Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 22,506,000	$ 18,860,000
Short-term investments	9,300,000	8,927,000
Accounts receivable, less allowance of $1,136 ($1,071 in 2024)	14,031,000	15,941,000
Prepaid expenses and other current assets	2,624,000	2,606,000
Barter transactions	707,000	752,000
Total current assets	49,168,000	47,086,000
Property and equipment	144,276,000	151,553,000
Less accumulated depreciation	97,863,000	99,646,000
Net property and equipment	46,413,000	51,907,000
Other assets:
Broadcast licenses	90,311,000	91,497,000
Goodwill	0	19,229,000
Operating right-of-use assets	10,253,000	6,938,000
Other intangibles, deferred costs and investments, net of accumulated amortization of $16,645 ($16,257 in 2024)	5,177,000	5,068,000
Total assets	201,322,000	221,725,000
Current liabilities:
Accounts payable	2,914,000	3,080,000
Accrued expenses:
Accrued payroll and payroll taxes	5,327,000	5,542,000
Other accrued expenses	7,123,000	7,006,000
Barter transactions	794,000	930,000
Total current liabilities	16,158,000	16,558,000
Deferred income taxes	21,927,000	26,007,000
Long-term debt	5,000,000	5,000,000
Other liabilities	6,757,000	8,238,000
Total liabilities	49,842,000	55,803,000
Commitments and contingencies (Note 10, 12 and 14)
Shareholders' equity:
Preferred stock, 1,500 shares authorized, none issued and outstanding
Additional paid-in capital	75,749,000	74,334,000
Retained earnings	113,884,000	128,216,000
Treasury stock (1,959 shares in 2025 and 1,764 shares in 2024, at cost)	(38,236,000)	(36,710,000)
Total shareholders' equity	151,480,000	165,922,000
Total liabilities and shareholders' equity	201,322,000	221,725,000
Class A Common Stock
Shareholders' equity:
Class A common stock, $.01 par value, 35,000 shares authorized, 8,304 issued (8,183 in 2024)	$ 83,000	$ 82,000