Note 10 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

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

	Year Ended December 31,
	2024			2023			2022
Current:
Federal	$	106		$	73		$	148
State and local		20			12			31
Current income tax expense		126			85			179
Deferred:
Federal		(6	)		(76	)		(21	)
State and local		(3	)		(15	)		1
Deferred income tax benefit		(9	)		(91	)		(20	)
Total income tax (benefit) expense	$	117		$	(6	)	$	159

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

	December 31,
	2024			2023
Deferred tax liabilities:
Net book value of property and equipment	$	135		$	149
Broadcast licenses, goodwill and other intangible assets		1,340			1,338
Other		6			3
Total deferred tax liabilities		1,481			1,490
Deferred tax assets:
Liability for compensated absences		6			6
Liability for accrued bonus		12			13
Liability under health and welfare plan		2			3
State and local operating loss carryforwards		11			7
Unearned income		4			2
Restricted stock		3			2
Investments		7			3
Interest expense limitation		76			88
Other comprehensive income		8			6
Other		12			10
Total deferred tax assets		141			140
Valuation allowance for deferred tax assets		(7	)		(9	)
Net deferred tax assets		134			131
	$	1,347		$	1,359

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

	Year Ended December 31,
	2024			2023			2022
Statutory federal rate applied to income before income tax expense	$	103		$	(17	)	$	129
Current year permanent items		6			11			5
State and local taxes, net of federal tax benefit		21			(4	)		26
Change in valuation allowance		(1	)		(1	)		-
Reserve for uncertain tax positions		(14	)		1			-
Other items, net		2			4			(1	)
Income tax (benefit) expense as recorded	$	117		$	(6	)	$	159
Effective income tax rate		24	%		7	%		26	%

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

	Year Ended December 31,
	2024			2023			2022
Balance at beginning of period	$	14		$	15		$	15
Statute expirations		(14	)		(1	)		-
Balance at end of period	$	-		$	14		$	15