Gray Television (GTN) 10-Q 8 May 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2014	Apr. 30, 2014	Apr. 30, 2014
		Common Class A [Member]	Common Stock [Member]
Document Information [Line Items]	'	'	'
Entity Registrant Name	'GRAY TELEVISION INC	'	'
Document Type	'10-Q	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Common Stock, Shares Outstanding	'	5,989,314	52,533,029
Amendment Flag	'false	'	'
Entity Central Index Key	'0000043196	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Filer Category	'Accelerated Filer	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Document Period End Date	31-Mar-14	'	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'Q1	'	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'		'
Cash	$27,044		$13,478
Accounts receivable, less allowance for doubtful accounts of $1,176 and $730, respectively	69,429		70,047
Current portion of program broadcast rights, net	5,290		7,656
Deferred tax asset	34,113		34,113
Prepaid and other current assets	11,268		5,293
Total current assets	147,144		130,587
Property and equipment, net	139,585		143,621
Deferred loan costs, net	16,706		17,293
Broadcast licenses	838,983		838,982
Goodwill	184,389		184,409
Investment in broadcasting company	13,599		13,599
Other	3,170		3,289
Total assets (1)	1,345,931	[1]	1,334,424	[1]
Current liabilities:	'		'
Accounts payable	3,247		2,256
Employee compensation and benefits	11,745		16,759
Accrued interest	25,336		12,703
Accrued network programming fees	3,320		2,467
Other accrued expenses	15,129		14,897
Federal and state income taxes	1,500		1,550
Current portion of program broadcast obligations	6,448		9,707
Deferred revenue	3,469		2,522
Current portion of long-term debt	203		224
Total current liabilities	70,397		63,085
Long-term debt, less current portion	842,360		842,650
Program broadcast obligations, less current portion	1,507		1,520
Deferred income taxes	226,256		225,407
Accrued pension costs	27,535		26,925
Other	803		827
Total liabilities (1)	1,168,858	[1]	1,160,414	[1]
Stockholdersb equity:	'		'
Accumulated deficit	-249,723		-251,000
Accumulated other comprehensive loss, net of income tax benefit	-10,409		-10,409
	240,321		236,967
Total stockholdersb equity	177,073		174,010
Total liabilities and stockholdersb equity	1,345,931		1,334,424
Common Class B [Member]	'		'
Stockholdersb equity:	'		'
Common stock	484,519		483,055
Common Class A [Member]	'		'
Stockholdersb equity:	'		'
Common stock	15,934		15,321
Class B Treasury Stock [Member]	'		'
Stockholdersb equity:	'		'
Treasury stock	-40,850		-40,559
Class A Treasury Stock [Member]	'		'
Stockholdersb equity:	'		'
Treasury stock	-22,398		-22,398
Other Intangible Assets [Member]	'		'
Current assets:	'		'
Other intangible assets, net	$2,355		$2,644
[1]	Our consolidated total assets as of March 31, 2014 and December 31, 2013 included total assets of $6.7 million and $6.8 million, respectively, of a variable interest entity ("VIE"). These assets can only be used to settle the obligations of the VIE. Our consolidated total liabilities as of March 31, 2014 and December 31, 2013 included total liabilities of $3.0 million and $3.1 million, respectively, of the VIE. As of March 31, 2014 and December 31, 2013, the creditors of the VIE had recourse against Gray for $2.95 million and $3.0 million of these liabilities, respectively.

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Allowance for doubtful accounts (in Dollars)	$1,176	$730
Common Class B [Member]	'	'
Common stock, par value (in Dollars per share)	$0	$0
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	57,324,331	57,010,878
Common Class A [Member]	'	'
Common stock, par value (in Dollars per share)	$0	$0
Common stock, shares authorized	15,000,000	15,000,000
Common stock, shares issued	7,567,868	7,331,574
Class B Treasury Stock [Member]	'	'
Treasury stock, shares	4,791,481	4,768,925
Class A Treasury Stock [Member]	'	'
Treasury stock, shares	1,578,554	1,578,554

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Revenue (less agency commissions)	$91,297	$78,169
Operating expenses before depreciation, amortization and loss (gain) on disposal of assets, net:	'	'
Broadcast	60,384	53,494
Corporate and administrative	6,499	3,824
Depreciation	6,384	5,800
Amortization of intangible assets	289	19
Loss (gain) on disposals of assets, net	331	-28
Operating expenses	73,887	63,109
Operating income	17,410	15,060
Other income (expense):	'	'
Miscellaneous income, net	'	1
Interest expense	-15,274	-12,540
Income before income taxes	2,136	2,521
Income tax expense	859	1,651
Net income	$1,277	$870
Basic per share information:	'	'
Net income (in Dollars per share)	$0.02	$0.02
Weighted average shares outstanding (in Shares)	57,847	57,523
Diluted per share information:	'	'
Net income (in Dollars per share)	$0.02	$0.02
Weighted average shares outstanding (in Shares)	58,286	57,701

Condensed_Consolidated_Stateme1

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) (USD $)

401(k) Plan [Member]

401(k) Plan [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Common Class A [Member]

Common Class B [Member]

Retained Earnings [Member]

Class A Treasury Stock [Member]

Class B Treasury Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Member]

Total

In Thousands, except Share data, unless otherwise specified

Common Class B [Member]

USD ($)

Common Class A [Member]

Common Class B [Member]

Class B Treasury Stock [Member]

2007 Incentive Plan [Member]

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

2007 Incentive Plan [Member]

2007 Incentive Plan [Member]

2007 Incentive Plan [Member]

USD ($)

USD ($)

Balance at December 31, 2013 at Dec. 31, 2013

'

'

'

'

'

'

$15,321

$483,055

($251,000)

($22,398)

($40,559)

($10,409)

$174,010

Balance at December 31, 2013 (in Shares) at Dec. 31, 2013

'

'

'

'

'

'

7,331,574

57,010,878

'

-1,578,554

-4,768,925

'

'

Net income

'

'

'

'

'

'

'

'

1,277

'

'

'

1,277

Issuance of common stock:

'

'

'

'

'

'

'

'

'

'

'

'

'

Common shares issued, value

6

6

'

'

-291

-291

'

'

'

'

'

'

'

Common shares issued (in Shares)

492

'

236,294

312,961

-22,556

'

'

'

'

'

'

'

'

Share-based compensation

'

'

'

'

'

'

613

1,458

'

'

'

'

2,071

Balance at March 31, 2014 at Mar. 31, 2014

'

'

'

'

'

'

$15,934

$484,519

($249,723)

($22,398)

($40,850)

($10,409)

$177,073

Balance at March 31, 2014 (in Shares) at Mar. 31, 2014

'

'

'

'

'

'

7,567,868

57,324,331

'

-1,578,554

-4,791,481

'

'

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Operating activities	'	'
Net income	$1,277	$870
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation	6,384	5,800
Amortization of intangible assets	289	19
Amortization of deferred loan costs	692	411
Amortization of original issue (premium) and discount related to long-term debt	-216	69
Amortization of restricted stock and stock option awards	2,071	136
Amortization of program broadcast rights	2,913	2,837
Payments on program broadcast obligations	-3,823	-2,853
Common stock contributed to 401(k) plan	6	7
Deferred income taxes	849	1,641
Loss (gain) on disposals of assets, net	331	-28
Other	546	426
Changes in operating assets and liabilities:	'	'
Receivables	618	3,500
Other current assets	-5,851	-1,142
Accounts payable	992	-378
Other current liabilities	-3,272	148
Accrued interest	12,633	6,090
Net cash provided by operating activities	16,439	17,553
Investing activities	'	'
Purchases of property and equipment	-3,802	-6,460
Purchase of broadcast licenses	'	-1,247
Proceeds from asset sales	981	30
Other	161	'
Net cash used in investing activities	-2,660	-7,677
Financing activities	'	'
Repayments of borrowings on long-term debt	-108	'
Proceeds from issuance of common stock	'	47
Deferred and other loan costs	-105	'
Net cash (used in) provided by financing activities	-213	47
Net increase in cash	13,566	9,923
Cash at beginning of period	13,478	11,067
Cash at end of period	$27,044	$20,990

Note_1_Basis_of_Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 31, 2014
Disclosure Text Block [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	1.     Basis of Presentation
	The accompanying condensed consolidated balance sheet of Gray Television, Inc. (and its consolidated subsidiaries, except as the context otherwise provides,“Gray,” the “Company,” “we,” “us,” and “our”) as of December 31, 2013, which was derived from the Company’s audited financial statements as of December 31, 2013 and our accompanying unaudited condensed consolidated financial statements as of March 31, 2014 and for the periods ended March 31, 2014 and 2013 have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to those rules and regulations, although we believe that the disclosures made are adequate to make the information not misleading. In our opinion, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair statement have been included. Our operations consist of one reportable segment. For further information, refer to the consolidated financial statements and footnotes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2013 (the “2013 Form 10-K”). Our financial condition as of, and operating results for the three-month period ended, March 31, 2014 are not necessarily indicative of the financial condition or results that may be expected for any future interim period or for the year ending December 31, 2014.
	Seasonality and Cyclicality
	Broadcast advertising revenues are generally highest in the second and fourth quarters each year. This seasonality results partly from increases in consumer advertising in the spring and retail advertising in the period leading up to and including the holiday season. Broadcast advertising revenues are also typically higher in even-numbered years due to increased spending by political candidates, political parties and special interest groups in advance of elections. This political spending typically is heaviest during the fourth quarter.
	Use of Estimates
	The preparation of financial statements in conformity with U.S. GAAP requires our management to make estimates and assumptions that affect the amounts reported in the unaudited condensed consolidated financial statements and the notes to the unaudited condensed consolidated financial statements. Our actual results could differ materially from these estimates. The most significant estimates we make relate to our allowance for doubtful accounts in receivables, valuation of goodwill and intangible assets, amortization of program broadcast rights and intangible assets, stock-based compensation, pension costs, income taxes, employee medical insurance claims, useful lives of property and equipment and contingencies.
	Variable Interest Entitity
	We consolidate a VIE when we are determined to be the primary beneficiary. In accordance with U.S. GAAP, in determining whether we are the primary beneficiary of a VIE for financial reporting purposes, we consider whether we have the power to direct the activities of the VIE that most significantly impact the economic performance of the VIE and whether we have the obligation to absorb losses or the right to receive returns that would be significant to the VIE.
	During the year ended December 31, 2013, we entered into a series of transactions with the News-Press Gazette Company and Excalibur Broadcasting, LLC (collectively with its subsidiaries, “Excalibur”), pursuant to which we acquired the non-license assets, and Excalibur acquired the license assets, of KJCT-TV and associated low power stations (collectively, “KJCT-TV”), in the Grand Junction, Colorado market. In connection therewith, we entered into a shared services agreement, pursuant to which we provide certain services, including back-office, engineering and sales support, and a lease agreement, pursuant to which we provide studio and office space, to Excalibur. We have also entered into a put and call option agreement with Excalibur, pursuant to which we have the right to purchase, and Excalibur has the right to require us to purchase, the license assets of KJCT-TV, upon receipt of Federal Communications Commission (“FCC”) approval (the “KJCT-TV Option”). In connection with the consummation of Excalibur’s acquisition of KJCT-TV’s license assets, Excalibur incurred debt which Gray has guaranteed. The assets of Excalibur can only be used to settle the obligations of Excalibur. In compliance with FCC regulations, Excalibur maintains complete responsibility for and control over programming, finances, personnel and operations of KJCT-TV. See Note 2 “Long-term Debt” for more information.
	Based on the terms of our agreements with, the significance of our investment in, and our guarantee of the debt of, Excalibur, we have determined that Excalibur is a VIE of Gray. We believe we are the primary beneficiary of Excalibur because, subject to the ultimate control of the licensees, we have the power to direct the activities which significantly impact the economic performance of Excalibur through the services we provide, and our obligation to absorb losses and earn returns that would be considered significant to Excalibur. Included in our condensed consolidated statements of operations for the three months ended March 31, 2014 and 2013 is revenue of $0.4 million and $0.0 million, respectively, attributable to Excalibur.
	The carrying amounts and classification of the assets and liabilities of Excalibur described above have been included in our consolidated balance sheets as of March 31, 2014 and December 31, 2013 as follows (in thousands):
		March 31,			December 31,
		2014			2013
	Assets:
	Current assets:
	Cash	$	473		$	473
	Accounts receivable		470			524
	Current portion of program broadcast rights, net		27			42
	Prepaid and other current assets		23			7
	Total current assets		993			1,046
	Property and equipment, net		835			883
	Deferred loan costs, net		235			174
	Broadcast licenses		4,161			4,161
	Other intangible assets, net		517			575
	Total assets	$	6,741		$	6,839
	Liabilities:
	Current liabilities:
	Accounts payable	$	19		$	14
	Employee compensation and benefits		33			8
	Accrued interest		-			2
	Other accrued expenses		17			13
	Accrued expenses due to Gray		1,075			651
	Current portion of program broadcast obligations		26			45
	Current portion of long-term debt		200			200
	Total current liabilities		1,370			933
	Long-term debt, less current portion		2,750			2,800
	Other long-term liabilities		2,621			3,106
	Total liabilities	$	6,741		$	6,839
	The assets of Excalibur can only be used to settle the obligations of Excalibur and may not be sold, or otherwise disposed of, except for assets sold or replaced with others of like kind or value. Other long-term liabilities of $2.6 million and $3.1 million, representing the fair value of the KJCT-TV Option as of March 31, 2014 and December 31, 2013, respectively, and accrued expenses due to Gray of $1.1 million and $0.7 million as of March 31, 2014 and December 31, 2013, respectively, were eliminated in our consolidated financial statements. The terms of the KJCT-TV Option provide for the acquisition of the license assets of KJCT-TV at an exercise price that was less than the carrying value of such assets as of March 31, 2014.
	Earnings Per Share
	We compute basic earnings per share by dividing net income attributable to common stockholders by the weighted-average number of common shares outstanding during the relevant period. The weighted-average number of common shares outstanding does not include restricted shares. These shares, although classified as issued and outstanding, are considered contingently returnable until the restrictions lapse and, in accordance with U.S. GAAP, are not included in the basic earnings per share calculation until the shares vest. Diluted earnings per share is computed by including all potentially dilutive common shares, including restricted shares and shares underlying stock options, in the denominator of the diluted weighted-average shares outstanding calculation, unless their inclusion would be antidilutive.
	The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding for the three-month periods ended March 31, 2014 and 2013 (in thousands):
		Three Months Ended
		March 31,
		2014			2013
	Weighted-average shares outstanding-basic		57,847			57,523
	Common stock equivalents for stock options and restricted stock		439			178
	Weighted-average shares outstanding-diluted		58,286			57,701
	Accumulated Other Comprehensive Loss
	Our accumulated other comprehensive loss balances as of March 31, 2014 and December 31, 2013 consist of adjustments to our pension liability and income tax benefit as follows (in thousands):
		March 31,			December 31,
		2014			2013
	Accumulated balances of items included in accumulated other comprehensive loss:
	Increase in pension liability	$	(17,064	)	$	(17,064	)
	Income tax benefit		(6,655	)		(6,655	)
	Accumulated other comprehensive loss	$	(10,409	)	$	(10,409	)
	Our comprehensive income for the three-month periods ended March 31, 2014 and 2013 consisted entirely of net income. Therefore, a consolidated statement of comprehensive income is not presented for the three-month periods ended March 31, 2014 or 2013.
	Property and Equipment
	Property and equipment are carried at cost. Depreciation is computed principally by the straight-line method. Maintenance, repairs and minor replacements are charged to operations as incurred; major replacements and betterments are capitalized. The cost of any assets sold or retired and the related accumulated depreciation are removed from the accounts at the time of disposition, and any resulting profit or loss is reflected in income or expense for the period. The following table lists components of property and equipment by major category (in thousands):
		March 31,			December 31,			Estimated
		2014			2013			Useful Lives
								(in years)
	Property and equipment:
Land	$	25,271		$	25,656
Buildings and improvements		58,056			59,021		7	to	40
Equipment		321,195			323,603		3	to	20
		404,522			408,280
Accumulated depreciation		(264,937	)		(264,659	)
Total property and equipment, net	$	139,585		$	143,621
Allowance for Doubtful Accounts
Our allowance for doubtful accounts is equal to at least 85% of our receivable balances that are 120 days old or older. We may provide allowances for certain receivable balances that are less than 120 days old when warranted by specific facts and circumstances. We generally write-off accounts receivable balances when the customer files for bankruptcy or when all commonly used methods of collection have been exhausted.
Recent Accounting Pronouncements
We have reviewed all recently issued accounting pronouncements. Of those pronouncements that have been issued but are not yet effective, we do not anticipate a material impact upon our financial statements upon our adoption of those pronouncements. None of the pronouncements that became effective and were adopted by us during the three months ended March 31, 2014 had a material effect upon our results of operations or financial position.

Note_2_Longterm_Debt

Note 2 - Long-term Debt	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	2.      Long-term Debt
	As of March 31, 2014 and December 31, 2013, long-term debt primarily consisted of our obligations under our senior credit facility (the “2012 Senior Credit Facility”), our 7½% Senior Notes due 2020 (the “2020 Notes”) and a term loan between a third party and Excalibur, a VIE whose financial condition and results we consolidate with ours in accordance with U.S. GAAP (the “Excalibur Loan”), as follows (in thousands):
		March 31,			December 31,
		2014			2013
	Long-term debt including current portion:
	2012 Senior Credit Facility	$	159,000		$	159,000
	2020 Notes		675,000			675,000
	Excalibur Loan		2,950			3,000
	Other		3			48
	Total outstanding principal		836,953			837,048
	Plus unamortized premium on our 2020 Notes		5,610			5,826
	Less current portion		(203	)		(224	)
	Net carrying value	$	842,360		$	842,650
	Borrowing availability under the 2012 Senior Credit Facility	$	30,000		$	30,000
	Our 2012 Senior Credit Facility consists of a revolving loan (“2012 Revolving Credit Facility”) and a term loan. Excluding accrued interest, the amount outstanding under our 2012 Senior Credit Facility as of March 31, 2014 and December 31, 2013 was comprised solely of a term loan balance of $159.0 million. Our maximum borrowing availability is limited by our required compliance with certain restrictive covenants, including a first lien net leverage ratio covenant. As of March 31, 2014 and December 31, 2013, we had a $10.0 million letter of credit outstanding under the 2012 Revolving Credit Facility, which reduced our borrowing availability thereunder to $30.0 million as of that date.
	As of March 31, 2014 and December 31, 2013, we had $675.0 million of our 2020 Notes outstanding.
	As of March 31, 2014 and December 31, 2013, the balance outstanding of the Excalibur Loan was $2.95 million and $3.0 million, respectively.
	As of March 31, 2014 and December 31, 2013, the interest rate on the balance outstanding under the 2012 Senior Credit Facility was 4.5% and 4.8%, respectively; the coupon interest rate was 7.5% and the yield was 7.6% on the 2020 Notes; and the interest rate on the balance outstanding under the Excalibur Loan was 4.75%.
	As of March 31, 2014 and December 31, 2013, we had a deferred loan cost balance, net of accumulated amortization, of $3.7 million and $3.9 million, respectively, related to the 2012 Senior Credit Facility; and we had a deferred loan cost balance, net of accumulated amortization, of $12.8 million and $13.2 million, respectively, related to our 2020 Notes. The deferred loan cost balance, net of accumulated amortization, of the Excalibur Loan as of March 31, 2014 and December 31, 2013 was $0.2 million.
	Our obligations under the 2012 Senior Credit Facility are secured by substantially all of our and our consolidated subsidiaries' assets, including real estate.  In addition, substantially all of our subsidiaries are joint and several guarantors of, and our ownership interests in those subsidiaries are pledged to collateralize, our obligations under the 2012 Senior Credit Facility.  Excalibur is not a guarantor of, and its assets are not pledged to secure our obligations under, the 2012 Senior Credit Facility. Gray Television, Inc. is a holding company with no independent assets or operations.  For all periods presented, the 2020 Notes have been fully and unconditionally guaranteed, on a joint and several, senior unsecured basis, by substantially all of Gray Television, Inc.'s subsidiaries.  Any subsidiaries which do not guarantee such notes are "minor" (as defined in Rule 3-10(h) of Regulation S-X).  As of March 31, 2014, there were no significant restrictions on the ability of Gray Television, Inc.'s subsidiaries to distribute cash to Gray or to the guarantor subsidiaries. Excalibur is not a guarantor of the 2020 Notes. The Excalibur Loan is secured by substantially all of Excalibur’s assets, and we have jointly and severally guaranteed Excalibur’s obligations under the Excalibur Loan, including the payment of all unpaid principal and interest.
	The 2012 Senior Credit Facility contains affirmative and restrictive covenants that we must comply with, including (a) limitations on additional indebtedness, (b) limitations on liens, (c) limitations on the sale of assets, (d) limitations on guarantees, (e) limitations on investments and acquisitions, (f) limitations on the payment of dividends and share repurchases, (g) limitations on mergers, and (h) maintenance of a total leverage ratio not to exceed certain maximum limits, as well as other customary covenants for credit facilities of this type. The 2020 Notes include covenants with which we must comply and the Excalibur Loan includes covenants with which Excalibur must also comply, each of which are typical for borrowing transactions of their respective nature. As of March 31, 2014 and December 31, 2013, we were in compliance with all required covenants under all our debt obligations.
	See Note 1 “Basis of Presentation” for more information about Excalibur.

Note_3_Fair_Value_Measurement

Note 3 - Fair Value Measurement	3 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	3.     Fair Value Measurement
	To determine fair value, we utilize market data or assumptions that market participants would use in pricing an asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated or generally unobservable. We utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. These inputs are prioritized into a hierarchy that gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (“Level 1”) and the lowest priority to unobservable inputs that require assumptions to measure fair value (“Level 3”). Level 2 inputs are those that are other than quoted prices on national exchanges included within Level 1 that are observable for the asset or liability either directly or indirectly (“Level 2”).
	Fair Value of Other Financial Instruments
	The estimated fair value of other financial instruments is determined using market information and appropriate valuation methodologies. Interpreting market data to develop fair value estimates involves considerable judgment. The use of different market assumptions may have a material effect on the estimated fair value amounts. Accordingly, the estimates presented are not necessarily indicative of the amounts that we could realize in a current market exchange, or the value that ultimately will be realized upon maturity or disposition.
	The carrying amounts of the following instruments approximate fair value due to their short term to maturity: (i) accounts receivable, (ii) prepaid and other current assets, (iii) accounts payable, (iv) accrued employee compensation and benefits, (v) accrued interest, (vi) other accrued expenses, (vii) acquisition-related liabilities and (viii) deferred revenue.
	The carrying amount of our long-term debt was $842.6 million and $842.9 million, respectively, and the fair value was $895.1 million and $877.5 million, respectively, as of March 31, 2014 and December 31, 2013. We classify long-term debt within Level 2 of the fair value hierarchy. Fair value of our long-term debt is based on observable estimates provided by third party financial professionals as of March 31, 2014 and December 31, 2013.

Note_4_Retirement_Plans

Note 4 - Retirement Plans	3 Months Ended
	Mar. 31, 2014
Compensation and Retirement Disclosure [Abstract]	'
Pension and Other Postretirement Benefits Disclosure [Text Block]	'
	4.     Retirement Plans
	The following table provides the components of net periodic benefit cost for our pension plans for the three- month periods ended March 31, 2014 and 2013, respectively (in thousands):
		Three Months Ended March 31,
		2014			2013
	Service cost	$	1,345		$	1,325
	Interest cost		1,070			917
	Expected return on plan assets		(1,094	)		(830	)
	Loss amortization		252			742
	Net periodic benefit cost	$	1,573		$	2,154
	During the three months ended March 31, 2014, we contributed $1.0 million to our pension plans. During the remainder of 2014, we expect to contribute an additional $5.1 million to our pension plans.

Note_5_Stockbased_Compensation

Note 5 - Stock-based Compensation	3 Months Ended
	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	5.     Stock-based Compensation
	We recognize compensation expense for stock-based payment awards made to our employees and directors, including stock options and restricted shares under our 2007 Long-Term Incentive Plan, as amended (the “2007 Incentive Plan”) and our Directors’ Restricted Stock Plan. The following table provides our stock-based compensation expense and related income tax benefit for the three-month periods ended March 31, 2014 and 2013, respectively (in thousands).
		Three Months Ended March 31,
		2014			2013
	Stock-based compensation expense, gross	$	2,071		$	136
	Income tax benefit at our statutory rate associated with stock-based compensation		(808	)		(53	)
	Stock-based compensation expense, net	$	1,263		$	83
	2007 Long-Term Incentive Plan
	The 2007 Long-Term Incentive Plan provides for the grant of incentive stock options, nonqualified stock options, restricted stock awards, stock appreciation rights, and performance awards to acquire shares of our Class A common stock or common stock, or the receipt of other awards based on our performance, to our employees and non-employee directors.
	During the three-month period ended March 31, 2014, we granted 312,961 shares of restricted common stock to our employees, of which 68,991 shares vested on the date of grant; 127,316 shares will vest on January 17, 2015; and 58,327 shares will vest on each of January 17, 2016 and January 17, 2017. Also during the three-month period ended March 31, 2014, we granted 194,413 shares of restricted Class A common stock to an employee, of which 31,821 shares vested on the date of grant; 75,412 shares will vest on January 17, 2015; and 43,590 shares will vest on each of January 17, 2016 and January 17, 2017. Also during the three-month period ended March 31, 2014, we granted 41,881 shares of restricted Class A common stock to our non-employee directors, all of which will vest on January 1, 2015. During the three-month period ended March 31, 2013, we granted 318,852 shares of restricted common stock to our employees. Of these shares, 107,224 vested in the year ended December 31, 2013; 70,542 shares vested on March 19, 2014; and 70,542 will vest on each of March 19, 2015 and March 19, 2016. During the three-month period ended March 31, 2013, we granted 63,210 shares of restricted common stock to our non-employee directors. These shares vested on January 1, 2014.
	Directors’ Restricted Stock Plan
	The Directors’ Restricted Stock Plan authorizes the grant of restricted stock awards to our non-employee directors. During the three-month periods ended March 31, 2014 and 2013 we did not grant any restricted stock awards under the Directors’ Restricted Stock Plan.
	A summary of restricted common stock activity for the three-month periods ended March 31, 2014 and 2013 is as follows:
		Three Months Ended
		31-Mar-14						31-Mar-13
		Number			Weighted-			Number			Weighted-
		of			Average			of			Average
		Shares			Grant Date			Shares			Grant Date
					Fair Value						Fair Value
					Per Share						Per Share
	Restricted stock - common:
	Outstanding - beginning of period		274,838		$	4.43			-		$	-
	Granted		312,961		$	11.78			382,062		$	4.43
	Vested		(202,743	)	$	6.93			-		$	-
	Outstanding - end of period		385,056		$	9.09			382,062		$	4.43
	A summary of restricted Class A common stock activity for the three-month periods ended March 31, 2014 and 2013 is as follows:
		Three Months Ended
		31-Mar-14						31-Mar-13
		Number			Weighted-			Number			Weighted-
		of			Average			of			Average
		Shares			Grant Date			Shares			Grant Date
					Fair Value						Fair Value
					Per Share						Per Share
	Restricted stock - Class A common:
	Outstanding - beginning of period		-		$	-			-		$	-
	Granted		236,294		$	9.8			-		$	-
	Vested		(31,821	)	$	9.75			-		$	-
	Outstanding - end of period		204,473		$	9.81			-		$	-
	A summary of stock option activity related to our common stock for the three-month periods ended March 31, 2014 and 2013 is as follows:
		Three Months Ended
		31-Mar-14						31-Mar-13
		Number of			Weighted-			Number of			Weighted-
		Shares			Average			Shares			Average
		Underlying			Exercise			Underlying			Exercise
		Options			Price			Options			Price
					Per Share						Per Share
	Stock options - common:
	Outstanding - beginning of period		274,746		$	1.99			1,316,068		$	5.98
	Options exercised		-		$	-			(15,000	)	$	3.11
	Options expired		-		$	-			(921,500	)	$	7.64
	Outstanding - end of period		274,746		$	1.99			379,568		$	2.06
	Exercisable at end of period		68,688		$	1.99			20,000		$	3.23
	For the three-month period ended March 31, 2014, we did not have any stock options outstanding for our Class A common stock. The aggregate intrinsic value of our stock options was $2.3 million based on the closing market price of our common stock on March 31, 2014.

Note_6_Commitments_and_Conting

Note 6 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	6.      Commitments and Contingencies
	Acquisition Commitments
	As of March 31, 2014, we were party to various acquisition agreements pursuant to which we have committed to pay an aggregate of approximately $312.5 million to complete these pending acquisitions. Completion of these acquisitions is subject to various conditions, some of which are outside of our control, and which include, in some instances, the approval of the acquisition by the Federal Communications Commission. No assurances of the timing of such approvals can be provided.
	Legal Proceedings and Claims
	From time to time, we are or may become subject to legal proceedings and claims that arise in the normal course of our business. In our opinion, the amount of ultimate liability, if any, with respect to known actions, will not materially affect our financial position. However, the outcome of any one or more matters cannot be predicted with certainty, and the unfavorable resolution of any matter could have a material adverse effect on us.
	Sports Marketing Agreement
	On October 12, 2004, the University of Kentucky (“UK”) awarded a sports marketing agreement jointly to us and IMG Worldwide, Inc. (“IMG”) (the “UK Agreement”). The UK Agreement expires April 15, 2015.
	The UK Agreement provides that we will share in profits in excess of certain amounts specified by the agreement, if any, but not losses. The agreement also provides that we will separately retain all local broadcast advertising revenue and pay all local broadcast expenses for activities under the agreement. Under the agreement, IMG agreed to make all license fee payments to UK. However, if IMG is unable to pay the license fee to UK, we will then be required to pay the unpaid portion of the license fee to UK. As of March 31, 2014, the aggregate license fee to be paid by IMG to UK over the remaining term of the agreement is approximately $13.3 million. If we make advances on behalf of IMG, IMG is required to reimburse us for the amount paid within 60 days after the close of each contract year, which ends on June 30th. IMG has also agreed to pay interest on any advance at a rate equal to the prime rate. During the three-month period ended March 31, 2014, we did not advance any amounts to UK on behalf of IMG under this agreement. As of March 31, 2014, we do not consider the risk of non-performance by IMG to be high.

Note_7_Goodwill_and_Intangible

Note 7 - Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Goodwill and Intangible Assets Disclosure [Text Block]	'
	7.      Goodwill and Intangible Assets
	Our intangible assets are primarily comprised of network affiliations and broadcast licenses. There were no triggering events that required a test of impairment of our goodwill or intangible assets during the three-month periods ended March 31, 2014 or 2013.

Note_8_Income_Taxes

Note 8 - Income Taxes	3 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	8.     Income Taxes
	For the three-month periods ended March 31, 2014 and 2013, our income tax expense and effective income tax rates were as follows (dollars in thousands):
		Three Months Ended March 31,
		2014			2013
	Income tax expense	$	859		$	1,651
	Effective income tax rate		40.2	%		65.5	%
	We estimate our differences between taxable income or loss and recorded income or loss on an annual basis. Our tax provision for each quarter is based upon these full year projections, which are revised each reporting period. These projections incorporate estimates of permanent differences between U.S. GAAP income or loss and taxable income or loss, state income taxes and adjustments to our liability for unrecognized tax benefits to adjust our statutory Federal income tax rate of 35.0% to our effective income tax rate. For the three-month period ended March 31, 2014, these estimates increased or decreased our statutory Federal income tax rate of 35.0% to our effective income tax rate of 40.2% as follows: state income taxes added 4.4%, permanent differences between our U.S. GAAP income and taxable income added 1.0% and adjustments to our reserve for uncertain tax positions resulted in a reduction of 0.2%. For the three-month period ended March 31, 2013, these estimates increased or decreased our statutory Federal income tax rate of 35.0% to our effective income tax rate of 65.5% as follows: an adjustment specific to the quarter resulting from the expiration of certain unexercised stock options added 24.6%, state income taxes added 4.7%, permanent differences between our U.S. GAAP income and taxable income added 1.6%, and adjustments to our reserve for uncertain tax positions resulted in a reduction of 0.4%.

Note_9_Subsequent_Events

Note 9 - Subsequent Events	3 Months Ended
	Mar. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	9.     Subsequent Events
	On April 1, 2014, we completed the acquisition of WQCW (TV), Portsmouth, Ohio and WOCW-LP, Charleston, West Virginia (collectively, “WQCW-TV”) at which time we paid the remaining $0.9 million of the unpaid purchase price to complete the acquisition. WQCW-TV serves as the CW affiliate for the Charleston/Huntington, West Virginia, television market.
	On May 1, 2014, Gray completed its acquisition of KEVN-TV and its satellite station KIVV-TV from Mission TV, LLC for a purchase price of $7.75 million. These stations serve as the Fox affiliate for the Rapid City, South Dakota, television market.
	Also on May 1, 2014, Gray completed its acquisition of certain assets of KNDX-TV and its satellite station KXND-TV (collectively, “KNDX-TV”), as well as certain assets of the related low-power stations KNDX-LP and KXND-LP, from Prime Cities Broadcasting, Inc. (“Prime Cities”) for an aggregate purchase price of $7.0 million. These stations serve as the Fox affiliate for the Minot-Bismarck, North Dakota, television market. On May 1, 2014, Gray also began operating these four stations pursuant to a local marketing agreement (“LMA”) with Prime Cities. The LMA will terminate with respect to KNDX-TV (but not the low-power stations) upon Gray’s acquisition of any other full-power television station in the Minot-Bismarck television market.
	Also on May 1, 2014, Gray and Prime Cities entered into an agreement for Gray to acquire the FCC licenses of KNDX-LP and KXND-LP (but not KNDX-TV) for an aggregate purchase price of $0.5 million. We anticipate closing the low-power station acquisitions in the second or third quarter of 2014 subject to the receipt of FCC approval and other customary conditions.
	On May 5, 2014, Gray entered into an agreement to acquire KTVH-TV, the NBC affiliate for the Helena, Montana, television market, and KBGF-TV, the NBC affiliate for the Great Falls, Montana, television market from Intermountain West Communications Company. Gray also entered into an agreement to acquire KMTF-TV, the CW affiliate for the Helena market from Rocky Mountain Broadcasting Company, subject to receipt of a “failing station waiver” from the FCC. On June 1, 2014, Gray will begin operating the NBC stations pursuant to a LMA. The aggregate purchase price to complete these acquisitions is approximately $2.0 million.
	Gray funded, or will fund, the total cost of these acquisitions with cash from operations and borrowings under its 2012 Senior Credit Facility.

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Revenue Recognition, Policy [Policy Text Block]	'
	Seasonality and Cyclicality
	Broadcast advertising revenues are generally highest in the second and fourth quarters each year. This seasonality results partly from increases in consumer advertising in the spring and retail advertising in the period leading up to and including the holiday season. Broadcast advertising revenues are also typically higher in even-numbered years due to increased spending by political candidates, political parties and special interest groups in advance of elections. This political spending typically is heaviest during the fourth quarter.
Use of Estimates, Policy [Policy Text Block]	'
	Use of Estimates
	The preparation of financial statements in conformity with U.S. GAAP requires our management to make estimates and assumptions that affect the amounts reported in the unaudited condensed consolidated financial statements and the notes to the unaudited condensed consolidated financial statements. Our actual results could differ materially from these estimates. The most significant estimates we make relate to our allowance for doubtful accounts in receivables, valuation of goodwill and intangible assets, amortization of program broadcast rights and intangible assets, stock-based compensation, pension costs, income taxes, employee medical insurance claims, useful lives of property and equipment and contingencies.
Consolidation, Variable Interest Entity, Policy [Policy Text Block]	'
	Variable Interest Entitity
	We consolidate a VIE when we are determined to be the primary beneficiary. In accordance with U.S. GAAP, in determining whether we are the primary beneficiary of a VIE for financial reporting purposes, we consider whether we have the power to direct the activities of the VIE that most significantly impact the economic performance of the VIE and whether we have the obligation to absorb losses or the right to receive returns that would be significant to the VIE.
	During the year ended December 31, 2013, we entered into a series of transactions with the News-Press Gazette Company and Excalibur Broadcasting, LLC (collectively with its subsidiaries, “Excalibur”), pursuant to which we acquired the non-license assets, and Excalibur acquired the license assets, of KJCT-TV and associated low power stations (collectively, “KJCT-TV”), in the Grand Junction, Colorado market. In connection therewith, we entered into a shared services agreement, pursuant to which we provide certain services, including back-office, engineering and sales support, and a lease agreement, pursuant to which we provide studio and office space, to Excalibur. We have also entered into a put and call option agreement with Excalibur, pursuant to which we have the right to purchase, and Excalibur has the right to require us to purchase, the license assets of KJCT-TV, upon receipt of Federal Communications Commission (“FCC”) approval (the “KJCT-TV Option”). In connection with the consummation of Excalibur’s acquisition of KJCT-TV’s license assets, Excalibur incurred debt which Gray has guaranteed. The assets of Excalibur can only be used to settle the obligations of Excalibur. In compliance with FCC regulations, Excalibur maintains complete responsibility for and control over programming, finances, personnel and operations of KJCT-TV. See Note 2 “Long-term Debt” for more information.
	Based on the terms of our agreements with, the significance of our investment in, and our guarantee of the debt of, Excalibur, we have determined that Excalibur is a VIE of Gray. We believe we are the primary beneficiary of Excalibur because, subject to the ultimate control of the licensees, we have the power to direct the activities which significantly impact the economic performance of Excalibur through the services we provide, and our obligation to absorb losses and earn returns that would be considered significant to Excalibur. Included in our condensed consolidated statements of operations for the three months ended March 31, 2014 and 2013 is revenue of $0.4 million and $0.0 million, respectively, attributable to Excalibur.
	The carrying amounts and classification of the assets and liabilities of Excalibur described above have been included in our consolidated balance sheets as of March 31, 2014 and December 31, 2013 as follows (in thousands):
		March 31,			December 31,
		2014			2013
	Assets:
	Current assets:
	Cash	$	473		$	473
	Accounts receivable		470			524
	Current portion of program broadcast rights, net		27			42
	Prepaid and other current assets		23			7
	Total current assets		993			1,046
	Property and equipment, net		835			883
	Deferred loan costs, net		235			174
	Broadcast licenses		4,161			4,161
	Other intangible assets, net		517			575
	Total assets	$	6,741		$	6,839
	Liabilities:
	Current liabilities:
	Accounts payable	$	19		$	14
	Employee compensation and benefits		33			8
	Accrued interest		-			2
	Other accrued expenses		17			13
	Accrued expenses due to Gray		1,075			651
	Current portion of program broadcast obligations		26			45
	Current portion of long-term debt		200			200
	Total current liabilities		1,370			933
	Long-term debt, less current portion		2,750			2,800
	Other long-term liabilities		2,621			3,106
	Total liabilities	$	6,741		$	6,839
	The assets of Excalibur can only be used to settle the obligations of Excalibur and may not be sold, or otherwise disposed of, except for assets sold or replaced with others of like kind or value. Other long-term liabilities of $2.6 million and $3.1 million, representing the fair value of the KJCT-TV Option as of March 31, 2014 and December 31, 2013, respectively, and accrued expenses due to Gray of $1.1 million and $0.7 million as of March 31, 2014 and December 31, 2013, respectively, were eliminated in our consolidated financial statements. The terms of the KJCT-TV Option provide for the acquisition of the license assets of KJCT-TV at an exercise price that was less than the carrying value of such assets as of March 31, 2014.
Earnings Per Share, Policy [Policy Text Block]	'
	Earnings Per Share
	We compute basic earnings per share by dividing net income attributable to common stockholders by the weighted-average number of common shares outstanding during the relevant period. The weighted-average number of common shares outstanding does not include restricted shares. These shares, although classified as issued and outstanding, are considered contingently returnable until the restrictions lapse and, in accordance with U.S. GAAP, are not included in the basic earnings per share calculation until the shares vest. Diluted earnings per share is computed by including all potentially dilutive common shares, including restricted shares and shares underlying stock options, in the denominator of the diluted weighted-average shares outstanding calculation, unless their inclusion would be antidilutive.
	The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding for the three-month periods ended March 31, 2014 and 2013 (in thousands):
		Three Months Ended
		March 31,
		2014			2013
	Weighted-average shares outstanding-basic		57,847			57,523
	Common stock equivalents for stock options and restricted stock		439			178
	Weighted-average shares outstanding-diluted		58,286			57,701
Comprehensive Income, Policy [Policy Text Block]	'
	Accumulated Other Comprehensive Loss
	Our accumulated other comprehensive loss balances as of March 31, 2014 and December 31, 2013 consist of adjustments to our pension liability and income tax benefit as follows (in thousands):
		March 31,			December 31,
		2014			2013
	Accumulated balances of items included in accumulated other comprehensive loss:
	Increase in pension liability	$	(17,064	)	$	(17,064	)
	Income tax benefit		(6,655	)		(6,655	)
	Accumulated other comprehensive loss	$	(10,409	)	$	(10,409	)
	Our comprehensive income for the three-month periods ended March 31, 2014 and 2013 consisted entirely of net income. Therefore, a consolidated statement of comprehensive income is not presented for the three-month periods ended March 31, 2014 or 2013.
Property, Plant and Equipment, Policy [Policy Text Block]	'
	Property and Equipment
	Property and equipment are carried at cost. Depreciation is computed principally by the straight-line method. Maintenance, repairs and minor replacements are charged to operations as incurred; major replacements and betterments are capitalized. The cost of any assets sold or retired and the related accumulated depreciation are removed from the accounts at the time of disposition, and any resulting profit or loss is reflected in income or expense for the period. The following table lists components of property and equipment by major category (in thousands):
		March 31,			December 31,			Estimated
		2014			2013			Useful Lives
								(in years)
	Property and equipment:
	Land	$	25,271		$	25,656
	Buildings and improvements		58,056			59,021		7	to	40
	Equipment		321,195			323,603		3	to	20
			404,522			408,280
	Accumulated depreciation		(264,937	)		(264,659	)
	Total property and equipment, net	$	139,585		$	143,621
Receivables, Policy [Policy Text Block]	'
	Allowance for Doubtful Accounts
	Our allowance for doubtful accounts is equal to at least 85% of our receivable balances that are 120 days old or older. We may provide allowances for certain receivable balances that are less than 120 days old when warranted by specific facts and circumstances. We generally write-off accounts receivable balances when the customer files for bankruptcy or when all commonly used methods of collection have been exhausted.
New Accounting Pronouncements, Policy [Policy Text Block]	'
	Recent Accounting Pronouncements
	We have reviewed all recently issued accounting pronouncements. Of those pronouncements that have been issued but are not yet effective, we do not anticipate a material impact upon our financial statements upon our adoption of those pronouncements. None of the pronouncements that became effective and were adopted by us during the three months ended March 31, 2014 had a material effect upon our results of operations or financial position.

Note_1_Basis_of_Presentation_T

Note 1 - Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2014
Disclosure Text Block [Abstract]	'
Schedule of Variable Interest Entities [Table Text Block]	'
		March 31,			December 31,
		2014			2013
	Assets:
	Current assets:
	Cash	$	473		$	473
	Accounts receivable		470			524
	Current portion of program broadcast rights, net		27			42
	Prepaid and other current assets		23			7
	Total current assets		993			1,046
	Property and equipment, net		835			883
	Deferred loan costs, net		235			174
	Broadcast licenses		4,161			4,161
	Other intangible assets, net		517			575
	Total assets	$	6,741		$	6,839
	Liabilities:
	Current liabilities:
	Accounts payable	$	19		$	14
	Employee compensation and benefits		33			8
	Accrued interest		-			2
	Other accrued expenses		17			13
	Accrued expenses due to Gray		1,075			651
	Current portion of program broadcast obligations		26			45
	Current portion of long-term debt		200			200
	Total current liabilities		1,370			933
	Long-term debt, less current portion		2,750			2,800
	Other long-term liabilities		2,621			3,106
	Total liabilities	$	6,741		$	6,839
Schedule of Weighted Average Number of Shares [Table Text Block]	'
		Three Months Ended
		March 31,
		2014			2013
	Weighted-average shares outstanding-basic		57,847			57,523
	Common stock equivalents for stock options and restricted stock		439			178
	Weighted-average shares outstanding-diluted		58,286			57,701
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	'
		March 31,			December 31,
		2014			2013
	Accumulated balances of items included in accumulated other comprehensive loss:
	Increase in pension liability	$	(17,064	)	$	(17,064	)
	Income tax benefit		(6,655	)		(6,655	)
	Accumulated other comprehensive loss	$	(10,409	)	$	(10,409	)
Property, Plant and Equipment [Table Text Block]	'
		March 31,			December 31,			Estimated
		2014			2013			Useful Lives
								(in years)
	Property and equipment:
	Land	$	25,271		$	25,656
	Buildings and improvements		58,056			59,021		7	to	40
	Equipment		321,195			323,603		3	to	20
			404,522			408,280
	Accumulated depreciation		(264,937	)		(264,659	)
	Total property and equipment, net	$	139,585		$	143,621

Note_2_Longterm_Debt_Tables

Note 2 - Long-term Debt (Tables)	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Schedule of Long-term Debt Instruments [Table Text Block]	'
		March 31,			December 31,
		2014			2013
	Long-term debt including current portion:
	2012 Senior Credit Facility	$	159,000		$	159,000
	2020 Notes		675,000			675,000
	Excalibur Loan		2,950			3,000
	Other		3			48
	Total outstanding principal		836,953			837,048
	Plus unamortized premium on our 2020 Notes		5,610			5,826
	Less current portion		(203	)		(224	)
	Net carrying value	$	842,360		$	842,650
	Borrowing availability under the 2012 Senior Credit Facility	$	30,000		$	30,000

Note_4_Retirement_Plans_Tables

Note 4 - Retirement Plans (Tables)	3 Months Ended
	Mar. 31, 2014
Compensation and Retirement Disclosure [Abstract]	'
Schedule of Net Benefit Costs [Table Text Block]	'
		Three Months Ended March 31,
		2014			2013
	Service cost	$	1,345		$	1,325
	Interest cost		1,070			917
	Expected return on plan assets		(1,094	)		(830	)
	Loss amortization		252			742
	Net periodic benefit cost	$	1,573		$	2,154

Note_5_Stockbased_Compensation1

Note 5 - Stock-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	'
		Three Months Ended March 31,
		2014			2013
	Stock-based compensation expense, gross	$	2,071		$	136
	Income tax benefit at our statutory rate associated with stock-based compensation		(808	)		(53	)
	Stock-based compensation expense, net	$	1,263		$	83
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	'
		Three Months Ended
		31-Mar-14						31-Mar-13
		Number			Weighted-			Number			Weighted-
		of			Average			of			Average
		Shares			Grant Date			Shares			Grant Date
					Fair Value						Fair Value
					Per Share						Per Share
	Restricted stock - common:
	Outstanding - beginning of period		274,838		$	4.43			-		$	-
	Granted		312,961		$	11.78			382,062		$	4.43
	Vested		(202,743	)	$	6.93			-		$	-
	Outstanding - end of period		385,056		$	9.09			382,062		$	4.43
		Three Months Ended
		31-Mar-14						31-Mar-13
		Number			Weighted-			Number			Weighted-
		of			Average			of			Average
		Shares			Grant Date			Shares			Grant Date
					Fair Value						Fair Value
					Per Share						Per Share
	Restricted stock - Class A common:
	Outstanding - beginning of period		-		$	-			-		$	-
	Granted		236,294		$	9.8			-		$	-
	Vested		(31,821	)	$	9.75			-		$	-
	Outstanding - end of period		204,473		$	9.81			-		$	-
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	'
		Three Months Ended
		31-Mar-14						31-Mar-13
		Number of			Weighted-			Number of			Weighted-
		Shares			Average			Shares			Average
		Underlying			Exercise			Underlying			Exercise
		Options			Price			Options			Price
					Per Share						Per Share
	Stock options - common:
	Outstanding - beginning of period		274,746		$	1.99			1,316,068		$	5.98
	Options exercised		-		$	-			(15,000	)	$	3.11
	Options expired		-		$	-			(921,500	)	$	7.64
	Outstanding - end of period		274,746		$	1.99			379,568		$	2.06
	Exercisable at end of period		68,688		$	1.99			20,000		$	3.23

Note_8_Income_Taxes_Tables

Note 8 - Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	'
		Three Months Ended March 31,
		2014			2013
	Income tax expense	$	859		$	1,651
	Effective income tax rate		40.2	%		65.5	%

Note_1_Basis_of_Presentation_D

Note 1 - Basis of Presentation (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Note 1 - Basis of Presentation (Details) [Line Items]	'	'	'
Number of Reportable Segments	1	'	'
Property, Plant and Equipment, Depreciation Methods	'straight-line	'	'
Minimum Percentage of Receivable Balances for creating Allowance for Doubtful Accounts	85.00%	'	'
Period for Creating Allowance for Doubtful Accounts	'120	'	'
Excalibur [Member]	'	'	'
Note 1 - Basis of Presentation (Details) [Line Items]	'	'	'
Variable Interest Entity, Measure of Activity, Revenues	$400,000	$0	'
Liabilities of Business Transferred under Contractual Arrangement, Noncurrent	2,600,000	'	3,100,000
Due to Related Parties, Current	$1,100,000	'	$700,000

Note_1_Basis_of_Presentation_D1

Note 1 - Basis of Presentation (Details) - Carrying Amounts and Classification of Assets and Liabilities of VIE (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Assets:	'	'	'	'
Cash	$27,044	$13,478	$20,990	$11,067
Accounts receivable	69,429	70,047	'	'
Current portion of program broadcast rights, net	5,290	7,656	'	'
Prepaid and other current assets	11,268	5,293	'	'
Total current assets	147,144	130,587	'	'
Property and equipment, net	139,585	143,621	'	'
Deferred loan costs, net	16,706	17,293	'	'
Broadcast licenses	838,983	838,982	'	'
Liabilities:	'	'	'	'
Accounts payable	3,247	2,256	'	'
Employee compensation and benefits	11,745	16,759	'	'
Accrued interest	25,336	12,703	'	'
Current portion of program broadcast obligations	3,320	2,467	'	'
Current portion of long-term debt	203	224	'	'
Total current liabilities	70,397	63,085	'	'
Long-term debt, less current portion	842,360	842,650	'	'
Variable Interest Entity, Primary Beneficiary [Member]	'	'	'	'
Assets:	'	'	'	'
Cash	473	473	'	'
Accounts receivable	470	524	'	'
Current portion of program broadcast rights, net	27	42	'	'
Prepaid and other current assets	23	7	'	'
Total current assets	993	1,046	'	'
Property and equipment, net	835	883	'	'
Deferred loan costs, net	235	174	'	'
Broadcast licenses	4,161	4,161	'	'
Other intangible assets, net	517	575	'	'
Total assets	6,741	6,839	'	'
Liabilities:	'	'	'	'
Accounts payable	19	14	'	'
Employee compensation and benefits	33	8	'	'
Accrued interest	'	2	'	'
Other accrued expenses	17	13	'	'
Accrued expenses due to Gray	1,075	651	'	'
Current portion of program broadcast obligations	26	45	'	'
Current portion of long-term debt	200	200	'	'
Total current liabilities	1,370	933	'	'
Long-term debt, less current portion	2,750	2,800	'	'
Other long-term liabilities	2,621	3,106	'	'
Total liabilities	$6,741	$6,839	'	'

Note_1_Basis_of_Presentation_D2

Note 1 - Basis of Presentation (Details) - Reconciliation of Basic Weighted-average Shares Outstanding to Diluted Weighted-average Shares Outstanding	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Reconciliation of Basic Weighted-average Shares Outstanding to Diluted Weighted-average Shares Outstanding [Abstract]	'	'
Weighted-average shares outstanding-basic	57,847	57,523
Common stock equivalents for stock options and restricted stock	439	178
Weighted-average shares outstanding-diluted	58,286	57,701

Note_1_Basis_of_Presentation_D3

Note 1 - Basis of Presentation (Details) - Accumulated Other Comprehensive Loss (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Accumulated balances of items included in accumulated other comprehensive loss:	'	'
Increase in pension liability	($17,064)	($17,064)
Income tax benefit	-6,655	-6,655
Accumulated other comprehensive loss	($10,409)	($10,409)

Note_1_Basis_of_Presentation_D4

Note 1 - Basis of Presentation (Details) - Property and Equipment (USD $)

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

In Thousands, unless otherwise specified

Land [Member]

Land [Member]

Building and Building Improvements [Member]

Building and Building Improvements [Member]

Building and Building Improvements [Member]

Building and Building Improvements [Member]

Equipment [Member]

Equipment [Member]

Equipment [Member]

Equipment [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Property and equipment:

'

'

'

'

'

'

'

'

'

'

'

'

Property and Equipment

$404,522

$408,280

$25,271

$25,656

$58,056

$59,021

'

'

$321,195

$323,603

'

'

Estimated Useful Lives

'

'

'

'

'

'

'7 years

'40 years

'

'

'3 years

'20 years

Accumulated depreciation

-264,937

-264,659

'

'

'

'

'

'

'

'

'

'

Total property and equipment, net

$139,585

$143,621

'

'

'

'

'

'

'

'

'

'

Note_2_Longterm_Debt_Details

Note 2 - Long-term Debt (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Note 2 - Long-term Debt (Details) [Line Items]	'	'
Line of Credit Facility, Remaining Borrowing Capacity	$30,000,000	$30,000,000
2012 Senior Credit Facility [Member]	'	'
Note 2 - Long-term Debt (Details) [Line Items]	'	'
Line of Credit Facility, Amount Outstanding	159,000,000	159,000,000
Line of Credit Facility, Interest Rate at Period End	4.50%	4.80%
Deferred Finance Costs, Net	3,700,000	3,900,000
Revolving Loan [Member]	'	'
Note 2 - Long-term Debt (Details) [Line Items]	'	'
Letters of Credit Outstanding, Amount	10,000,000	10,000,000
Line of Credit Facility, Remaining Borrowing Capacity	30,000,000	30,000,000
2020 Notes [Member]	'	'
Note 2 - Long-term Debt (Details) [Line Items]	'	'
Unsecured Debt	675,000,000	675,000,000
Debt Instrument, Interest Rate, Effective Percentage	7.50%	7.60%
Deferred Finance Costs, Net	12,800,000	13,200,000
Excalibur Loan [Member]	'	'
Note 2 - Long-term Debt (Details) [Line Items]	'	'
Long-term Debt, Gross	2,950,000	3,000,000
Debt Instrument, Interest Rate, Effective Percentage	4.75%	4.75%
Deferred Finance Costs, Net	$200,000	$200,000

Note_2_Longterm_Debt_Details_L

Note 2 - Long-term Debt (Details) - Long-term Debt Summary (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Long-term debt including current portion:	'	'
Total outstanding principal	$836,953	$837,048
Less current portion	-203	-224
Net carrying value	842,360	842,650
Borrowing availability under the 2012 Senior Credit Facility	30,000	30,000
2012 Senior Credit Facility [Member]	'	'
Long-term debt including current portion:	'	'
2012 Senior Credit Facility	159,000	159,000
2020 Notes [Member]	'	'
Long-term debt including current portion:	'	'
2020 Notes	675,000	675,000
Plus unamortized premium on our 2020 Notes	5,610	5,826
Excalibur Loan [Member]	'	'
Long-term debt including current portion:	'	'
Outstanding principal	2,950	3,000
Other Long-term Debt [Member]	'	'
Long-term debt including current portion:	'	'
Outstanding principal	$3	$48

Note_3_Fair_Value_Measurement_

Note 3 - Fair Value Measurement (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Fair Value Disclosures [Abstract]	'	'
Long-term Debt	$842.60	$842.90
Long-term Debt, Fair Value	$895.10	$877.50

Note_4_Retirement_Plans_Detail

Note 4 - Retirement Plans (Details) (USD $)	3 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2014
		Minimum [Member]
Note 4 - Retirement Plans (Details) [Line Items]	'	'
Defined Benefit Plan, Contributions by Employer	$1	'
Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year	'	$5.10

Note_4_Retirement_Plans_Detail1

Note 4 - Retirement Plans (Details) - Components of Net Periodic Benefit Cost for Pension Plans (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Components of Net Periodic Benefit Cost for Pension Plans [Abstract]	'	'
Service cost	$1,345	$1,325
Interest cost	1,070	917
Expected return on plan assets	-1,094	-830
Loss amortization	252	742
Net periodic benefit cost	$1,573	$2,154

Note_5_Stockbased_Compensation2

Note 5 - Stock-based Compensation (Details) (USD $)

Mar. 31, 2014

Mar. 19, 2016

Mar. 19, 2015

Mar. 31, 2014

Jan. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 19, 2014

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

In Millions, except Share data, unless otherwise specified

Scenario, Forecast [Member]

Scenario, Forecast [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Director [Member]

Director [Member]

Director [Member]

Common Class A [Member]

Common Class A [Member]

Common Class A [Member]

Common Class A [Member]

Common Class A [Member]

Common Class A [Member]

Common Class A [Member]

January 17, 2015 [Member]

January 17, 2016 [Member]

January 17, 2017 [Member]

Common Class A [Member]

Employee [Member]

Employee [Member]

Employee [Member]

Employee [Member]

Director [Member]

January 17, 2015 [Member]

January 17, 2016 [Member]

January 17, 2017 [Member]

Note 5 - Stock-based Compensation (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

'

'

'

'

'

63,210

'

'

'

194,413

41,881

236,294

0

'

'

'

'

312,961

318,852

'

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period

'

70,542

70,542

'

63,210

'

'

'

'

31,821

'

31,821

0

'

'

'

70,542

68,991

'

107,224

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number

'

'

'

41,881

'

'

75,412

43,590

43,590

'

'

'

'

127,316

58,327

58,327

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value (in Dollars)

$2.30

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Note_5_Stockbased_Compensation3

Note 5 - Stock-based Compensation (Details) - Stock-based Compensation Expense and Related Income Tax Benefit (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Stock-based Compensation Expense and Related Income Tax Benefit [Abstract]	'	'
Stock-based compensation expense, gross	$2,071	$136
Income tax benefit at our statutory rate associated with stock-based compensation	-808	-53
Stock-based compensation expense, net	$1,263	$83

Note_5_Stockbased_Compensation4

Note 5 - Stock-based Compensation (Details) - Summary of Restricted Shares (Restricted Stock [Member], USD $)	1 Months Ended	3 Months Ended		12 Months Ended
	Mar. 19, 2014	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Note 5 - Stock-based Compensation (Details) - Summary of Restricted Shares [Line Items]	'	'	'	'
Number of Shares, Granted	'	312,961	318,852	'
Number of Shares, Vested	-70,542	-68,991	'	-107,224
Common Class B [Member]	'	'	'	'
Note 5 - Stock-based Compensation (Details) - Summary of Restricted Shares [Line Items]	'	'	'	'
Number of Shares, Beginning of Period	'	274,838	0	0
Weighted- Average Grant Date Fair Value Per Share, Beginning of Period	'	4.43	0	0
Number of Shares, Granted	'	312,961	382,062	'
Weighted- Average Grant Date Fair Value Per Share, Granted	'	11.78	4.43	'
Number of Shares, Vested	'	-202,743	0	'
Weighted- Average Grant Date Fair Value Per Share, Vested	'	6.93	0	'
Number of Shares, End of Period	'	385,056	382,062	'
Weighted- Average Grant Date Fair Value Per Share, End of Period	'	9.09	4.43	'
Common Class A [Member]	'	'	'	'
Note 5 - Stock-based Compensation (Details) - Summary of Restricted Shares [Line Items]	'	'	'	'
Number of Shares, Beginning of Period	'	0	0	0
Weighted- Average Grant Date Fair Value Per Share, Beginning of Period	'	0	0	0
Number of Shares, Granted	'	236,294	0	'
Weighted- Average Grant Date Fair Value Per Share, Granted	'	9.8	0	'
Number of Shares, Vested	'	-31,821	0	'
Weighted- Average Grant Date Fair Value Per Share, Vested	'	9.75	0	'
Number of Shares, End of Period	'	204,473	0	'
Weighted- Average Grant Date Fair Value Per Share, End of Period	'	9.81	0	'

Note_5_Stockbased_Compensation5

Note 5 - Stock-based Compensation (Details) - Summary of Award Activity Related to Our Common Stock (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2014	Dec. 31, 2013
Stock options - common:	'	'	'
Outstanding - beginning of period	1,316,068	274,746	274,746
Outstanding - beginning of period	$5.98	$1.99	$1.99
Options exercised	-15,000	'	'
Options exercised	$3.11	'	'
Options expired	-921,500	'	'
Options expired	$7.64	'	'
Outstanding - end of period	379,568	274,746	274,746
Outstanding - end of period	$2.06	$1.99	$1.99
Exercisable at end of period	20,000	68,688	'
Exercisable at end of period	$3.23	$1.99	'

Note_6_Commitments_and_Conting1

Note 6 - Commitments and Contingencies (Details) (USD $)	Mar. 31, 2014
Note 6 - Commitments and Contingencies (Details) [Line Items]	'
Business Combination, Contingent Consideration, Liability	$312,500,000
University of Kentucky [Member]	'
Note 6 - Commitments and Contingencies (Details) [Line Items]	'
Contractual Obligation	13,300,000
Advances to Affiliate	$0

Note_8_Income_Taxes_Details

Note 8 - Income Taxes (Details)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Income Tax Disclosure [Abstract]	'	'
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%	35.00%
Effective Income Tax Rate Reconciliation, Percent	40.20%	65.50%
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent	4.40%	4.70%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Percent	1.00%	1.60%
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent	0.20%	0.40%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Compensation Cost, Percent	'	24.60%

Note_8_Income_Taxes_Details_Re

Note 8 - Income Taxes (Details) - Reconciliation of Income Tax Expense (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Reconciliation of Income Tax Expense [Abstract]	'	'
Income tax expense	$859	$1,651
Effective income tax rate	40.20%	65.50%

Note_9_Subsequent_Events_Detai

Note 9 - Subsequent Events (Details) (USD $)	Mar. 31, 2014	Apr. 30, 2014	31-May-14	31-May-14	31-May-14	31-May-14
In Millions, unless otherwise specified		Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]
		WQCW-TV, Portsmouth, OH and Charleston, WV [Member]	KEVN-TV and KIVV-TV [Member]	KNDX-TV [Member]	KNDX-LP and KXND-LP [Member]	KTVH-TV and KBGF-TV [Member]
Note 9 - Subsequent Events (Details) [Line Items]	'	'	'	'	'	'
Payments to Acquire Businesses, Gross	'	$0.90	$7.75	$7	'	'
Business Combination, Contingent Consideration, Liability	$312.50	'	'	'	$0.50	$2