Revision of Previously Issued Consolidated Financial Statements (Tables)

12 Months Ended

Dec. 31, 2024

Revision of Previously Issued Consolidated Financial Statements

Schedule of prior period adjustments and impact on our Consolidated Financial Statements

	Three Months Ended March 31, 2024						Three Months Ended March 31, 2023
	(Unaudited)
	(in thousands)
	As Previously Reported on Form 10-Q		Digital Expense Reclassification		As Revised			As Previously Reported on Form 10-Q	Digital Expense Reclassification		As Revised
Net operating revenue	$	24,664	$	630	$	25,294	$	25,304	$	608	$	25,912
Station operating expenses		22,981		630		23,611		21,703		608		22,311
Corporate G&A		3,129		—		3,129		2,616		—		2,616
Other operating expense (income), net		971		—		971		80		—		80
Operating income (loss)		(2,417)		—		(2,417)		905		—		905

	Three Months Ended June 30, 2024						Three Months Ended June 30, 2023
	(Unaudited)
	(in thousands)
	As Previously Reported on Form 10-Q		Digital Expense Reclassification		As Revised			As Previously Reported on Form 10-Q	Digital Expense Reclassification		As Revised
Net operating revenue	$	28,742	$	974	$	29,716	$	29,175	$	792	$	29,967
Station operating expenses		23,544		974		24,518		22,407		792		23,199
Corporate G&A		3,049		—		3,049		2,472		—		2,472
Other operating expense (income), net		6		—		6		—		—		—
Operating income (loss)		2,143		—		2,143		4,296		—		4,296

	Six Months Ended June 30, 2024						Six Months Ended June 30, 2023
	(Unaudited)
	(in thousands)
	As Previously Reported on Form 10-Q		Digital Expense Reclassification		As Revised			As Previously Reported on Form 10-Q	Digital Expense Reclassification		As Revised
Net operating revenue	$	53,406	$	1,604	$	55,010	$	54,479	$	1,400	$	55,879
Station operating expenses		46,525		1,604		48,129		44,110		1,400		45,510
Corporate G&A		6,178		—		6,178		5,088		—		5,088
Other operating expense (income), net		977		—		977		80		—		80
Operating income (loss)		(274)		—		(274)		5,201		—		5,201

	Three Months Ended September 30, 2024						Three Months Ended September 30, 2023
	(Unaudited)
	(in thousands)
	As Previously Reported on Form 10-Q		Digital Expense Reclassification		As Revised			As Previously Reported on Form 10-Q	Digital Expense Reclassification		As Revised
Net operating revenue	$	28,118	$	576	$	28,694	$	29,149	$	707	$	29,856
Station operating expenses		23,458		576		24,034		22,760		707		23,467
Corporate G&A		2,966		—		2,966		2,852		—		2,852
Other operating expense (income), net		49		—		49		45		—		45
Operating income (loss)		1,645		—		1,645		3,492		—		3,492

	Nine Months Ended September 30, 2024						Nine Months Ended September 30, 2023
	(Unaudited)
	(in thousands)
	As Previously Reported on Form 10-Q		Digital Expense Reclassification		As Revised			As Previously Reported on Form 10-Q	Digital Expense Reclassification		As Revised
Net operating revenue	$	81,524	$	2,180	$	83,704	$	83,628	$	2,107	$	85,735
Station operating expenses		69,983		2,180		72,163		66,870		2,107		68,977
Corporate G&A		9,144		—		9,144		7,940		—		7,940
Other operating expense (income), net		1,026		—		1,026		125		—		125
Operating income (loss)		1,371		—		1,371		8,693		—		8,693

	Twelve Months Ended December 31, 2023
	(in thousands)
		As Previously Reported on Form 10-K	Digital Expense Reclassification		As Revised
Net operating revenue	$	112,773	$	2,731	$	115,504
Station operating expenses		90,199		2,731		92,930
Corporate G&A		10,966		—		10,966
Other operating expense (income), net		120		—		120
Operating income (loss)		11,488		—		11,488