Mission Broadcasting 10-Q 13 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 12, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	MISSION BROADCASTING INC
Entity Central Index Key	0001142412
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	No
Entity Filer Category	Non-accelerated Filer
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2019
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		1,000
Entity Shell Company	false
Entity File Number	333-62916-02
Entity Tax Identification Number	510388022
Entity Address, Address Line One	30400 Detroit Road
Entity Address, Address Line Two	Suite 304
Entity Address, City or Town	Westlake
Entity Address, State or Province	Ohio
Entity Address, Postal Zip Code	44145
City Area Code	440
Local Phone Number	526-2227

CONDENSED BALANCE SHEETS (Unaud

CONDENSED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 8,970	$ 10,798
Accounts receivable, net of allowance for doubtful accounts of $249 and $222, respectively	14,236	12,857
Due from Nexstar Broadcasting, Inc.	69,273	77,521
Prepaid expenses and other current assets	621	1,130
Total current assets	93,100	102,306
Property and equipment, net	22,167	19,867
Goodwill	33,187	33,187
FCC licenses	43,102	43,102
Other intangible assets, net	12,702	13,712
Deferred tax assets, net	5,342	3,485
Other noncurrent assets, net	6,654	936
Total assets	216,254	216,595
Current liabilities:
Current portion of debt	2,285	2,285
Current portion of broadcast rights payable	297	325
Accounts payable	1,390	1,832
Interest payable	829	152
Accrued capital expenditures	1,823	1,251
Other accrued expenses	1,892	1,992
Current operating lease liabilities	1,925	721
Total current liabilities	10,441	8,558
Debt	221,560	222,354
Other noncurrent liabilities	10,842	6,820
Total liabilities	242,843	237,732
Commitments and contingencies (Note 10)
Shareholders' deficit:
Common stock - $1 par value, 1,000 shares authorized, issued and outstanding as of each of June 30, 2019 and December 31, 2018	1	1
Subscription receivable	(1)	(1)
Accumulated deficit	(26,589)	(21,137)
Total shareholders' deficit	(26,589)	(21,137)
Total liabilities and shareholders' deficit	$ 216,254	$ 216,595

CONDENSED BALANCE SHEETS (Una_2

CONDENSED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Accounts receivable, allowance for doubtful accounts	$ 249	$ 222
Shareholders' deficit:
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	1,000	1,000
Common stock, shares issued (in shares)	1,000	1,000
Common stock, shares outstanding (in shares)	1,000	1,000

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Net revenue	$ 27,172	$ 26,664	$ 54,341	$ 51,249
Operating expenses (income):
Direct operating expenses, excluding depreciation and amortization	11,995	10,013	24,031	20,160
Selling, general and administrative expenses, excluding depreciation and amortization	998	1,112	1,989	2,328
Fees incurred pursuant to local service agreements with Nexstar Broadcasting, Inc.	14,575	13,250	29,150	26,500
Amortization of broadcast rights	369	409	752	821
Amortization of intangible assets	491	540	1,010	1,084
Depreciation	620	504	1,228	1,021
Reimbursement from the FCC related to station repack	(764)	(187)	(2,300)	(187)
Total operating expenses	28,284	25,641	55,860	51,727
(Loss) Income from operations	(1,112)	1,023	(1,519)	(478)
Interest expense	(2,898)	(2,739)	(5,784)	(5,350)
Loss before income taxes	(4,010)	(1,716)	(7,303)	(5,828)
Income tax benefit	1,016	425	1,851	1,406
Net loss	(2,994)	(1,291)	(5,452)	(4,422)
Net Broadcast Revenue [Member]
Net revenue	18,910	17,606	38,317	33,763
Advertising Revenue [Member] | Nexstar Broadcasting, Inc. [Member]
Net revenue	$ 8,262	$ 9,058	$ 16,024	$ 17,486

CONDENSED STATEMENTS OF CHANGES

CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' DEFICIT (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Subscription Receivable [Member]	Accumulated Deficit [Member]
Balances at Dec. 31, 2017	$ (15,308)	$ 1	$ (1)	$ (15,308)
Balance (in shares) at Dec. 31, 2017		1,000
Net loss	(4,422)			(4,422)
Balances at Jun. 30, 2018	(19,730)	$ 1	(1)	(19,730)
Balance (in shares) at Jun. 30, 2018		1,000
Balances at Mar. 31, 2018	(18,439)	$ 1	(1)	(18,439)
Balance (in shares) at Mar. 31, 2018		1,000
Net loss	(1,291)			(1,291)
Balances at Jun. 30, 2018	(19,730)	$ 1	(1)	(19,730)
Balance (in shares) at Jun. 30, 2018		1,000
Balances at Dec. 31, 2018	$ (21,137)	$ 1	(1)	(21,137)
Balance (in shares) at Dec. 31, 2018	1,000	1,000
Net loss	$ (5,452)			(5,452)
Balances at Jun. 30, 2019	$ (26,589)	$ 1	(1)	(26,589)
Balance (in shares) at Jun. 30, 2019	1,000	1,000
Balances at Mar. 31, 2019	$ (23,595)	$ 1	(1)	(23,595)
Balance (in shares) at Mar. 31, 2019		1,000
Net loss	(2,994)			(2,994)
Balances at Jun. 30, 2019	$ (26,589)	$ 1	$ (1)	$ (26,589)
Balance (in shares) at Jun. 30, 2019	1,000	1,000

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net loss		$ (5,452)	$ (4,422)
Adjustments to reconcile net loss to net cash used in operating activities:
Deferred income tax benefit		(1,857)	(1,458)
Provision for bad debt		27	48
Depreciation of property and equipment		1,228	1,021
Amortization of intangible assets		1,010	1,084
Amortization of debt financing costs and debt discount		354	386
Amortization of broadcast rights		752	821
Payments for broadcast rights		(752)	(817)
Other noncash credits, net		(511)	(99)
Spectrum repack reimbursements from the FCC		(2,300)	(187)
Changes in operating assets and liabilities:
Accounts receivable		(1,406)	1,726
Prepaid expenses and other current assets		404	80
Other noncurrent assets		91	(3)
Accounts payable		(442)	722
Accrued expenses and other current liabilities		577	(8,221)
Other noncurrent liabilities			(217)
Due from Nexstar Broadcasting, Inc.		8,248	8,051
Net cash used in operating activities		(29)	(1,485)
Cash flows from investing activities:
Purchases of property and equipment		(2,956)	(512)
Spectrum repack reimbursements from the FCC		2,300	187
Net cash used in investing activities		(656)	(325)
Cash flows from financing activities:
Repayments of long-term debt		(1,143)	(1,157)
Net cash used in financing activities		(1,143)	(1,157)
Net decrease in cash and cash equivalents		(1,828)	(2,967)
Cash and cash equivalents at beginning of period		10,798	9,524
Cash and cash equivalents at end of period		8,970	6,557
Supplemental information:
Interest paid		4,752	4,845
Income tax (refunded) paid, net		(226)	105
Non-cash investing and financing activities
Accrued purchases of property and equipment		1,823	$ 1,126
Right-of-use assets obtained in exchange for operating lease obligations	[1]	$ 6,450
[1]	The entire amount represents transition adjustment for the adoption of ASC 842.

Organization and Business Opera

Organization and Business Operations	6 Months Ended
	Jun. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization and Business Operations	1. Organization and Business Operations As of June 30, 2019, Mission Broadcasting, Inc. (“Mission” or the “Company”) owned and operated 19 full power television stations, affiliated with the NBC, ABC, CBS, FOX, The CW and other broadcast television networks, in 18 markets located in the states of Arkansas, Colorado, Illinois, Indiana, Louisiana, Missouri, Montana, New York, Pennsylvania, Texas and Vermont Through local service agreements, Nexstar Broadcasting, Inc., a subsidiary of Nexstar Media Group, Inc. (collectively “Nexstar”), provides sales and operating services to all of the Mission television stations (see Note 3). The Company is highly leveraged, which makes it vulnerable to changes in general economic conditions. The Company’s ability to repay or refinance its debt will depend on, among other things, financial, business, market, competitive and other conditions, many of which are beyond its control, as well as Nexstar maintaining its pledge to continue the local service agreements with the Company’s stations. Management believes that with Nexstar’s pledge to continue the local service agreements as described in a letter of support dated March 22, 2019 Nexstar’s senior secured credit agreement contains a covenant which requires Nexstar to comply with a maximum consolidated first lien net leverage ratio of 4.25 to 1.00. The financial covenant, which is formally calculated on a quarterly basis, is based on the combined results of Nexstar and its variable interest entities, including Mission. Mission’s credit agreement does not contain financial covenant ratio requirements but does provide for default in the event Nexstar does not comply with all covenants contained in its credit agreement. As of June 30, 2019, Nexstar has informed Mission that it was in compliance with all covenants contained in its credit agreement and the indentures governing its senior unsecured notes.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Interim Financial Statements The Condensed Financial Statements as of June 30, 2019 and for the three and six months ended June 30, 2019 and 2018 are unaudited. However, in the opinion of management, such financial statements include all adjustments (consisting solely of normal recurring adjustments) necessary for the fair statement of the financial information included herein in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the United States Securities and Exchange Commission (the “SEC”). The preparation of the Condensed Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the period. Actual results could differ from those estimates. Results of operations for interim periods are not necessarily indicative of results for the full year. These Condensed Financial Statements should be read in conjunction with the Financial Statements and related Notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. The balance sheet as of December 31, 2018 has been derived from the audited Financial Statements as of that date but does not include all the information and footnotes required by U.S. GAAP for complete financial statements. Leases As discussed in the “Recent Accounting Pronouncements” Section below, the Company adopted Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) and all related amendments issued by the Financial Accounting Standards Board (“FASB”). Accounting Standards Codification (“ASC”) 842 establishes a comprehensive new lease accounting model that requires the recording of assets and liabilities arising from operating leases on the balance sheet accompanied by enhanced qualitative and quantitative disclosures in the notes to the financial statements. The standard was issued to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flow arising from leases. The Company adopted this standard effective January 1, 2019 using the optional transition method. The most significant impact was the recognition of right-of-use (“ROU”) assets and lease liabilities for operating leases. Financial information for reporting periods beginning after January 1, 2019 is presented under ASC 842, while comparative financial information has not been adjusted and continues to be reported in accordance with the Company’s historical accounting policy for lease contracts prior to the adoption of ASC 842. The Company has elected the “ package of practical expedients ” permitted under the transition guidance within ASC 842, which permits the Company to carry forward the historical lease classification and not reassess whether any expired or existing contracts are or contain leases. In addition, the Company is not required to reassess initial direct costs for any existing leases. The Company did not elect the land easements and the use of hindsight practical expedients in determining the lease term for existing leases. ASC 842 also provides practical expedients for an entity’s ongoing accounting. The Company has elected the short-term lease recognition exemption for all leases that qualify. As a result, for those leases with a term of less than 12 months, it will not recognize ROU assets or lease liabilities. The vast majority of the Company’s television station leases are comprised of fixed lease payments, with a small percentage of television station lease payments that are tied to a rate or index which may be subject to variability. For these leases, the calculation of the present value of future minimum lease payments is the base rate as of the later of (i) when the television station was acquired by the Company, or (ii) the commencement date of the lease agreement. Certain real estate leases also include executory costs such as common area maintenance (non-lease component), as well as property insurance and property taxes (non-components). These are not significant and the Company historically excluded these executory costs from its future minimum lease payments under its historical policy prior to the adoption of ASC 842. As such, the executory costs were excluded from the calculation of ROU assets and lease liabilities associated with operating leases upon transition. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that it will exercise that option. The discount rate represents a risk-adjusted rate on a secured basis, and is the rate at which the Company would borrow funds to satisfy the scheduled lease liability payment streams commensurate with the lease term. On January 1, 2019, the discount rate used on existing leases at adoption was determined based on the remaining lease term using available data as of that date. The Company recognized operating lease ROU assets on its Condensed Balance Sheet as of January 1, 2019 of $6.5 million, inclusive of the present value of remaining future operating lease payments of $11.0 million and reclassifications of certain operating lease related assets and liabilities under the Company’s historical accounting policy prior to the adoption of ASC 842 such as deferred rent, short-term prepaid expenses and other accruals. These are summarized in the table below (in thousands). The adoption did not result in a cumulative impact on retained earnings as of January 1, 2019. ASC 842 Adoption Adjustments Present Value of Remaining Reclassifications of Operating Lease Related Balance Sheet Items to Operating Lease Right-of-Use Assets Impact on Condensed Balance Sheets December 31, 2018 Operating Lease Payments as of January 1, 2019 Deferred Rent Other Total January 1, 2019 Prepaid expenses and other current assets $ 1,130 $ - $ - $ (77 ) $ (77 ) $ 1,053 Other intangible assets, net 13,712 - - - - 13,712 Other noncurrent assets, net 936 10,957 (4,175 ) (332 ) 6,450 7,386 Total Assets 216,595 10,957 (4,175 ) (409 ) 6,373 222,968 Other current liabilities 8,558 1,802 (531 ) (198 ) 1,073 9,631 Other noncurrent liabilities 6,820 9,155 (3,644 ) (211 ) 5,300 12,120 Total Liabilities 237,732 10,957 (4,175 ) (409 ) 6,373 244,105 After transition to ASC 842, the Company determines if an arrangement is a lease at inception. The ROU assets arising from operating leases are included in other noncurrent assets, current operating lease liabilities and other noncurrent liabilities in the accompanying Condensed Balance Sheets. Operating lease ROU assets and operating lease liabilities that are recognized after the adoption of ASC 842 are based on the present value of the future minimum lease payments over the lease term at the commencement date. The operating lease ROU asset also includes any lease payments made and excludes lease incentives and executory costs (not significant). The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that it will exercise that option. When determining if a renewal option is reasonably certain of being exercised, the Company considers several factors, including but not limited to the significance of leasehold improvements incurred on the property, whether the asset is difficult to replace, or specific characteristics unique to the particular lease that would make it reasonably certain that the Company would exercise such option. In most cases, the Company has concluded that renewal and early termination options are not reasonably certain of being exercised by the Company (and thus not included in its ROU asset and lease liability) unless there is an economic, financial or business reason to do so. As most of the Company’s leases do not provide an implicit rate, the incremental borrowing rate was used based on the information available at the commencement date in determining the present value of future lease payments. The discount rate represents a risk-adjusted rate on a secured basis and is the rate at which the Company would borrow funds to satisfy the scheduled lease liability payment streams commensurate with the lease term. For new or renewed leases starting in 2019, the discount rate is determined using available data at lease commencement and based on the lease term including any reasonably certain renewal periods. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. In rare circumstances, the Company may enter into finance leases for specific equipment or real estate used in its operations, in which the lease term is for the major part of the remaining economic life of the underlying asset or the present value of the lease payments equals or exceeds substantially all of the estimated fair value of the underlying asset. The Company will record its finance leases within property, plant and equipment, other current liabilities and other noncurrent liabilities on the accompanying Condensed Balance Sheets. See Note 6 for additional disclosures on leases as of June 30, 2019. Financial Instruments The carrying amounts of cash and cash equivalents, accounts receivable, broadcast rights payable, accounts payable and accrued expenses approximate fair value due to their short-term nature. See Note 5 for fair value disclosures related to the Company’s debt. Basis of Presentation Certain prior year financial statement amounts have been reclassified to conform to the current year presentation. These reclassifications had no effect on net loss or shareholders’ deficit as previously reported . Recent Accounting Pronouncements New Accounting Standards Adopted In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The Company adopted this standard and all related amendments effective January 1, 2019 using the optional transition method. The standard had a material impact on the Company’s Condensed Balance Sheets but did not impact its operating results, cash flows or equity. The most significant impact was the recognition of ROU assets and lease liabilities for operating leases. The adoption did not result in a cumulative impact on retained earnings as of January 1, 2019. See Leases above for the Company’s updated accounting policy and Note 6 for expanded disclosures. New Accounting Standards Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326) (“ASU 2016-13”).” The standard requires entities to estimate loss of financial assets measured at amortized cost, including trade receivables, debt securities and loans, using an expected credit loss model. The expected credit loss differs from the previous incurred losses model primarily in that the loss recognition threshold of “probable” has been eliminated and that expected loss should consider reasonable and supportable forecasts in addition to the previously considered past events and current conditions. Additionally, the guidance requires additional disclosures related to the further disaggregation of information related to the credit quality of financial assets by year of the asset’s origination for as many as five years. Entities must apply the standard provision as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The standard is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted for annual periods beginning after December 15, 2018, and interim periods within those fiscal years. The Company is currently evaluating the impact of adopting ASU 2016-13 on its financial statements. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820) (“ASU 2018-13”), which modifies the disclosure requirements on fair value measurements . The amendments in this update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted for any removed or modified disclosures. The Company is currently evaluating the impact of adopting ASU 2018-13 on its financial statements.

Local Service Agreements with N

Local Service Agreements with Nexstar	6 Months Ended
	Jun. 30, 2019
Local Service Agreements [Abstract]
Local Service Agreements with Nexstar	3. Local Service Agreements with Nexstar The Company has entered into local service agreements with Nexstar to provide sales and/or operating services to all of its stations. For the stations with a shared services agreement (“SSA”), the Nexstar station in the market provides certain services including news production, technical maintenance and security, in exchange for monthly payments to Nexstar. For each station with which the Company has entered into an SSA, it has also entered into a joint sales agreement (“JSA”), whereby Nexstar sells certain advertising time of the station and retains a percentage of the related revenue. For the stations with a time brokerage agreement (“TBA”), Nexstar programs most of the station’s broadcast time, sells the station’s advertising time and retains the advertising revenue it generates in exchange for monthly payments to Mission, based on the station’s monthly operating expenses. JSA and TBA fees generated from Nexstar under the agreements are reported as “Revenue from Nexstar Broadcasting, Inc.” and SSA fees incurred by Mission under the agreements are reported as “Fees incurred pursuant to local service agreements with Nexstar Broadcasting, Inc.” in the accompanying Condensed Statements of Operations. Under these agreements, Mission is responsible for certain operating expenses of its stations and therefore may have unlimited exposure to any potential operating losses. Mission will continue to operate its stations under the SSAs and JSAs or TBAs until the termination of such agreements. The local service agreements generally have a term of eight to ten years and have terms for renewal periods. Nexstar indemnifies Mission from Nexstar’s activities pursuant to the local service agreements. Under the local service agreements, Nexstar receives substantially all of the Company’s available cash, after satisfaction of operating costs and debt obligations. The Company anticipates that Nexstar will continue to receive substantially all of its available cash, after satisfaction of operating costs and debt obligations. In compliance with Federal Communications Commission (“FCC”) regulations for both the Company and Nexstar, Mission maintains complete responsibility for and control over programming, finances, personnel and operations of its stations. Mission had the following local service agreements in effect with Nexstar as of June 30, 2019: Service Agreements Full Power Stations TBA Only WFXP, KHMT and KFQX SSA & JSA KJTL, KLRT, KASN, KOLR, KCIT, KAMC, KRBC, KSAN, WUTR, WAWV, WYOU, KODE, WTVO, KTVE, WTVW and WVNY

Intangible Assets and Goodwill

Intangible Assets and Goodwill	6 Months Ended
	Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	4. Intangible Assets and Goodwill Intangible assets subject to amortization consisted of the following (in thousands): Estimated June 30, 2019 December 31, 2018 useful life, Accumulated Accumulated in years Gross Amortization Net Gross Amortization Net Network affiliation agreements 15 $ 86,248 $ (74,100 ) $ 12,148 $ 86,248 $ (73,153 ) $ 13,095 Other definite-lived intangible assets 1-15 15,681 (15,127 ) 554 15,681 (15,064 ) 617 Other intangible assets $ 101,929 $ (89,227 ) $ 12,702 $ 101,929 $ (88,217 ) $ 13,712 The following table presents the Company’s estimate of amortization expense for the remainder of 2019, each of the five succeeding years ended December 31 and thereafter for definite-lived intangible assets as of June 30, 2019 (in thousands): Remainder of 2019 $ 909 2020 1,518 2021 1,517 2022 1,517 2023 1,444 Thereafter 5,797 $ 12,702 The carrying amounts of goodwill and FCC licenses were as follows (in thousands): Goodwill FCC Licenses Accumulated Accumulated Gross Impairment Net Gross Impairment Net Balances as of December 31, 2018 $ 34,737 $ (1,550 ) $ 33,187 $ 53,799 $ (10,697 ) $ 43,102 Balances as of June 30, 2019 $ 34,737 $ (1,550 ) $ 33,187 $ 53,799 $ (10,697 ) $ 43,102 Indefinite-lived intangible assets are not subject to amortization but are tested for impairment annually or whenever events or changes in circumstances indicate that such assets might be impaired. During the three and six months ended June 30, 2019, the Company did not identify any events that would trigger an impairment assessment.

Debt

Debt	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Debt	5. Debt Long-term debt consisted of the following (in thousands): June 30, December 31, 2019 2018 Term loans, net of financing costs and discount of $3,539 and $3,888, respectively $ 223,845 $ 224,639 Less: current portion (2,285 ) (2,285 ) $ 221,560 $ 222,354 2019 Transactions Through June 30, 2019, Mission repaid scheduled maturities of $1.1 million under its Term Loan B, funded by cash on hand. Unused Commitments and Borrowing Availability As of June 30, 2019, the Company had a $3.0 million unused revolving loan commitment under its senior secured credit facility, all of which was available for borrowing, based on the covenant calculations. Pursuant to the terms of the Company’s and Nexstar’s credit agreements, the Company may reallocate any of its unused revolving loan commitment to Nexstar and Nexstar may also reallocate certain of its unused revolving loan commitment to the Company Collateralization and Guarantees of Debt Nexstar guarantees full payment of all obligations under the Mission senior secured credit facility in the event of Mission’s default. Similarly, Mission is a guarantor of Nexstar’s senior secured credit facility, the $900.0 million 5.625% senior unsecured notes (the “5.625% Notes”) issued by Nexstar and the $275.0 million 6.125% senior unsecured notes (the “6.125% Notes”) issued by Nexstar. The senior secured credit facilities are collateralized by a security interest in substantially all the combined assets, excluding FCC licenses, of the Company and Nexstar. The 5.625% Notes and the 6.125% Notes are general senior unsecured obligations subordinated to all of Mission’s senior secured debt. In the event that Nexstar is unable to repay amounts due under these debt obligations, the Company will be obligated to repay such amounts. The maximum potential amount of future payments that Mission would be required to make under these guarantees would be generally limited to the amount of borrowings outstanding under Nexstar’s senior secured credit facility, the 5.625% Notes, and the 6.125% Notes. As of June 30, 2019, Nexstar had $889.1 million of outstanding obligations under its 5.625% Notes, $273.7 million of outstanding obligations under its 6.125% Notes and a maximum commitment of $2.084 billion under its senior secured credit facility, of which $1.116 billion in Term Loan B and $804.9 million in Term Loan A were outstanding. Debt Covenants The Mission term loan does not require financial covenant ratios but does provide for default in the event Nexstar does not comply with all covenants contained in its credit agreement. Nexstar was in compliance with its financial covenants as of June 30, 2019 . Fair Value of Debt The aggregate carrying amounts and estimated fair values of the Company’s debt were as follows (in thousands): June 30, 2019 December 31, 2018 Carrying Fair Carrying Fair Amount Value Amount Value Term loans $ 223,845 $ 225,314 $ 224,639 $ 220,450 The fair values of the term loans are computed based on borrowing rates currently available to Mission for bank loans with similar terms and average maturities. These fair value measurements are considered Level 3, as significant inputs to the fair value calculation are unobservable in the market.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	6. Leases The Company as a Lessee The Company has operating leases for office space, tower facilities, antenna sites, studio and other real estate properties and equipment. The Company’s leases have remaining lease terms of 3 months to 13 years, some of which may include options to extend the leases from five to 25 years, and some of which may include options to terminate the leases within one year. The depreciable life of assets and leasehold improvements is limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise. The components of lease expense during the three and six months ended June 30, 2019 include $0.4 million and $0.9 million, respectively, of operating lease cost, inclusive of immaterial short-term and variable lease costs, included in Direct operating expenses, excluding depreciation and amortization, in the accompanying Condensed Statements of Operations. The following table summarizes the components of our lease right-of-use assets and liabilities at June 30, 2019: (In thousands) Balance Sheet Classification June 30, 2019 Operating Leases Operating lease right-of-use assets, net Other noncurrent assets, net $ 5,872 Current lease liabilities Current operating lease liabilities $ 1,925 Noncurrent lease liabilities Other noncurrent liabilities $ 8,032 Other information related to leases as of June 30, 2019 was as follows (in thousands, except lease term and discount rate): Supplemental Cash Flows Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,274 Weighted Average Remaining Lease Term 8 Weighted Average Discount Rate 5.3 % Future minimum lease payments under non-cancellable leases as of June 30, 2019 were as follows (in thousands): Remainder of 2019 $ 1,083 2020 2,434 2021 1,494 2022 890 2023 922 Thereafter 5,732 Total future minimum lease payments 12,555 Less imputed interest (2,599 ) Total $ 9,956 The Company as a Lessor The Company has various arrangements under which it is the lessor for the use of its tower space. These leases meet the criteria for operating lease classification, but the associated lease income is not material. As part of the adoption, the Company elected the practical expedient to combine lease and non-lease components in its lessor arrangements.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2019
Revenue From Contract With Customer [Abstract]
Revenue	7. Revenue Disaggregation of Revenues The following table presents the disaggregation of our revenue for the three and six months ended June 30, 2019 and 2018 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Retransmission compensation $ 18,604 $ 17,231 $ 37,708 $ 33,135 Other 306 375 609 628 Revenue from Nexstar 8,262 9,058 16,024 17,486 Net revenue $ 27,172 $ 26,664 $ 54,341 $ 51,249 Revenue from Nexstar is directly correlated to the advertising revenue earned at the Company’s stations and is positively affected by national and regional political campaigns, and certain events such as the Olympic Games or the Super Bowl. Company stations’ advertising revenue is generally highest in the second and fourth quarters of each year, due in part to increases in consumer advertising in the spring and retail advertising in the period leading up to, and including, the holiday season. In addition, advertising revenue is generally higher during even-numbered years when congressional and presidential elections occur, and advertising is aired during the Olympic Games. The Company receives compensation from multichannel video programming distributors (“MVPDs”) and online video distributors (“OVDs”) in return for the consent to the retransmission of the signals of its television stations. Retransmission compensation is recognized at the point in time the broadcast signal is delivered to the distributors and is based on

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	8. Income Taxes During the three months ended June 30, 2019, the Company recognized an income tax benefit of $1.0 million on a pre-tax book loss of $4.0 million of 25.3% income tax benefit of $0.4 million on a pre-tax book loss of $1.7 million for the same period in 2018 resulting in an effective tax rate of 24.8%. The increase in the effective tax rate between the two periods was primarily due to changes in the Texas Margin tax which resulted in a 1.11% increase in the effective tax rate between the two periods. During the six months ended June 30, 2019, the Company recognized an income tax benefit of $1.9 million on a pre-tax book loss of $7.3 million of 25.3% income tax benefit of $1.4 million on a pre-tax book income of $5.8 million for the same period in 2018 resulting in an effective tax rate of 24.1%. The increase in the effective tax rate between the two periods was primarily due to changes in the Texas Margin tax, which resulted in a 1.11% increase in the effective tax rate between the two periods.

FCC Regulatory Matters

FCC Regulatory Matters	6 Months Ended
	Jun. 30, 2019
Risks And Uncertainties [Abstract]
FCC Regulatory Matters	9. FCC Regulatory Matters Television broadcasting is subject to the jurisdiction of the FCC under the Communications Act of 1934, as amended (the “Communications Act”). The Communications Act prohibits the operation of television broadcasting stations except under a license issued by the FCC, and empowers the FCC, among other things, to issue, revoke and modify broadcasting licenses, determine the location of television stations, regulate the equipment used by television stations, adopt regulations to carry out the provisions of the Communications Act and impose penalties for the violation of such regulations. The FCC’s ongoing rule making proceedings could have a significant future impact on the television industry and on the operation of the Company’s stations. In addition, the U.S. Congress may act to amend the Communications Act or adopt other legislation in a manner that could impact the Company’s stations and the television broadcast industry in general. The FCC has adopted rules with respect to the final conversion of existing low power and television translator stations to digital operations, which must be completed by July 2021. Media Ownership The FCC is required to review its media ownership rules every four years and to eliminate those rules it finds no longer serve the “public interest, convenience and necessity.” In August 2016, the FCC adopted a Second Report and Order (the “2016 Ownership Order”) concluding the agency’s 2010 and 2014 quadrennial reviews. The 2016 Ownership Order (1) retained the then-existing local television ownership rule and radio/television cross-ownership rule with minor technical modifications, (2) extended the ban on common ownership of two top four television stations in a market to network affiliation swaps, (3) retained the then-existing ban on newspaper/broadcast cross-ownership in local markets while considering waivers and providing an exception for failed or failing entities, (4) retained the dual network rule, (5) made JSA relationships attributable interests and (6) defined a category of sharing agreements designated as SSAs between stations and required public disclosure of those SSAs (while not considering them attributable). The 2016 Ownership Order reinstated a previously adopted rule that attributed another in-market station toward the local television ownership limits when one station owner sells more than 15% of the second station’s weekly advertising inventory under a JSA. Parties to JSAs entered into prior to March 31, 2014 were permitted to continue to operate under those JSAs until September 30, 2025. Various parties filed petitions seeking reconsideration of various aspects of the 2016 Ownership Order. On November 16, 2017, the FCC adopted an order (the “Reconsideration Order”) addressing the petitions for reconsideration. The Reconsideration Order (1) eliminated the rules prohibiting newspaper/broadcast cross-ownership and limiting television/radio cross-ownership, (2) eliminated the requirement that eight or more independently-owned television stations remain in a local market for common ownership of two television stations in that market to be permissible, (3) retained the general prohibition on common ownership of two “top four” stations in a local market but provided for case-by-case review, (4) eliminated the television JSA attribution rule, and (5) retained the SSA definition and disclosure requirement for television stations. These rule modifications took effect on February 7, 2018, when the U.S. Court of Appeals for the Third Circuit denied a mandamus petition which had sought to stay their effectiveness. The Reconsideration Order remains subject to appeals before that court. In December 2018, the FCC initiated its 2018 quadrennial review with the issuance of a Notice of Proposed Rulemaking. Among other things, the FCC seeks comments on all aspects of the local television ownership rules’ implementation and whether the current version of the rule remains necessary in the public interest. Comments and reply comments in the 2018 quadrennial review were filed in the second quarter of 2019. The FCC’s media ownership rules limit the percentage of U.S. television households which a party may reach through its attributable interests in television stations to 39% on a nationwide basis. Historically, the FCC has counted the ownership of an ultra-high frequency (“UHF”) station as reaching only 50% of a market’s percentage of total national audience. On August 24, 2016, the FCC adopted a Report and Order abolishing this “UHF discount,” and that rule change became effective in October 2016. On April 20, 2017, the FCC adopted an order on reconsideration that reinstated the UHF discount, which became effective again on June 15, 2017. A federal court of appeals dismissed a petition for review of the discount’s reinstatement in July 2018. In December 2017, the FCC initiated a comprehensive rulemaking to evaluate the UHF discount together with the national ownership limit. Comments and reply comments were filed in 2018, and the proceeding remains open. Mission is in compliance with the 39% national cap limitation without the UHF discount and, therefore, with the UHF discount as well. Spectrum The FCC is in the process of repurposing a portion of the broadcast television spectrum for wireless broadband use. Pursuant to federal legislation enacted in 2012, the FCC conducted an incentive auction for the purpose of making additional spectrum available to meet future wireless broadband needs. Under the auction statute and rules, certain television broadcasters accepted bids from the FCC to voluntarily relinquish their spectrum in exchange for consideration, and certain wireless broadband providers and other entities submitted successful bids to acquire the relinquished television spectrum. Over the next several years, television stations that are not relinquishing their spectrum are being “repacked” into the frequency band still remaining for television broadcast use. The incentive auction commenced on March 29, 2016 and officially concluded on April 13, 2017. None of the Company’s television stations accepted bids to relinquish their television channels. Seven of the Company’s stations have been assigned new channels in the reduced post-auction television band. These “repacked” stations are required to construct and license the necessary technical modifications to operate on their new assigned channels , and must cease operating on their former channels, on a rolling schedule ending in July 2020. Congress has allocated up to an industry-wide total of $ 2.75 billion to reimburse television broadcasters, MVPDs and other parties for costs reasonably incurred due to the repack. This allocation includes $ 1.0 billion added to the TV Broadcaster Relocation Fund as part of the Consolidated Appropriations Act, 2018. Broadcasters and MVPDs have submitted estimates to the FCC of their reimbursable costs. As of February 6, 2019 , these costs were approximately $ 1.9 billion, and the FCC has indicated that it expects those costs to rise. During the three and six months ended June 30, 2019 , the Company spent a total of $ 1.9 million and $ 2.7 million, respectively, in capital expenditures related to station repack which were recorded as assets under the property and equipment caption in the accompanying Balance Sheets. During the three and six months ended June 30, 2018, the Company spent a total of $ million and $ 1.2 million, respectively, in capital expenditures related to station repack which were recorded as assets under the property and equipment caption in the accompanying Balance Sheets. During the three and six months ended June 30, 2019 , the Company received $ 0.8 million and $ 2.3 million, respectively, in reimbursements from the FCC related to these expenditures which w ere recorded as operating income in the accompanying Condensed Statements of Operations. During the three and six months ended June 30, 2018, the Company received $ 0.2 million in reimbursements from the FCC related to these expenditures which was recorded as operating income in the accompanying Condensed Statements of Operations. The Company cannot determine if the FCC will be able to fully reimburse its repacking costs as this is dependent on certain factors, including the Company’s ability to incur repacking costs that are equal to or less than the FCC’s allocation of funds to the Company and whether the FCC will have available funds to reimburse the Company for additional repacking costs that it previously may not have anticipated. Whether the FCC will have available funds for additional reimbursements will also depend on the repacking costs that will be incurred by other broadcasters, MVPDs, and other parties that are also seeking reimbursements. The reallocation of television spectrum to broadband use may be to the detriment of the Company’s investment in digital facilities, could require substantial additional investment to continue current operations and may require viewers to invest in additional equipment or subscription services to continue receiving broadcast television signals. The Company cannot predict the impact of the incentive auction and subsequent repacking on its business. Exclusivity/Retransmission Consent On March 3, 2011, the FCC initiated a Notice of Proposed Rulemaking which among other things asked for comment on eliminating the network non-duplication and syndicated exclusivity protection rules, which may permit MVPDs to import out-of-market television stations in certain circumstances. In March 2014, the FCC adopted a further notice of proposed rulemaking which sought additional comment on the elimination or modification of the network non-duplication and syndicated exclusivity rules. The FCC’s possible elimination or modification of the network non-duplication and syndicated exclusivity protection rules may affect the Company’s ability to sustain its current level of retransmission consent revenues or grow such revenues in the future and could have an adverse effect on the Company’s business, financial condition and results of operations. The Company cannot predict the resolution of the FCC’s network non-duplication and syndicated exclusivity proposals, or the impact of these proposals if they are adopted. On December 5, 2014, federal legislation directed the FCC to commence a rulemaking to “review its totality of the circumstances test for good faith [retransmission consent] negotiations.” The FCC commenced this proceeding in September 2015 and comments and reply comments were submitted. In July 2016, the then-Chairman of the FCC publicly announced that the agency would not adopt additional rules in this proceeding. However, the proceeding remains open. Further, certain OVDs have begun streaming broadcast programming over the Internet. In June 2014, the U.S. Supreme Court held that an OVD’s retransmissions of broadcast television signals without the consent of the broadcast station violate copyright holders’ exclusive right to perform their works publicly as provided under the Copyright Act. In December 2014, the FCC issued a Notice of Proposed Rulemaking proposing to interpret the term “MVPD” to encompass OVDs that make available for purchase multiple streams of video programming distributed at a prescheduled time and seeking comment on the effects of applying MVPD rules to such OVDs. Comments and reply comments were filed in 2015. Although the FCC has not classified OVDs as MVPDs to date, several OVDs have signed agreements for retransmission of local stations within their markets and others are actively seeking to negotiate such agreements.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	10. Commitments and Contingencies Guarantee of Nexstar Debt Mission is a guarantor of and has pledged substantially all its assets, excluding FCC licenses, to guarantee Nexstar’s credit facility. Mission is also a guarantor of Nexstar’s 6.125% Notes and Nexstar’s 5.625% Notes. The 6.125% Notes and the 5.625% Notes are general senior unsecured obligations subordinated to all of Mission’s senior secured debt. In the event that Nexstar is unable to repay amounts due under these debt obligations, Mission will be obligated to repay such amounts. The maximum potential amount of future payments that Mission would be required to make under these guarantees would be generally limited to the amount of borrowings outstanding under Nexstar’s senior secured credit facility, the 6.125% Notes and the 5.625% Notes. As of June 30, 2019, Nexstar had $273.7 million outstanding obligations under its 6.125% Notes due on February 15, 2022, $889.1 million outstanding obligations under its 5.625% Notes due on August 1, 2024, and a maximum commitment of $2.084 billion under its senior secured credit facility, of which $1.116 billion in Term Loan B and $804.9 million in Term Loan A were outstanding. Nexstar also has a $163.4 million revolving loan commitment, of which no amount was outstanding as of June 30, 2019. Nexstar’s Term Loan B matures on January 17, 2024. Nexstar’s Term Loan A and revolving loans mature on October 26, 2023. On July 3, 2019, Nexstar Escrow, Inc., a wholly owned indirect subsidiary of Nexstar (“Nexstar Escrow”), completed the sale and issuance of $1.120 billion 5.625% Senior Unsecured Notes due 2027 (the “5.625% Notes due 2027”) at par. The proceeds of the 5.625% Notes due 2027 was deposited in a segregated escrow account and, upon satisfaction of certain escrow condition, will be used by Nexstar to partially fund its merger with Tribune Media Company (“Tribune”). Prior to the consummation of the Nexstar and Tribune merger, the 5.625% Notes due 2027 will not be guaranteed, but will be secured by a first-priority security interest in the escrow account and all deposits and investment property therein. Following satisfaction of the escrow conditions, the 5.625% Notes due 2027 will be senior unsecured obligations of Nexstar and will be guaranteed by Nexstar, Mission and certain of Nexstar’s and Mission’s future wholly-owned subsidiaries, subject to certain customary release provisions. Purchase Options Granted to Nexstar In consideration of the guarantee of Mission’s bank credit facility by Nexstar, Mission has granted Nexstar purchase options to acquire the assets and assume the liabilities of each Mission station, subject to FCC consent, for consideration equal to the greater of (1) seven times the station’s cash flow, as defined in the option agreement, less the amount of its indebtedness as defined in the option agreement, or (2) the amount of its indebtedness. Cash flow is defined as income or loss from operations, plus depreciation and amortization (including amortization of broadcast rights), interest income, non-cash trade and barter expenses, nonrecurring expenses (including time brokerage agreement fees), network compensation payments received or receivable and corporate management fees, less payments for broadcast rights, non-cash trade and barter revenue and network compensation revenue. Additionally, Mission’s shareholders have granted Nexstar an option to purchase any or all of the Company’s stock, subject to FCC consent, for a price equal to the pro rata portion of the greater of (1) five times the Mission stations’ cash flow, as defined in the agreement, reduced by the amount of indebtedness, as defined in the agreement, or (2) $100,000. These option agreements (which expire on various dates between 2021 and 2028) are freely exercisable or assignable by Nexstar without consent or approval by Mission or its shareholders. The Company expects these option agreements to be renewed upon expiration. Indemnification Obligations In connection with certain agreements that the Company enters into in the normal course of its business, including local service agreements, business acquisitions and borrowing arrangements, the Company enters into contractual arrangements under which the Company agrees to indemnify the other party to such arrangement from losses, claims and damages incurred by the indemnified party for certain events as defined within the particular contract. Such indemnification obligations may not be subject to maximum loss clauses and the maximum potential amount of future payments the Company could be required to make under these indemnification arrangements may be unlimited. Historically, payments made related to these indemnifications have been insignificant and the Company has not incurred significant costs to defend lawsuits or settle claims related to these indemnification agreements. Litigation From time to time, the Company is involved with claims that arise out of the normal course of business. In the opinion of management, any resulting liability with respect to these claims would not have a material adverse effect on the Company’s financial position or results of operations.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Interim Financial Statements	Interim Financial Statements The Condensed Financial Statements as of June 30, 2019 and for the three and six months ended June 30, 2019 and 2018 are unaudited. However, in the opinion of management, such financial statements include all adjustments (consisting solely of normal recurring adjustments) necessary for the fair statement of the financial information included herein in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the United States Securities and Exchange Commission (the “SEC”). The preparation of the Condensed Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the period. Actual results could differ from those estimates. Results of operations for interim periods are not necessarily indicative of results for the full year. These Condensed Financial Statements should be read in conjunction with the Financial Statements and related Notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. The balance sheet as of December 31, 2018 has been derived from the audited Financial Statements as of that date but does not include all the information and footnotes required by U.S. GAAP for complete financial statements.
Leases	Leases As discussed in the “Recent Accounting Pronouncements” Section below, the Company adopted Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) and all related amendments issued by the Financial Accounting Standards Board (“FASB”). Accounting Standards Codification (“ASC”) 842 establishes a comprehensive new lease accounting model that requires the recording of assets and liabilities arising from operating leases on the balance sheet accompanied by enhanced qualitative and quantitative disclosures in the notes to the financial statements. The standard was issued to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flow arising from leases. The Company adopted this standard effective January 1, 2019 using the optional transition method. The most significant impact was the recognition of right-of-use (“ROU”) assets and lease liabilities for operating leases. Financial information for reporting periods beginning after January 1, 2019 is presented under ASC 842, while comparative financial information has not been adjusted and continues to be reported in accordance with the Company’s historical accounting policy for lease contracts prior to the adoption of ASC 842. The Company has elected the “ package of practical expedients ” permitted under the transition guidance within ASC 842, which permits the Company to carry forward the historical lease classification and not reassess whether any expired or existing contracts are or contain leases. In addition, the Company is not required to reassess initial direct costs for any existing leases. The Company did not elect the land easements and the use of hindsight practical expedients in determining the lease term for existing leases. ASC 842 also provides practical expedients for an entity’s ongoing accounting. The Company has elected the short-term lease recognition exemption for all leases that qualify. As a result, for those leases with a term of less than 12 months, it will not recognize ROU assets or lease liabilities. The vast majority of the Company’s television station leases are comprised of fixed lease payments, with a small percentage of television station lease payments that are tied to a rate or index which may be subject to variability. For these leases, the calculation of the present value of future minimum lease payments is the base rate as of the later of (i) when the television station was acquired by the Company, or (ii) the commencement date of the lease agreement. Certain real estate leases also include executory costs such as common area maintenance (non-lease component), as well as property insurance and property taxes (non-components). These are not significant and the Company historically excluded these executory costs from its future minimum lease payments under its historical policy prior to the adoption of ASC 842. As such, the executory costs were excluded from the calculation of ROU assets and lease liabilities associated with operating leases upon transition. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that it will exercise that option. The discount rate represents a risk-adjusted rate on a secured basis, and is the rate at which the Company would borrow funds to satisfy the scheduled lease liability payment streams commensurate with the lease term. On January 1, 2019, the discount rate used on existing leases at adoption was determined based on the remaining lease term using available data as of that date. The Company recognized operating lease ROU assets on its Condensed Balance Sheet as of January 1, 2019 of $6.5 million, inclusive of the present value of remaining future operating lease payments of $11.0 million and reclassifications of certain operating lease related assets and liabilities under the Company’s historical accounting policy prior to the adoption of ASC 842 such as deferred rent, short-term prepaid expenses and other accruals. These are summarized in the table below (in thousands). The adoption did not result in a cumulative impact on retained earnings as of January 1, 2019. ASC 842 Adoption Adjustments Present Value of Remaining Reclassifications of Operating Lease Related Balance Sheet Items to Operating Lease Right-of-Use Assets Impact on Condensed Balance Sheets December 31, 2018 Operating Lease Payments as of January 1, 2019 Deferred Rent Other Total January 1, 2019 Prepaid expenses and other current assets $ 1,130 $ - $ - $ (77 ) $ (77 ) $ 1,053 Other intangible assets, net 13,712 - - - - 13,712 Other noncurrent assets, net 936 10,957 (4,175 ) (332 ) 6,450 7,386 Total Assets 216,595 10,957 (4,175 ) (409 ) 6,373 222,968 Other current liabilities 8,558 1,802 (531 ) (198 ) 1,073 9,631 Other noncurrent liabilities 6,820 9,155 (3,644 ) (211 ) 5,300 12,120 Total Liabilities 237,732 10,957 (4,175 ) (409 ) 6,373 244,105 After transition to ASC 842, the Company determines if an arrangement is a lease at inception. The ROU assets arising from operating leases are included in other noncurrent assets, current operating lease liabilities and other noncurrent liabilities in the accompanying Condensed Balance Sheets. Operating lease ROU assets and operating lease liabilities that are recognized after the adoption of ASC 842 are based on the present value of the future minimum lease payments over the lease term at the commencement date. The operating lease ROU asset also includes any lease payments made and excludes lease incentives and executory costs (not significant). The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that it will exercise that option. When determining if a renewal option is reasonably certain of being exercised, the Company considers several factors, including but not limited to the significance of leasehold improvements incurred on the property, whether the asset is difficult to replace, or specific characteristics unique to the particular lease that would make it reasonably certain that the Company would exercise such option. In most cases, the Company has concluded that renewal and early termination options are not reasonably certain of being exercised by the Company (and thus not included in its ROU asset and lease liability) unless there is an economic, financial or business reason to do so. As most of the Company’s leases do not provide an implicit rate, the incremental borrowing rate was used based on the information available at the commencement date in determining the present value of future lease payments. The discount rate represents a risk-adjusted rate on a secured basis and is the rate at which the Company would borrow funds to satisfy the scheduled lease liability payment streams commensurate with the lease term. For new or renewed leases starting in 2019, the discount rate is determined using available data at lease commencement and based on the lease term including any reasonably certain renewal periods. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. In rare circumstances, the Company may enter into finance leases for specific equipment or real estate used in its operations, in which the lease term is for the major part of the remaining economic life of the underlying asset or the present value of the lease payments equals or exceeds substantially all of the estimated fair value of the underlying asset. The Company will record its finance leases within property, plant and equipment, other current liabilities and other noncurrent liabilities on the accompanying Condensed Balance Sheets. See Note 6 for additional disclosures on leases as of June 30, 2019.
Financial Instruments	Financial Instruments The carrying amounts of cash and cash equivalents, accounts receivable, broadcast rights payable, accounts payable and accrued expenses approximate fair value due to their short-term nature. See Note 5 for fair value disclosures related to the Company’s debt.
Basis of Presentation	Basis of Presentation Certain prior year financial statement amounts have been reclassified to conform to the current year presentation. These reclassifications had no effect on net loss or shareholders’ deficit as previously reported .
Recent Accounting Pronouncements	Recent Accounting Pronouncements New Accounting Standards Adopted In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The Company adopted this standard and all related amendments effective January 1, 2019 using the optional transition method. The standard had a material impact on the Company’s Condensed Balance Sheets but did not impact its operating results, cash flows or equity. The most significant impact was the recognition of ROU assets and lease liabilities for operating leases. The adoption did not result in a cumulative impact on retained earnings as of January 1, 2019. See Leases above for the Company’s updated accounting policy and Note 6 for expanded disclosures. New Accounting Standards Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326) (“ASU 2016-13”).” The standard requires entities to estimate loss of financial assets measured at amortized cost, including trade receivables, debt securities and loans, using an expected credit loss model. The expected credit loss differs from the previous incurred losses model primarily in that the loss recognition threshold of “probable” has been eliminated and that expected loss should consider reasonable and supportable forecasts in addition to the previously considered past events and current conditions. Additionally, the guidance requires additional disclosures related to the further disaggregation of information related to the credit quality of financial assets by year of the asset’s origination for as many as five years. Entities must apply the standard provision as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The standard is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted for annual periods beginning after December 15, 2018, and interim periods within those fiscal years. The Company is currently evaluating the impact of adopting ASU 2016-13 on its financial statements. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820) (“ASU 2018-13”), which modifies the disclosure requirements on fair value measurements . The amendments in this update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted for any removed or modified disclosures. The Company is currently evaluating the impact of adopting ASU 2018-13 on its financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Schedule of ASC 842 Adoption Adjustments Impact on Condensed Balance Sheets	The Company recognized operating lease ROU assets on its Condensed Balance Sheet as of January 1, 2019 of $6.5 million, inclusive of the present value of remaining future operating lease payments of $11.0 million and reclassifications of certain operating lease related assets and liabilities under the Company’s historical accounting policy prior to the adoption of ASC 842 such as deferred rent, short-term prepaid expenses and other accruals. These are summarized in the table below (in thousands). The adoption did not result in a cumulative impact on retained earnings as of January 1, 2019. ASC 842 Adoption Adjustments Present Value of Remaining Reclassifications of Operating Lease Related Balance Sheet Items to Operating Lease Right-of-Use Assets Impact on Condensed Balance Sheets December 31, 2018 Operating Lease Payments as of January 1, 2019 Deferred Rent Other Total January 1, 2019 Prepaid expenses and other current assets $ 1,130 $ - $ - $ (77 ) $ (77 ) $ 1,053 Other intangible assets, net 13,712 - - - - 13,712 Other noncurrent assets, net 936 10,957 (4,175 ) (332 ) 6,450 7,386 Total Assets 216,595 10,957 (4,175 ) (409 ) 6,373 222,968 Other current liabilities 8,558 1,802 (531 ) (198 ) 1,073 9,631 Other noncurrent liabilities 6,820 9,155 (3,644 ) (211 ) 5,300 12,120 Total Liabilities 237,732 10,957 (4,175 ) (409 ) 6,373 244,105

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	6 Months Ended
	Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets Subject to Amortization	Intangible assets subject to amortization consisted of the following (in thousands): Estimated June 30, 2019 December 31, 2018 useful life, Accumulated Accumulated in years Gross Amortization Net Gross Amortization Net Network affiliation agreements 15 $ 86,248 $ (74,100 ) $ 12,148 $ 86,248 $ (73,153 ) $ 13,095 Other definite-lived intangible assets 1-15 15,681 (15,127 ) 554 15,681 (15,064 ) 617 Other intangible assets $ 101,929 $ (89,227 ) $ 12,702 $ 101,929 $ (88,217 ) $ 13,712
Estimated Future Amortization Expense of Definite-Lived Intangible Assets	The following table presents the Company’s estimate of amortization expense for the remainder of 2019, each of the five succeeding years ended December 31 and thereafter for definite-lived intangible assets as of June 30, 2019 (in thousands): Remainder of 2019 $ 909 2020 1,518 2021 1,517 2022 1,517 2023 1,444 Thereafter 5,797 $ 12,702
Goodwill and FCC Licenses	The carrying amounts of goodwill and FCC licenses were as follows (in thousands): Goodwill FCC Licenses Accumulated Accumulated Gross Impairment Net Gross Impairment Net Balances as of December 31, 2018 $ 34,737 $ (1,550 ) $ 33,187 $ 53,799 $ (10,697 ) $ 43,102 Balances as of June 30, 2019 $ 34,737 $ (1,550 ) $ 33,187 $ 53,799 $ (10,697 ) $ 43,102

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Long Term Debt	Long-term debt consisted of the following (in thousands): June 30, December 31, 2019 2018 Term loans, net of financing costs and discount of $3,539 and $3,888, respectively $ 223,845 $ 224,639 Less: current portion (2,285 ) (2,285 ) $ 221,560 $ 222,354
Fair Value of Debt	The aggregate carrying amounts and estimated fair values of the Company’s debt were as follows (in thousands): June 30, 2019 December 31, 2018 Carrying Fair Carrying Fair Amount Value Amount Value Term loans $ 223,845 $ 225,314 $ 224,639 $ 220,450

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Schedule of Components of Lease Right-of-Use Assets and Liabilities	The following table summarizes the components of our lease right-of-use assets and liabilities at June 30, 2019: (In thousands) Balance Sheet Classification June 30, 2019 Operating Leases Operating lease right-of-use assets, net Other noncurrent assets, net $ 5,872 Current lease liabilities Current operating lease liabilities $ 1,925 Noncurrent lease liabilities Other noncurrent liabilities $ 8,032
Schedule of Other Information Related to Leases	Other information related to leases as of June 30, 2019 was as follows (in thousands, except lease term and discount rate): Supplemental Cash Flows Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,274 Weighted Average Remaining Lease Term 8 Weighted Average Discount Rate 5.3 %
Schedule of Future Minimum Lease Payments Under Non-Cancellable Leases	Future minimum lease payments under non-cancellable leases as of June 30, 2019 were as follows (in thousands): Remainder of 2019 $ 1,083 2020 2,434 2021 1,494 2022 890 2023 922 Thereafter 5,732 Total future minimum lease payments 12,555 Less imputed interest (2,599 ) Total $ 9,956

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2019
ASC 606 [Member]
Summary of Disaggregation of Revenue	The following table presents the disaggregation of our revenue for the three and six months ended June 30, 2019 and 2018 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Retransmission compensation $ 18,604 $ 17,231 $ 37,708 $ 33,135 Other 306 375 609 628 Revenue from Nexstar 8,262 9,058 16,024 17,486 Net revenue $ 27,172 $ 26,664 $ 54,341 $ 51,249

Organization and Business Ope_2

Organization and Business Operations - Additional Information (Details)	6 Months Ended
	Jun. 30, 2019TelevisionStationSegmentTelevisionMarket
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of television stations owned and operated | TelevisionStation	19
Number of reportable segments | Segment	1
Number of television markets | TelevisionMarket	18
Maximum consolidated first lien net leverage ratio	4.25 to 1.00

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($)	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Summary Of Significant Accounting Policies [Line Items]
Operating lease ROU assets	$ 5,872,000
Opearting lease liabilities	9,956,000
Future operating lease payments	12,555,000
Accumulated deficit	$ (26,589,000)		$ (21,137,000)
ASC 842 Adoption Adjustments [Member]
Summary Of Significant Accounting Policies [Line Items]
Operating lease ROU assets		$ 6,500,000
Opearting lease liabilities		6,500,000
Future operating lease payments		11,000,000
Accumulated deficit		$ 0

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of ASC 842 Adoption Adjustments Impact on Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Prepaid expenses and other current assets	$ 621		$ 1,130
Other intangible assets, net	12,702		13,712
Other noncurrent assets, net	6,654		936
Total Assets	216,254		216,595
Other current liabilities	10,441		8,558
Other noncurrent liabilities	10,842		6,820
Total Liabilities	$ 242,843		$ 237,732
ASC 842 Adoption Adjustments [Member]
Prepaid expenses and other current assets		$ 1,053
Other intangible assets, net		13,712
Other noncurrent assets, net		7,386
Total Assets		222,968
Other current liabilities		9,631
Other noncurrent liabilities		12,120
Total Liabilities		244,105
ASC 842 Adoption Adjustments [Member] | Present Value of Remaining Operating Lease Payments Adjustments [Member] | Restatement Adjustment [Member]
Other noncurrent assets, net		10,957
Total Assets		10,957
Other current liabilities		1,802
Other noncurrent liabilities		9,155
Total Liabilities		10,957
ASC 842 Adoption Adjustments [Member] | Reclassifications Adjustments of Operating Lease Deferred Rent to Operating Lease Right of Use Assets {Member] | Restatement Adjustment [Member]
Other noncurrent assets, net		(4,175)
Total Assets		(4,175)
Other current liabilities		(531)
Other noncurrent liabilities		(3,644)
Total Liabilities		(4,175)
ASC 842 Adoption Adjustments [Member] | Reclassifications Adjustments of Operating Lease Other to Operating Lease Right of Use Assets [Member] | Restatement Adjustment [Member]
Prepaid expenses and other current assets		(77)
Other noncurrent assets, net		(332)
Total Assets		(409)
Other current liabilities		(198)
Other noncurrent liabilities		(211)
Total Liabilities		(409)
ASC 842 Adoption Adjustments [Member] | Reclassifications Adjustments of Operating Lease Total to Operating Lease Right of Use Assets [Member] | Restatement Adjustment [Member]
Prepaid expenses and other current assets		(77)
Other noncurrent assets, net		6,450
Total Assets		6,373
Other current liabilities		1,073
Other noncurrent liabilities		5,300
Total Liabilities		$ 6,373

Local Service Agreements with_2

Local Service Agreements with Nexstar - Additional Information (Details)	6 Months Ended
	Jun. 30, 2019
Minimum [Member]
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Term of agreements renewal periods	8 years
Maximum [Member]
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Term of agreements renewal periods	10 years

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill - Intangible Assets Subject to Amortization (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross	$ 101,929	$ 101,929
Accumulated Amortization	(89,227)	(88,217)
Net	12,702	13,712
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross	15,681	15,681
Accumulated Amortization	(15,127)	(15,064)
Net	$ 554	$ 617
Other Intangible Assets [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	1 year	1 year
Other Intangible Assets [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	15 years	15 years
Network Affiliation Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross	$ 86,248	$ 86,248
Accumulated Amortization	(74,100)	(73,153)
Net	$ 12,148	$ 13,095
Estimated useful life	15 years	15 years

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill - Estimated Amortization Expense of Definite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Finite Lived Intangible Assets Future Amortization Expense Current And Five Succeeding Fiscal Years [Abstract]
Remainder of 2019	$ 909
2020	1,518
2021	1,517
2022	1,517
2023	1,444
Thereafter	5,797
Net	$ 12,702	$ 13,712

Intangible Assets and Goodwil_4

Intangible Assets and Goodwill - Goodwill and FCC Licenses (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Goodwill [Abstract]
Goodwill, Gross	$ 34,737	$ 34,737
Goodwill, Accumulated Impairment	(1,550)	(1,550)
Goodwill, Net	33,187	33,187
FCC Licenses [Abstract]
FCC Licenses, Gross	53,799	53,799
FCC Licenses, Accumulated Impairment	(10,697)	(10,697)
FCC Licenses, Net	$ 43,102	$ 43,102

Debt - Long Term Debt (Details)

Debt - Long Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Long term Debt [Abstract]
Less: current portion	$ (2,285)	$ (2,285)
Debt, noncurrent	221,560	222,354
Term Loan B [Member]
Long term Debt [Abstract]
Long term Debt	223,845	224,639
Less: current portion	(2,285)	(2,285)
Debt, noncurrent	$ 221,560	$ 222,354

Debt - Long Term Debt (Parenthe

Debt - Long Term Debt (Parenthetical) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Term Loan B [Member]
Long term Debt [Abstract]
Debt financing costs and discount	$ 3,539	$ 3,888

Debt - Additional Information (

Debt - Additional Information (Details)	6 Months Ended
	Jun. 30, 2019USD ($)
Financial Guarantee of Nexstar 5.625% Senior Unsecured Notes Due 2024 [Member]
Debt Instrument [Line Items]
Maximum guarantee exposure	$ 900,000,000
Interest rate	5.625%
Current exposure under the guarantee	$ 889,100,000
Guarantee of Nexstar 6.125% Notes Due 2022 [Member]
Debt Instrument [Line Items]
Maximum guarantee exposure	$ 275,000,000
Interest rate	6.125%
Current exposure under the guarantee	$ 273,700,000
Guarantee of Nexstar Senior Secured Credit Facility [Member]
Debt Instrument [Line Items]
Maximum guarantee exposure	2,084,000,000
Guarantee of Nexstar Senior Secured Credit Facility Term Loan B [Member]
Debt Instrument [Line Items]
Current exposure under the guarantee	1,116,000,000
Guarantee of Nexstar Senior Secured Credit Facility Term Loan A [Member]
Debt Instrument [Line Items]
Current exposure under the guarantee	804,900,000
Revolving Loans [Member]
Debt Instrument [Line Items]
Available borrowing capacity	3,000,000
Term Loan B [Member] | Senior Secured Credit Facility [Member]
Debt Instrument [Line Items]
Payment of contractual maturities under term loan	$ 1,100,000

Debt - Fair Value of Debt (Deta

Debt - Fair Value of Debt (Details) - Term Loan B [Member] - Level 3 [Member] - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Carrying Amount [Member]
Fair Value of debt [Line Items]
Carrying and Fair Value of Debt	$ 223,845	$ 224,639
Fair Value [Member]
Fair Value of debt [Line Items]
Carrying and Fair Value of Debt	$ 225,314	$ 220,450

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Lessee Lease Description [Line Items]
Operating lease, existence of option to extend		true
Operating lease, existence of option to terminate		true
Operating lease cost	$ 0.4	$ 0.9
Minimum [Member]
Lessee Lease Description [Line Items]
Operating lease, remaining lease term		3 months
Operating lease, option to extend term		5 years
Maximum [Member]
Lessee Lease Description [Line Items]
Operating lease, remaining lease term		13 years
Operating lease, option to extend term		25 years
Operating lease, option to terminate term		1 year

Leases - Schedule of Components

Leases - Schedule of Components of Lease Right-of-Use Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Operating Leases
Operating lease right-of-use assets, net	$ 5,872
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssetsNoncurrent
Current lease liabilities	$ 1,925	$ 721
Noncurrent lease liabilities	$ 8,032
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesNoncurrent

Leases - Schedule of Other Info

Leases - Schedule of Other Information Related to Leases (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Supplemental information:
Operating cash flows from operating leases	$ 1,274
Weighted Average Remaining Lease Term	8 years
Weighted Average Discount Rate	5.30%

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments Under Non-Cancellable Leases (Details) $ in Thousands	Jun. 30, 2019USD ($)
Leases [Abstract]
Remainder of 2019	$ 1,083
2020	2,434
2021	1,494
2022	890
2023	922
Thereafter	5,732
Total future minimum lease payments	12,555
Less imputed interest	(2,599)
Total	$ 9,956

Revenue - Summary of Disaggrega

Revenue - Summary of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation Of Revenue [Line Items]
Net revenue	$ 27,172	$ 26,664	$ 54,341	$ 51,249
Revenue from Nexstar	8,262	9,058	16,024	17,486
Retransmission Compensation [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	18,604	17,231	37,708	33,135
Other [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	$ 306	$ 375	$ 609	$ 628

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (1,016)	$ (425)	$ (1,851)	$ (1,406)
Pre-tax book income (loss)	$ (4,000)	$ (1,700)	$ (7,300)	$ 5,800
Effective income tax rate	25.30%	24.80%	25.30%	24.10%
Percentage of increase (decrease) in effective tax rate	1.11%		1.11%

FCC Regulatory Matters - Additi

FCC Regulatory Matters - Additional Information (Details) $ in Thousands	Feb. 06, 2019USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)TelevisionStation	Jun. 30, 2018USD ($)
Risks And Uncertainties [Abstract]
Maximum percentage of television household reach		39.00%		39.00%
Percentage reach of ultra high frequency station		50.00%		50.00%
Date of abolishing the UHF discount				Aug. 24, 2016
Effective date of reinstating the UHF discount				Jun. 15, 2017
Number of full power stations repacked | TelevisionStation				7
Maximum amount allocated by Congress for reimbursement of repack costs				$ 2,750,000
Relocation fund included in reimbursement of repack costs				1,000,000
Estimated reimbursable costs	$ 1,900,000
Capital expenditures related to station repack		$ 1,900	$ 800	2,700	$ 1,200
Reimbursement from the FCC related to station repack		$ 764	$ 187	$ 2,300	$ 187

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($)	Jul. 03, 2019	Jun. 30, 2019
Option Agreement to Sell Mission's Capital Stock to Nexstar [Member]
Other Commitments [Abstract]
Minimum purchase price Mission agreed to sell its capital stock to Nexstar		$ 100,000
Minimum [Member] | Option Agreement To Sell The Assets Of Mission Stations To Nexstar [Member]
Other Commitments [Abstract]
Options expiration date year		2021
Maximum [Member] | Option Agreement To Sell The Assets Of Mission Stations To Nexstar [Member]
Other Commitments [Abstract]
Options expiration date year		2028
Guarantee of Nexstar Senior Secured Credit Facility [Member]
Guarantees of Nexstar Debt [Abstract]
Maximum guarantee exposure		$ 2,084,000,000
Outstanding principal balance repaid		163,400,000
Revolving loan commitment outstanding		0
Guarantee of Nexstar Senior Secured Credit Facility Term Loan B [Member]
Guarantees of Nexstar Debt [Abstract]
Current exposure under the guarantee		$ 1,116,000,000
Maturity date		Jan. 17, 2024
Guarantee of Nexstar 6.125% Notes Due 2022 [Member]
Guarantees of Nexstar Debt [Abstract]
Maximum guarantee exposure		$ 275,000,000
Current exposure under the guarantee		$ 273,700,000
Interest rate		6.125%
Maturity date		Feb. 15, 2022
Financial Guarantee of Nexstar 5.625% Senior Unsecured Notes Due 2024 [Member]
Guarantees of Nexstar Debt [Abstract]
Maximum guarantee exposure		$ 900,000,000
Current exposure under the guarantee		$ 889,100,000
Interest rate		5.625%
Maturity date		Aug. 1, 2024
Guarantee of Nexstar Senior Secured Credit Facility Term Loan A [Member]
Guarantees of Nexstar Debt [Abstract]
Current exposure under the guarantee		$ 804,900,000
Maturity date		Oct. 26, 2023
Financial Guarantee of Nexstar Escrow 5.625% Senior Unsecured Notes Due 2027 [Member] | Subsequent Event [Member]
Guarantees of Nexstar Debt [Abstract]
Interest rate	5.625%
Sale and issuance of notes	$ 1,120,000,000
Maturity year	2027