Beasley Broadcast (BBGI) 10-K 23 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 13, 2017	Jun. 30, 2016
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Trading Symbol	BBGI
Entity Registrant Name	BEASLEY BROADCAST GROUP INC
Entity Central Index Key	1,099,160
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Public Float, Class A Common Stock			$ 19,478,083
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		12,166,917
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		16,662,743

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 20,325,415	$ 14,318,494
Accounts receivable, less allowance for doubtful accounts of $596,380 in 2015 and $1,537,353 in 2016	48,186,463	19,847,536
Prepaid expenses	4,909,799	1,896,491
Merger consideration receivable	7,877,577
Beneficial interest in trust	19,947,261
Other current assets	2,172,892	1,017,059
Total current assets	103,419,407	37,079,580
Restricted cash		743,195
Property and equipment, net	60,166,812	24,472,454
FCC broadcasting licenses	476,571,140	228,554,165
Goodwill	3,393,234	3,393,234
Other intangibles, net	535,582	544,238
Assets held for sale	11,320,286	11,159,588
Other assets	6,263,587	5,455,441
Total assets	661,670,048	311,401,895
Current liabilities:
Current installments of long-term debt	6,686,077	1,484,048
Accounts payable	6,087,436	1,827,003
Other current liabilities	21,173,419	7,588,106
Total current liabilities	33,946,932	10,899,157
Due to related parties	855,753	952,465
Long-term debt, net of current installments and unamortized debt issuance costs	247,692,171	86,461,778
Deferred tax liabilities	160,539,268	77,739,201
Other long-term liabilities	16,144,301	1,812,219
Total liabilities	459,178,425	177,864,820
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued
Additional paid-in capital	146,339,925	119,495,619
Treasury stock, Class A common stock; 2,882,179 shares in 2015; 2,937,987 shares in 2016	(15,560,021)	(15,361,869)
Retained earnings	72,401,766	29,302,054
Accumulated other comprehensive income (loss)	(721,822)	75,159
Total stockholders' equity	202,491,623	133,537,075
Total liabilities and stockholders' equity	661,670,048	311,401,895
Class A Common Stock [Member]
Stockholders' equity:
Common stock	15,113	9,450
Class B Common Stock [Member]
Stockholders' equity:
Common stock	$ 16,662	$ 16,662

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Allowance for doubtful accounts	$ 1,537,353	$ 596,380
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Treasury stock, Class A common stock shares	2,937,987	2,882,179
Class A Common Stock [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	15,112,529	9,449,956
Common stock, shares outstanding	12,174,542	6,567,777
Class B Common Stock [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	16,662,743	16,662,743
Common stock, shares outstanding	16,662,743	16,662,743

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Statement [Abstract]
Net revenue	$ 136,665,344	$ 105,946,670
Operating expenses:
Station operating expenses (including stock-based compensation of $110,781 in 2015 and $112,327 in 2016 and excluding depreciation and amortization shown separately below)	96,705,989	75,609,147
Corporate general and administrative expenses (including stock-based compensation of $1,002,110 in 2015 and $697,044 in 2016)	10,303,503	8,983,860
Merger and exchange expenses	6,381,198	349,917
Depreciation and amortization	6,232,572	3,834,992
Impairment loss		3,520,933
Gain on merger	(45,547,460)
Total operating expenses	74,075,802	92,298,849
Operating income	62,589,542	13,647,821
Non-operating income (expense):
Interest expense	(6,597,738)	(3,967,794)
Loss on modification of long-term debt	(769,819)	(558,856)
Other income (expense), net	564,230	881,938
Income before income taxes	55,786,215	10,003,109
Income tax expense	8,297,802	3,640,787
Net income	47,488,413	6,362,322
Other comprehensive income:
Unrealized gains (losses) on securities (net of income tax expense of $32,494 in 2015 and income tax benefit of $23,214 in 2016)	(39,983)	53,226
Unrecognized actuarial losses on postretirement plans (net of income tax benefit of $491,248 in 2016)	(756,998)
Comprehensive income	$ 46,691,432	$ 6,415,548
Net income per Class A and B common share:
Basic	$ 2	$ 0.28
Diluted	1.98	0.28
Dividends declared per common share	$ 0.18	$ 0.18
Weighted average shares outstanding:
Basic	23,787,485	22,911,727
Diluted	23,950,958	23,025,720

Consolidated Statements of Com5

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Stock-based compensation	$ 809,371	$ 1,112,891
Unrealized gains (losses) on securities, income tax expense (benefit)	23,214	32,494
Unrecognized actuarial losses on postretirement plans, income tax expense	491,248
Station Operating Expenses [Member]
Stock-based compensation	112,327	110,781
Corporate General and Administrative Expenses [Member]
Stock-based compensation	$ 697,044	$ 1,002,110

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity - USD ($)	Total	Common Stock [Member]Class A Common Stock [Member]	Common Stock [Member]Class B Common Stock [Member]	Additional Paid In Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning Balance at Dec. 31, 2003	$ 130,542,288	$ 9,276	$ 16,662	$ 118,535,400	$ (15,107,464)	$ 27,066,481	$ 21,933
Beginning Balance, shares at Dec. 31, 2003		9,275,746	16,662,743		(2,830,904)
Stock-based compensation	1,112,891	$ 174		1,112,717
Stock-based compensation, shares		174,210
Adjustment from related party acquisition	(1,462)			(1,462)
Tax shortfall from vesting of restricted stock	(151,036)			(151,036)
Purchase of treasury stock	(254,405)				$ (254,405)
Purchase of treasury stock, shares					(51,275)
Net income	6,362,322					6,362,322
Cash dividends, $0.18 per common share	(4,126,749)					(4,126,749)
Other comprehensive income (loss)	53,226						53,226
Ending Balance at Dec. 31, 2015	133,537,075	$ 9,450	$ 16,662	119,495,619	$ (15,361,869)	29,302,054	75,159
Ending Balance, shares at Dec. 31, 2015		9,449,956	16,662,743		(2,882,179)
Issuance of common stock	26,030,366	$ 5,423		26,024,943
Issuance of common stock, shares		5,422,993
Stock-based compensation	809,371	$ 240		809,131
Stock-based compensation, shares		239,580
Adjustment from related party acquisition	10,232			10,232
Purchase of treasury stock	$ (198,152)				$ (198,152)
Purchase of treasury stock, shares	(55,808)				(55,808)
Net income	$ 47,488,413					47,488,413
Cash dividends, $0.18 per common share	(4,388,701)					(4,388,701)
Other comprehensive income (loss)	(796,981)						(796,981)
Ending Balance at Dec. 31, 2016	$ 202,491,623	$ 15,113	$ 16,662	$ 146,339,925	$ (15,560,021)	$ 72,401,766	$ (721,822)
Ending Balance, shares at Dec. 31, 2016		15,112,529	16,662,743		(2,937,987)

Consolidated Statement of Shar7

Consolidated Statement of Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended	144 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash dividends, per common share	$ 0.18	$ 0.18
Retained Earnings [Member]
Cash dividends, per common share	$ 0.18	$ 0.18

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended	12 Months Ended		144 Months Ended
	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2015
Cash flows from operating activities:
Net income		$ 47,488,413	$ 6,362,322	$ 6,362,322
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation		809,371	1,112,891
Provision for bad debts		2,061,553	695,246
Depreciation and amortization		6,232,572	3,834,992
Impairment loss			3,520,933
Gain on merger		(45,547,460)
Amortization of loan fees		670,369	339,924
Loss on modification of long-term debt	$ 800,000	769,819	558,856
Deferred income taxes		5,963,207	2,014,468
Change in operating assets and liabilities, net of acquisition:
Accounts receivable		(510,803)	(2,905,096)
Prepaid expenses		(1,302,384)	(1,259,939)
Other assets		(458,055)	1,327,158
Accounts payable		3,831,391	706,569
Other liabilities		(2,767,609)	(2,433,033)
Other operating activities		(89,284)	496,464
Net cash provided by operating activities		17,151,100	14,371,755
Cash flows from investing activities:
Change in restricted cash		743,195	(743,195)
Acquisition, net of cash acquired		(86,760,198)
Capital expenditures		(2,940,757)	(2,129,084)
Proceeds from sales of radio towers			1,737,500
Payments for translator licenses		(495,075)	(391,175)
Payments for investments		(166,667)	(166,667)
Repayment of notes receivable from related parties			1,748,092
Net cash provided by (used in) investing activities		(89,619,502)	55,471
Cash flows from financing activities:
Issuance of debt		187,300,000	806,250
Payments on debt		(90,536,160)	(9,500,000)
Payments of debt issuance costs		(13,949,501)	(1,147,178)
Tax shortfall from vesting of restricted stock			(151,036)
Dividends paid		(4,140,864)	(4,121,804)
Purchase of treasury stock		(198,152)	(254,405)
Net cash provided by (used in) financing activities		78,475,323	(14,368,173)
Net increase in cash and cash equivalents		6,006,921	59,053
Cash and cash equivalents at beginning of period		14,318,494	14,259,441
Cash and cash equivalents at end of period	20,325,415	20,325,415	14,318,494	14,318,494
Cash paid for interest		5,849,271	3,601,812
Cash paid for income taxes		2,651,400	5,166,327
Supplement disclosure of non-cash investing and financing activities:
Property and equipment acquired through placement of advertising airtime		43,679	154,998
Property and equipment acquired through capital leases			750,216
Dividends declared but unpaid	$ 1,280,410	$ 1,280,410	$ 1,032,573	$ 1,032,573
Common stock issued for acquisition		26,030,366

Nature of Business

Nature of Business	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	(1) Nature of Business Beasley Broadcast Group, Inc. (the “Company”) is a radio broadcasting company operating one reportable business segment whose primary business is operating radio stations throughout the United States. After completion of the sale of its Greenville-New

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	(2) Summary of Significant Accounting Policies Principles of Consolidation The financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America and include the accounts of the Company and its wholly-owned subsidiaries. All significant inter-company transactions and balances have been eliminated. Use of Estimates Preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the period. Such estimates include (i) fair values used for testing FCC broadcasting licenses and goodwill for impairment; (ii) future cash flows used for testing recoverability of property and equipment; (iii) the amount of allowance for doubtful accounts; (iv) the realization of deferred tax assets, and (v) actuarial assumptions related to the pension plan, SERP and other postretirement benefits. Actual results and outcomes may differ from management’s estimates and assumptions. Cash and Cash Equivalents All short-term investments with an original maturity of three months or less are considered to be cash equivalents. Accounts Receivable Accounts receivable consist primarily of uncollected amounts due from advertisers for the sale of advertising airtime. The amounts are net of advertising agency commissions and an allowance for doubtful accounts. The allowance for doubtful accounts reflects management’s estimate of probable losses in accounts receivable. Management determines the allowance based on historical information, relative improvements or deteriorations in the age of the accounts receivable and changes in current economic conditions. Interest is not accrued on accounts receivable. Property and Equipment Property and equipment is recorded at fair value in a business combination or otherwise at cost and depreciated using the straight-line method over the estimated useful life of the asset. If an event or change in circumstances were to indicate that the carrying amount of property and equipment is not recoverable, the carrying amount will be reduced to the estimated fair value. Repairs and maintenance are charged to expense as incurred. FCC Broadcasting Licenses FCC broadcasting licenses, including translator licenses, are generally granted for renewable terms of eight years. Renewal costs are generally minor and expensed as incurred. Licenses are tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the Company’s licenses might be impaired. The Company assesses qualitative factors to determine whether it is more likely than not that its licenses are impaired. If the Company determines it is more likely than not that its licenses are impaired then the Company is required to perform the quantitative impairment test. The quantitative impairment test compares the fair value of the Company’s licenses with their carrying amounts. If the carrying amounts of the licenses exceed their fair value, an impairment loss is recognized in an amount equal to that excess. For the purpose of testing its licenses for impairment, the Company combines its licenses into reporting units based on its market clusters. See Note 6 for changes in the carrying amount of FCC broadcasting licenses for the years ended December 31, 2015 and 2016. The weighted-average period before the next renewal of the Company’s FCC broadcasting licenses is 3.9 years. Goodwill Goodwill is tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the Company’s goodwill might be impaired. The Company assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If the Company determines it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then it is required to perform the first step of a two-step two-step Other Intangibles Other intangibles include acquired advertising contracts and advertiser relationships and are amortized over their respective estimated useful lives. If an event or change in circumstances were to indicate that the carrying amount of other intangibles is not recoverable, the carrying amount will be reduced to the estimated fair value. Investments Other assets include noncontrolling interests in Digital PowerRadio, LLC (now LN2 DB, LLC) and Quu, Inc. which are accounted for under the cost method of accounting. Under the cost method of accounting, investments are carried at cost and only adjusted for distributions received in excess of earnings and other-than-temporary declines in fair value. The Company evaluates the investments on a quarterly basis and recognizes an impairment loss if a decline in value is determined to be other-than-temporary. Such impairment evaluations include the current business environment, the investee’s competition, and the investee’s ability to obtain additional financing to achieve its business plan. If the Company has not identified events or changes in circumstances that may have a significant adverse effect on the fair value of the investment, then the fair value of the investments are not estimated, as it is impracticable to do so. As of December 31, 2015 and 2016, the carrying value of the investment in LN2 DB, LLC is $0.8 million and $1.0 million, respectively, and the carrying value of the investment in Quu, Inc. is $0.9 million. Debt Issuance Costs Debt issuance costs are capitalized and amortized over the life of the related debt as interest expense on a straight-line basis which approximates the effective interest method. Unamortized debt issuance costs are reported as a direct deduction from the carrying amount of the related debt. Defined Benefit Plan and Other Postretirement Benefits The costs and liabilities of the defined benefit plan and other postretirement benefits are determined using actuarial valuations. An actuarial valuation involves making various assumptions that include the discount rate, rate of return on plan assets, and mortality rates. The discount rate is based on matching the cash flows of the plan to the spot rates in the Citigroup Pension Discount Curve and the result is then rounded to the nearest five basis points. The long-term rate of return on plan assets was selected based on input from the investment advisor and publicly available survey information on expected returns by asset class. The mortality assumptions are based on the mortality tables and mortality improvement scales which are selected based on the most recent study of the Society of Actuaries. The pension plan and SERP are both frozen so future employment does not change the benefit amounts. The postretirement medical and life insurance benefits are not impacted by the healthcare cost trend assumption because the reimbursements to retirees are fixed amounts. Actual results will differ from results which are estimated based on assumptions. Treasury Stock Treasury stock is accounted for using the cost method whereby the entire cost of the acquired stock is recorded as treasury stock. Revenue Revenue from the sale of advertising airtime is recognized when commercials are broadcast and collection is reasonably assured. Revenues are reported net of advertising agency commissions, generally 15% of gross revenue, in the financial statements. An estimated allowance is recorded for uncollectible accounts. Payments received before commercials are broadcast are recorded as deferred revenue. Trade sales are recorded at the estimated fair value of the goods or services received. Revenue from trade sales is recognized when commercials are broadcast. Goods or services are recorded when received. If commercials are broadcast before the goods or services are received then a trade sales receivable is recorded. If goods or services are received before the broadcast of commercials then a trade sales payable is recorded. Trade sales revenue was $3.7 million and $5.3 million for the years ended December 31, 2015 and 2016, respectively. Trade sales expenses were $4.0 million and $5.1 million for the years ended December 31, 2015 and 2016, respectively. Stock-Based Compensation The Company measures the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. The cost is recognized in earnings over the period during which an employee is required to provide service. No compensation cost is recognized for equity instruments for which employees do not render the requisite services. Income Taxes The Company recorded income taxes under the liability method. Deferred tax assets and liabilities are recognized for all temporary differences between tax and financial reporting bases of the Company’s assets and liabilities using enacted tax rates applicable to the periods in which the differences are expected to affect taxable income. Tax benefits from an uncertain tax position are only recognized if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate resolution. Interest and penalties related to unrecognized tax benefits are recorded as incurred as a component of income tax expense. Comprehensive Income Comprehensive income consists of net income and other gains and losses affecting stockholders’ equity that, under accounting principles generally accepted in the United States of America are excluded from net income, including unrealized gains (losses) on available-for-sale Earnings per Share Basic net income per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Common shares outstanding include shares of both Class A and Class B common stock, which have equal rights and privileges except with respect to voting. Diluted net income per share reflect the potential dilution that could occur if stock options, restricted stock or other contracts to issue common stock were exercised or converted into common stock and were not anti-dilutive. Concentrations of Risk Certain cash deposits with financial institutions may at times exceed FDIC insurance limits. The radio stations located in Tampa-Saint Petersburg, FL and Charlotte, NC contributed 49.7% and 43.5% of the Company’s net revenue in 2015 and 2016, respectively. Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs are based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company’s own assumptions based on the best information available in the circumstances. The fair value hierarchy prioritizes the inputs used to measure fair value into three broad levels. The three levels of the fair value hierarchy are defined as follows: Level 1 – Inputs are quoted prices in active markets for identical assets or liabilities as of the reporting date. Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, as of the reporting date. Level 3 – Unobservable inputs for the asset or liability that reflect management’s own assumptions about the assumptions that market participants would use in pricing the asset or liability as of the reporting date. Recent Accounting Pronouncements In January 2017, the Financial Accounting Standards Board (“FASB”) issued guidance to simplify goodwill impairment testing by eliminating step two from the goodwill impairment test. Under the new guidance, an entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. Under the new guidance an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The new guidance is effective for fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed after January 1, 2017. The Company continues to review the new guidance, but its preliminary assessment, which is subject to change, is that the new guidance will not result in a significant impact on its financial statements. In August 2016, the FASB issued guidance to reduce diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The new guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years, with early adoption permitted. The Company is currently in the process of reviewing the new guidance, but its preliminary assessment, which is subject to change, is that the new guidance will not result in a significant impact on its financial statements. In March 2016, the FASB issued guidance to improve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The new guidance is effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. The Company adopted the new guidance in the first quarter of 2017 with no material impact on its financial statements. In February 2016, the FASB issued guidance to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use In January 2016, the FASB issued guidance that changes how entities measure equity investments and present changes in the fair value of financial liabilities. The new guidance requires entities to measure equity investments that do not result in consolidation and are not accounted under the equity method at fair value and recognize any changes in fair value in net income unless the investments qualify for the new practicality exception. A practicality exception will apply to those equity investments that do not have a readily determinable fair value and do not qualify for the practical expedient to estimate fair value, and as such, these investments may be measured at cost. The new guidance is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company continues to review the new guidance, but its preliminary assessment, which is subject to change, is that the new guidance will not result in a significant impact on its financial statements. In September 2015, the FASB issued guidance that modified accounting for business combinations to reflect measurement period adjustments to be recorded prospectively rather than retroactively to the assets and liabilities initially recorded under purchase price accounting. The guidance, which was effective as of January 1, 2016, did not have a material impact on the Company’s financial statements, but could have an impact in a future period when an adjustment is recorded for a previously reported business combination. In May 2014, the FASB issued guidance to clarify the principles for recognizing revenue. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides a comprehensive framework for revenue recognition that supersedes current general revenue guidance and most industry-specific guidance. In addition, the guidance requires improved disclosures to help users of financial statements better understand the nature, amount, timing, and uncertainty of revenue that is recognized. In 2016, the FASB issued several updates to address implementation issues and to clarify guidance for principal versus agent considerations and identifying performance obligations and licensing. An entity should apply the guidance either retrospectively to each prior reporting period presented or retrospectively with the cumulative adjustment at the date of the initial application. In August 2015, the FASB delayed the effective date of the new guidance to annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is now permitted after the original effective date of December 15, 2016. The Company plans to adopt the new guidance on January 1, 2018. The Company continues to review the impact of the new guidance on its revenue streams and its initial assessment is that the new guidance will not result in a significant impact on its financial statements. The Company preliminarily plans to adopt the new guidance using the retrospective application method.

Acquisitions and Dispositions

Acquisitions and Dispositions	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Acquisitions and Dispositions	(3) Acquisitions and Dispositions Greater Media Merger On November 1, 2016, (the “Acquisition Date”), the Company completed the acquisition of Greater Media, Inc. (“Greater Media”), pursuant to that certain merger agreement, dated as of July 19, 2016 by and among the Company, Greater Media, Beasley Media Group 2, Inc., an indirect wholly-owned subsidiary of the Company (“Merger Sub”), and Peter A. Bordes, Jr., as the Stockholders’ Representative (the “Merger Agreement”). On the Acquisition Date, Merger Sub was merged with and into Greater Media, with Greater Media surviving the merger as an indirect wholly-owned subsidiary of the Company (the “Merger”). As a result of the Merger, the Company added 21 radio stations in the Boston, MA, Detroit, MI, Charlotte, NC, Middlesex, NJ, Monmouth, NJ, Morristown, NJ and Philadelphia, PA markets. However, in order to comply with the FCC’s rules, the Charlotte radio stations, WBT-AM, WBT-FM, WLNK-FM Pursuant to the terms of the Merger Agreement, at the effective time of the Merger, the Company acquired all of the issued and outstanding common stock of Greater Media for an aggregate purchase price of $239,875,000, subject to a purchase price adjustment related to the sale of Greater Media’s tower assets and other customary post-closing purchase price adjustments and inclusive of the repayment of $82.2 million of Greater Media’s outstanding debt and the payment of certain transaction expenses. The proceeds paid to the stockholders of Greater Media consisted of (i) $94.4 million in cash and (ii) $25.0 million in shares of the Company’s Class A common stock, which equaled 5,422,993 shares at a fixed value of $4.61 per share (the “Merger Shares”). The 5,422,993 shares of Class A common stock were recorded at a fair value of $4.80 per share or $26.0 million on the Acquisition Date. The Merger consideration is subject to adjustment for changes in working capital of Greater Media, outstanding debt of Greater Media and its subsidiaries as of the date of the closing and certain other payments and expenses. Additional Merger Shares may be issued in connection with such adjustment. In addition, the stockholders of Greater Media will receive the net cash proceeds from the sale of Greater Media’s tower assets, originally estimated to be approximately $24.0 million. Merger expenses of $6.4 million are reported on a separate line in the consolidated statement of comprehensive income for the year ended December 31, 2016. The acquisition was accounted for as a business combination. The preliminary purchase price allocations are based on a preliminary valuation of assets and liabilities and the estimates and assumptions are subject to change as the Company obtains additional information during the measurement period, which may be up to one year from the Acquisition Date. The Company has engaged a third party to evaluate certain net operating loss carryforwards related to Greater Media, Inc. and several of its subsidiaries to determine the amount of net operating loss carryforwards that may be utilized by the Company in future tax returns. These evaluations have not been finalized therefore an estimate of $3.6 million for net operating loss carryforwards has been included in the preliminary purchase price. The accounting for this item is preliminary and will be adjusted once finalized during the measurement period. On the Acquisition Date, in accordance with the Merger Agreement, the Company placed 867,679 shares of Class A common stock with a fair value of $4.2 million in escrow. Some or all of these shares could be released to Greater Media based upon a working capital adjustment which may not be finalized until the second quarter of 2017. The Company’s estimate of the working capital adjustment as of the Acquisition Date, results in 189,915 shares of Class A common stock being released to Greater Media. The unreleased shares in escrow will be canceled by the Company. The forfeited shares are not indexed to the Company’s stock therefore are adjusted to fair value based on the Company’s closing stock price on each reporting date with changes in fair value recorded in earnings. The estimated number of shares to be released to Greater Media have a fair value of $0.9 million as of the Acquisition Date and have been included in the preliminary purchase price. The estimated number of shares to be forfeited have a fair value of $3.3 million as of the Acquisition Date and have been reported as a merger consideration receivable in the accompanying consolidated balance sheet. As of December 31, 2016, the Company reassessed the fair value of the estimated number of shares to be forfeited and recorded additional consideration of $0.9 million in the gain on merger. The final purchase price will include the fair value of the forfeited shares as of the settlement date of the working capital adjustment. The accounting for this item is preliminary and will be adjusted once finalized during the measurement period. In accordance with the Merger Agreement, the purchase price will be adjusted by certain proceeds from the sale of Greater Media’s towers assets. Based on the proceeds from the tower sale, the former stockholders of Greater Media will return a certain number of shares of Class A common stock that will be canceled by the Company. The Company has accounted for this arrangement as contingent consideration subject to the ultimate sale of the tower assets. As of the Acquisition Date, the Company estimated the sales price of the towers to be $28.0 million which resulted in the expected return of 650,759 shares. As of the Acquisition Date, the estimated number of shares to be returned had a fair value of $3.4 million based on a stock price of $5.16 and have been reported as a merger consideration receivable in the accompanying consolidated balance sheet. On February 27, 2017, the former stockholders of Greater Media entered into an asset purchase agreement to sell the towers for $28.0 million. As of December 31, 2016, the estimated number of shares to be returned had a fair value of $3.7 million based on a stock price of $5.70 and the Company recorded additional consideration of $0.4 million in the gain on merger for the change in fair value of the contingent consideration. The number of returned shares may be revised due to a change in the estimated net proceeds from the tower sale. The accounting for this item is preliminary and will be adjusted once finalized during the measurement period. The following table summarizes the preliminary purchase price allocation as of the Acquisition Date: Cash and cash equivalents $ 7,683,950 Accounts receivable 29,889,677 Prepaid expenses 1,710,924 Other current assets 541,460 Property and equipment 40,642,648 FCC broadcasting licenses 263,260,200 Other intangibles, net 2,790,524 Other assets 676,632 Accounts payable (429,042 ) Other current liabilities (16,685,309 ) Long-term debt (82,177,895 ) Deferred tax liabilities (76,050,112 ) Other long-term liabilities (13,709,261 ) Net assets acquired 158,144,396 Gain on merger (44,281,066 ) Preliminary purchase price $ 113,863,330 The following table summarizes the components of the preliminary purchase price: Cash $ 94,444,148 Stock issued 21,865,506 Estimated tower sale adjustment (3,357,916 ) Stock issued in escrow 4,164,859 Estimated working capital adjustment (3,253,267 ) Preliminary purchase price $ 113,863,330 The changes in the gain on merger for the period ended December 31, are as follows: Gain as of November 1, 2016 $ 44,281,066 Estimated tower sale adjustment 351,410 Estimated working capital adjustment 914,984 Gain as of December 31, 2016 $ 45,547,460 The contractual amount of accounts receivable totaled $31.0 million as of the Acquisition Date. The fair value of the property and equipment acquired in the Merger was estimated using cost and market approaches. Property and equipment for which there are comparable current replacements available, such as radio towers, antenna systems, transmitter equipment, and studio equipment, were valued on the basis of a cost approach. The cost approach allowed for factors such as physical depreciation as well as functional and economic obsolescence. Property and equipment for which an active used market exists, including property for which there is no longer comparable current replacements available but for which there remains an active used market, such as furniture, computer equipment, and vehicles, were valued using a market approach. The market approach is based on the selling prices of similar assets on the used market. As few sales reflect identical assets, the selling prices of similar assets was utilized with adjustments made for any differences such as age, condition, and options. The fair value of the FCC broadcasting licenses acquired in the Merger was estimated using an income approach. The income approach measures the expected economic benefits the licenses provide and discounts these future benefits using discounted cash flow analyses. The discounted cash flow analyses assume that each license is held by a hypothetical start-up start-up Revenue growth rates 0.3% -1.3% Market revenue shares at maturity 12.6% -48.0% Operating income margins at maturity 15.0% -31.3% Discount rate 9% Other intangibles are amortized over their respective estimated useful lives and include acquired advertising contracts of $2.4 million with an estimated useful life of 2 months and advertiser relationships of $0.3 million with an estimated useful life of 6 years. The fair value of the pension plan liability is based on certain key assumptions. The discount rate is based on matching the cash flows of the plan to the spot rates in the Citigroup Pension Discount Curve and the result is then rounded to the nearest five basis points. The long-term rate of return on plan assets was selected based on input from the investment advisor and publicly available survey information on expected returns by asset class. The mortality assumptions are based on the RP-2014 MP-2014 MP-2016 The fair value of the SERP liability is based on certain key assumptions. The discount rate is based on matching the cash flows of the plan to the spot rates in the Citigroup Pension Discount Curve and the result is then rounded to the nearest five basis points. The mortality assumptions are based on the RP-2014 MP-2014 MP-2016 The fair value of the postretirement medical and life insurance benefits liability is based on certain key assumptions. The discount rate is based on matching the cash flows of the plan to the spot rates in the Citigroup Pension Discount Curve and the result is then rounded to the nearest five basis points. The mortality assumptions are based on the RP-2014 MP-2014 MP-2016 The gain on merger is primarily a result of a relatively limited market for the sale of the seller’s business and the Company being best positioned in that market to finance and complete the acquisition within the seller’s timeframe. The gain of $45.5 million is reported on a separate line in the consolidated statement of comprehensive income for the year ended December 31, 2016. Net revenue of $22.7 million and station operating expenses of $17.1 million from the acquired radio station has been included in the Company’s results of operations since the Acquisition Date. The following unaudited pro forma information assumes that the merger had occurred on January 1, 2015. The significant pro forma adjustments are depreciation and interest expense. The unaudited pro forma information excludes the stations held in trust that were sold on January 6, 2017. This unaudited pro forma information has been prepared based on estimates and assumptions, which management believes are reasonable, and is not necessarily indicative of what would have occurred had the acquisition been completed on January 1, 2015 or of results that may occur in the future. Year ended December 31, 2015 2016 Net revenue $ 240,301,616 $ 247,321,972 Operating income 32,685,667 33,997,174 Net income 8,419,218 8,893,930 Basic and diluted net income per share 0.30 0.31 Dispositions On October 18, 2016, the Company entered into a definitive agreement to sell substantially all of the assets used or useful in the operations of WBT-AM, WBT-FM, WFNZ-AM WLNK-FM WBT-AM, WBT-FM WLNK-FM WBT-AM, WBT-FM WLNK-FM A summary of assets held for sale for WFNZ-AM December 31, 2015 2016 Property and equipment, net $ 1,755,123 $ 1,702,847 FCC broadcasting licenses 2,166,400 2,166,400 $ 3,921,523 $ 3,869,247 On February 3, 2017, the Company entered into a definitive agreement to sell substantially all of the assets used in the operations of WIKS-FM, WMGV-FM, WNCT-AM, WNCT-FM, WSFL-FM WXNR-FM Greenville-New The Company will no longer have operations in the Greenville-New Greenville-New Pre-tax Greenville-New WIKS-FM, WMGV-FM, WNCT-AM, WNCT-FM, WSFL-FM WXNR-FM A summary of assets held for sale is as follows: December 31, 2015 2016 Property and equipment, net $ 1,295,776 $ 1,400,615 FCC broadcasting licenses 3,998,940 3,998,940 Goodwill 1,943,349 1,943,349 $ 7,238,065 $ 7,342,904

Restricted Cash

Restricted Cash	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Restricted Cash	(4) Restricted Cash On December 31, 2015, the Company placed $0.7 million of the proceeds from the sale of a radio tower with a qualified intermediary. On February 12, 2016, the Company had identified property to replace the relinquished property therefore the sales proceeds held at the qualified intermediary were recorded as restricted cash. However, the Company could not complete the acquisition of the replacement property within the 180 day deadline therefore the cash was released by the qualified intermediary and was reclassified to unrestricted cash.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment	(5) Property and Equipment Property and equipment is comprised of the following: December 31, Estimated 2015 2016 Land $ 7,854,348 $ 18,789,852 — Buildings and improvements 8,791,840 19,602,568 15-30 Broadcast equipment 20,040,318 33,834,907 5-15 Transportation equipment 1,198,758 1,883,038 5 Office equipment 3,349,150 5,201,349 5-10 Construction in progress 1,199,336 1,579,022 — 42,433,750 80,890,736 Less accumulated depreciation and amortization (17,961,296 ) (20,723,924 ) $ 24,472,454 $ 60,166,812 Broadcast equipment includes capital leases for two radio towers totaling $0.8 million and $0.7 million as of December 31, 2015 and 2016, respectively. The Company recorded depreciation and amortization expense of $3.0 million and $3.5 million for the years ended December 31, 2015 and 2016, respectively.

FCC Broadcasting Licenses

FCC Broadcasting Licenses	12 Months Ended
	Dec. 31, 2016
Text Block [Abstract]
FCC Broadcasting Licenses	(6) FCC Broadcasting Licenses The changes in the carrying amount of FCC broadcasting licenses for the years ended December 31, 2015 and 2016 are as follows: Balance as of January 1, 2015 $ 234,328,330 Acquisitions of translator licenses 391,175 Assets held for sale reclassification (6,165,340 ) Balance as of December 31, 2015 228,554,165 Acquisitions of translator licenses 495,075 Acquisition of Greater Media radio stations (see Note 3) 263,260,200 Beneficial interest in trust reclassification (15,738,300 ) Balance as of December 31, 2016 $ 476,571,140

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	(7) Goodwill There were no changes in the carrying amount of goodwill for the year ended December 31, 2016. The change in the carrying amount of goodwill for the year ended December 31, 2015 is as follows: Balance as of January 1, 2015 8,857,516 Assets held for sale reclassification (1,943,349 ) Impairment loss (3,520,933 ) Balance as of December 31, 2015 $ 3,393,234 Goodwill is tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the Company’s goodwill might be impaired. For the purpose of testing its goodwill for impairment, the Company has identified its market clusters as its reporting units. As a result of its qualitative assessment during the third quarter of 2015, the Company determined it was more likely than not that the fair value of the Wilmington market cluster was less than its carrying amount. The Company determined that the Wilmington market cluster would not meet its cash flow projections for 2015 primarily due to a continuing decrease in cash flows and a decline in ratings during the third quarter of 2015. Therefore the Company performed the first step of the two-step two-step The fair value of the Wilmington market cluster was estimated using an income approach. The income approach is based upon discounted cash flow analyses incorporating variables such as projected revenues, projected growth rate for revenues, projected station operating income margins, and a discount rate. The key assumptions in the discounted cash flow analyses are as follows: Long-term revenue growth rate 2.5% Station operating income margins 23.5% -50% Discount rate 9.5%

Other Intangibles

Other Intangibles	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Other Intangibles	(8) Other Intangibles Other intangibles are comprised of the following: December 31, December 31, 2015 2016 Advertiser relationships $ 1,098,279 $ 1,355,879 Advertiser lists — 16,251 Other intangibles — 25,641 1,098,279 1,397,771 Less accumulated amortization (554,041 ) (862,189 ) $ 544,238 $ 535,582 Other intangibles do not include acquired advertising contracts of $2.4 million that were acquired from Greater Media on November 1, 2016 and were fully amortized in 2016. The Company recorded amortization expense of $0.8 million and $2.7 million for the years ended December 31, 2015 and 2016, respectively. Estimated future amortization expense related to intangible assets subject to amortization for the next five years is as follows: 2017 $ 250,072 2018 136,310 2019 74,585 2020 38,012 2021 10,962 Total $ 509,941

Other Current Liabilities

Other Current Liabilities	12 Months Ended
	Dec. 31, 2016
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	(9) Other Current Liabilities Other current liabilities are comprised of the following: December 31, 2015 2016 Accrued payroll expenses $ 2,247,886 $ 10,667,203 Deferred revenue 1,156,510 1,798,443 Dividends payable 1,032,573 1,280,410 Trade sales payable 761,344 1,082,702 Deferred rent 560,169 1,164,609 Other accrued expenses 1,829,624 5,180,052 $ 7,588,106 $ 21,173,419

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Long-Term Debt	(10) Long-Term Debt Long-term debt is comprised of the following: December 31, December 31, 2015 2016 Term loan $ 89,000,000 $ 265,000,000 Revolving credit facility — 3,000,000 Capital lease obligations 750,216 691,951 89,750,216 268,691,951 Less unamortized debt issuance costs (1,804,390 ) (14,313,703 ) 87,945,826 254,378,248 Less current installments (1,484,048 ) (6,686,077 ) $ 86,461,778 $ 247,692,171 As of December 31, 2015, the previous credit facility consisted of a term loan with a remaining balance of $89.0 million and a revolving credit facility with a maximum commitment of $20.0 million. The previous credit facility carried interest, based on adjusted LIBOR, at 3.9% as of December 31, 2015. On November 1, 2016, the Company, through its wholly-owned subsidiary, Beasley Mezzanine Holdings, LLC, entered into a new credit agreement with a syndicate of financial institutions. Proceeds from the new credit facility were used to repay the old credit facility, pay a portion of the purchase price and related expenses incurred in connection with the acquisition of Greater Media and to repay existing third party indebtedness of Greater Media. In connection with the new credit agreement, the Company recorded a loss on modification of long-term debt of $0.8 million during the fourth quarter of 2016. As of December 31, 2016, the credit facility consisted of a term loan with a remaining balance of $265.0 million and a revolving credit facility with an outstanding balance of $3.0 million and a maximum commitment of $20.0 million. As of December 31, 2016, the Company had $17.0 million in available commitments under its revolving credit facility. At the Company’s option, the credit facility may bear interest at either (i) LIBOR plus a margin 6.0% or (ii) the base rate plus a margin of 5.0%. Each margin will decrease 0.25% when the Company’s First Lien Leverage Ratio (as defined in the credit agreement) is equal or less than 3.75x. The LIBOR interest rate for the term loan is subject to a 1% floor. Interest payments for loans based on LIBOR are due at the end of each applicable interest period unless the interest period is longer than three months, then they are due at the end of each three month period. Interest payments for loans based on the base rate are due quarterly. The revolving credit facility carried interest, based on LIBOR, at 6.8% as of December 31, 2016. The term loan carried interest, based on LIBOR, at 7.0% as of December 31, 2016. The revolving credit facility matures on November 1, 2021 and the term loan matures on November 1, 2023. Commencing with the year ending December 31, 2017, the credit agreement requires mandatory prepayments equal to 75% of Excess Cash Flow (as defined in the credit agreement) when the Company’s Total Leverage Ratio (as defined in the credit agreement) is greater than 3.75x; mandatory prepayments equal to 50% of Excess Cash Flow when the Company’s Total Leverage Ratio is less than or equal to 3.75x and greater than 3.5x; mandatory prepayments equal to 25% of Excess Cash Flow when the Company’s Total Leverage Ratio is less than or equal to 3.5x and greater than 3.0x; and no mandatory prepayments when the Company’s Total Leverage Ratio is less than or equal to 3.0x. Mandatory prepayments of consolidated Excess Cash Flow are due 105 days after year end. The credit agreement also requires mandatory prepayments for defined amounts from net proceeds of asset sales, net insurance proceeds, and net proceeds of debt issuances. The credit agreement requires the Company to comply with certain financial covenants which are defined in the credit agreement. These financial covenants include a First Lien Leverage Ratio that will be tested at the end of each quarter beginning with the quarter ending March 31, 2017. For the period from March 31, 2017 through March 31, 2018, the maximum First Lien Leverage Ratio is 6.25x. For the period from June 30, 2018 through September 30, 2018, the maximum First Lien Leverage Ratio is 6.0x. For the period from December 31, 2018 through September 30, 2019, the maximum First Lien Leverage Ratio is 5.75x. The maximum First Lien Leverage Ratio is 5.25x for December 31, 2019 and thereafter. The credit facility is secured by substantially all assets of the Company and its subsidiaries and is guaranteed jointly and severally by the Company and its subsidiaries. If the Company defaults under the terms of the credit agreement, the Company and its subsidiaries may be required to perform under their guarantees. As of December 31, 2016, the maximum amount of undiscounted payments the Company and its applicable subsidiaries would have been required to make in the event of default was $268.0 million. The revolving credit facility and the guarantees related thereto expire on November 1, 2021 and the term loan credit agreement and the guarantees related thereto expire on November 1, 2023. Failure to comply with financial covenants, scheduled interest payments, scheduled principal repayments, or any other terms of our credit agreement could result in the acceleration of the maturity of our outstanding debt, which could have a material adverse effect on our business or results of operations. As of December 31, 2016, we were in compliance with all applicable financial covenants under our credit agreement. The aggregate scheduled principal repayments of the credit facility and capital lease obligations for the next five years and thereafter are as follows: 2017 $ 6,686,077 2018 6,689,020 2019 13,317,101 2020 13,320,326 2021 13,323,700 Thereafter 215,355,727 Total $ 268,691,951

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2016
Postemployment Benefits [Abstract]
Employee Benefit Plans	(11) Employee Benefit Plans Defined Contribution Plan The Company has a defined contribution plan that conforms to Section 401(k) of the Internal Revenue Code. Under this plan, employees may contribute a minimum of 1% of their compensation (no maximum) to the Plan. However, the Internal Revenue Code limited contributions to $18,000 (or $24,000 if aged 50 years or older) in 2015 and 2016. No employer matching contributions have been made to the defined contribution plan in 2015 and 2016. On November 1, 2016, the Company merged the Greater Media defined contribution plan into the Company’s defined contribution plan. Defined Benefit Plan On November 1, 2016, the Company assumed the frozen Greater Media defined benefit plan (”Pension Plan”). Projected benefit obligations in excess of the fair value of plan assets of $4.0 million are reported in other long-term liabilities in the balance sheet as of December 31, 2016. The discount rate is based on matching the cash flows of the plan to the spot rates in the Citigroup Pension Discount Curve as of December 31, 2016 and the result is then rounded to the nearest five basis points. The investment policy is to maximize the expected return on plan assets while maintaining an acceptable level of risk. The target asset allocation for the pension plan is currently set as follows: 30% equity, 70% fixed income. Plan assets are invested in mutual funds and fair value is based on quoted prices in active markets for identical funds (Level 1). The long-term rate of return on plan assets was selected based on input from the investment advisor and publicly available survey information on expected returns by asset class as of December 31, 2016. The mortality assumptions are based on the RP-2014 MP-2014 MP-2016 Supplemental Employee Retirement Plan On November 1, 2016, the Company assumed the frozen Greater Media supplemental employee retirement plan (“SERP”). The $8.8 million liability related to the plan is reported in other long-term liabilities in the balance sheet as of December 31, 2016. The discount rate is based on matching the cash flows of the plan to the spot rates in the Citigroup Pension Discount Curve as of December 31, 2016 and the result is then rounded to the nearest five basis points. The mortality assumptions are based on the RP-2014 MP-2014 MP-2016 Postretirement Medical and Life Insurance Benefits On November 1, 2016, the Company assumed the frozen Greater Media postretirement medical and life insurance benefits plan (“Postretirement Benefits”). The $1.8 million liability related to the plan is reported in other long-term liabilities in the balance sheet as of December 31, 2016. The discount rate is based on matching the cash flows of the plan to the spot rates in the Citigroup Pension Discount Curve as of December 31, 2016 and the result is then rounded to the nearest five basis points. The mortality assumptions are based on the RP-2014 MP-2014 MP-2016 The following tables summarize the Pension Plan, SERP and Postretirement Benefits as of December 31, 2016: Pension Plan SERP Postretirement Benefits Change in Projected Benefit Obligation Benefit obligation at beginning of year $ — $ — $ — Service cost — — 8,169 Interest cost 530,839 51,696 11,097 Plan participants’ contributions — — 1,939 Actuarial (gain) loss (965,046 ) (415,416 ) (103,396 ) Business combinations 88,705,097 9,154,118 1,859,010 Benefits paid (409,084 ) (38,550 ) (20,396 ) Benefit obligation at end of year $ 87,861,806 $ 8,751,848 $ 1,756,423 Pension Plan SERP Postretirement Benefits Change in Plan Assets Fair value of plan assets at beginning of year $ — $ — $ — Actual return on plan assets (1,731,372 ) — — Employer contribution — 38,550 18,457 Business combinations 86,008,964 — — Plan participants’ contributions — — 1,939 Benefits paid (409,084 ) (38,550 ) (20,396 ) Fair value of plan assets at end of year $ 83,868,508 $ — $ — Funded Status $ (3,993,298 ) $ (8,751,848 ) $ (1,756,423 ) Unrecognized net actuarial (gain) loss 1,767,058 (415,416 ) (103,396 ) Cumulative employer contributions in excess of the net periodic pension cost $ (2,226,240 ) $ (9,167,264 ) $ (1,859,819 ) Pension Plan SERP Postretirement Benefits Amounts Recognized in the Statement of Financial Position Noncurrent assets $ — $ — $ — Current liabilities — (422,656 ) (113,268 ) Noncurrent liabilities (3,993,298 ) (8,329,192 ) (1,643,155 ) Net amount recognized $ (3,993,298 ) $ (8,751,848 ) $ (1,756,423 ) Pension Plan SERP Postretirement Benefits Amounts Recognized in Accumulated Other Comprehensive Income Net actuarial loss (gain) $ 1,767,058 $ (415,416 ) $ (103,396 ) Total (before tax effects) $ 1,767,058 $ (415,416 ) $ (103,396 ) Pension Plan SERP Postretirement Benefits Information for Pension Plans with an Accumulated Benefit Obligation in excess of Plan Assets Projected benefit obligation $ 87,861,806 $ 8,751,848 $ — Accumulated benefit obligation $ 87,861,806 $ 8,751,848 $ — Fair value of plan assets $ 83,868,508 $ — $ — Pension Plan SERP Postretirement Benefits Weighted-average assumptions for Disclosure Discount rate 3.62 % 3.80 % 4.00 % Rate of compensation increase N/A N/A N/A Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Income Pension Plan SERP Postretirement Benefits Net periodic benefit cost Service cost $ — $ — $ 8,169 Interest cost 530,839 51,696 11,097 Expected return on plan assets (1,000,732 ) — — Net periodic benefit cost $ (469,893 ) $ 51,696 $ 19,266 Pension Plan SERP Postretirement Benefits Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income Net actuarial (gain) loss $ 1,767,058 $ (415,416 ) $ (103,396 ) Total recognized in other comprehensive income (before tax effects) $ 1,767,058 $ (415,416 ) $ (103,396 ) Total recognized in net benefit cost and other comprehensive income (before tax effects) $ 1,297,165 $ (363,720 ) $ (84,130 ) Pension Plan SERP Postretirement Benefits Amounts Expected to be Recognized in Net Periodic Cost in the Coming Year (Gain) loss recognition $ — $ — $ — Prior service cost recognition $ — $ — $ — Net initial obligation (asset) recognition $ — $ — $ — Pension Plan SERP Postretirement Benefits Weighted-average assumptions used to determine Net Periodic Benefit Cost Discount rate 3.60 % 3.40 % 3.60 % Expected return on plan assets 7.00 % N/A N/A Rate of compensation increase N/A N/A N/A Corridor 10.00 % 10.00 % 10.00 % Pension Plan SERP Postretirement Benefits Weighted-Average Assets Allocation Equity securities 28.92 % N/A N/A Fixed income 71.08 % N/A N/A Total 100.00 % N/A N/A Pension Plan SERP Postretirement Benefits Asset Category (all Level 1) U.S. equity funds 8,859,295 N/A N/A International equity funds 15,495,346 N/A N/A Fixed income funds 59,859,194 N/A N/A Total 84,213,835 N/A N/A Estimated Future Benefit Payments 2017 $ 3,062,240 $ 422,656 $ 113,268 2018 $ 3,268,248 $ 469,239 $ 109,952 2019 $ 3,513,785 $ 479,770 $ 106,890 2020 $ 3,683,327 $ 482,753 $ 103,798 2021 $ 3,829,459 $ 509,468 $ 100,782 2022-2026 $ 21,960,276 $ 2,641,620 $ 474,413 Pension Plan SERP Postretirement Benefits Contributions Estimated contributions for 2017 $ — $ 422,656 $ 113,268

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Stockholders' Equity	(12) Stockholders’ Equity The Company has two classes of common stock: Class A common stock and Class B common stock. In the election of directors, the holders of Class A common stock are entitled by class vote, exclusive of other stockholders, to elect two of the Company’s directors, with each Class A share being entitled to one vote. In the election of the other six directors and all other matters submitted to the stockholders for a vote, the holders of Class A shares and Class B shares shall vote as a single class, with each Class A share being entitled to one vote and each Class B share entitled to ten votes. The Company’s credit agreement permits it to repurchase sufficient shares of its common stock to fund withholding taxes in connection with the vesting of restricted stock, subject to compliance with financial covenants, up to an aggregate amount of $2.5 million per year. The Company paid $0.2 million to repurchase 55,808 shares in 2016. The Company’s credit agreement restricts its ability to pay cash dividends and to repurchase additional shares of its common stock. The credit agreement does permit, however, (i) additional dividends of up to an aggregate amount of $6.5 million if its Total Leverage Ratio is greater than 3.5x and up to an aggregate amount of $7.5 million if its Total Leverage Ratio is less than or equal to 3.5x, (ii) an amount equal to its excess cash flow that is not required to prepay the credit agreement, subject to maintaining a Total Leverage Ratio of no greater than 3.75x and (iii) unlimited dividends if its Total Leverage Ratio is less than 3.5x and its First Lien Leverage Ratio is less than 2.5x. The Company paid cash dividends of $4.1 million in 2015 and 2016. On December 9, 2016, the Company declared a cash dividend of $0.045 per share on its Class A and Class B common stock. The dividend of $1.3 million in the aggregate was paid on January 6, 2017, to stockholders of record on December 30, 2016.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	(13) Stock-Based Compensation The Beasley Broadcast Group, Inc. 2007 Equity Incentive Award Plan (the “2007 Plan”) permits the Company to issue up to 4.0 million shares of Class A common stock. The 2007 Plan allows for eligible employees, directors and certain consultants of the Company to receive shares of restricted stock, stock options or other stock-based awards. The restricted stock awards that have been granted under the 2007 Plan generally vest over one to five years of service. A summary of restricted stock activity under the 2007 Plan is presented below: Shares Weighted- Grant-Date Unvested as of January 1, 2015 271,425 $ 8.20 Granted 185,076 5.20 Vested (161,176 ) 8.22 Forfeited (10,866 ) 5.14 Unvested as of December 31, 2015 284,459 5.98 Granted 256,830 4.35 Vested (180,526 ) 5.69 Forfeited (17,250 ) 3.70 Unvested as of December 31, 2016 343,513 $ 4.70 As of December 31, 2016, there was $0.8 million of total unrecognized compensation cost for restricted stock granted under the 2007 Plan. That cost is expected to be recognized over a weighted-average period of 2.2 years.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	(14) Income Taxes Income tax expense is as follows: Year ended December 31, 2015 2016 Current: Federal $ 1,624,206 $ 789,150 State 226,470 264,707 1,850,676 1,053,857 Deferred: Federal 2,123,431 2,172,740 State (333,320 ) 5,071,205 1,790,111 7,243,945 $ 3,640,787 $ 8,297,802 Income tax expense differs from the amounts that would result from applying the federal statutory rate of 35% to the Company’s income before taxes as follows: Year ended December 31, 2015 2016 Expected tax expense $ 3,501,088 $ 19,525,175 State income taxes, net of federal benefit 331,177 552,499 Gain on merger — (15,941,611 ) Tax rate adjustments (400,629 ) 2,915,844 Change in valuation allowance (36,696 ) (65,900 ) Non-deductible 265,075 1,147,565 Other (19,228 ) 164,230 $ 3,640,787 $ 8,297,802 Temporary differences that give rise to the components of deferred tax assets and liabilities are as follows: December 31, 2015 2016 Deferred tax assets: Allowance for doubtful accounts $ 319,049 $ 625,317 Goodwill — 8,782,364 Other assets 15,752 (42,787 ) Accrued expenses 212,808 1,497,317 Other long-term liabilities 688,462 6,353,590 Stock-based compensation 321,860 248,046 Net operating losses 277,235 3,750,420 Subtotal 1,835,166 21,214,267 Valuation allowance (594,079 ) (528,179 ) Total 1,241,087 20,686,088 Deferred tax liabilities: Prepaid expenses (382,250 ) (874,495 ) Property and equipment (2,907,439 ) (6,110,234 ) Intangibles (75,690,599 ) (174,240,627 ) Total (78,980,288 ) (181,225,356 ) Net deferred tax liabilities $ (77,739,201 ) $ (160,539,268 ) As of December 31, 2016, the Company has federal net operating losses of $2.2 million and state net operating losses of $52.2 million, which expire in various years through 2035. The valuation allowance relates to net operating losses and unrealized losses on investments which management has determined, more likely than not, that such losses will not be utilized. As of December 31, 2015 and 2016, the Company does not have any material unrecognized tax benefits and accordingly has not recorded any interest or penalties related to unrecognized tax benefits. The Company and its subsidiaries file a consolidated federal income tax return and various state returns. These returns remain subject to examination by taxing authorities for all years after 2012.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	(15) Earnings Per Share Net income per share calculation information is as follows: Year ended December 31, 2015 2016 Net income $ 6,362,322 $ 47,488,413 Weighted-average shares outstanding: Basic 22,911,727 23,787,485 Effect of dilutive restricted stock 113,993 131,820 Effect of dilutive contingently issuable shares — 31,653 Diluted 23,025,720 23,950,958 Net income per Class A and Class B common share - basic $ 0.28 $ 2.00 Net income per Class A and Class B common share - diluted $ 0.28 $ 1.98

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	(16) Related Party Transactions Beasley Broadcasting Management, LLC The Company leases its principal executive offices in Naples, FL from Beasley Broadcasting Management, LLC, which is held by a trust for the benefit of Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other family members of George G. Beasley. Rental expense was $0.2 million for each of the years ended December 31, 2015 and 2016. Beasley Family Towers, LLC On December 31, 2015, the Company sold the tower for one radio station in Augusta, GA to Beasley Family Towers, LLC (“BFT”), which is partially held by a trust for the benefit of Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other family members of George G. Beasley and partially owned directly by Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other family members, for $1.3 million then leased the tower back under an agreement which expires on December 31, 2025 with four automatic renewal terms of five years each. The lease met the criteria to be recorded as a capital lease, however based on the terms of the lease agreement the $0.8 million gain on sale was deferred and will be recognized as the capital lease property is depreciated. Rental expense was approximately $12,000 for the year ended December 31, 2016. On November 30, 2015, the notes receivable from BFT were repaid in full. The notes totaled $1.7 million as of January 1, 2015. Interest income on the notes receivable from BFT was approximately $37,000 for the years ended December 31, 2015. On August 4, 2006, the Company entered into an agreement to lease several radio towers for one radio station in Boca Raton, FL from BFT. The lease agreement expires on April 30, 2021. Lease payments are currently offset by the partial recognition of a deferred gain on sale from the sale of these towers to BFT in 2006, therefore no rental expense was reported for these towers for the years ended December 31, 2015 and 2016. On November 17, 2015, two of the towers were sold to an unrelated party and $0.3 million of the gain deferred in 2006 was recognized and reported in other income (expense), net. In addition, BFT prepaid rent of $0.7 million on behalf of the Company to the unrelated party. The prepaid rent will be repaid with monthly payments of $5,500 through November 16, 2025. Repayments of prepaid rent to BFT were approximately $8,000 and $66,000 for the years ended December 31, 2015 and 2016, respectively. The Company leases radio towers for 23 radio stations in various markets from BFT. The lease agreements expire on various dates through December 28, 2020. Rental expense was $0.5 million for each of the years ended December 31, 2015 and 2016. GGB Augusta, LLC The Company leases land for its radio stations in Augusta, GA from GGB Augusta, LLC which is held by a trust for the benefit of Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other family members of George G. Beasley. The lease agreement expires on November 1, 2023. Rental expense was approximately $42,000 for each of the years ended December 31, 2015 and 2016. GGB Estero, LLC The Company leases property for its radio stations in Fort Myers, FL from GGB Estero, LLC which is held by a trust for the benefit of Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other family members of George G. Beasley. The lease agreement expires on August 31, 2019. Rental expense was $0.2 million for each of the years ended December 31, 2015 and 2016. GGB Las Vegas, LLC The Company leases property for its radio stations in Las Vegas, NV from GGB Las Vegas, LLC which is controlled by George G. Beasley. The lease agreement expires on December 31, 2018. Rental expense was $0.2 million for each of the years ended December 31, 2015 and 2016. LN2 DB, LLC On March 25, 2011, the Company contributed $250,000 to Digital PowerRadio, LLC (now LN2 DB, LLC) in exchange for 25,000 units or approximately 20% of the outstanding units. The Company contributed an additional $62,500 on February 14, 2012, $104,167 on July 31, 2012, $104,167 on April 10, 2013, $104,167 on April 4, 2014, $166,667 on April 3, 2015, and $166,667 on May 3, 2016 which maintained its ownership interest at approximately 20% of the outstanding units. The Company may be called upon to make additional pro rata cash contributions to LN2 DB, LLC in the future. On February 22, 2017, the Company contributed $150,000 to LN2 DB, LLC in exchange for a note bearing interest at 18% per annum. Principal and accrued interest are due on the maturity date of December 31, 2019. LN2 DB, LLC is managed by Fowler Radio Group, LLC which is partly-owned by Mark S. Fowler, an independent director of the Company. Wintersrun Communications, LLC On December 31, 2015, the Company sold the tower for one radio station in Charlotte, NC to Wintersrun Communications, LLC, which is partially held by a trust for the benefit of Caroline Beasley, Bruce G. Beasley, Brian E. Beasley and other family members of George G. Beasley and partially owned directly by Bruce G. Beasley and Brian E. Beasley, for $0.4 million then leased the tower back under an agreement which expires on December 31, 2025 with four automatic renewal terms of five years each. The lease met the criteria to be recorded as a capital lease however, based on the terms of the lease agreement the $0.3 million gain on sale was deferred and will be recognized as the capital lease property is depreciated. Rental expense was approximately $60,000 for the year ended December 31, 2016. The Company leased a radio tower for one radio station in Augusta, GA from Wintersrun. Rental expense was approximately $24,000 for the year ended December 31, 2015. On October 16, 2015, the tower was sold to an unrelated party and Wintersrun prepaid rent of $0.3 million on behalf of the Company to the unrelated party. The prepaid rent will be repaid with monthly payments of $2,559 through October 16, 2025. Repayments of prepaid rent to Wintersrun were approximately $6,000 and $31,000 for the years ended December 31, 2015 and 2016, respectively. As of December 31, 2016, future minimum payments to related parties for the next five years and thereafter are summarized as follows: 2017 $ 1,032,043 2018 1,046,714 2019 783,772 2020 652,230 2021 225,974 Thereafter 843,505 Total $ 4,584,238

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	(17) Commitments and Contingencies The Company leases property and equipment from third parties under five- to thirty-year operating leases. Lease expense was $3.7 million and $4.4 million for the years ended December 31, 2015 and 2016, respectively. The Company also has various commitments for rating services, on-air 2017 $ 22,660,192 2018 13,270,002 2019 7,459,091 2020 7,044,285 2021 5,986,126 Thereafter 13,552,503 Total $ 69,972,199 In the normal course of business, the Company is party to various legal matters. The ultimate disposition of these matters will not, in management’s judgment, have a material adverse effect on the Company’s financial position.

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2016
Investments, All Other Investments [Abstract]
Financial Instruments	(18) Financial Instruments The carrying amount of the Company’s financial instruments including cash and cash equivalents, accounts receivable and accounts payable approximate fair value due to the short term nature of these financial instruments. The carrying amount of the Company’s term loan as of December 31, 2016 was $265.0 million. The Company estimated the fair value of the term loan to be $268.5 million using observable inputs (Level 2). The carrying amount of the Company’s revolving credit facility and capital lease obligations as of December 31, 2016 was $3.7 million whch approximated fair value based on current market interest rates. The carrying amount of long-term debt, including capital lease obligations and current installments as of December 31, 2015 was $89.8 million which approximated fair value based on current market interest rates at that time.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	(19) Fair Value Measurements The Company has certain assets that are measured at fair value on a non-recurring During the third quarter of 2015, the Company estimated the fair value of goodwill in its Wilmington market cluster using significant unobservable inputs (Level 3) and recorded an impairment loss of $3.5 million.

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2016
Valuation and Qualifying Accounts [Abstract]
Valuation and Qualifying Accounts	BEASLEY BROADCAST GROUP, INC. CONSOLIDATED FINANCIAL STATEMENT SCHEDULE VALUATION AND QUALIFYING ACCOUNTS Years ended December 31, 2015 and 2016 Column A Description Column B Balance at Column C Column D Column E Year ended December 31, 2015: Allowance for doubtful accounts 544,932 695,246 643,798 596,380 Valuation allowance for deferred tax assets 630,775 — 36,696 594,079 Year ended December 31, 2016: Allowance for doubtful accounts 596,380 2,061,553 1,120,580 1,537,353 Valuation allowance for deferred tax assets 594,079 69,867 135,767 528,179

Summary of Significant Accoun29

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America and include the accounts of the Company and its wholly-owned subsidiaries. All significant inter-company transactions and balances have been eliminated.
Use of Estimates	Use of Estimates Preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the period. Such estimates include (i) fair values used for testing FCC broadcasting licenses and goodwill for impairment; (ii) future cash flows used for testing recoverability of property and equipment; (iii) the amount of allowance for doubtful accounts; (iv) the realization of deferred tax assets, and (v) actuarial assumptions related to the pension plan, SERP and other postretirement benefits. Actual results and outcomes may differ from management’s estimates and assumptions.
Cash and Cash Equivalents	Cash and Cash Equivalents All short-term investments with an original maturity of three months or less are considered to be cash equivalents.
Accounts Receivable	Accounts Receivable Accounts receivable consist primarily of uncollected amounts due from advertisers for the sale of advertising airtime. The amounts are net of advertising agency commissions and an allowance for doubtful accounts. The allowance for doubtful accounts reflects management’s estimate of probable losses in accounts receivable. Management determines the allowance based on historical information, relative improvements or deteriorations in the age of the accounts receivable and changes in current economic conditions. Interest is not accrued on accounts receivable.
Property and Equipment	Property and Equipment Property and equipment is recorded at fair value in a business combination or otherwise at cost and depreciated using the straight-line method over the estimated useful life of the asset. If an event or change in circumstances were to indicate that the carrying amount of property and equipment is not recoverable, the carrying amount will be reduced to the estimated fair value. Repairs and maintenance are charged to expense as incurred.
FCC Broadcasting Licenses	FCC Broadcasting Licenses FCC broadcasting licenses, including translator licenses, are generally granted for renewable terms of eight years. Renewal costs are generally minor and expensed as incurred. Licenses are tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the Company’s licenses might be impaired. The Company assesses qualitative factors to determine whether it is more likely than not that its licenses are impaired. If the Company determines it is more likely than not that its licenses are impaired then the Company is required to perform the quantitative impairment test. The quantitative impairment test compares the fair value of the Company’s licenses with their carrying amounts. If the carrying amounts of the licenses exceed their fair value, an impairment loss is recognized in an amount equal to that excess. For the purpose of testing its licenses for impairment, the Company combines its licenses into reporting units based on its market clusters. See Note 6 for changes in the carrying amount of FCC broadcasting licenses for the years ended December 31, 2015 and 2016. The weighted-average period before the next renewal of the Company’s FCC broadcasting licenses is 3.9 years.
Goodwill	Goodwill Goodwill is tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the Company’s goodwill might be impaired. The Company assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If the Company determines it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then it is required to perform the first step of a two-step two-step
Other Intangibles	Other Intangibles Other intangibles include acquired advertising contracts and advertiser relationships and are amortized over their respective estimated useful lives. If an event or change in circumstances were to indicate that the carrying amount of other intangibles is not recoverable, the carrying amount will be reduced to the estimated fair value.
Investments	Investments Other assets include noncontrolling interests in Digital PowerRadio, LLC (now LN2 DB, LLC) and Quu, Inc. which are accounted for under the cost method of accounting. Under the cost method of accounting, investments are carried at cost and only adjusted for distributions received in excess of earnings and other-than-temporary declines in fair value. The Company evaluates the investments on a quarterly basis and recognizes an impairment loss if a decline in value is determined to be other-than-temporary. Such impairment evaluations include the current business environment, the investee’s competition, and the investee’s ability to obtain additional financing to achieve its business plan. If the Company has not identified events or changes in circumstances that may have a significant adverse effect on the fair value of the investment, then the fair value of the investments are not estimated, as it is impracticable to do so. As of December 31, 2015 and 2016, the carrying value of the investment in LN2 DB, LLC is $0.8 million and $1.0 million, respectively, and the carrying value of the investment in Quu, Inc. is $0.9 million.
Debt Issuance Costs	Debt Issuance Costs Debt issuance costs are capitalized and amortized over the life of the related debt as interest expense on a straight-line basis which approximates the effective interest method. Unamortized debt issuance costs are reported as a direct deduction from the carrying amount of the related debt.
Defined Benefit Plan and Other Postretirement Benefits	Defined Benefit Plan and Other Postretirement Benefits The costs and liabilities of the defined benefit plan and other postretirement benefits are determined using actuarial valuations. An actuarial valuation involves making various assumptions that include the discount rate, rate of return on plan assets, and mortality rates. The discount rate is based on matching the cash flows of the plan to the spot rates in the Citigroup Pension Discount Curve and the result is then rounded to the nearest five basis points. The long-term rate of return on plan assets was selected based on input from the investment advisor and publicly available survey information on expected returns by asset class. The mortality assumptions are based on the mortality tables and mortality improvement scales which are selected based on the most recent study of the Society of Actuaries. The pension plan and SERP are both frozen so future employment does not change the benefit amounts. The postretirement medical and life insurance benefits are not impacted by the healthcare cost trend assumption because the reimbursements to retirees are fixed amounts. Actual results will differ from results which are estimated based on assumptions.
Treasury Stock	Treasury Stock Treasury stock is accounted for using the cost method whereby the entire cost of the acquired stock is recorded as treasury stock.
Revenue	Revenue Revenue from the sale of advertising airtime is recognized when commercials are broadcast and collection is reasonably assured. Revenues are reported net of advertising agency commissions, generally 15% of gross revenue, in the financial statements. An estimated allowance is recorded for uncollectible accounts. Payments received before commercials are broadcast are recorded as deferred revenue. Trade sales are recorded at the estimated fair value of the goods or services received. Revenue from trade sales is recognized when commercials are broadcast. Goods or services are recorded when received. If commercials are broadcast before the goods or services are received then a trade sales receivable is recorded. If goods or services are received before the broadcast of commercials then a trade sales payable is recorded. Trade sales revenue was $3.7 million and $5.3 million for the years ended December 31, 2015 and 2016, respectively. Trade sales expenses were $4.0 million and $5.1 million for the years ended December 31, 2015 and 2016, respectively.
Stock-Based Compensation	Stock-Based Compensation The Company measures the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. The cost is recognized in earnings over the period during which an employee is required to provide service. No compensation cost is recognized for equity instruments for which employees do not render the requisite services.
Income Taxes	Income Taxes The Company recorded income taxes under the liability method. Deferred tax assets and liabilities are recognized for all temporary differences between tax and financial reporting bases of the Company’s assets and liabilities using enacted tax rates applicable to the periods in which the differences are expected to affect taxable income. Tax benefits from an uncertain tax position are only recognized if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate resolution. Interest and penalties related to unrecognized tax benefits are recorded as incurred as a component of income tax expense.
Comprehensive Income	Comprehensive Income Comprehensive income consists of net income and other gains and losses affecting stockholders’ equity that, under accounting principles generally accepted in the United States of America are excluded from net income, including unrealized gains (losses) on available-for-sale
Earnings per Share	Earnings per Share Basic net income per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Common shares outstanding include shares of both Class A and Class B common stock, which have equal rights and privileges except with respect to voting. Diluted net income per share reflect the potential dilution that could occur if stock options, restricted stock or other contracts to issue common stock were exercised or converted into common stock and were not anti-dilutive.
Concentrations of Risk	Concentrations of Risk Certain cash deposits with financial institutions may at times exceed FDIC insurance limits. The radio stations located in Tampa-Saint Petersburg, FL and Charlotte, NC contributed 49.7% and 43.5% of the Company’s net revenue in 2015 and 2016, respectively.
Fair Value Measurements	Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs are based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company’s own assumptions based on the best information available in the circumstances. The fair value hierarchy prioritizes the inputs used to measure fair value into three broad levels. The three levels of the fair value hierarchy are defined as follows: Level 1 – Inputs are quoted prices in active markets for identical assets or liabilities as of the reporting date. Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, as of the reporting date. Level 3 – Unobservable inputs for the asset or liability that reflect management’s own assumptions about the assumptions that market participants would use in pricing the asset or liability as of the reporting date.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 2017, the Financial Accounting Standards Board (“FASB”) issued guidance to simplify goodwill impairment testing by eliminating step two from the goodwill impairment test. Under the new guidance, an entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. Under the new guidance an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The new guidance is effective for fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed after January 1, 2017. The Company continues to review the new guidance, but its preliminary assessment, which is subject to change, is that the new guidance will not result in a significant impact on its financial statements. In August 2016, the FASB issued guidance to reduce diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The new guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years, with early adoption permitted. The Company is currently in the process of reviewing the new guidance, but its preliminary assessment, which is subject to change, is that the new guidance will not result in a significant impact on its financial statements. In March 2016, the FASB issued guidance to improve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The new guidance is effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. The Company adopted the new guidance in the first quarter of 2017 with no material impact on its financial statements. In February 2016, the FASB issued guidance to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use In January 2016, the FASB issued guidance that changes how entities measure equity investments and present changes in the fair value of financial liabilities. The new guidance requires entities to measure equity investments that do not result in consolidation and are not accounted under the equity method at fair value and recognize any changes in fair value in net income unless the investments qualify for the new practicality exception. A practicality exception will apply to those equity investments that do not have a readily determinable fair value and do not qualify for the practical expedient to estimate fair value, and as such, these investments may be measured at cost. The new guidance is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company continues to review the new guidance, but its preliminary assessment, which is subject to change, is that the new guidance will not result in a significant impact on its financial statements. In September 2015, the FASB issued guidance that modified accounting for business combinations to reflect measurement period adjustments to be recorded prospectively rather than retroactively to the assets and liabilities initially recorded under purchase price accounting. The guidance, which was effective as of January 1, 2016, did not have a material impact on the Company’s financial statements, but could have an impact in a future period when an adjustment is recorded for a previously reported business combination. In May 2014, the FASB issued guidance to clarify the principles for recognizing revenue. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides a comprehensive framework for revenue recognition that supersedes current general revenue guidance and most industry-specific guidance. In addition, the guidance requires improved disclosures to help users of financial statements better understand the nature, amount, timing, and uncertainty of revenue that is recognized. In 2016, the FASB issued several updates to address implementation issues and to clarify guidance for principal versus agent considerations and identifying performance obligations and licensing. An entity should apply the guidance either retrospectively to each prior reporting period presented or retrospectively with the cumulative adjustment at the date of the initial application. In August 2015, the FASB delayed the effective date of the new guidance to annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is now permitted after the original effective date of December 15, 2016. The Company plans to adopt the new guidance on January 1, 2018. The Company continues to review the impact of the new guidance on its revenue streams and its initial assessment is that the new guidance will not result in a significant impact on its financial statements. The Company preliminarily plans to adopt the new guidance using the retrospective application method.

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	12 Months Ended
	Dec. 31, 2016
Schedule of Preliminary Purchase Price Allocation	The following table summarizes the preliminary purchase price allocation as of the Acquisition Date: Cash and cash equivalents $ 7,683,950 Accounts receivable 29,889,677 Prepaid expenses 1,710,924 Other current assets 541,460 Property and equipment 40,642,648 FCC broadcasting licenses 263,260,200 Other intangibles, net 2,790,524 Other assets 676,632 Accounts payable (429,042 ) Other current liabilities (16,685,309 ) Long-term debt (82,177,895 ) Deferred tax liabilities (76,050,112 ) Other long-term liabilities (13,709,261 ) Net assets acquired 158,144,396 Gain on merger (44,281,066 ) Preliminary purchase price $ 113,863,330
Schedule of Preliminary Purchase Price	The following table summarizes the components of the preliminary purchase price: Cash $ 94,444,148 Stock issued 21,865,506 Estimated tower sale adjustment (3,357,916 ) Stock issued in escrow 4,164,859 Estimated working capital adjustment (3,253,267 ) Preliminary purchase price $ 113,863,330
Schedule of Changes in Gain on Merger	The changes in the gain on merger for the period ended December 31, are as follows: Gain as of November 1, 2016 $ 44,281,066 Estimated tower sale adjustment 351,410 Estimated working capital adjustment 914,984 Gain as of December 31, 2016 $ 45,547,460
Summary of Pro forma Information	The following unaudited pro forma information assumes that the merger had occurred on January 1, 2015. The significant pro forma adjustments are depreciation and interest expense. The unaudited pro forma information excludes the stations held in trust that were sold on January 6, 2017. This unaudited pro forma information has been prepared based on estimates and assumptions, which management believes are reasonable, and is not necessarily indicative of what would have occurred had the acquisition been completed on January 1, 2015 or of results that may occur in the future. Year ended December 31, 2015 2016 Net revenue $ 240,301,616 $ 247,321,972 Operating income 32,685,667 33,997,174 Net income 8,419,218 8,893,930 Basic and diluted net income per share 0.30 0.31
WFNZ-AM [Member]
Summary of Assets Held For Sale	A summary of assets held for sale for WFNZ-AM December 31, 2015 2016 Property and equipment, net $ 1,755,123 $ 1,702,847 FCC broadcasting licenses 2,166,400 2,166,400 $ 3,921,523 $ 3,869,247
WIKS-FM, WMGV-FM, WNCT-AM, WNCT-FM, WSFL-FM and WXNR-FM [Member]
Summary of Assets Held For Sale	A summary of assets held for sale is as follows: December 31, 2015 2016 Property and equipment, net $ 1,295,776 $ 1,400,615 FCC broadcasting licenses 3,998,940 3,998,940 Goodwill 1,943,349 1,943,349 $ 7,238,065 $ 7,342,904

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2016
Schedule of Assumptions Used in Valuation of FCC Broadcasting Licenses	The fair value of the Wilmington market cluster was estimated using an income approach. The income approach is based upon discounted cash flow analyses incorporating variables such as projected revenues, projected growth rate for revenues, projected station operating income margins, and a discount rate. The key assumptions in the discounted cash flow analyses are as follows: Long-term revenue growth rate 2.5% Station operating income margins 23.5% -50% Discount rate 9.5%
Summary of Carrying Amount of Goodwill	The change in the carrying amount of goodwill for the year ended December 31, 2015 is as follows: Balance as of January 1, 2015 8,857,516 Assets held for sale reclassification (1,943,349 ) Impairment loss (3,520,933 ) Balance as of December 31, 2015 $ 3,393,234
Greater Media Inc [Member]
Schedule of Assumptions Used in Valuation of FCC Broadcasting Licenses	The key assumptions used in the valuation of the FCC broadcasting licenses are as follows: Revenue growth rates 0.3% -1.3% Market revenue shares at maturity 12.6% -48.0% Operating income margins at maturity 15.0% -31.3% Discount rate 9%

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Summary of Property and Equipment	Property and equipment is comprised of the following: December 31, Estimated 2015 2016 Land $ 7,854,348 $ 18,789,852 — Buildings and improvements 8,791,840 19,602,568 15-30 Broadcast equipment 20,040,318 33,834,907 5-15 Transportation equipment 1,198,758 1,883,038 5 Office equipment 3,349,150 5,201,349 5-10 Construction in progress 1,199,336 1,579,022 — 42,433,750 80,890,736 Less accumulated depreciation and amortization (17,961,296 ) (20,723,924 ) $ 24,472,454 $ 60,166,812

FCC Broadcasting Licenses (Tabl

FCC Broadcasting Licenses (Tables)	12 Months Ended
	Dec. 31, 2016
Text Block [Abstract]
Carrying Amount of Broadcasting Licenses	The changes in the carrying amount of FCC broadcasting licenses for the years ended December 31, 2015 and 2016 are as follows: Balance as of January 1, 2015 $ 234,328,330 Acquisitions of translator licenses 391,175 Assets held for sale reclassification (6,165,340 ) Balance as of December 31, 2015 228,554,165 Acquisitions of translator licenses 495,075 Acquisition of Greater Media radio stations (see Note 3) 263,260,200 Beneficial interest in trust reclassification (15,738,300 ) Balance as of December 31, 2016 $ 476,571,140

Other Intangibles (Tables)

Other Intangibles (Tables)	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Other Intangibles Acquired	Other intangibles are comprised of the following: December 31, December 31, 2015 2016 Advertiser relationships $ 1,098,279 $ 1,355,879 Advertiser lists — 16,251 Other intangibles — 25,641 1,098,279 1,397,771 Less accumulated amortization (554,041 ) (862,189 ) $ 544,238 $ 535,582
Summary of Estimated Future Amortization Expense Related to Intangible Assets	The Company recorded amortization expense of $0.8 million and $2.7 million for the years ended December 31, 2015 and 2016, respectively. Estimated future amortization expense related to intangible assets subject to amortization for the next five years is as follows: 2017 $ 250,072 2018 136,310 2019 74,585 2020 38,012 2021 10,962 Total $ 509,941

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	12 Months Ended
	Dec. 31, 2016
Other Liabilities Disclosure [Abstract]
Summary of Other Current Liabilities	Other current liabilities are comprised of the following: December 31, 2015 2016 Accrued payroll expenses $ 2,247,886 $ 10,667,203 Deferred revenue 1,156,510 1,798,443 Dividends payable 1,032,573 1,280,410 Trade sales payable 761,344 1,082,702 Deferred rent 560,169 1,164,609 Other accrued expenses 1,829,624 5,180,052 $ 7,588,106 $ 21,173,419

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt is comprised of the following: December 31, December 31, 2015 2016 Term loan $ 89,000,000 $ 265,000,000 Revolving credit facility — 3,000,000 Capital lease obligations 750,216 691,951 89,750,216 268,691,951 Less unamortized debt issuance costs (1,804,390 ) (14,313,703 ) 87,945,826 254,378,248 Less current installments (1,484,048 ) (6,686,077 ) $ 86,461,778 $ 247,692,171
Scheduled Repayments of Capital Lease Obligations	The aggregate scheduled principal repayments of the credit facility and capital lease obligations for the next five years and thereafter are as follows: 2017 $ 6,686,077 2018 6,689,020 2019 13,317,101 2020 13,320,326 2021 13,323,700 Thereafter 215,355,727 Total $ 268,691,951

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2016
Postemployment Benefits [Abstract]
Summary of Change in Projected Benefit Obligation	The following tables summarize the Pension Plan, SERP and Postretirement Benefits as of December 31, 2016: Pension Plan SERP Postretirement Benefits Change in Projected Benefit Obligation Benefit obligation at beginning of year $ — $ — $ — Service cost — — 8,169 Interest cost 530,839 51,696 11,097 Plan participants’ contributions — — 1,939 Actuarial (gain) loss (965,046 ) (415,416 ) (103,396 ) Business combinations 88,705,097 9,154,118 1,859,010 Benefits paid (409,084 ) (38,550 ) (20,396 ) Benefit obligation at end of year $ 87,861,806 $ 8,751,848 $ 1,756,423
Summary of Change in Plan Assets	Pension Plan SERP Postretirement Benefits Change in Plan Assets Fair value of plan assets at beginning of year $ — $ — $ — Actual return on plan assets (1,731,372 ) — — Employer contribution — 38,550 18,457 Business combinations 86,008,964 — — Plan participants’ contributions — — 1,939 Benefits paid (409,084 ) (38,550 ) (20,396 ) Fair value of plan assets at end of year $ 83,868,508 $ — $ — Funded Status $ (3,993,298 ) $ (8,751,848 ) $ (1,756,423 ) Unrecognized net actuarial (gain) loss 1,767,058 (415,416 ) (103,396 ) Cumulative employer contributions in excess of the net periodic pension cost $ (2,226,240 ) $ (9,167,264 ) $ (1,859,819 )
Summary of Amounts Recognized in Statement of Financial Position	Pension Plan SERP Postretirement Benefits Amounts Recognized in the Statement of Financial Position Noncurrent assets $ — $ — $ — Current liabilities — (422,656 ) (113,268 ) Noncurrent liabilities (3,993,298 ) (8,329,192 ) (1,643,155 ) Net amount recognized $ (3,993,298 ) $ (8,751,848 ) $ (1,756,423 )
Summary of Amounts Recognized in Accumulated Other Comprehensive Income	Pension Plan SERP Postretirement Benefits Amounts Recognized in Accumulated Other Comprehensive Income Net actuarial loss (gain) $ 1,767,058 $ (415,416 ) $ (103,396 ) Total (before tax effects) $ 1,767,058 $ (415,416 ) $ (103,396 )
Summary of Information for Pension Plans With Accumulated Benefit Obligation in Excess of Plan Assets	SERP Postretirement Benefits Information for Pension Plans with an Accumulated Benefit Obligation in excess of Plan Assets Projected benefit obligation $ 87,861,806 $ 8,751,848 $ — Accumulated benefit obligation $ 87,861,806 $ 8,751,848 $ — Fair value of plan assets $ 83,868,508 $ — $ —
Summary of Weighted-Average Assumptions for Disclosure	Pension Plan SERP Postretirement Benefits Weighted-average assumptions for Disclosure Discount rate 3.62 % 3.80 % 4.00 % Rate of compensation increase N/A N/A N/A
Summary of Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Income	Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Income Pension Plan SERP Postretirement Benefits Net periodic benefit cost Service cost $ — $ — $ 8,169 Interest cost 530,839 51,696 11,097 Expected return on plan assets (1,000,732 ) — — Net periodic benefit cost $ (469,893 ) $ 51,696 $ 19,266
Summary of Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income	Pension Plan SERP Postretirement Benefits Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income Net actuarial (gain) loss $ 1,767,058 $ (415,416 ) $ (103,396 ) Total recognized in other comprehensive income (before tax effects) $ 1,767,058 $ (415,416 ) $ (103,396 ) Total recognized in net benefit cost and other comprehensive income (before tax effects) $ 1,297,165 $ (363,720 ) $ (84,130 )
Summary of Amounts Expected to be Recognized in Net Periodic Cost in Coming Year	Pension Plan SERP Postretirement Benefits Amounts Expected to be Recognized in Net Periodic Cost in the Coming Year (Gain) loss recognition $ — $ — $ — Prior service cost recognition $ — $ — $ — Net initial obligation (asset) recognition $ — $ — $ —
Summary of Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost	Pension Plan SERP Postretirement Benefits Weighted-average assumptions used to determine Net Periodic Benefit Cost Discount rate 3.60 % 3.40 % 3.60 % Expected return on plan assets 7.00 % N/A N/A Rate of compensation increase N/A N/A N/A Corridor 10.00 % 10.00 % 10.00 %
Summary of Weighted-Average Assets Allocation	Pension Plan SERP Postretirement Benefits Weighted-Average Assets Allocation Equity securities 28.92 % N/A N/A Fixed income 71.08 % N/A N/A Total 100.00 % N/A N/A
Schedule of Asset Category	Pension Plan SERP Postretirement Benefits Asset Category (all Level 1) U.S. equity funds 8,859,295 N/A N/A International equity funds 15,495,346 N/A N/A Fixed income funds 59,859,194 N/A N/A Total 84,213,835 N/A N/A
Summary of Estimated Future Benefit Payments	Pension Plan SERP Postretirement Benefits Estimated Future Benefit Payments 2017 $ 3,062,240 $ 422,656 $ 113,268 2018 $ 3,268,248 $ 469,239 $ 109,952 2019 $ 3,513,785 $ 479,770 $ 106,890 2020 $ 3,683,327 $ 482,753 $ 103,798 2021 $ 3,829,459 $ 509,468 $ 100,782 2022-2026 $ 21,960,276 $ 2,641,620 $ 474,413
Summary of Estimated Contributions	Pension Plan SERP Postretirement Benefits Contributions Estimated contributions for 2017 $ — $ 422,656 $ 113,268

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Restricted Stock Activity	A summary of restricted stock activity under the 2007 Plan is presented below: Shares Weighted- Grant-Date Unvested as of January 1, 2015 271,425 $ 8.20 Granted 185,076 5.20 Vested (161,176 ) 8.22 Forfeited (10,866 ) 5.14 Unvested as of December 31, 2015 284,459 5.98 Granted 256,830 4.35 Vested (180,526 ) 5.69 Forfeited (17,250 ) 3.70 Unvested as of December 31, 2016 343,513 $ 4.70

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense	Income tax expense is as follows: Year ended December 31, 2015 2016 Current: Federal $ 1,624,206 $ 789,150 State 226,470 264,707 1,850,676 1,053,857 Deferred: Federal 2,123,431 2,172,740 State (333,320 ) 5,071,205 1,790,111 7,243,945 $ 3,640,787 $ 8,297,802
Schedule of Income Tax Expense , Federal Statutory Rate	Income tax expense differs from the amounts that would result from applying the federal statutory rate of 35% to the Company’s income before taxes as follows: Year ended December 31, 2015 2016 Expected tax expense $ 3,501,088 $ 19,525,175 State income taxes, net of federal benefit 331,177 552,499 Gain on merger — (15,941,611 ) Tax rate adjustments (400,629 ) 2,915,844 Change in valuation allowance (36,696 ) (65,900 ) Non-deductible 265,075 1,147,565 Other (19,228 ) 164,230 $ 3,640,787 $ 8,297,802
Schedule of Components of Deferred Tax Assets and Liabilities	Temporary differences that give rise to the components of deferred tax assets and liabilities are as follows: December 31, 2015 2016 Deferred tax assets: Allowance for doubtful accounts $ 319,049 $ 625,317 Goodwill — 8,782,364 Other assets 15,752 (42,787 ) Accrued expenses 212,808 1,497,317 Other long-term liabilities 688,462 6,353,590 Stock-based compensation 321,860 248,046 Net operating losses 277,235 3,750,420 Subtotal 1,835,166 21,214,267 Valuation allowance (594,079 ) (528,179 ) Total 1,241,087 20,686,088 Deferred tax liabilities: Prepaid expenses (382,250 ) (874,495 ) Property and equipment (2,907,439 ) (6,110,234 ) Intangibles (75,690,599 ) (174,240,627 ) Total (78,980,288 ) (181,225,356 ) Net deferred tax liabilities $ (77,739,201 ) $ (160,539,268 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Schedule of Net Income Per Share	Net income per share calculation information is as follows: Year ended December 31, 2015 2016 Net income $ 6,362,322 $ 47,488,413 Weighted-average shares outstanding: Basic 22,911,727 23,787,485 Effect of dilutive restricted stock 113,993 131,820 Effect of dilutive contingently issuable shares — 31,653 Diluted 23,025,720 23,950,958 Net income per Class A and Class B common share - basic $ 0.28 $ 2.00 Net income per Class A and Class B common share - diluted $ 0.28 $ 1.98

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2016
Future Minimum Payments to Third Parties for Next Five Years and Thereafter	As of December 31, 2016, future minimum payments to third parties for the next five years and thereafter are summarized as follows: 2017 $ 22,660,192 2018 13,270,002 2019 7,459,091 2020 7,044,285 2021 5,986,126 Thereafter 13,552,503 Total $ 69,972,199
Related Party [Member]
Future Minimum Payments to Third Parties for Next Five Years and Thereafter	As of December 31, 2016, future minimum payments to related parties for the next five years and thereafter are summarized as follows: 2017 $ 1,032,043 2018 1,046,714 2019 783,772 2020 652,230 2021 225,974 Thereafter 843,505 Total $ 4,584,238

Nature of Business - Additional

Nature of Business - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2016Radio_StationsSegment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments | Segment	1
Radio station owns and operated by entity | Radio_Stations	63

Summary of Significant Accoun43

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Summary Of Significant Accounting Policies [Line Items]
Renewable terms of FCC broadcasting licenses	8 years
Weighted-average period before the next renewal of the Company's FCC broadcasting licenses	3 years 10 months 24 days
Advertising agency commissions of gross revenue	15.00%
Barter sales revenue from Broadcasting Service	$ 5.3	$ 3.7
Barter sales expenses from Broadcasting Service	$ 5.1	$ 4
Geographic Concentration Risk [Member] | Sales Revenue, Net [Member]
Summary Of Significant Accounting Policies [Line Items]
Radio stations contributed to net revenue	43.50%	49.70%
Quu Inc. [Member]
Summary Of Significant Accounting Policies [Line Items]
Carrying value of the investment	$ 0.9	$ 0.9
LN2 DB, LLC [Member]
Summary Of Significant Accounting Policies [Line Items]
Carrying value of the investment	$ 1	$ 0.8

Acquisitions and Dispositions -

Acquisitions and Dispositions - Additional Information (Detail) - USD ($)	Feb. 03, 2017	Nov. 01, 2016	Oct. 18, 2016	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Feb. 27, 2017
Business Acquisition [Line Items]
Merger and exchange expenses					$ 6,381,198	$ 349,917
Additional consideration recorded as gain on acquisition					45,547,460
Finite lived intangible assets gross					1,397,771	1,098,279
Net revenue					136,665,344	105,946,670
Operating expenses					96,705,989	75,609,147
Proceeds from sale assets held for sale			$ 24,000,000
Beneficial interest in trust					19,947,261
Gain on sale of assets				$ 100,000
Advertiser Relationships [Member]
Business Acquisition [Line Items]
Finite lived intangible assets gross					1,355,879	1,098,279
Disposal Group, Not Discontinued Operations [Member]
Business Acquisition [Line Items]
Business acquisition, pre tax income					$ 600,000	$ 100,000
Greater Media Inc [Member]
Business Acquisition [Line Items]
Merger agreement date		Nov. 1, 2016
Aggregate purchase price		$ 113,863,330
Refinancing of outstanding debt and payment of certain transaction expenses		82,177,895
Proceeds to be paid to stockholders in cash		$ 94,444,148
Number of shares equal to payment to stockholders		5,422,993
Fixed value of share		$ 4.61
Cash proceeds to stockholders from sale of tower assets		$ 24,000,000
Fair value of share					$ 4.80
Estimate of net operating loss carry forwards					$ 3,600,000
Additional consideration recorded as gain on acquisition		44,281,066			45,500,000
Business acquisition, sales price		$ 28,000,000
Business acquisition, number of shares expected to be returned		650,759
Business acquisition fair value of shares returned		$ 3,400,000			$ 3,700,000
Business acquisition, projected share price		$ 5.16			$ 5.70
Additional consideration recorded as gain on acquisition					$ 400,000
Contractual amount of accounts receivable		$ 31,000,000
Net revenue					22,700,000
Operating expenses					17,100,000
Greater Media Inc [Member] | Advertising Contracts [Member]
Business Acquisition [Line Items]
Finite lived intangible assets gross		2,400,000			$ 2,400,000
Estimated useful lives					2 months
Greater Media Inc [Member] | Advertiser Relationships [Member]
Business Acquisition [Line Items]
Finite lived intangible assets gross					$ 300,000
Estimated useful lives					6 years
Greater Media Inc [Member] | Class A Common Stock [Member]
Business Acquisition [Line Items]
Proceeds to be paid to stockholders in shares		25,000,000
Value of shares issuable upon acquisition		26,000,000
Greater Media Inc [Member] | Class A Common Stock [Member] | Common Stock to be Held in Escrow [Member]
Business Acquisition [Line Items]
Proceeds to be paid to stockholders in shares		$ 4,200,000
Number of shares equal to payment to stockholders		867,679
Greater Media Inc [Member] | Class A Common Stock [Member] | Shares Released from Escrow [Member]
Business Acquisition [Line Items]
Proceeds to be paid to stockholders in shares		$ 900,000
Number of shares equal to payment to stockholders		189,915
Value of shares forfeited upon acquisition		$ 3,300,000
Additional consideration recorded as gain on acquisition					$ 900,000
Subsequent Event [Member]
Business Acquisition [Line Items]
Proceeds from sale assets held for sale	$ 11,000,000
Subsequent Event [Member] | Greater Media Inc [Member]
Business Acquisition [Line Items]
Business acquisition, sales price							$ 28,000,000

Acquisitions and Dispositions45

Acquisitions and Dispositions - Schedule of Preliminary Purchase Price Allocation (Detail) - USD ($)	Nov. 01, 2016	Dec. 31, 2016
Business Acquisition [Line Items]
Gain on merger		$ (45,547,460)
Greater Media Inc [Member]
Business Acquisition [Line Items]
Cash and cash equivalents	$ 7,683,950
Accounts receivable	29,889,677
Prepaid expenses	1,710,924
Other current assets	541,460
Property and equipment	40,642,648
FCC broadcasting licenses	263,260,200
Other intangibles, net	2,790,524
Other assets	676,632
Accounts payable	(429,042)
Other current liabilities	(16,685,309)
Long-term debt	(82,177,895)
Deferred tax liabilities	(76,050,112)
Other long-term liabilities	(13,709,261)
Net assets acquired	158,144,396
Gain on merger	(44,281,066)	$ (45,500,000)
Preliminary purchase price	113,863,330
Cash	94,444,148
Stock issued	21,865,506
Estimated tower sale adjustment	(3,357,916)
Stock issued in escrow	4,164,859
Estimated working capital adjustment	(3,253,267)
Preliminary purchase price	$ 113,863,330

Acquisitions and Dispositions46

Acquisitions and Dispositions - Schedule of Changes in Gain on Merger (Detail)	12 Months Ended
	Dec. 31, 2016USD ($)
Business Combinations [Abstract]
Gain on merger, beginning balance	$ 44,281,066
Estimated tower sale adjustment	351,410
Estimated working capital adjustment	914,984
Gain on merger, ending balance	$ 45,547,460

Acquisitions and Dispositions47

Acquisitions and Dispositions - Schedule of Assumptions Used in Valuation of FCC Broadcasting Licenses (Detail)	12 Months Ended
	Dec. 31, 2016
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Revenue growth rates	2.50%
Discount rate	9.50%
Greater Media Inc [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount rate	9.00%
Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Operating income margins at maturity	23.50%
Minimum [Member] | Greater Media Inc [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Revenue growth rates	0.30%
Market revenue shares at maturity	12.60%
Operating income margins at maturity	15.00%
Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Operating income margins at maturity	50.00%
Maximum [Member] | Greater Media Inc [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Revenue growth rates	1.30%
Market revenue shares at maturity	48.00%
Operating income margins at maturity	31.30%

Acquisitions and Dispositions48

Acquisitions and Dispositions - Summary of Pro forma Information (Detail) - Greater Media Inc [Member] - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Net revenue	$ 247,321,972	$ 240,301,616
Operating income	33,997,174	32,685,667
Net income	$ 8,893,930	$ 8,419,218
Basic and diluted net income per share	$ 0.31	$ 0.30

Acquisitions and Dispositions49

Acquisitions and Dispositions - Summary of Assets Held For Sale (Detail) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale	$ 11,320,286	$ 11,159,588
WFNZ-AM [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale	3,869,247	3,921,523
WFNZ-AM [Member] | FCC Broadcasting License [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale	2,166,400	2,166,400
WIKS-FM, WMGV-FM, WNCT-AM, WNCT-FM, WSFL-FM and WXNR-FM [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale	7,342,904	7,238,065
WIKS-FM, WMGV-FM, WNCT-AM, WNCT-FM, WSFL-FM and WXNR-FM [Member] | FCC Broadcasting License [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale	3,998,940	3,998,940
Property, Plant and Equipment [Member] | WFNZ-AM [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale	1,702,847	1,755,123
Property, Plant and Equipment [Member] | WIKS-FM, WMGV-FM, WNCT-AM, WNCT-FM, WSFL-FM and WXNR-FM [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale	1,400,615	1,295,776
Goodwill [Member] | WIKS-FM, WMGV-FM, WNCT-AM, WNCT-FM, WSFL-FM and WXNR-FM [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale	$ 1,943,349	$ 1,943,349

Restricted Cash - Additional In

Restricted Cash - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Restricted Cash and Cash Equivalents Items [Line Items]
Change in restricted cash	$ (743,195)	$ 743,195
Days to complete acquisition of replacement property period	180 days
Sale of Radio Tower [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Change in restricted cash	$ 700,000

Property and Equipment - Summar

Property and Equipment - Summary of Property and Equipment (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 80,890,736	$ 42,433,750
Less accumulated depreciation and amortization	(20,723,924)	(17,961,296)
Property and equipment, net	60,166,812	24,472,454
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	18,789,852	7,854,348
Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	19,602,568	8,791,840
Broadcast Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	33,834,907	20,040,318
Transportation Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,883,038	1,198,758
Estimated useful lives (years)	5 years
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 5,201,349	3,349,150
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,579,022	$ 1,199,336
Minimum [Member] | Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives (years)	15 years
Minimum [Member] | Broadcast Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives (years)	5 years
Minimum [Member] | Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives (years)	5 years
Maximum [Member] | Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives (years)	30 years
Maximum [Member] | Broadcast Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives (years)	15 years
Maximum [Member] | Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives (years)	10 years

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)Radio_Stations	Dec. 31, 2015USD ($)
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 3.5	$ 3
Broadcast Equipment [Member]
Property, Plant and Equipment [Line Items]
Number of radio towers leased for radio stations under separate lease agreements | Radio_Stations	2
Capital leased property and equipment	$ 0.7	$ 0.8

FCC Broadcasting Licenses - Car

FCC Broadcasting Licenses - Carrying Amount of Broadcasting Licenses (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Nov. 01, 2016
FCC Broadcasting Licenses [Line Items]
Beginning Balance	$ 228,554,165
Ending Balance	476,571,140	$ 228,554,165
FCC Broadcasting License [Member]
FCC Broadcasting Licenses [Line Items]
Beginning Balance	228,554,165	234,328,330
Assets held for sale reclassification		(6,165,340)
Beneficial interest in trust reclassification	(15,738,300)
Ending Balance	476,571,140	228,554,165
Translator Licenses [Member] | FCC Broadcasting License [Member]
FCC Broadcasting Licenses [Line Items]
Assets acquisitions	495,075	$ 391,175
Greater Media Inc [Member]
FCC Broadcasting Licenses [Line Items]
Assets acquisitions			$ 263,260,200
Greater Media Inc [Member] | FCC Broadcasting License [Member]
FCC Broadcasting Licenses [Line Items]
Assets acquisitions	$ 263,260,200

Goodwill - Additional Informati

Goodwill - Additional Information (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2016	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in carrying amount of goodwill		$ 0
Impairment loss	$ 3,500,000		$ 3,520,933
Percentage of impairment loss of goodwill	100.00%

Goodwill - Summary of Carrying

Goodwill - Summary of Carrying Amount of Goodwill (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Beginning Balance		$ 8,857,516
Assets held for sale reclassification		(1,943,349)
Impairment loss	$ (3,500,000)	(3,520,933)
Ending Balance		$ 3,393,234

Goodwill - Schedule of Key Assu

Goodwill - Schedule of Key Assumptions in Discounted Cash Flow Analysis (Detail)	12 Months Ended
	Dec. 31, 2016
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Long-term revenue growth rate	2.50%
Discount rate	9.50%
Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Station operating income margins	23.50%
Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Station operating income margins	50.00%

Other Intangibles - Summary of

Other Intangibles - Summary of Other Intangibles Acquired (Detail) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Finite lived intangible assets	$ 1,397,771	$ 1,098,279
Less accumulated amortization	(862,189)	(554,041)
Finite lived intangible assets net	535,582	544,238
Advertiser Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite lived intangible assets	1,355,879	$ 1,098,279
Advertiser Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Finite lived intangible assets	16,251
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite lived intangible assets	$ 25,641

Other Intangibles - Additional

Other Intangibles - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Nov. 01, 2016
Finite-Lived Intangible Assets [Line Items]
Finite lived intangible assets	$ 1,397,771	$ 1,098,279
Amortization expense	2,700,000	$ 800,000
Advertising Contracts [Member] | Greater Media Inc [Member]
Finite-Lived Intangible Assets [Line Items]
Finite lived intangible assets	$ 2,400,000		$ 2,400,000

Other Intangibles - Summary o59

Other Intangibles - Summary of Estimated Future Amortization Expense Related to Intangible Assets (Detail)	Dec. 31, 2016USD ($)
Intangible Liability Disclosure [Abstract]
2,017	$ 250,072
2,018	136,310
2,019	74,585
2,020	38,012
2,021	10,962
Total	$ 509,941

Other Current Liabilities - Sum

Other Current Liabilities - Summary of Other Current Liabilities (Detail) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Other Liabilities Disclosure [Abstract]
Accrued payroll expenses	$ 10,667,203	$ 2,247,886
Deferred revenue	1,798,443	1,156,510
Dividends payable	1,280,410	1,032,573
Trade sales payable	1,082,702	761,344
Deferred rent	1,164,609	560,169
Other accrued expenses	5,180,052	1,829,624
Other current liabilities	$ 21,173,419	$ 7,588,106

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Line of Credit Facility [Line Items]
Capital lease obligations	$ 691,951	$ 750,216
Long-term debt, including capital lease obligations	268,691,951	89,750,216
Less unamortized debt issuance costs	(14,313,703)	(1,804,390)
Long-term debt	254,378,248	87,945,826
Long-term debt	254,378,248	87,945,826
Less current installments	(6,686,077)	(1,484,048)
Long-term debt, net of current portion	247,692,171	86,461,778
Term Loan [Member]
Line of Credit Facility [Line Items]
Long-term debt	265,000,000	$ 89,000,000
Revolving Credit Loan [Member]
Line of Credit Facility [Line Items]
Revolving credit facility	$ 3,000,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail)	Nov. 01, 2016	Dec. 31, 2016USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Line of Credit Facility [Line Items]
Loss on modification of long-term debt		$ 800,000	$ 769,819	$ 558,856
Maximum [Member]
Line of Credit Facility [Line Items]
Long-term Debt Covenants Aggregate Leverage Ratio			2.5
Term Loan [Member]
Line of Credit Facility [Line Items]
Long-term debt		$ 265,000,000	$ 265,000,000	89,000,000
Revolving credit loan and term loan carried interest		7.00%	7.00%
Revolving credit facility and term loan maturity date			Nov. 1, 2023
Term Loan [Member] | Floor Rate [Member]
Line of Credit Facility [Line Items]
Term loan facility interest rate	1.00%
Revolving Credit Loan [Member]
Line of Credit Facility [Line Items]
Revolving credit facility maximum commitment		$ 20,000,000	$ 20,000,000	$ 20,000,000
Revolving credit loan and term loan carried interest		6.80%	6.80%
Remaining commitments under the revolving credit loan facility		$ 17,000,000	$ 17,000,000
Revolving credit facility		3,000,000	$ 3,000,000
Revolving credit facility and term loan maturity date			Nov. 1, 2021
Fiscal Quarter from March 31, 2017 through March 31, 2018 [Member] | First Mortgage [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Long-term Debt Covenants Aggregate Leverage Ratio			6.25
June 30, 2018 Through September 30, 2018 [Member] | First Mortgage [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Long-term Debt Covenants Aggregate Leverage Ratio			6
December 31, 2018 through September 30, 2019 [Member] | First Mortgage [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Long-term Debt Covenants Aggregate Leverage Ratio			5.75
December 31, 2019 and thereafter [Member] | First Mortgage [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Long-term Debt Covenants Aggregate Leverage Ratio			5.25
Existing Credit Agreement [Member]
Line of Credit Facility [Line Items]
Long-term debt		$ 268,000,000	$ 268,000,000
Revolving credit loan and term loan carried interest				3.90%
Revolving credit facility and term loan maturity date			Nov. 1, 2021
Mandatory prepayments of consolidated excess cash flow due period			105 days
Mandatory prepayments of consolidated excess cash flow required by existing credit agreement			Commencing with the year ending December 31, 2017, the credit agreement requires mandatory prepayments equal to 75% of excess cash flow, as defined in the credit agreement, when the Company’s leverage ratio is greater than 3.75 times its consolidated EBITDA, as defined in the credit agreement. The credit agreement requires mandatory prepayments equal to 50% when the Company’s leverage ratio is less than or equal to 3.75 times and greater than 3.5 times; mandatory prepayments equal to 25% when the Company’s leverage ratio is less than or equal to 3.5 times and greater than 3.0 times; and no mandatory prepayments when the Company’s leverage ratio is less than or equal to 3.0 times.
Existing Credit Agreement [Member] | Leverage Ratio Greater than 3.75 Times [Member]
Line of Credit Facility [Line Items]
Mandatory prepayments of excess cash flow		75.00%	75.00%
Existing Credit Agreement [Member] | Leverage Ratio Less than or Equal To 3.75 Times and Greater than 3.5 Times [Member]
Line of Credit Facility [Line Items]
Mandatory prepayments of excess cash flow		50.00%	50.00%
Existing Credit Agreement [Member] | Leverage Ratio Less than or Equal To 3.5 Times and Greater than 3.0 Times [Member]
Line of Credit Facility [Line Items]
Mandatory prepayments of excess cash flow		25.00%	25.00%
Existing Credit Agreement [Member] | Leverage Ratio Less than or Equal to 3.0 Times [Member]
Line of Credit Facility [Line Items]
Mandatory prepayments of excess cash flow		0.00%	0.00%
New Credit Agreement [Member]
Line of Credit Facility [Line Items]
Credit facility interest rate period increase (decrease)	(0.25%)
Long-term Debt Covenants Aggregate Leverage Ratio	3.75
New Credit Agreement [Member] | LIBOR [Member]
Line of Credit Facility [Line Items]
Credit facility interest rate margins	6.00%
New Credit Agreement [Member] | Base Rate [Member]
Line of Credit Facility [Line Items]
Credit facility interest rate margins	5.00%

Long-Term Debt - Scheduled Repa

Long-Term Debt - Scheduled Repayments of Credit Facility (Detail) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total	$ 268,691,951	$ 89,750,216
New Credit Agreement [Member]
Debt Instrument [Line Items]
2,017	6,686,077
2,018	6,689,020
2,019	13,317,101
2,020	13,320,326
2,021	13,323,700
Thereafter	215,355,727
Total	$ 268,691,951

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Defined Contribution Plan Disclosure [Line Items]
Minimum percentage of employee contribution to defined contribution plan	1.00%
Employer matching contributions to defined contribution plan	$ 0	$ 0
Pension Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined benefit plan, assumption used to calculate discount rate description	The discount rate is based on matching the cash flows of the plan to the spot rates in the Citigroup Pension Discount Curve as of December 31, 2016 and the result is then rounded to the nearest five basis points.
Contributions to the plan	$ 0
Benefit obligations in excess of the fair value of plan assets	$ 87,861,806
Pension Plan [Member] | Equity Securities [Member]
Defined Contribution Plan Disclosure [Line Items]
Cash equivalencies	30.00%
Pension Plan [Member] | Fixed Income [Member]
Defined Contribution Plan Disclosure [Line Items]
Cash equivalencies	70.00%
Supplemental Employee Retirement Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined benefit plan, assumption used to calculate discount rate description	The discount rate is based on matching the cash flows of the plan to the spot rates in the Citigroup Pension Discount Curve as of December 31, 2016 and the result is then rounded to the nearest five basis points.
Contributions to the plan	$ 38,550
Benefit obligations in excess of the fair value of plan assets	$ 8,751,848
Postretirement Benefits [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined benefit plan, assumption used to calculate discount rate description	The discount rate is based on matching the cash flows of the plan to the spot rates in the Citigroup Pension Discount Curve as of December 31, 2016 and the result is then rounded to the nearest five basis points.
Contributions to the plan	$ 18,457
Benefit obligations in excess of the fair value of plan assets	1,756,423
Other Noncurrent Liabilities [Member] | Pension Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Benefit obligations in excess of the fair value of plan assets	4,000,000
Other Noncurrent Liabilities [Member] | Supplemental Employee Retirement Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Benefit obligations in excess of the fair value of plan assets	$ 8,800,000

Employee Benefit Plans - Summar

Employee Benefit Plans - Summary of Change in Benefit Obligation (Detail)	12 Months Ended
	Dec. 31, 2016USD ($)
Pension Plan [Member]
Change in Projected Benefit Obligation
Interest cost	$ 530,839
Actuarial (gain) loss	(965,046)
Business combinations	88,705,097
Benefits paid	(409,084)
Benefit obligation at end of year	87,861,806
Supplemental Employee Retirement Plan [Member]
Change in Projected Benefit Obligation
Interest cost	51,696
Actuarial (gain) loss	(415,416)
Business combinations	9,154,118
Benefits paid	(38,550)
Benefit obligation at end of year	8,751,848
Postretirement Benefits [Member]
Change in Projected Benefit Obligation
Service cost	8,169
Interest cost	11,097
Plan participants' contributions	1,939
Actuarial (gain) loss	(103,396)
Business combinations	1,859,010
Benefits paid	(20,396)
Benefit obligation at end of year	$ 1,756,423

Employee Benefit Plans - Summ66

Employee Benefit Plans - Summary of Change in Plan Assets (Detail)	12 Months Ended
	Dec. 31, 2016USD ($)
Pension Plan [Member]
Change in Plan Assets
Actual return on plan assets	$ (1,731,372)
Employer contribution	0
Business combinations	86,008,964
Benefits paid	(409,084)
Fair value of plan assets at end of year	83,868,508
Funded Status	(3,993,298)
Unrecognized net actuarial (gain) loss	1,767,058
Cumulative employer contributions in excess of the net periodic pension cost	(2,226,240)
Supplemental Employee Retirement Plan [Member]
Change in Plan Assets
Employer contribution	38,550
Benefits paid	(38,550)
Funded Status	(8,751,848)
Unrecognized net actuarial (gain) loss	(415,416)
Cumulative employer contributions in excess of the net periodic pension cost	(9,167,264)
Postretirement Benefits [Member]
Change in Plan Assets
Employer contribution	18,457
Plan participants' contributions	1,939
Benefits paid	(20,396)
Funded Status	(1,756,423)
Unrecognized net actuarial (gain) loss	(103,396)
Cumulative employer contributions in excess of the net periodic pension cost	$ (1,859,819)

Employee Benefit Plans - Summ67

Employee Benefit Plans - Summary of Amounts Recognized in Statement of Financial Position (Detail)	Dec. 31, 2016USD ($)
Pension Plan [Member]
Amounts Recognized in the Statement of Financial Position
Noncurrent assets	$ 0
Noncurrent liabilities	(3,993,298)
Net amount recognized	(3,993,298)
Supplemental Employee Retirement Plan [Member]
Amounts Recognized in the Statement of Financial Position
Noncurrent assets	0
Current liabilities	(422,656)
Noncurrent liabilities	(8,329,192)
Net amount recognized	(8,751,848)
Postretirement Benefits [Member]
Amounts Recognized in the Statement of Financial Position
Noncurrent assets	0
Current liabilities	(113,268)
Noncurrent liabilities	(1,643,155)
Net amount recognized	$ (1,756,423)

Employee Benefit Plans - Summ68

Employee Benefit Plans - Summary of Amounts Recognized in Accumulated Other Comprehensive Income (Detail)	12 Months Ended
	Dec. 31, 2016USD ($)
Pension Plan [Member]
Amounts Recognized in Accumulated Other Comprehensive Income
Net actuarial loss (gain)	$ 1,767,058
Total (before tax effects)	1,767,058
Supplemental Employee Retirement Plan [Member]
Amounts Recognized in Accumulated Other Comprehensive Income
Net actuarial loss (gain)	(415,416)
Total (before tax effects)	(415,416)
Postretirement Benefits [Member]
Amounts Recognized in Accumulated Other Comprehensive Income
Net actuarial loss (gain)	(103,396)
Total (before tax effects)	$ (103,396)

Employee Benefit Plans - Summ69

Employee Benefit Plans - Summary of Information for Pension Plans With Accumulated Benefit Obligation in Excess of Plan Assets (Detail)	Dec. 31, 2016USD ($)
Pension Plan [Member]
Information for Pension Plans with an Accumulated Benefit Obligation in excess of Plan Assets
Projected benefit obligation	$ 87,861,806
Accumulated benefit obligation	87,861,806
Fair value of plan assets	83,868,508
Supplemental Employee Retirement Plan [Member]
Information for Pension Plans with an Accumulated Benefit Obligation in excess of Plan Assets
Projected benefit obligation	8,751,848
Accumulated benefit obligation	$ 8,751,848

Employee Benefit Plans - Summ70

Employee Benefit Plans - Summary of Weighted-Average Assumptions for Disclosure (Detail)	Dec. 31, 2016
Pension Plan [Member]
Weighted-average assumptions for Disclosure
Discount rate	3.62%
Rate of compensation increase	0.00%
Supplemental Employee Retirement Plan [Member]
Weighted-average assumptions for Disclosure
Discount rate	3.80%
Rate of compensation increase	0.00%
Postretirement Benefits [Member]
Weighted-average assumptions for Disclosure
Discount rate	4.00%
Rate of compensation increase	0.00%

Employee Benefit Plans - Summ71

Employee Benefit Plans - Summary of Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Income (Detail)	12 Months Ended
	Dec. 31, 2016USD ($)
Pension Plan [Member]
Net periodic benefit cost
Interest cost	$ 530,839
Expected return on plan assets	(1,000,732)
Net periodic benefit cost	(469,893)
Supplemental Employee Retirement Plan [Member]
Net periodic benefit cost
Interest cost	51,696
Net periodic benefit cost	51,696
Postretirement Benefits [Member]
Net periodic benefit cost
Service cost	8,169
Interest cost	11,097
Net periodic benefit cost	$ 19,266

Employee Benefit Plans - Summ72

Employee Benefit Plans - Summary of Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Detail)	12 Months Ended
	Dec. 31, 2016USD ($)
Pension Plan [Member]
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
Net actuarial (gain) loss	$ 1,767,058
Total recognized in other comprehensive income (before tax effects)	1,767,058
Total recognized in net benefit cost and other comprehensive income (before tax effects)	1,297,165
Supplemental Employee Retirement Plan [Member]
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
Net actuarial (gain) loss	(415,416)
Total recognized in other comprehensive income (before tax effects)	(415,416)
Total recognized in net benefit cost and other comprehensive income (before tax effects)	(363,720)
Postretirement Benefits [Member]
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
Net actuarial (gain) loss	(103,396)
Total recognized in other comprehensive income (before tax effects)	(103,396)
Total recognized in net benefit cost and other comprehensive income (before tax effects)	$ (84,130)

Employee Benefit Plans - Summ73

Employee Benefit Plans - Summary of Amounts Expected to be Recognized in Net Periodic Cost in Coming Year (Detail)	12 Months Ended
	Dec. 31, 2016USD ($)
Pension Plan [Member]
Amounts Expected to be Recognized in Net Periodic Cost in the Coming Year
(Gain) loss recognition	$ 0
Prior service cost recognition	0
Net initial obligation (asset) recognition	0
Supplemental Employee Retirement Plan [Member]
Amounts Expected to be Recognized in Net Periodic Cost in the Coming Year
(Gain) loss recognition	0
Prior service cost recognition	0
Net initial obligation (asset) recognition	0
Postretirement Benefits [Member]
Amounts Expected to be Recognized in Net Periodic Cost in the Coming Year
(Gain) loss recognition	0
Prior service cost recognition	0
Net initial obligation (asset) recognition	$ 0

Employee Benefit Plans - Summ74

Employee Benefit Plans - Summary of Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost (Detail)	12 Months Ended
	Dec. 31, 2016
Pension Plan [Member]
Weighted-average assumptions used to determine Net Periodic Benefit Cost
Discount rate	3.60%
Expected return on plan assets	7.00%
Rate of compensation increase	0.00%
Corridor	10.00%
Supplemental Employee Retirement Plan [Member]
Weighted-average assumptions used to determine Net Periodic Benefit Cost
Discount rate	3.40%
Rate of compensation increase	0.00%
Corridor	10.00%
Postretirement Benefits [Member]
Weighted-average assumptions used to determine Net Periodic Benefit Cost
Discount rate	3.60%
Rate of compensation increase	0.00%
Corridor	10.00%

Employee Benefit Plans - Summ75

Employee Benefit Plans - Summary of Weighted-Average Assets Allocation (Detail) - Pension Plan [Member]	Dec. 31, 2016
Weighted-Average Assets Allocation
Cash equivalencies	100.00%
Equity Securities [Member]
Weighted-Average Assets Allocation
Cash equivalencies	28.92%
Fixed Income [Member]
Weighted-Average Assets Allocation
Cash equivalencies	71.08%

Employee Benefit Plans - Schedu

Employee Benefit Plans - Schedule of Asset Category (Detail) - Pension Plan [Member]	Dec. 31, 2016USD ($)
Defined Contribution Plan Disclosure [Line Items]
Fixed income funds	$ 83,868,508
U.S. Equity Funds [Member]
Defined Contribution Plan Disclosure [Line Items]
Fixed income funds	8,859,295
International Equity Funds [Member]
Defined Contribution Plan Disclosure [Line Items]
Fixed income funds	15,495,346
Fixed Income Funds [Member]
Defined Contribution Plan Disclosure [Line Items]
Fixed income funds	$ 59,859,194

Employee Benefit Plans - Summ77

Employee Benefit Plans - Summary of Estimated Future Benefit Payments (Detail)	Dec. 31, 2016USD ($)
Pension Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
2,017	$ 3,062,240
2,018	3,268,248
2,019	3,513,785
2,020	3,683,327
2,021	3,829,459
2022-2026	21,960,276
Supplemental Employee Retirement Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
2,017	422,656
2,018	469,239
2,019	479,770
2,020	482,753
2,021	509,468
2022-2026	2,641,620
Postretirement Benefits [Member]
Defined Contribution Plan Disclosure [Line Items]
2,017	113,268
2,018	109,952
2,019	106,890
2,020	103,798
2,021	100,782
2022-2026	$ 474,413

Employee Benefit Plans - Summ78

Employee Benefit Plans - Summary of Estimated Contributions (Detail)	12 Months Ended
	Dec. 31, 2016USD ($)
Supplemental Employee Retirement Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Estimated contributions for 2017	$ 422,656
Postretirement Benefits [Member]
Defined Contribution Plan Disclosure [Line Items]
Estimated contributions for 2017	$ 113,268

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail)	Jan. 06, 2017USD ($)	Nov. 01, 2016	Dec. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2015USD ($)
Class of Stock [Line Items]
Condition of electing directors by class a and class b common stock vote			In the election of directors, the holders of Class A common stock are entitled by class vote, exclusive of other stockholders, to elect two of the Company's directors, with each Class A share being entitled to one vote. In the election of the other six directors and all other matters submitted to the stockholders for a vote, the holders of Class A shares and Class B shares shall vote as a single class, with each Class A share being entitled to one vote and each Class B share entitled to ten votes.
Aggregate amount permitted for share repurchases			$ 2,500,000
Payments for treasury stock			$ 198,152	$ 254,405
Payments for treasury stock, shares | shares			55,808
Total leverage ratio			3.50%
Cash dividends paid			$ 4,140,864	$ 4,121,804
Maximum [Member]
Class of Stock [Line Items]
Long-term Debt Covenants Aggregate Leverage Ratio			2.5
New Credit Agreement [Member]
Class of Stock [Line Items]
Long-term Debt Covenants Aggregate Leverage Ratio		3.75
New Credit Agreement [Member] | Maximum [Member]
Class of Stock [Line Items]
Total leverage ratio			3.75%
Leverage Ratio Less Than 3.5 [Member]
Class of Stock [Line Items]
Shares of common stock to be repurchased when leverage rate is greater than threshold specified			$ 6,500,000
Leverage Ratio Greater Than or Equal to 3.5 [Member]
Class of Stock [Line Items]
Shares of common stock to be repurchased when leverage rate is greater than threshold specified			$ 7,500,000
Class A Common Stock [Member]
Class of Stock [Line Items]
Dividend declared per share | $ / shares			$ 0.045
Class B Common Stock [Member]
Class of Stock [Line Items]
Dividend declared per share | $ / shares			$ 0.045
Subsequent Event [Member]
Class of Stock [Line Items]
Cash dividends paid	$ 1,300,000

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - 2007 Plan [Member] $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost related to restricted stock granted | $	$ 0.8
Cost expected to be recognized over a weighted-average period	2 years 2 months 12 days
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards, vest, period	1 year
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards, vest, period	5 years
Class A Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized | shares	4,000,000

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Activity (Detail) - 2007 Plan [Member] - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested Shares, Beginning Balance	284,459	271,425
Granted, Shares	256,830	185,076
Vested, Shares	(180,526)	(161,176)
Forfeited, Shares	(17,250)	(10,866)
Unvested Shares, Ending Balance	343,513	284,459
Unvested, Weighted-Average Grant-Date Fair Value, Beginning Balance	$ 5.98	$ 8.20
Granted, Weighted-Average Grant-Date Fair Value	4.35	5.20
Vested, Weighted-Average Grant-Date Fair Value	5.69	8.22
Forfeited, Weighted-Average Grant-Date Fair Value	3.70	5.14
Unvested, Weighted-Average Grant-Date Fair Value, Ending Balance	$ 4.70	$ 5.98

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Expense (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Current:
Federal	$ 789,150	$ 1,624,206
State	264,707	226,470
Current Income Tax Expense	1,053,857	1,850,676
Deferred:
Federal	2,172,740	2,123,431
State	5,071,205	(333,320)
Deferred Income Tax Expense	7,243,945	1,790,111
Income Tax Expense (Benefit)	$ 8,297,802	$ 3,640,787

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)
Income Tax Disclosure [Abstract]
Federal statutory rate	35.00%
Net operating losses, state	$ 52.2
Net operating losses expiration date	2,035
Net operating losses, federal	$ 2.2

Income Taxes - Schedule of In84

Income Taxes - Schedule of Income Tax Expense , Federal Statutory Rate (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Expected tax expense	$ 19,525,175	$ 3,501,088
State income taxes, net of federal benefit	552,499	331,177
Gain on merger	(15,941,611)
Tax rate adjustments	2,915,844	(400,629)
Change in valuation allowance	(65,900)	(36,696)
Non-deductible items	1,147,565	265,075
Other	164,230	(19,228)
Income Tax Expense (Benefit)	$ 8,297,802	$ 3,640,787

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Deferred Tax Assets and Liabilities (Detail) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets:
Allowance for doubtful accounts	$ 625,317	$ 319,049
Goodwill	8,782,364
Other assets	(42,787)	15,752
Accrued expenses	1,497,317	212,808
Other long-term liabilities	6,353,590	688,462
Stock-based compensation	248,046	321,860
Net operating losses	3,750,420	277,235
Subtotal	21,214,267	1,835,166
Valuation allowance	(528,179)	(594,079)
Total	20,686,088	1,241,087
Deferred tax liabilities:
Prepaid expenses	(874,495)	(382,250)
Property and equipment	(6,110,234)	(2,907,439)
Intangibles	(174,240,627)	(75,690,599)
Total	(181,225,356)	(78,980,288)
Net deferred tax liabilities	$ (160,539,268)	$ (77,739,201)

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Net Income Per Share (Detail) - USD ($)	12 Months Ended		144 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2015
Earnings Per Share [Abstract]
Net income	$ 47,488,413	$ 6,362,322	$ 6,362,322
Weighted-average shares outstanding:
Basic	23,787,485	22,911,727
Effect of dilutive restricted stock	131,820	113,993
Effect of dilutive contingently issuable shares	31,653
Diluted	23,950,958	23,025,720
Net income per Class A and Class B common share - basic	$ 2	$ 0.28
Net income per Class A and Class B common share - diluted	$ 1.98	$ 0.28

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail)

Feb. 22, 2017USD ($)

May 03, 2016USD ($)

Nov. 17, 2015USD ($)Tower

Oct. 16, 2015USD ($)

Apr. 03, 2015USD ($)

Apr. 04, 2014USD ($)

Apr. 10, 2013USD ($)

Jul. 31, 2012USD ($)

Feb. 14, 2012USD ($)

Mar. 25, 2011USD ($)shares

Aug. 04, 2006Radio_Stations

Dec. 31, 2016USD ($)Radio_Stations

Dec. 31, 2015USD ($)Radio_StationsTowerAutomatic_Renewal

Jan. 01, 2015USD ($)

Related Party Transaction [Line Items]

Lease or rental expense

$ 3,700,000

$ 4,400,000

Proceeds from sale of tower

$ 1,737,500

Lease agreement expiration date

Dec. 31, 2025

Number of automatic renewals | Automatic_Renewal

4

Renewal term of lease agreement

5 years

Notes receivable from related parties

$ 1,700,000

Number of radio towers sold to unrelated party | Tower

2

Deferred gain recognized

$ 300,000

Augusta, GA [Member]

Related Party Transaction [Line Items]

Number of radio towers sold for radio station | Tower

1

Proceeds from sale of tower

$ 1,300,000

Charlotte, NC [Member]

Related Party Transaction [Line Items]

Number of radio towers sold for radio station | Tower

1

Proceeds from sale of tower

$ 400,000

Beasley Broadcasting Management, LLC [Member]

Related Party Transaction [Line Items]

Lease or rental expense

200,000

200,000

Beasley Family Towers Inc [Member]

Related Party Transaction [Line Items]

Lease or rental expense

12,000

Deferred gain on sale

800,000

Monthly repayment of prepaid rent to related party

5,500

Repayment of prepaid rent to related party

66,000

8,000

Beasley Family Towers Inc [Member] | Prepaid Rent [Member]

Related Party Transaction [Line Items]

Prepaid expense paid by related party

$ 700,000

Beasley Family Towers Inc [Member] | Notes Receivable [Member]

Related Party Transaction [Line Items]

Interest income on the notes receivable

37,000

Beasley Family Towers Inc [Member] | December 28, 2020 [Member]

Related Party Transaction [Line Items]

Lease or rental expense

$ 500,000

500,000

Lease agreement expiration date

Dec. 28, 2020

Number of radio towers leased for radio stations under separate lease agreements | Radio_Stations

23

Beasley Family Towers Inc [Member] | April 30, 2016 [Member]

Related Party Transaction [Line Items]

Lease or rental expense

$ 0

0

Lease agreement expiration date

Apr. 30, 2021

Number of radio towers leased for radio stations under separate lease agreements | Radio_Stations

1

GGB Augusta, LLC [Member]

Related Party Transaction [Line Items]

Lease or rental expense

$ 42,000

42,000

Lease agreement expiration date

Nov. 1, 2023

GGB Estero, LLC [Member]

Related Party Transaction [Line Items]

Lease or rental expense

$ 200,000

200,000

Lease agreement expiration date

Aug. 31, 2019

GGB Las Vegas, LLC [Member]

Related Party Transaction [Line Items]

Lease or rental expense

$ 200,000

200,000

Lease agreement expiration date

Dec. 31, 2018

Wintersrun Communications Inc [Member]

Related Party Transaction [Line Items]

Lease or rental expense

$ 60,000

24,000

Deferred gain on sale

$ 300,000

Number of radio towers leased for radio stations under separate lease agreements | Radio_Stations

1

Monthly repayment of prepaid rent to related party

$ 2,559

Repayment of prepaid rent to related party

$ 31,000

$ 6,000

Wintersrun Communications Inc [Member] | Prepaid Rent [Member]

Related Party Transaction [Line Items]

Prepaid expense paid by related party

$ 300,000

LN2 DB, LLC [Member]

Related Party Transaction [Line Items]

Additional contribution to related party

$ 166,667

$ 166,667

$ 104,167

$ 104,167

$ 104,167

$ 62,500

$ 250,000

Related party stock purchase | shares

25,000

Percentage of outstanding units ownership interest to LN2 DB, LLC

20.00%

20.00%

20.00%

20.00%

20.00%

20.00%

LN2 DB, LLC [Member] | Subsequent Event [Member]

Related Party Transaction [Line Items]

Additional contribution to related party

$ 150,000

Note bearing interest rate

18.00%

Related Party Transactions - Fu

Related Party Transactions - Future Minimum Payments to Third Parties for Next Five Years and Thereafter (Detail)	Dec. 31, 2016USD ($)
Future Minimum Leases Payments Under Leases (Line Items)
2,017	$ 22,660,192
2,018	13,270,002
2,019	7,459,091
2,020	7,044,285
2,021	5,986,126
Thereafter	13,552,503
Total	69,972,199
Related Party [Member]
Future Minimum Leases Payments Under Leases (Line Items)
2,017	1,032,043
2,018	1,046,714
2,019	783,772
2,020	652,230
2,021	225,974
Thereafter	843,505
Total	$ 4,584,238

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Commitments And Contingencies [Line Items]
Lease or rental expense	$ 3.7	$ 4.4
Minimum [Member]
Commitments And Contingencies [Line Items]
Operating leases of property and equipment from third parties	5 years
Maximum [Member]
Commitments And Contingencies [Line Items]
Operating leases of property and equipment from third parties	30 years

Commitments and Contingencies90

Commitments and Contingencies - Future Minimum Payments to Third Parties for the Next Five Years and Thereafter (Detail)	Dec. 31, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,017	$ 22,660,192
2,018	13,270,002
2,019	7,459,091
2,020	7,044,285
2,021	5,986,126
Thereafter	13,552,503
Total	$ 69,972,199

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Fair Value Of Financial Instruments [Line Items]
Revolving credit facility and capital lease obligations	$ 3,700,000
Long term debt, including capital lease obligations and current installments	268,691,951	$ 89,750,216
Term Loan [Member]
Fair Value Of Financial Instruments [Line Items]
Long-term debt	265,000,000	$ 89,000,000
Fair Value, Inputs, Level 2 [Member] | Term Loan [Member]
Fair Value Of Financial Instruments [Line Items]
Estimated fair value of term loan	$ 268,500,000

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Impairment loss	$ 3,500,000	$ 3,520,933

Schedule I - Valuation and Qual

Schedule I - Valuation and Qualifying Accounts (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Allowance for Doubtful Accounts (Deducted from Accounts Receivable) [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	$ 596,380	$ 544,932
Charged to Costs and Expenses	2,061,553	695,246
Deductions	1,120,580	643,798
Balance at End of Period	1,537,353	596,380
Valuation Allowance for Deferred Tax Assets [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	594,079	630,775
Charged to Costs and Expenses	69,867
Deductions	135,767	36,696
Balance at End of Period	$ 528,179	$ 594,079