Gray Television (GTN) 10-Q 6 Nov 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 31, 2017
Document Information [Line Items]
Entity Registrant Name	GRAY TELEVISION INC
Entity Central Index Key	43,196
Trading Symbol	gtn
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Amendment Flag	false
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		6,598,377
Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		66,003,588

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Assets:
Cash	$ 172,854	$ 325,189
Accounts receivable, less allowance for doubtful accounts of $4,040 and $3,163, respectively	166,073	146,811
Prepaid taxes	15,953	14,641
Prepaid and other current assets	5,116	5,109
Total current assets	379,601	505,485
Property and equipment, net	351,961	326,093
Broadcast licenses	1,530,123	1,340,305
Goodwill	611,100	485,318
Other intangible assets, net	80,172	56,250
Deferred tax asset	31,963	30,826
Investments in broadcasting and technology companies	16,599	16,599
Other	12,091	22,455
Total assets	3,013,610	2,783,331
Liabilities and stockholders’ equity:
Accounts payable	3,950	5,257
Employee compensation and benefits	25,532	31,367
Accrued interest	23,076	32,453
Other accrued expenses	9,285	13,802
Federal and state income taxes	4,680	2,916
Deferred revenue	3,530	4,706
Current portion of long-term debt	6,417
Total current liabilities	115,863	119,407
Long-term debt	1,831,610	1,756,747
Program broadcast obligations, less current portion	4,771	4,995
Deferred income taxes	437,989	373,837
Accrued pension costs	33,052	34,047
Other	1,422	1,437
Total liabilities	2,424,707	2,290,470
Commitments and contingencies (Note 8)
Stockholders’ equity:
Common stock	660,377	658,135
Accumulated deficit	(3,876)	(101,365)
Accumulated other comprehensive loss, net of income tax benefit	(17,645)	(17,645)
Stockholders' equity before treasury stock	662,697	560,889
Treasury stock at cost	(49,562)	(44,688)
Total stockholders’ equity	588,903	492,861
Total liabilities and stockholders’ equity	3,013,610	2,783,331
Common Class A [Member]
Stockholders’ equity:
Common stock	23,841	21,764
Treasury stock at cost	(24,232)	(23,340)
Syndicated Program Film Rights, Current [Member]
Assets:
Current portion of program broadcast rights, net	19,605	13,735
Network Programming Obligations, Current [Member]
Liabilities and stockholders’ equity:
Accrued network programming fees	19,157	14,982
Syndicated Program Film Obliagtions, Current [Member]
Liabilities and stockholders’ equity:
Accrued network programming fees	$ 20,236	$ 13,924

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Accounts receivable, allowance for doubtful accounts	$ 4,040	$ 3,163
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	71,538,664	71,229,497
Treasury stock (in shares)	5,535,076	5,135,406
Common Class A [Member]
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	15,000,000	15,000,000
Common stock, shares issued (in shares)	8,349,069	8,073,993
Treasury stock (in shares)	1,750,692	1,669,131

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenue (less agency commissions)	$ 218,977	$ 204,490	$ 649,119	$ 574,846
Operating expenses before depreciation, amortization and loss (gain) on disposal of assets, net:
Broadcast	139,430	120,717	406,446	346,620
Corporate and administrative	8,318	7,223	24,436	31,425
Depreciation	13,085	11,494	38,555	34,237
Amortization of intangible assets	6,460	4,235	18,684	12,365
Loss (gain) on disposal of assets, net	1,660	354	(75,139)	(66)
Operating expenses	168,953	144,023	412,982	424,581
Operating income	50,024	60,467	236,137	150,265
Other income (expense):
Miscellaneous income, net	28	30	36	740
Interest expense	(24,207)	(27,926)	(71,189)	(73,470)
Loss from early extinguishment of debt		(31,987)	(2,851)	(31,987)
Income before income taxes	25,845	584	162,133	45,548
Income tax expense	10,529	797	65,751	19,109
Net income (loss)	$ 15,316	$ (213)	$ 96,382	$ 26,439
Basic per share information:
Net income (loss) (in dollars per share)	$ 0.21		$ 1.34	$ 0.37
Weighted-average shares outstanding (in shares)	71,636	71,879	71,777	71,850
Diluted per share information:
Net income (loss) (in dollars per share)	$ 0.21		$ 1.33	$ 0.36
Weighted-average shares outstanding (in shares)	72,454	71,879	72,491	72,723
Dividends declared per common share (in dollars per share)

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - 9 months ended Sep. 30, 2017 - USD ($) $ in Thousands	2007 Incentive Plan [Member]Common Stock [Member]Common Class A [Member]	2007 Incentive Plan [Member]Common Stock [Member]	2007 Incentive Plan [Member]Treasury Stock [Member]Common Class A [Member]	2007 Incentive Plan [Member]Treasury Stock [Member]	2007 Incentive Plan [Member]	2017 Equity and Incentive Compensation Plan [Member]Common Stock [Member]Common Class A [Member]	2017 Equity and Incentive Compensation Plan [Member]	Common Stock [Member]Common Class A [Member]	Common Stock [Member]	Retained Earnings [Member]	Treasury Stock [Member]Common Class A [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Dec. 31, 2016								8,073,993	71,229,497		(1,669,131)	(5,135,406)
Balance at Dec. 31, 2016								$ 21,764	$ 658,135	$ (101,365)	$ (23,340)	$ (44,688)	$ (17,645)	$ 492,861
Net income										96,382				96,382
401(k) plan (in shares)									1,224
401(k) plan									$ 16					16
Issuance of restricted stock (in shares)	198,220	307,943	(81,561)	(77,632)		76,856
Issuance of restricted stock			$ (892)	$ (874)	$ (1,766)
Repurchase of common stock (in shares)												(322,038)
Repurchase of common stock												$ (4,000)		(4,000)
Share-based compensation								$ 2,077	$ 2,226					4,303
Balance (in shares) at Sep. 30, 2017								8,349,069	71,538,664		(1,750,692)	(5,535,076)
Balance at Sep. 30, 2017								$ 23,841	$ 660,377	(3,876)	$ (24,232)	$ (49,562)	$ (17,645)	588,903
Adoption of ASU 2016-09 excess tax benefit for stock-based compensation										$ 1,107				$ 1,107

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Operating activities
Net income	$ 96,382	$ 26,439
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	38,555	34,237
Amortization of Intangible Assets	18,684	12,365
Amortization of deferred loan costs	3,466	3,664
Net amortization of original issue discount and premium related to long-term debt	(458)	(626)
Amortization of restricted stock and stock option awards	4,303	3,827
Amortization of program broadcast rights	15,444	14,026
Payments on program broadcast obligations	(15,569)	(13,859)
Common stock contributed to 401(k) plan	16	21
Deferred income taxes	64,121	18,335
Gain on disposals of assets, net	(75,139)	(66)
Loss from early extinguishment of debt	2,851	31,987
Other	(1,188)	659
Changes in operating assets and liabilities:
Accounts receivable trade	(18,587)	(8,677)
Prepaid taxes	(1,311)
Prepaid and other current assets	371	(12,234)
Accounts payable	(1,774)	728
Employee compensation, benefits and pension cost	(6,512)	(5,275)
Other current liabilities	(1,696)	(3,692)
Income taxes payable	1,763	719
Accrued interest	(9,376)	841
Net cash provided by operating activities	114,346	103,419
Investing activities
Acquisitions of television businesses and licenses	(415,438)	(432,220)
Proceeds from sale of television station		11,200
Proceeds from FCC spectrum auction	90,824
Purchases of property and equipment	(21,426)	(33,238)
Proceeds from asset sales	148	1,925
Net decrease (increase) in acquisition prepayments and other	9,558	(17,171)
Net cash used in investing activities	(336,334)	(469,504)
Financing activities
Proceeds from borrowings on long-term debt	641,438	1,656,000
Repayments of borrowings on long-term debt	(561,037)	(1,100,000)
Payments for the repurchase of common stock	(4,000)
Tender and redemption premiums for 2020 Notes		(27,502)
Deferred and other loan costs	(4,981)	(27,881)
Payments for taxes related to net share settlement of equity awards	(1,767)	(1,452)
Net cash provided by financing activities	69,653	499,165
Net (decrease) increase in cash	(152,335)	133,080
Cash at beginning of period	325,189	97,318
Cash at end of period	$ 172,854	$ 230,398

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [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, 2016, December 31, 2016, September 30, 2017 September 30, 2017 2016 10 10 X. not one 10 December 31, 2016 ( 2016 Form 10 nine September 30, 2017 not may December 31, 2017. Overview We are a television broadcast company headquartered in Atlanta, Georgia, that owns and/or operates over 100 September 30, 2017, 57 200 100 September 30, 2017, 10.4% Cyclicality and Seasonality Broadcast advertising revenues are generally highest in the second fourth 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 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 righ ts and intangible assets, pension costs, income taxes, employee medical insurance claims, useful lives of property and equipment and contingencies. Variable Interest Entit y (“VIE”) 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. On January 17, 2017, two (DMA 69 102 $269.9 May 30, 2017, During the period that GME held those broadcast licenses we believe we were the primary beneficiary of GME, because, subject to the ultimate control of the licensees, we had the power to direct the activities that significantly impact the economic performance of GME through the services we provided, and our obligation to absorb losses and right to earn returns that would be considered significant to GME. As a result, we included the assets, liabilities and results of operations of GME in our consolidated financial statements beginning January 17, 2017 August 7, 2017, no 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 not clusion would be anti-dilutive. In the three September 30, 2016, The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding for the three nine September 30, 2017 2016 Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Weighted-average shares outstanding-basic 71,636 71,879 71,777 71,850 Common stock equivalents for stock options and restricted stock 818 - 714 873 Weighted-average shares outstanding-diluted 72,454 71,879 72,491 72,723 Accumulated Other Comprehensive Loss Our accumulated other comprehensive loss balances as of September 30, 2017 December 31, 2016 three nine September 30, 2017 2016 not three nine September 30, 2017 2016. Property and Equipment Property and equipment are carried at cost. Depreciation is computed principall y 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. In the nine September 30, 2017, nine September 30, 2017 2016 Estimated September 30, December 31, Useful Lives 2017 2016 (in years) Property and equipment: Land $ 49,651 $ 44,611 Buildings and improvements 154,391 139,078 7 to 40 Equipment 507,456 471,798 3 to 20 711,498 655,487 Accumulated depreciation (359,537 ) (329,394 ) Total property and equipment, net $ 351,961 $ 326,093 Allowance for Doubtful Accounts Our allowance for doubtful accounts is equal to a portion of our receivable balances that are 120 may 120 Recent Accounting Pronouncements In May 2014, No. 2014 09 – Revenue from Contracts with Customers 606 2014 09 August 2015, 2015 14, Revenue from Contracts with Customers 606 Deferral of the Effective Date 2015 14 2014 09 one December 15, 2017, not December 15, 2016. April 2016, 2016 10, Revenue from Contracts with Customers 606 Identifying Performance Obligations and Licensing 2014 09 May 2016, 2016 12, Revenue from Contracts with Customers 606 Narrow Scope Improvements and Practical Expedients December 2016, 2016 20, Revenue from Contracts with Customers 606 Technical Corrections and Improvements not In January 2016, No. 2016 01 – Financial Instrumen ts - Overall 825 10 Recognition and Measurement of Financial Assets and Financial Liabilities 2016 01 December 15, 2017, not In February 20 16, 2016 02 Leases 842 2016 02 840, Leases December 15, 2018. not December 31, 2016, $13.2 In August 2016, 2016 15, Statement of Cash Flows 230 – Classification of Certain Cash Receipts and Cash Payments 2016 15 eight eight December 15, 2017, not In January 2017, 2017 01, Business Combinations 805 Clarifying the Definition of a Business 2017 01 December 15, 2017, not In January 2017, 2017 04, Intangibles – Goodwill and Other 350 Simplifying the Test for Goodwill Impairment 2017 04 2 2 December 15, 2019, not not In March 2017, d ASU 2017 07, Compensation – Retirement Benefits 715 Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost 2017 07 December 15, 2017, not Adoption of Accounting Standards and Reclassifications In November 2015, No. 2015 17, Income Taxes 740 Balance Sheet Classification of Deferred Taxes 2015 17 In March 2016, 2016 09, Compensation – Stock Compensation 718 Improvements to Employee Share-Based Payment Accounting. 2016 09 January 1, 2017, $1.1 2017, Certain amounts in the condensed consolidated statement of cash flows have been reclassified to conform to the current presentation .

Note 2 - Acquisitions

Note 2 - Acquisitions	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	2. Acquisitions On January 13, 2017, (DMA 202 $8.0 As described in Note 1. January 17, 2017, $269.9 On May 1, 2017 , we acquired WDTV-TV (CBS) and WVFX-TV (FOX/CW) in the Clarksburg-Weston, West Virginia television market (DMA 169 $26.5 June 1, 2016, On May 1, 2017 , we acquired WABI-TV (CBS/CW) in the Bangor, Maine television market (DMA 156 159 $85.0 April 1, 2017, On August 1, 2017, – Plattsburgh, New York television markets (DMA 97 $29.0 June 1, 2017, $23.2 $5.8 We refer to the eight first nine 2017 “2017 We refer to the 13 2016, June 1, 2016) “2016 The following table summarizes preliminary fair value estimates of the assets acquired, liabilities assumed and resulting goodwill of the 2017 Acquisition Fairbanks Media General Clarksburg Diversified Vermont Total Current assets $ 122 $ 666 $ 462 $ 361 $ 312 $ 1,923 Property and equipment 2,650 20,181 4,133 12,329 9,513 48,806 Goodwill 471 86,287 3,222 35,486 316 125,782 Broadcast licenses 2,228 149,846 17,003 26,219 7,592 202,888 Other intangible assets 2,702 13,398 2,234 11,051 8,268 37,653 Other non-current assets 71 282 51 27 3,310 3,741 Current liabilities (140 ) (695 ) (554 ) (423 ) (311 ) (2,123 ) Other long-term liabilities (84 ) - (51 ) (50 ) - (185 ) Total $ 8,020 $ 269,965 $ 26,500 $ 85,000 $ 29,000 $ 418,485 Amounts in the table above are based upon management ’s preliminary estimates of the fair values using valuation techniques including income, cost and market approaches. The fair value estimates are based on, but not Property and equipment are being depreciated over their estimated useful lives ranging from three 40 O ther intangible assets represent primarily the estimated fair values of retransmission agreements of $29.1 $5.3 $3.0 4.9 10.7 11.9 Goodwill is calculated as the excess of the consideration transferred over the fair value of the identifiable net assets acquired and liabilities assumed, and represents the future economic benefits expected to arise from other intangible assets acquired that do not we expect to generate from each acquisition. We have preliminarily recorded $125.8 million of goodwill related to 2017 Our consolidated results of operations for the three nine September 30, 2017 2017 2017 nine September 30, 2017 $54.2 $25.2 2017 $1.0 nine September 30, 2017, 2016 nine September 30, 2016 $87.9 $35.3

Note 3 - Long-term Debt

Note 3 - Long-term Debt	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	3 . Long-term Debt As of September 30, 2017 December 31, 2016, 2017 2014 5.125% 2024 “2024 5.875% 2026 “2026 September 30, December 31, 2017 2016 Long-term debt including current portion: 2014 Senior Credit Facility $ - $ 556,438 2017 Senior Credit Facility 636,838 - 2024 Notes 525,000 525,000 2026 Notes 700,000 700,000 Total outstanding principal 1,861,838 1,781,438 Unamortized deferred loan costs - 2014 Senior Credit Facility - (12,158 ) Unamortized deferred loan costs - 2017 Senior Credit Facility (12,406 ) - Unamortized deferred loan costs - 2024 Notes (6,993 ) (7,742 ) Unamortized deferred loan costs - 2026 Notes (9,751 ) (10,588 ) Unamortized premium - 2026 Notes 5,339 5,797 Less current portion (6,417 ) - Net carrying value $ 1,831,610 $ 1,756,747 Borrowing availability under the Revolving Credit Facility $ 100,000 $ 60,000 On February 7, 2017, “2017 , consisting of a $556.4 “2017 $100.0 “2017 2017 “2014 On April 3, 2017, $85.0 “2017 2017 “2017 2017 September 30, 2017, 2017 commitments of $736.8 $636.8 2017 $100.0 2017 Our quarterly principal payments under the 2017 $1.6 Prior to the entry into the 2017 2014 Excluding accrued interest, the amount outstanding under our 2014 December 31, 2016 $556.4 million. As of December 31, 2016, 2014 3.9%. Borrowings under the 2017 currently bear interest, at our option, at either the London Interbank Offered Rate (“LIBOR”) or the Base Rate (as defined below), in each case, plus an applicable margin. Currently, the applicable margin is 2.25% 1.25% 2017 5.25 1.00, 2.25% 1.25% 5.25 1.00, 2.5% September 30, 2017, 2017 was 3.7%. Borrowings under the 2017 currently bear interest, at our option, at either LIBOR plus 1.50% 0.50%, first 2017 0.50% 1.00%. 2017 may 0.375% 0.50% 2017 February 7, 2022, 2017 February 7, 2024. As a result of entering into the 2017 approximately $2.9 nine September 30, 2017, $5.0 2017 As of September 30, 2017 December 31, 2016, $525.0 2024 The interest rate and yield on the 2024 5.125% 2024 October 15, 2024. April 15 October 15 On June 14, 2016, $500.0 2026 No tes (the “Original 2026 September 14, 2016, $200.0 2026 2026 2026 103.0%, $206.0 June 14, 2016. September 30, 2017 December 31, 2016, $700.0 2026 2026 5.875%. 2026 5.875% 5.398% 2026 2026 2026 July 15, 2026. January 15 July 15 Collateral, Covenants and Restrictions Our obligations under the 2017 our consolidated assets, excluding 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 2017 no 2024 2026 not 2024 2026 September 30, 2017, no The 2017 ions 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 the First Lien Leverage Ratio while any amount is outstanding under the revolving credit facility, as well as other customary covenants for credit facilities of this type. The 2026 2024 September 30, 2017 December 31, 2016, Maturities Aggregate minimum principal maturities on long-term debt as of September 30, 2017 Minimum Principal Maturities Year 2017 Senior Credit Facility 2024 Notes 2026 Notes Total 2017 $ 1,604 $ - $ - $ 1,604 2018 6,417 - - 6,417 2019 6,417 - - 6,417 2020 6,417 - - 6,417 2021 6,417 - - 6,417 Thereafter 609,566 525,000 700,000 1,834,566 Total $ 636,838 $ 525,000 $ 700,000 $ 1,861,838

Note 4 - Fair Value Measurement

Note 4 - Fair Value Measurement	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Fair Value Disclosures [Text Block]	4. Fair Value Measurement For purposes of determining a fair value measurement, 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” 3” 2 1 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 or methodologies could have a material effect on the estimated fair value amounts. Accordingly, the estimates presented are not The carrying amounts of the following instruments approximate fair value due to their short term to ma turity: (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 $1.9 billion and $1.8 billion, respectively, and the fair value was $1.9 billion and $1.8 billion, respectively, as of September 30, 2017 December 31, 2016. third September 30, 2017 December 31, 2016 2

Note 5 - Stockholders' Equity

Note 5 - Stockholders' Equity	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	5. Stockholders’ Equity We are authorized to issue 135 15 100 20 10 one three nine September 30, 2017 2016, not In each of March November 2004, 2.0 March 2006, s authorization was increased to an aggregate of 5.0 “2004 2006 December 31, 2016, 279,200 no November 6, 2016, $75.0 December 31, 2019 ( “2016 The 2016 the Company from purchasing shares directly from the Company’s officers, directors, or the Gray Television, Inc. Capital Accumulation Plan (the “401k nine September 30, 2017, 322,038 $12.39 2016 $4.0 September 30, 2017, $69.0 2016 The extent to which the Company repurchases any of its shares, the number of shares and the timing of any repurchases will depend on general market conditions, regulatory requirements, alternative investment opportunities and other considerations. Th e Company is not may Under our various employee benefit plans , including our 401k may, September 30, 2017, 1,923,144 7,632,465

Note 6 - Retirement Plans

Note 6 - Retirement Plans	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	6 . Retirement Plans The following table provides the components of net periodic benefit cost for our defined benefit pension plans for the three nine September 30, 2017 2016 Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Service cost $ - $ - $ - $ - Interest cost 1,167 1,185 3,502 3,554 Expected return on plan assets (1,412 ) (1,298 ) (4,236 ) (3,892 ) Loss amortization 121 153 363 458 Net periodic (benefit) cost $ (124 ) $ 40 $ (371 ) $ 120 During the nine September 30, 2017, $0.6 2017, $1.7 $2.4 During the three nine September 30, 2017, $1.4 $5.0 401k 2017, $1.5

Note 7 - Share-based Compensati

Note 7 - Share-based Compensation	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	7 . Share-based Compensation We recognize compensation expense for share-based payment awards made to our employees, consultants and directors, including stock options and restricted shares awarded under our 2017 “2017 2007 “2007 ; and our Directors’ Restricted Stock Plan. Currently, there are no The following table provides information on our share-based compensation expense and related income tax benefit for the three nine September 30, 2017 2016, Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Stock-based compensation expense, gross $ 1,532 $ 1,271 $ 4,305 $ 3,827 Income tax benefit at our statutory rate associated with share-based compensation (597 ) (496 ) (1,679 ) (1,493 ) Stock-based compensation expense, net $ 935 $ 775 $ 2,626 $ 2,334 The 2017 provides for, and, while awards were available for grant thereunder the 2007 During the nine September 30, 2017, ● 307,943 102,648 January 31, 2018 2019; 102,647 January 31, 2020; ● 198,220 66,073 January 31, 2018 2019, 66,074 January 31, 2020; ● 76,856 January 31, 2018. During the nine September 30, 2016, ● 218,452 72,816 January 31, 2017; 72,816 January 31, 2018; 72,820 January 31, 2019; ● 166,677 55,559 January 31, 2017 55,559 January 31, 2018 2019; ● 19,048 51,935 January 31, 2017. A summary of restricted common stock and Class A common stock activity for the nine September 30, 2017 2016 Nine Months Ended September 30, 2017 September 30, 2016 Weighted- Weighted- average average Grant Date Grant Date Number of Fair Value Number of Fair Value Shares Per Share Shares Per Share Restricted stock - common: Outstanding - beginning of period 396,033 $12.06 337,506 $9.57 Granted 307,943 $10.40 237,500 $12.88 Vested (200,291 ) $11.82 (178,973 ) $8.46 Outstanding - end of period 503,685 $11.14 396,033 $12.06 Restricted stock - class A common: Outstanding - beginning of period 415,082 $10.15 374,693 $9.46 Granted 275,076 $10.84 218,612 $11.25 Vested (227,526 ) $10.00 (178,223 ) $10.04 Outstanding - end of period 462,632 $10.63 415,082 $10.15 At September 30, 2017 December 31, 2016, 274,746 $1.99 September 30, 2017 December 31, 2016, not intrinsic value of our outstanding stock options was $3.8 million based on the closing market price of our common stock on September 30, 2017. In October 2017, 215,500 under the provisions of our 2017 January 31, 2018 may $3.4 four

Note 8 - Commitments and Contin

Note 8 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	8 . Commitments and Contingencies From time to time, we are or may normal course of our business. In our opinion, the amount of ultimate liability, if any, with respect to known actions, will not one

Note 9 - Goodwill and Intangibl

Note 9 - Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	9 . Goodwill and Intangible Assets During the nine September 30, 2017, 2 nine September 30, 2017 Net Balance at Acquisitions Net Balance at December 31, And September 30, 2016 Adjustments Dispositions Impairments Amortization 2017 Goodwill $ 485,318 $ 125,782 $ - $ - $ - $ 611,100 Broadcast licenses 1,340,305 202,923 (13,105 ) - - 1,530,123 Definite lived intangible assets 56,250 42,606 - - (18,684 ) 80,172 Total intangible assets net of accumulated amortization $ 1,881,873 $ 371,311 $ (13,105 ) $ - $ (18,684 ) $ 2,221,395 As of September 30, 2017 December 31, 2016, As of September 30, 2017 As of December 31, 2016 Accumulated Accumulated Gross Amortization Net Gross Amortization Net Intangible assets not currently subject to amortization: Broadcast licenses $ 1,583,822 $ (53,699 ) $ 1,530,123 $ 1,394,004 $ (53,699 ) $ 1,340,305 Goodwill 611,100 - 611,100 485,318 - 485,318 $ 2,194,922 $ (53,699 ) $ 2,141,223 $ 1,879,322 $ (53,699 ) $ 1,825,623 Intangible assets subject to amortization: Network affiliation agreements $ 6,134 $ (2,905 ) $ 3,229 $ 1,264 $ (1,264 ) $ - Other definite lived intangible assets 143,446 (66,503 ) 76,943 105,792 (49,542 ) 56,250 $ 149,580 $ (69,408 ) $ 80,172 $ 107,056 $ (50,806 ) $ 56,250 Total intangibles $ 2,344,502 $ (123,107 ) $ 2,221,395 $ 1,986,378 $ (104,505 ) $ 1,881,873 Amortization expense for the nine September 30, 2017 2016 $18.7 million and $12.4 million, respectively. Based on the current amount of intangible assets subject to amortization, we expect that amortization expense for the succeeding five 2018, $20.4 2019, $15.2 2020, $12.2 2021, $8.1 2022, $4.8 may Impairment of goodwill and broadcast licenses Our intangible assets are primarily comprised of broadcast li censes. There were no nine September 30, 2017 2016.

Note 10 - Income Taxes

Note 10 - Income Taxes	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	10 . Income Taxes For the three nine September 30, 2017 2016, as follows (dollars in thousands) : Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Income tax expense $ 10,529 $ 797 $ 65,751 $ 19,109 Effective income tax rate 40.7 % 136.5 % 40.6 % 42.0 % 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% nine September 30, 2017, increased our statutory Federal income tax rate of 35.0% 40.6% 4.3% 1.3%. nine September 30, 2016, 35.0% 42.0% 4.6%, 2.1%, 1.0%, 0.7%.

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Revenue Recognition, Policy [Policy Text Block]	Cyclicality and Seasonality Broadcast advertising revenues are generally highest in the second fourth 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
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 righ ts and intangible assets, 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 Entit y (“VIE”) 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. On January 17, 2017, two (DMA 69 102 $269.9 May 30, 2017, During the period that GME held those broadcast licenses we believe we were the primary beneficiary of GME, because, subject to the ultimate control of the licensees, we had the power to direct the activities that significantly impact the economic performance of GME through the services we provided, and our obligation to absorb losses and right to earn returns that would be considered significant to GME. As a result, we included the assets, liabilities and results of operations of GME in our consolidated financial statements beginning January 17, 2017 August 7, 2017, no
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 not clusion would be anti-dilutive. In the three September 30, 2016, The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding for the three nine September 30, 2017 2016 Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Weighted-average shares outstanding-basic 71,636 71,879 71,777 71,850 Common stock equivalents for stock options and restricted stock 818 - 714 873 Weighted-average shares outstanding-diluted 72,454 71,879 72,491 72,723
Comprehensive Income, Policy [Policy Text Block]	Accumulated Other Comprehensive Loss Our accumulated other comprehensive loss balances as of September 30, 2017 December 31, 2016 three nine September 30, 2017 2016 not three nine September 30, 2017 2016.
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Property and equipment are carried at cost. Depreciation is computed principall y 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. In the nine September 30, 2017, nine September 30, 2017 2016 Estimated September 30, December 31, Useful Lives 2017 2016 (in years) Property and equipment: Land $ 49,651 $ 44,611 Buildings and improvements 154,391 139,078 7 to 40 Equipment 507,456 471,798 3 to 20 711,498 655,487 Accumulated depreciation (359,537 ) (329,394 ) Total property and equipment, net $ 351,961 $ 326,093
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	Allowance for Doubtful Accounts Our allowance for doubtful accounts is equal to a portion of our receivable balances that are 120 may 120
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In May 2014, No. 2014 09 – Revenue from Contracts with Customers 606 2014 09 August 2015, 2015 14, Revenue from Contracts with Customers 606 Deferral of the Effective Date 2015 14 2014 09 one December 15, 2017, not December 15, 2016. April 2016, 2016 10, Revenue from Contracts with Customers 606 Identifying Performance Obligations and Licensing 2014 09 May 2016, 2016 12, Revenue from Contracts with Customers 606 Narrow Scope Improvements and Practical Expedients December 2016, 2016 20, Revenue from Contracts with Customers 606 Technical Corrections and Improvements not In January 2016, No. 2016 01 – Financial Instrumen ts - Overall 825 10 Recognition and Measurement of Financial Assets and Financial Liabilities 2016 01 December 15, 2017, not In February 20 16, 2016 02 Leases 842 2016 02 840, Leases December 15, 2018. not December 31, 2016, $13.2 In August 2016, 2016 15, Statement of Cash Flows 230 – Classification of Certain Cash Receipts and Cash Payments 2016 15 eight eight December 15, 2017, not In January 2017, 2017 01, Business Combinations 805 Clarifying the Definition of a Business 2017 01 December 15, 2017, not In January 2017, 2017 04, Intangibles – Goodwill and Other 350 Simplifying the Test for Goodwill Impairment 2017 04 2 2 December 15, 2019, not not In March 2017, d ASU 2017 07, Compensation – Retirement Benefits 715 Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost 2017 07 December 15, 2017, not Adoption of Accounting Standards and Reclassifications In November 2015, No. 2015 17, Income Taxes 740 Balance Sheet Classification of Deferred Taxes 2015 17 In March 2016, 2016 09, Compensation – Stock Compensation 718 Improvements to Employee Share-Based Payment Accounting. 2016 09 January 1, 2017, $1.1 2017, Certain amounts in the condensed consolidated statement of cash flows have been reclassified to conform to the current presentation .

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Weighted Average Number of Shares [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Weighted-average shares outstanding-basic 71,636 71,879 71,777 71,850 Common stock equivalents for stock options and restricted stock 818 - 714 873 Weighted-average shares outstanding-diluted 72,454 71,879 72,491 72,723
Property, Plant and Equipment [Table Text Block]	Estimated September 30, December 31, Useful Lives 2017 2016 (in years) Property and equipment: Land $ 49,651 $ 44,611 Buildings and improvements 154,391 139,078 7 to 40 Equipment 507,456 471,798 3 to 20 711,498 655,487 Accumulated depreciation (359,537 ) (329,394 ) Total property and equipment, net $ 351,961 $ 326,093

Note 2 - Acquisitions (Tables)

Note 2 - Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2017
2017 Acquisitions [Member]
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Acquisition Fairbanks Media General Clarksburg Diversified Vermont Total Current assets $ 122 $ 666 $ 462 $ 361 $ 312 $ 1,923 Property and equipment 2,650 20,181 4,133 12,329 9,513 48,806 Goodwill 471 86,287 3,222 35,486 316 125,782 Broadcast licenses 2,228 149,846 17,003 26,219 7,592 202,888 Other intangible assets 2,702 13,398 2,234 11,051 8,268 37,653 Other non-current assets 71 282 51 27 3,310 3,741 Current liabilities (140 ) (695 ) (554 ) (423 ) (311 ) (2,123 ) Other long-term liabilities (84 ) - (51 ) (50 ) - (185 ) Total $ 8,020 $ 269,965 $ 26,500 $ 85,000 $ 29,000 $ 418,485

Note 3 - Long-term Debt (Tables

Note 3 - Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	September 30, December 31, 2017 2016 Long-term debt including current portion: 2014 Senior Credit Facility $ - $ 556,438 2017 Senior Credit Facility 636,838 - 2024 Notes 525,000 525,000 2026 Notes 700,000 700,000 Total outstanding principal 1,861,838 1,781,438 Unamortized deferred loan costs - 2014 Senior Credit Facility - (12,158 ) Unamortized deferred loan costs - 2017 Senior Credit Facility (12,406 ) - Unamortized deferred loan costs - 2024 Notes (6,993 ) (7,742 ) Unamortized deferred loan costs - 2026 Notes (9,751 ) (10,588 ) Unamortized premium - 2026 Notes 5,339 5,797 Less current portion (6,417 ) - Net carrying value $ 1,831,610 $ 1,756,747 Borrowing availability under the Revolving Credit Facility $ 100,000 $ 60,000
Schedule of Maturities of Long-term Debt [Table Text Block]	Minimum Principal Maturities Year 2017 Senior Credit Facility 2024 Notes 2026 Notes Total 2017 $ 1,604 $ - $ - $ 1,604 2018 6,417 - - 6,417 2019 6,417 - - 6,417 2020 6,417 - - 6,417 2021 6,417 - - 6,417 Thereafter 609,566 525,000 700,000 1,834,566 Total $ 636,838 $ 525,000 $ 700,000 $ 1,861,838

Note 6 - Retirement Plans (Tabl

Note 6 - Retirement Plans (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Service cost $ - $ - $ - $ - Interest cost 1,167 1,185 3,502 3,554 Expected return on plan assets (1,412 ) (1,298 ) (4,236 ) (3,892 ) Loss amortization 121 153 363 458 Net periodic (benefit) cost $ (124 ) $ 40 $ (371 ) $ 120

Note 7 - Share-based Compensa22

Note 7 - Share-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Stock-based compensation expense, gross $ 1,532 $ 1,271 $ 4,305 $ 3,827 Income tax benefit at our statutory rate associated with share-based compensation (597 ) (496 ) (1,679 ) (1,493 ) Stock-based compensation expense, net $ 935 $ 775 $ 2,626 $ 2,334
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	Nine Months Ended September 30, 2017 September 30, 2016 Weighted- Weighted- average average Grant Date Grant Date Number of Fair Value Number of Fair Value Shares Per Share Shares Per Share Restricted stock - common: Outstanding - beginning of period 396,033 $12.06 337,506 $9.57 Granted 307,943 $10.40 237,500 $12.88 Vested (200,291 ) $11.82 (178,973 ) $8.46 Outstanding - end of period 503,685 $11.14 396,033 $12.06 Restricted stock - class A common: Outstanding - beginning of period 415,082 $10.15 374,693 $9.46 Granted 275,076 $10.84 218,612 $11.25 Vested (227,526 ) $10.00 (178,223 ) $10.04 Outstanding - end of period 462,632 $10.63 415,082 $10.15

Note 9 - Goodwill and Intangi23

Note 9 - Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Changes in Goodwill and Other Intangible Assets [Table Text Block]	Net Balance at Acquisitions Net Balance at December 31, And September 30, 2016 Adjustments Dispositions Impairments Amortization 2017 Goodwill $ 485,318 $ 125,782 $ - $ - $ - $ 611,100 Broadcast licenses 1,340,305 202,923 (13,105 ) - - 1,530,123 Definite lived intangible assets 56,250 42,606 - - (18,684 ) 80,172 Total intangible assets net of accumulated amortization $ 1,881,873 $ 371,311 $ (13,105 ) $ - $ (18,684 ) $ 2,221,395
Schedule of Intangible Assets and Goodwill [Table Text Block]	As of September 30, 2017 As of December 31, 2016 Accumulated Accumulated Gross Amortization Net Gross Amortization Net Intangible assets not currently subject to amortization: Broadcast licenses $ 1,583,822 $ (53,699 ) $ 1,530,123 $ 1,394,004 $ (53,699 ) $ 1,340,305 Goodwill 611,100 - 611,100 485,318 - 485,318 $ 2,194,922 $ (53,699 ) $ 2,141,223 $ 1,879,322 $ (53,699 ) $ 1,825,623 Intangible assets subject to amortization: Network affiliation agreements $ 6,134 $ (2,905 ) $ 3,229 $ 1,264 $ (1,264 ) $ - Other definite lived intangible assets 143,446 (66,503 ) 76,943 105,792 (49,542 ) 56,250 $ 149,580 $ (69,408 ) $ 80,172 $ 107,056 $ (50,806 ) $ 56,250 Total intangibles $ 2,344,502 $ (123,107 ) $ 2,221,395 $ 1,986,378 $ (104,505 ) $ 1,881,873

Note 10 - Income Taxes (Tables)

Note 10 - Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Income tax expense $ 10,529 $ 797 $ 65,751 $ 19,109 Effective income tax rate 40.7 % 136.5 % 40.6 % 42.0 %

Note 1 - Basis of Presentatio25

Note 1 - Basis of Presentation (Details Textual) $ in Thousands	Jan. 17, 2017USD ($)	Sep. 30, 2017USD ($)	Dec. 31, 2019USD ($)	Jan. 01, 2017USD ($)
Number of Reportable Segments		1
Period for Creating Allowance for Doubtful Accounts		120 days
Cumulative Effect of New Accounting Principle in Period of Adoption		$ 1,107
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption		$ 1,107
Accounting Standards Update 2016-09 [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption				$ 1,100
Scenario, Forecast [Member] | Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncement Effect, Right of Use Assets			$ 13,200
New Accounting Pronouncement Effect, Lease Obligation Liability			$ 13,200
Green Bay Acquisition and Davenport Acquisition [Member]
Business Combination, Consideration Transferred	$ 269,900

Note 1 - Basis of Presentatio26

Note 1 - Basis of Presentation - Reconciliation of Basic to Diluted Weighted-average Shares Outstanding (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Weighted-average shares outstanding-basic (in shares)	71,636	71,879	71,777	71,850
Common stock equivalents for stock options and restricted stock (in shares)	818		714	873
Weighted-average shares outstanding-diluted (in shares)	72,454	71,879	72,491	72,723

Note 1 - Basis of Presentatio27

Note 1 - Basis of Presentation - Property and Equipment (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Property and equipment, gross	$ 711,498	$ 655,487
Accumulated depreciation	(359,537)	(329,394)
Total property and equipment, net	351,961	326,093
Land [Member]
Property and equipment, gross	49,651	44,611
Building and Building Improvements [Member]
Property and equipment, gross	$ 154,391	139,078
Building and Building Improvements [Member] | Minimum [Member]
Estimated useful lives (Year)	7 years
Building and Building Improvements [Member] | Maximum [Member]
Estimated useful lives (Year)	40 years
Equipment [Member]
Property and equipment, gross	$ 507,456	$ 471,798
Equipment [Member] | Minimum [Member]
Estimated useful lives (Year)	3 years
Equipment [Member] | Maximum [Member]
Estimated useful lives (Year)	20 years

Note 2 - Acquisitions (Details

Note 2 - Acquisitions (Details Textual) - USD ($) $ in Thousands	Aug. 01, 2017	Jun. 01, 2017	May 01, 2017	Jan. 17, 2017	Jan. 13, 2017	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Finite-Lived Intangible Assets, Gross						$ 149,580		$ 107,056
Goodwill						611,100		$ 485,318
Fairbanks Acquistion [Member]
Payments to Acquire Businesses, Gross					$ 8,000
Goodwill						471
Green Bay Acquisition and Davenport Acquisition [Member]
Business Combination, Consideration Transferred				$ 269,900
Goodwill						86,287
Clarksburg Acquisition [Member]
Business Combination, Consideration Transferred			$ 26,500
Goodwill						3,222
Bangor Acquisition and Gainesville Acquisition [Member]
Business Combination, Consideration Transferred			$ 85,000
Goodwill						35,486
Burlington and Plattsburg Acquisition [Member]
Payments to Acquire Businesses, Gross	$ 5,800	$ 23,200
Business Combination, Consideration Transferred	$ 29,000
Goodwill						316
2017 Acquisitions [Member]
Goodwill						125,782
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual						54,200
Business Acquisition, Operating Income (Loss) from Continuing Operations Before Changes in Accounting and Extraordinary Items, Net of Tax						25,200
Business Combination, Acquisition Related Costs						1,000
2017 Acquisitions [Member] | Retransmission Agreements [Member]
Finite-Lived Intangible Assets, Gross						$ 29,100
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life						4 years 328 days
2017 Acquisitions [Member] | Advertising Relationships [Member]
Finite-Lived Intangible Assets, Gross						$ 5,300
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life						10 years 255 days
2017 Acquisitions [Member] | Income Leases [Member]
Finite-Lived Intangible Assets, Gross						$ 3,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life						11 years 328 days
2017 Acquisitions [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life						3 years
2017 Acquisitions [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life						40 years
2016 Acquisitions [Member]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual							$ 87,900
Business Acquisition, Operating Income (Loss) from Continuing Operations Before Changes in Accounting and Extraordinary Items, Net of Tax							$ 35,300

Note 2 - Acquisitions - Fair Va

Note 2 - Acquisitions - Fair Value of Assets Acquired, Liabilities Assumed, and Goodwill from Acquisitions (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Goodwill	$ 611,100	$ 485,318
Fairbanks Acquistion [Member]
Current assets	122
Property and equipment	2,650
Goodwill	471
Broadcast licenses	2,228
Other intangible assets	2,702
Other non-current assets	71
Current liabilities	(140)
Other long-term liabilities	(84)
Total	8,020
Green Bay Acquisition and Davenport Acquisition [Member]
Current assets	666
Property and equipment	20,181
Goodwill	86,287
Broadcast licenses	149,846
Other intangible assets	13,398
Other non-current assets	282
Current liabilities	(695)
Other long-term liabilities
Total	269,965
Clarksburg Acquisition [Member]
Current assets	462
Property and equipment	4,133
Goodwill	3,222
Broadcast licenses	17,003
Other intangible assets	2,234
Other non-current assets	51
Current liabilities	(554)
Other long-term liabilities	(51)
Total	26,500
Bangor Acquisition and Gainesville Acquisition [Member]
Current assets	361
Property and equipment	12,329
Goodwill	35,486
Broadcast licenses	26,219
Other intangible assets	11,051
Other non-current assets	27
Current liabilities	(423)
Other long-term liabilities	(50)
Total	85,000
Burlington and Plattsburg Acquisition [Member]
Current assets	312
Property and equipment	9,513
Goodwill	316
Broadcast licenses	7,592
Other intangible assets	8,268
Other non-current assets	3,310
Current liabilities	(311)
Other long-term liabilities
Total	29,000
2017 Acquisitions [Member]
Current assets	1,923
Property and equipment	48,806
Goodwill	125,782
Broadcast licenses	202,888
Other intangible assets	37,653
Other non-current assets	3,741
Current liabilities	(2,123)
Other long-term liabilities	(185)
Total	$ 418,485

Note 3 - Long-term Debt (Detail

Note 3 - Long-term Debt (Details Textual) - USD ($) $ in Thousands	Apr. 03, 2017	Feb. 07, 2017	Sep. 14, 2016	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Jun. 14, 2016
Long-term Debt, Gross				$ 1,861,838		$ 1,861,838
Proceeds from Issuance of Long-term Debt						641,438	$ 1,656,000
Gain (Loss) on Extinguishment of Debt					$ (31,987)	(2,851)	$ (31,987)
The 2017 Senior Credit Facility [Member]
Long-term Debt, Gross				636,838		636,838
Debt Agreement, Maximum Borrowing Capacity				736,800		736,800
Gain (Loss) on Extinguishment of Debt						(2,900)
Debt Issuance Costs, Gross				5,000		5,000
The 2017 Senior Credit Facility [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 100,000		100,000		100,000
The 2017 Senior Credit Facility [Member] | Revolving Credit Facility [Member] | Minimum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		0.375%
The 2017 Senior Credit Facility [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		0.50%
The 2017 Senior Credit Facility [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread Used to Define Base Rate		1.00%
The 2017 Senior Credit Facility [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate		1.50%
The 2017 Senior Credit Facility [Member] | Revolving Credit Facility [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate		0.50%
The 2017 Senior Credit Facility [Member] | Revolving Credit Facility [Member] | Federal Funds Effective Swap Rate [Member]
Debt Instrument, Basis Spread Used to Define Base Rate		0.50%
The 2017 Senior Credit Facility [Member] | The 2017 Term Loan [Member]
Long-term Debt, Gross		$ 556,400
Proceeds from Issuance of Long-term Debt	$ 85,000
Debt Instrument, Quarterly Principal Payment				$ 1,600		$ 1,600
Debt Instrument, Interest Rate, Stated Percentage				3.70%		3.70%
The 2017 Senior Credit Facility [Member] | The 2017 Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		2.25%
Debt Instrument, Basis Spread on Variable Rate if Leverage Ratio is Less Than or Equal to 5.25		2.25%
Debt Instrument, Interest Rate, Applicable Margin, If Leverage Ratio is Greater than 5.25		2.50%
The 2017 Senior Credit Facility [Member] | The 2017 Term Loan [Member] | Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate		1.25%
Debt Instrument, Basis Spread on Variable Rate if Leverage Ratio is Less Than or Equal to 5.25		1.25%
2014 Senior Credit Facility [Member]
Long-term Debt, Gross								$ 556,438
Debt Instrument, Interest Rate, Stated Percentage								3.90%
2024 Notes [Member]
Long-term Debt, Gross				$ 525,000		$ 525,000
Debt Instrument, Interest Rate, Stated Percentage				5.125%		5.125%		5.125%
Unsecured Debt				$ 525,000		$ 525,000		$ 525,000
2026 Notes [Member]
Long-term Debt, Gross				$ 700,000		$ 700,000
Debt Instrument, Interest Rate, Stated Percentage				5.875%		5.875%
Unsecured Debt				$ 700,000		$ 700,000		$ 700,000
Debt Instrument, Face Amount									$ 500,000
Debt Instrument, Interest Rate, Effective Percentage								5.875%
The Additional 2026 Notes [Member]
Proceeds from Issuance of Long-term Debt			$ 206,000
Debt Instrument, Interest Rate, Stated Percentage				5.875%		5.875%
Debt Instrument, Face Amount			$ 200,000
Debt Instrument, Issueing Price, Percentage			103.00%
Debt Instrument, Interest Rate, Effective Percentage				5.398%		5.398%		5.398%

Note 3 - Long-term Debt - Long-

Note 3 - Long-term Debt - Long-term Debt Summary (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Senior Credit Facility	$ 1,861,838
Total outstanding principal	1,861,838	$ 1,781,438
Less current portion	(6,417)
Net carrying value	1,831,610	1,756,747
Borrowing availability under the Revolving Credit Facility	100,000	60,000
2014 Senior Credit Facility [Member]
Senior Credit Facility		556,438
Unamortized deferred loan costs		(12,158)
The 2017 Senior Credit Facility [Member]
Senior Credit Facility	636,838
Unamortized deferred loan costs	(12,406)
2024 Notes [Member]
Senior Credit Facility	525,000
Unsecured Debt	525,000	525,000
Unamortized deferred loan costs	(6,993)	(7,742)
2026 Notes [Member]
Senior Credit Facility	700,000
Unsecured Debt	700,000	700,000
Unamortized deferred loan costs	(9,751)	(10,588)
Unamortized premium	$ 5,339	$ 5,797

Note 3 - Long-term Debt - Aggre

Note 3 - Long-term Debt - Aggregate Minimum Principal Maturities on Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
2,017	$ 1,604
2,018	6,417
2,019	6,417
2,020	6,417
2,021	6,417
Thereafter	1,834,566
Total	1,861,838
The 2017 Senior Credit Facility [Member]
2,017	1,604
2,018	6,417
2,019	6,417
2,020	6,417
2,021	6,417
Thereafter	609,566
Total	636,838
2024 Notes [Member]
2,017
2,018
2,019
2,020
2,021
Thereafter	525,000
Total	525,000
2026 Notes [Member]
2,017
2,018
2,019
2,020
2,021
Thereafter	700,000
Total	$ 700,000

Note 4 - Fair Value Measureme33

Note 4 - Fair Value Measurement (Details Textual) - USD ($) $ in Billions	Sep. 30, 2017	Dec. 31, 2016
Long-term Debt	$ 1.9	$ 1.8
Long-term Debt, Fair Value	$ 1.9	$ 1.8

Note 5 - Stockholders' Equity (

Note 5 - Stockholders' Equity (Details Textual) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)shares	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)$ / sharesshares	Sep. 30, 2016USD ($)	Dec. 31, 2016shares	Nov. 06, 2016shares	Mar. 31, 2006shares	Nov. 30, 2004shares	Mar. 31, 2004shares
Capital Units, Authorized	135,000,000		135,000,000
Common Stock, Shares Authorized	100,000,000		100,000,000		100,000,000
Common Stock, Voting Rights, Votes Per Share	1		1
Dividends, Common Stock | $	$ 0	$ 0	$ 0	$ 0
Treasury Stock, Value, Acquired, Cost Method | $			$ 4,000
Common Stock, Capital Shares Reserved for Future Issuance	7,632,465		7,632,465
March 2004 Authorization [Member]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased									2,000,000
The 2004-2006 Repurchase Authorization [Member]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased							5,000,000
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased					279,200
The 2016 Repurchase Authorization [Member]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased						75,000,000
Treasury Stock, Shares, Acquired			322,038
Treasury Stock Acquired, Average Cost Per Share | $ / shares			$ 12.39
Treasury Stock, Value, Acquired, Cost Method | $			$ 4,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $	$ 69,000		$ 69,000
November 2004 Authorization [Member]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased								2,000,000
Common Class A [Member]
Common Stock, Shares Authorized	15,000,000		15,000,000		15,000,000
Common Stock, Voting Rights, Votes Per Share	10		10
Common Stock, Capital Shares Reserved for Future Issuance	1,923,144		1,923,144
Blank Check Preferred Stock [Member]
Preferred Stock, Shares Authorized	20,000,000		20,000,000

Note 6 - Retirement Plans (Deta

Note 6 - Retirement Plans (Details Textual) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2017USD ($)
Defined Benefit Plan, Plan Assets, Contributions by Employer		$ 0.6
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 1.4	5
Defined Contribution Plan, Expected Contributions In Next Twelve Months		1.5
Minimum [Member]
Defined Benefit Plan, Expected Future Employer Contributions, Remainder of Fiscal Year	1.7	1.7
Maximum [Member]
Defined Benefit Plan, Expected Future Employer Contributions, Remainder of Fiscal Year	$ 2.4	$ 2.4

Note 6 - Retirement Plans - Com

Note 6 - Retirement Plans - Components of Net Periodic Benefit Cost for Pension Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Service cost
Interest cost	1,167	1,185	3,502	3,554
Expected return on plan assets	(1,412)	(1,298)	(4,236)	(3,892)
Loss amortization	121	153	363	458
Net periodic (benefit) cost	$ (124)	$ 40	$ (371)	$ 120

Note 7 - Share-based Compensa37

Note 7 - Share-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	9 Months Ended
	Oct. 31, 2017	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number		274,746		274,746
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price		$ 1.99		$ 1.99
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value		$ 3.8
Common Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number		0		0
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		307,943	237,500
Restricted Stock [Member] | Common Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		275,076	218,612
Restricted Stock [Member] | Employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		307,943	218,452
Restricted Stock [Member] | Employee [Member] | Common Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		198,220	166,677
Restricted Stock [Member] | Employee [Member] | Share-based Compensation Award, Tranche One, Vesting January 31, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		102,648
Restricted Stock [Member] | Employee [Member] | Share-based Compensation Award, Tranche One, Vesting January 31, 2018 [Member] | Common Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		66,073
Restricted Stock [Member] | Employee [Member] | Share-based Compensation Award, Tranche Three, Vesting January 31, 2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		102,647
Restricted Stock [Member] | Employee [Member] | Share-based Compensation Award, Tranche Three, Vesting January 31, 2020 [Member] | Common Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		66,074
Restricted Stock [Member] | Employee [Member] | Share-based Compensation Award, Tranche Two, Vesting January 31, 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			72,816
Restricted Stock [Member] | Employee [Member] | Share-based Compensation Award, Tranche Two, Vesting January 31, 2018 [Member] | Common Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			55,559
Restricted Stock [Member] | Employee [Member] | Share-based Compensation Award, Tranche One, Vesting January 31, 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			72,816
Restricted Stock [Member] | Employee [Member] | Share-based Compensation Award, Tranche One, Vesting January 31, 2017 [Member] | Common Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			55,559
Restricted Stock [Member] | Employee [Member] | Share-based Compensation Award, Tranche Three, Vesting January 31, 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			72,820
Restricted Stock [Member] | Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			19,048
Restricted Stock [Member] | Director [Member] | Common Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			51,935
Restricted Stock [Member] | Director [Member] | Share-based Compensation Award, Tranche Two, Vesting January 31, 2018 [Member] | Common Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		76,856
Restricted Stock Units (RSUs) [Member] | Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	215,500
Share-based Compensation Arrangement By Share-based Payment Award, Equity Instruments Other Than Options, Grants In Period, Grant Date Fair Value	$ 3.4
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	120 days
Directors Restricted Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number		0

Note 7 - Share-based Compensa38

Note 7 - Share-based Compensation - Stock-based Compensation Expense and Related Income Tax Benefit (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Stock-based compensation expense, gross	$ 1,532	$ 1,271	$ 4,305	$ 3,827
Income tax benefit at our statutory rate associated with share-based compensation	(597)	(496)	(1,679)	(1,493)
Stock-based compensation expense, net	$ 935	$ 775	$ 2,626	$ 2,334

Note 7 - Share-based Compensa39

Note 7 - Share-based Compensation - Summary of Restricted Common Stock Activity (Details) - Restricted Stock [Member] - $ / shares	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Outstanding - beginning of period (in shares)	396,033	337,506
Outstanding - beginning of period (in dollars per share)	$ 12.06	$ 9.57
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	307,943	237,500
Granted (in dollars per share)	$ 10.40	$ 12.88
Vested (in shares)	(200,291)	(178,973)
Vested (in dollars per share)	$ 11.82	$ 8.46
Outstanding - end of period (in shares)	503,685	396,033
Outstanding - end of period (in dollars per share)	$ 11.14	$ 12.06
Common Class A [Member]
Outstanding - beginning of period (in shares)	415,082	374,693
Outstanding - beginning of period (in dollars per share)	$ 10.15	$ 9.46
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	275,076	218,612
Granted (in dollars per share)	$ 10.84	$ 11.25
Vested (in shares)	(227,526)	(178,223)
Vested (in dollars per share)	$ 10	$ 10.04
Outstanding - end of period (in shares)	462,632	415,082
Outstanding - end of period (in dollars per share)	$ 10.63	$ 10.15

Note 9 - Goodwill and Intangi40

Note 9 - Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Amortization of Intangible Assets	$ 6,460	$ 4,235	$ 18,684	$ 12,365
Finite-Lived Intangible Assets, Amortization Expense, Year Two	20,400		20,400
Finite-Lived Intangible Assets, Amortization Expense, Year Three	15,200		15,200
Finite-Lived Intangible Assets, Amortization Expense, Year Four	12,200		12,200
Finite-Lived Intangible Assets, Amortization Expense, Year Five	8,100		8,100
Finite-Lived Intangible Assets, Amortization Expense, Year Six	$ 4,800		4,800
Goodwill, Impairment Loss			0	0
Impairment of Intangible Assets (Excluding Goodwill)			$ 0	$ 0

Note 9 - Goodwill and Intangi41

Note 9 - Goodwill and Intangible Assets - Changes in Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Goodwill			$ 485,318
Goodwill			125,782
Goodwill
Goodwill	$ 611,100		611,100
Broadcast licenses			1,340,305
Broadcast licenses	1,530,123		1,530,123
Definite lived intangible assets			56,250
Definite lived intangible assets			42,606
Definite lived intangible assets	(6,460)	$ (4,235)	(18,684)	$ (12,365)
Definite lived intangible assets	80,172		80,172
Total intangible assets net of accumulated amortization			1,881,873
Total intangible assets net of accumulated amortization			371,311
Total intangible assets net of accumulated amortization			(13,105)
Total intangible assets net of accumulated amortization	2,221,395		2,221,395
Broadcast Licenses [Member]
Broadcast licenses			1,340,305
Broadcast licenses			202,923
Broadcast licenses			(13,105)
Broadcast licenses	$ 1,530,123		$ 1,530,123

Note 9 - Goodwill and Intangi42

Note 9 - Goodwill and Intangible Assets - Intangible Assets and Related Accumulated Amortization (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Goodwill, Gross	$ 611,100	$ 485,318
Goodwill	611,100	485,318
Goodwill and Indefinite-Lived Intangible Assets, Gross	2,194,922	1,879,322
Goodwill and Indefinite-lived Intangible Assets, Accumulated Amortization	(53,699)	(53,699)
Goodwill and Indefinite-Lived Assets, Net	2,141,223	1,825,623
Finite-Lived Intangible Assets, Gross	149,580	107,056
Finite-Lived Intangible Assets, Accumulated Amortization	(69,408)	(50,806)
Other intangible assets, net	80,172	56,250
Intangible Assets Gross (Including Goodwill)	2,344,502	1,986,378
Accumulated Amortization Intangible Assets	(123,107)	(104,505)
Intangible Assets, Net (Including Goodwill)	2,221,395	1,881,873
Network Affiliate [Member]
Finite-Lived Intangible Assets, Gross	6,134	1,264
Finite-Lived Intangible Assets, Accumulated Amortization	(2,905)	(1,264)
Other intangible assets, net	3,229
Other Intangible Assets [Member]
Finite-Lived Intangible Assets, Gross	143,446	105,792
Finite-Lived Intangible Assets, Accumulated Amortization	(66,503)	(49,542)
Other intangible assets, net	76,943	56,250
Broadcast Licenses [Member]
Indefinite-lived Intangible Assets (Excluding Goodwill), Gross	1,583,822	1,394,004
Indefinite-Lived Intangible Assets (Excluding Goodwill), Accumulated Amortization	(53,699)	(53,699)
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$ 1,530,123	$ 1,340,305

Note 10 - Income Taxes (Details

Note 10 - Income Taxes (Details Textual)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			35.00%	35.00%
Effective Income Tax Rate Reconciliation, Percent	40.70%	136.50%	40.60%	42.00%
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent			4.30%	4.60%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Percent			1.30%	2.10%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Compensation Cost, Percent				1.00%
Effective Income Tax Rate Reconciliation, Tax Contingency, State and Local, Percent				0.70%

Note 10 - Income Taxes - Reconc

Note 10 - Income Taxes - Reconciliation of Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income tax expense	$ 10,529	$ 797	$ 65,751	$ 19,109
Effective Income Tax Rate Reconciliation, Percent	40.70%	136.50%	40.60%	42.00%