Acquisitions and Dispositions (Tables)

3 Months Ended

Mar. 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
	2025		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

	Three Months Ended
	2025		2024
	(In thousands, except per share data)
Pro forma Consolidated Results of Operations
Net operating revenue	$	24,212	$	25,922
Station operating expense		21,963		22,987
Corporate general and administrative		3,167		3,083
Depreciation and amortization		1,326		1,335
Other operating expense (income), net		54		971
Operating loss		(2,298)		(2,454)
Interest expense		107		122
Interest income		(222)		(303)
Other income, net		(23)		—
Loss before income tax expense		(2,160)		(2,273)
Income tax (benefit) expense
Current		(670)		(541)
Deferred		85		(78)
		(585)		(619)
Net loss	$	(1,575)	$	(1,654)
Loss per share:
Basic	$	(0.25)	$	(0.26)
Diluted	$	(0.25)	$	(0.26)