CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024	[1]
Current assets:
Cash and cash equivalents	$ 15,791	$ 18,860
Short-term investments	9,116	8,927
Accounts receivable, net	15,120	15,941
Prepaid expenses and other current assets	4,504	2,606
Barter transactions	1,005	752
Total current assets	45,536	47,086
Property and equipment	152,582	151,553
Less accumulated depreciation	101,363	99,646
Net property and equipment	51,219	51,907
Other assets:
Broadcast licenses	91,478	91,497
Goodwill	19,229	19,229
Other intangibles, right of use assets, deferred costs and investments, net	11,411	12,006
Total assets	218,873	221,725
Current liabilities:
Accounts payable	2,758	3,080
Accrued expenses:
Accrued payroll and payroll taxes	5,128	5,542
Other accrued expenses	7,573	7,006
Barter transactions	1,023	930
Total current liabilities	16,482	16,558
Deferred income taxes	25,967	26,007
Long-term debt	5,000	5,000
Other liabilities	7,744	8,238
Total liabilities	55,193	55,803
Commitments and contingencies (Note 11 and 14)
Shareholders' equity:
Common stock	82	82
Additional paid-in capital	74,747	74,334
Retained earnings	124,554	128,216
Treasury stock	(35,703)	(36,710)
Total shareholders' equity	163,680	165,922
Total liabilities and shareholders' equity	$ 218,873	$ 221,725

[1] The balance sheet as December 31, 2024 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.