Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2025

Acquisitions and Dispositions

Schedule of the key assumptions used in the discounted cash flow analysis for the fair value of the FCC license

Discount rate	9.5	%
Operating profit margin ranges	27.5	%
Market long-term revenue growth rates	0.5	%

Schedule of recognized identified assets acquired and liabilities assumed

	Acquisitions in
	2024
	(In thousands)
Assets Acquired:
Current assets	$	534
Property and equipment		2,035
Other assets:
Broadcast licenses		2,150
Goodwill		76
Other intangibles, deferred costs and investments		1,044
Total other assets		3,270
Total assets acquired		5,839
Liabilities Assumed:
Current liabilities		128
Total liabilities assumed		128
Net assets acquired	$	5,711

Schedule of Business Acquisition, Pro Forma Information

	Year Ended
	December 31,
	2024
	(In thousands, except per share data)
Pro forma Consolidated Results of Operations
Net operating revenue	$	114,087
Station operating expense		92,750
Corporate general and administrative		12,398
Depreciation and amortization		5,512
Other operating (income) expense, net		1,048
Operating (loss) income		2,379
Interest expense		479
Interest income		(1,047)
Other income		(1,516)
(Loss) income before income tax expense		4,463
Income tax (benefit) expense
Current		1,200
Deferred		(119)
		1,081
Net (loss) income	$	3,382
(Loss) income per share:
Basic	$	0.54
Diluted	$	0.54