Note 10 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

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

	Year Ended December 31,
	2023			2022			2021
Current:
Federal	$	73		$	148		$	74
State and local		12			31			26
Current income tax expense		85			179			100
Deferred:
Federal		(76	)		(21	)		(12	)
State and local		(15	)		1			(10	)
Deferred income tax benefit		(91	)		(20	)		(22	)
Total income tax (benefit) expense	$	(6	)	$	159		$	78

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

	December 31,
	2023			2022
Deferred tax liabilities:
Net book value of property and equipment	$	149		$	143
Broadcast licenses, goodwill and other intangible assets		1,338			1,363
Other		3			5
Total deferred tax liabilities		1,490			1,511
Deferred tax assets:
Liability for accrued bonus		13			11
State and local operating loss carryforwards		7			10
Interest expense limitation		88			17
Other		32			29
Total deferred tax assets		140			67
Valuation allowance for deferred tax assets		(9	)		(10	)
Net deferred tax assets		131			57
Deferred tax liabilities, net of deferred tax assets	$	1,359		$	1,454

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

	Year Ended December 31,
	2023			2022			2021
Statutory federal rate applied to income before income tax expense	$	(17	)	$	129		$	35
Current year permanent items		11			5			33
State and local taxes, net of federal tax benefit		(4	)		26			10
Change in valuation allowance		(1	)		-			-
Other items, net		5			(1	)		-
Income tax (benefit) expense as recorded	$	(6	)	$	159		$	78
Effective income tax rate		7	%		26	%		46	%

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

	Year Ended December 31,
	2023			2022		2021
Balance at beginning of period	$	15		$	15	$	14
Additions based on tax positions related to prior years		-			-		3
Statute expirations		(1	)		-		(2	)
Balance at end of period	$	14		$	15	$	15