Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Summary of Significant Accounting Policies

Activity in the allowance for doubtful accounts

A provision for credit losses is recorded based on our judgment of the collectability of receivables. Amounts are written off when determined to be fully uncollectible. Delinquent accounts are based on contractual terms. The activity in the allowance for credit losses during the year ended December 31, 2024 and 2023 were as follows:

							Write Off of
	Balance		Charged to		Allowance		Uncollectible		Balance at
	at Beginning		Costs and		From		Accounts, Net of		End of
Year Ended	of Period		Expenses		Acquisitions		Recoveries		Period
	(in thousands)
December 31, 2024	$	618	$	983	$	18	$	(548)	$	1,071
December 31, 2023	$	519	$	397	$	—	$	(298)	$	618

Property and equipment

Property and equipment consisted of the following:

	Estimated		December 31,
	Useful Life		2024		2023
	(In thousands)
Land and land improvements		—	$	15,524	$	15,239
Buildings		31.5 years		41,292		40,460
Towers and antennae		7-15 years		27,969		27,145
Equipment		3-15 years		55,647		54,747
Furniture, fixtures and leasehold improvements		7-20 years		8,314		7,907
Vehicles		5 years		2,807		2,767
				151,553		148,265
Accumulated depreciation				(99,646)		(96,860)
Net property and equipment			$	51,907	$	51,405

Schedule of significant departmental expenses included in station operating expenses

	Years Ended December 31,
	2024		2023
	(In thousands, except per share data)
Programming and Technical	$	29,926	$	28,301
Station General and Administrative		28,080		27,636
Selling		23,472		23,042
Interactive		6,615		5,483
Other (1)		8,812		8,468
Station Operating Expense	$	96,905	$	92,930
(1) Other includes production and news departments, advertising and promotional expense and station depreciation and amortization.

Schedule of computation of basic and diluted earnings per share

The following table sets forth the computation of basic and diluted earnings per share:

	Years Ended December 31,
	2024		2023
	(In thousands, except per share data)
Numerator:
Net income	$	3,460	$	9,500
Less: Income allocated to unvested participating securities		111		149
Net income available to common shareholders	$	3,349	$	9,351
Denominator:
Denominator for basic earnings per share — weighted average shares		6,075		6,045
Effect of dilutive securities:
Common stock equivalents		—		—
Denominator for diluted earnings per share — adjusted weighted-average shares and assumed conversions		6,075		6,045
Earnings per share:
Basic	$	0.55	$	1.55
Diluted	$	0.55	$	1.55