Liability for accrued bonus		11			9
State and local operating loss carryforwards		10			24
Interest expense limitation		17			4
Other		29			33
Total deferred tax assets		67			70
Valuation allowance for deferred tax assets		(10	)		(22	)
Net deferred tax assets		57			48
Deferred tax liabilities, net of deferred tax assets	$	1,454		$	1,471

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Year Ended December 31,
	2022			2021			2020
Statutory federal rate applied to income before income tax expense	$	129		$	35		$	114
Current year permanent items		5			33			3
State and local taxes, net of federal tax benefit		26			10			27
Change in valuation allowance		-			-			1
Net operating loss carryback		-			-			(7	)
Other items, net		(1	)		-			(4	)
Income tax expense as recorded	$	159		$	78		$	134
Effective income tax rate		26	%		46	%		25	%

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	Year Ended December 31,
	2022		2021			2020
Balance at beginning of period	$	15	$	14		$	14
Additions based on tax positions related to prior years		-		3			-
Statute expirations		-		(2	)		-
Balance at end of period	$	15	$	15		$	14