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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 924 $ 4,270
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,456 2,475
Deferred income tax expense 75 415
Amortization of deferred costs 18 18
Compensation expense related to restricted stock awards 973 493
Loss on sale of assets, net 977 80
Other (gain), net (1,133) (119)
Barter (revenue) expense, net (32) (1)
Deferred and other compensation (82) (242)
Changes in assets and liabilities:    
Decrease in receivables and prepaid expenses (453) (1,643)
Increase in accounts payable, accrued expenses, and other liabilities 1,324 292
Total adjustments 4,123 1,768
Net cash provided by operating activities 5,047 6,038
Cash flows from investing activities:    
Purchase of short-term investments (10,817) (10,241)
Redemption of short-term investments 12,928 10,237
Acquisition of property and equipment (Capital Expenditures) (2,574) (2,637)
Acquisition of broadcast properties (5,705)  
Proceeds from sale and disposal of assets 175 616
Proceeds from other gains and losses 1,143  
Other investing activities 4 117
Net cash provided by (used in) investing activities (4,846) (1,908)
Cash flows from financing activities:    
Proceeds from long-term debt 5,000  
Cash dividends paid (19,391) (16,816)
Net cash used in financing activities (14,391) (16,816)
Net decrease in cash and cash equivalents (14,190) (12,686)
Cash and cash equivalents, beginning of period 29,582 36,802
Cash and cash equivalents, end of period $ 15,392 $ 24,116