Note 10 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

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

	Year Ended December 31,
	2025			2024			2023
Current:
Federal	$	27		$	106		$	73
State and local		1			20			12
Current income tax expense		28			126			85
Deferred:
Federal		(40	)		(6	)		(76	)
State and local		(16	)		(3	)		(15	)
Deferred income tax benefit		(56	)		(9	)		(91	)
Total income tax (benefit) expense	$	(28	)	$	117		$	(6	)

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

	December 31,
	2025			2024
Deferred tax liabilities:
Net book value of property and equipment	$	121		$	135
Broadcast licenses, goodwill and other intangible assets		1,336			1,340
ROU assets		17			18
Other		13			6
Total deferred tax liabilities		1,487			1,499
Deferred tax assets:
Liability for compensated absences		6			6
Liability for accrued bonus		11			12
Liability under self-insured plans		3			2
State and local operating loss carryforwards		12			11
Unearned income		2			4
Restricted stock		-			3
Lease liability		17			18
Investments		12			7
Interest expense limitation		117			76
Other comprehensive income		-			8
Other		14			12
Total deferred tax assets		194			159
Valuation allowance for deferred tax assets		(7	)		(7	)
Net deferred tax assets		187			152
Net deferred tax liabilities	$	1,300		$	1,347

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

	Year Ended December 31, 2025
Statutory federal rate applied to income before income tax expense	$	(24	)	21	%
Nondeductible expenses		3		(3	)%
Nondeductible compensation		8		(7	)%
Investments		(2	)	2	%
State and local taxes, net of federal tax benefit(1)		(11	)	10	%
Other items, net		(2	)	2	%
Income tax benefit as recorded	$	(28	)	25	%
Effective income tax rate				25	%

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

Income Taxes Paid [Table Text Block]

	December 31, 2025
U.S. federal income taxes, net	$	35
State and local income taxes, net		3
Total cash paid for income taxes	$	38

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

	Year Ended December 31,
	2025		2024			2023
Balance at beginning of period	$	-	$	14		$	15
Statute expirations		-		(14	)		(1	)
Balance at end of period	$	-	$	-		$	14