10-Q Filing

GRAY MEDIA, INC CIK: 43196 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001437749-20-016796`
Period End Date	20200630
Filing Date	20200806
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	gtn20200630_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 107 Income Statement 78 Cash Flow Statement 94 Stockholders Equity 40

Balance Sheet 107 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for credit losses	`AllowanceForDoubtfulOtherReceivablesCurrent`	$15.00M	USD	Point-in-time
Accounts receivable, allowance for credit losses	`AllowanceForDoubtfulOtherReceivablesCurrent`	$11.00M	USD	Point-in-time
Series A Perpetual Preferred Stock, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$379.00M	USD	Point-in-time
Series A Perpetual Preferred Stock, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$212.00M	USD	Point-in-time
Accounts receivable trade, less allowance for credit losses of $15 and $11, respectively	`AccountsReceivableNetCurrent`	$354.00M	USD	Point-in-time
Series A Perpetual Preferred Stock, shares authorized (in shares)	`TemporaryEquitySharesAuthorized`	1.50M	shares	Point-in-time
Accounts receivable trade, less allowance for credit losses of $15 and $11, respectively	`AccountsReceivableNetCurrent`	$411.00M	USD	Point-in-time
Series A Perpetual Preferred Stock, shares authorized (in shares)	`TemporaryEquitySharesAuthorized`	1.50M	shares	Point-in-time
Series A Perpetual Preferred Stock, shares issued (in shares)	`TemporaryEquitySharesIssued`	650,000.00	shares	Point-in-time
Series A Perpetual Preferred Stock, shares issued (in shares)	`TemporaryEquitySharesIssued`	650,000.00	shares	Point-in-time
Current portion of program broadcast rights, net	`LicenseAgreementsNetCurrent`	$8.00M	USD	Point-in-time
Current portion of program broadcast rights, net	`LicenseAgreementsNetCurrent`	$25.00M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$24.00M	USD	Point-in-time
Series A Perpetual Preferred Stock, shares outstanding (in shares)	`TemporaryEquitySharesOutstanding`	650,000.00	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.00M	USD	Point-in-time
Series A Perpetual Preferred Stock, shares outstanding (in shares)	`TemporaryEquitySharesOutstanding`	650,000.00	shares	Point-in-time
Series A Perpetual Preferred Stock, liquidation value	`TemporaryEquityLiquidationPreference`	$650.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$672.00M	USD	Point-in-time
Series A Perpetual Preferred Stock, liquidation value	`TemporaryEquityLiquidationPreference`	$650.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$759.00M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$732.00M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$732.00M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$725.00M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Operating leases right of use asset	`OperatingLeaseRightOfUseAsset`	$59.00M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Operating leases right of use asset	`OperatingLeaseRightOfUseAsset`	$50.00M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	101.75M	shares	Point-in-time
Broadcast licenses	`IndefiniteLivedLicenseAgreements`	$3.57B	USD	Point-in-time
Broadcast licenses	`IndefiniteLivedLicenseAgreements`	$3.57B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	103.07M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	92.69M	shares	Point-in-time
Goodwill	`Goodwill`	$1.45B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	89.74M	shares	Point-in-time
Goodwill	`Goodwill`	$1.45B	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	13.33M	shares	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$460.00M	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$408.00M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	9.09M	shares	Point-in-time
Investments in broadcasting and technology companies	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$49.00M	USD	Point-in-time
Investments in broadcasting and technology companies	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$31.00M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$15.00M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$13.00M	USD	Point-in-time
Total assets	`Assets`	$6.97B	USD	Point-in-time
Total assets	`Assets`	$7.04B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$86.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.00M	USD	Point-in-time
Employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$55.00M	USD	Point-in-time
Employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$67.00M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$37.00M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$35.00M	USD	Point-in-time
Accrued network programming fees	`AccruedNetworkProgrammingFees`	$30.00M	USD	Point-in-time
Accrued network programming fees	`AccruedNetworkProgrammingFees`	$37.00M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$32.00M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$22.00M	USD	Point-in-time
Federal and state income taxes	`AccruedIncomeTaxesCurrent`	$13.00M	USD	Point-in-time
Federal and state income taxes	`AccruedIncomeTaxesCurrent`	$23.00M	USD	Point-in-time
Current portion of program broadcast obligations	`ProgramRightsObligationsCurrent`	$28.00M	USD	Point-in-time
Current portion of program broadcast obligations	`ProgramRightsObligationsCurrent`	$9.00M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$9.00M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$10.00M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$13.00M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$13.00M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$6.00M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$7.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$297.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$246.00M	USD	Point-in-time
Long-term debt, less current portion and deferred financing costs	`LongTermDebtNoncurrent`	$3.70B	USD	Point-in-time
Long-term debt, less current portion and deferred financing costs	`LongTermDebtNoncurrent`	$3.70B	USD	Point-in-time
Program broadcast obligations, less current portion	`ProgramRightsObligationsNoncurrent`	$6.00M	USD	Point-in-time
Program broadcast obligations, less current portion	`ProgramRightsObligationsNoncurrent`	$7.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$824.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$810.00M	USD	Point-in-time
Accrued pension costs	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$37.00M	USD	Point-in-time
Accrued pension costs	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$38.00M	USD	Point-in-time
Operating lease liabilities, less current portion	`OperatingLeaseLiabilityNoncurrent`	$54.00M	USD	Point-in-time
Operating lease liabilities, less current portion	`OperatingLeaseLiabilityNoncurrent`	$45.00M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$11.00M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$15.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.93B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.86B	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Series A Perpetual Preferred Stock, no par value; cumulative; redeemable; designated 1,500,000 shares, issued and outstanding 650,000 shares at each date, ($650 aggregate liquidation value at each date)	`TemporaryEquityCarryingAmountAttributableToParent`	$650.00M	USD	Point-in-time
Series A Perpetual Preferred Stock, no par value; cumulative; redeemable; designated 1,500,000 shares, issued and outstanding 650,000 shares at each date, ($650 aggregate liquidation value at each date)	`TemporaryEquityCarryingAmountAttributableToParent`	$650.00M	USD	Point-in-time
Common stock	`CommonStockValueOutstanding`	$1.09B	USD	Point-in-time
Common stock	`CommonStockValueOutstanding`	$1.10B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$542.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$504.00M	USD	Point-in-time
Accumulated other comprehensive loss, net of income tax benefit	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-31.00M	USD	Point-in-time
Accumulated other comprehensive loss, net of income tax benefit	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-31.00M	USD	Point-in-time
Stockholders' equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$1.65B	USD	Point-in-time
Stockholders' equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$1.60B	USD	Point-in-time
Treasury stock at cost	`TreasuryStockValue`	$162.00M	USD	Point-in-time
Treasury stock at cost	`TreasuryStockValue`	$107.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.19B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.46B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.36B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.50B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.33B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.46B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$7.04B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$6.97B	USD	Point-in-time

Income Statement 78 line items

Line Item	Tag	Value	Unit	Period
Revenue (less agency commissions)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$985.00M	USD	2 Qtrs
Revenue (less agency commissions)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.03B	USD	2 Qtrs
Revenue (less agency commissions)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$451.00M	USD	1 Quarter
Revenue (less agency commissions)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$508.00M	USD	1 Quarter
Corporate and administrative	`GeneralAndAdministrativeExpense`	$32.00M	USD	2 Qtrs
Corporate and administrative	`GeneralAndAdministrativeExpense`	$69.00M	USD	2 Qtrs
Corporate and administrative	`GeneralAndAdministrativeExpense`	$21.00M	USD	1 Quarter
Corporate and administrative	`GeneralAndAdministrativeExpense`	$17.00M	USD	1 Quarter
Depreciation	`Depreciation`	$20.00M	USD	1 Quarter
Depreciation	`Depreciation`	$21.00M	USD	1 Quarter
Depreciation	`Depreciation`	$40.00M	USD	2 Qtrs
Depreciation	`Depreciation`	$42.00M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$57.00M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$52.00M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$26.00M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$28.00M	USD	1 Quarter
Gain on disposals of assets, net	`GainLossOnDispositionOfAssets1`	$-13.00M	USD	2 Qtrs
Gain on disposals of assets, net	`GainLossOnDispositionOfAssets1`	$-3.00M	USD	1 Quarter
Gain on disposals of assets, net	`GainLossOnDispositionOfAssets1`	$-7.00M	USD	1 Quarter
Gain on disposals of assets, net	`GainLossOnDispositionOfAssets1`	$-13.00M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$386.00M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$867.00M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$796.00M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$389.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$189.00M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$65.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$159.00M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$119.00M	USD	1 Quarter
Miscellaneous (expense) income, net	`OtherNonoperatingIncomeExpense`	$4.00M	USD	2 Qtrs
Miscellaneous (expense) income, net	`OtherNonoperatingIncomeExpense`	$-2.00M	USD	1 Quarter
Miscellaneous (expense) income, net	`OtherNonoperatingIncomeExpense`	$1.00M	USD	1 Quarter
Miscellaneous (expense) income, net	`OtherNonoperatingIncomeExpense`	$-3.00M	USD	2 Qtrs
Interest expense	`InterestExpenseDebt`	$98.00M	USD	2 Qtrs
Interest expense	`InterestExpenseDebt`	$58.00M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$46.00M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$116.00M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$17.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$88.00M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$62.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$47.00M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$21.00M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$24.00M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$18.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$6.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$53.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$44.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$64.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-18.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.00M	USD	1 Quarter
Preferred stock dividends	`TemporaryEquityDividendsAdjustment`	$13.00M	USD	1 Quarter
Preferred stock dividends	`TemporaryEquityDividendsAdjustment`	$13.00M	USD	1 Quarter
Preferred stock dividends	`TemporaryEquityDividendsAdjustment`	$26.00M	USD	2 Qtrs
Preferred stock dividends	`TemporaryEquityDividendsAdjustment`	$26.00M	USD	2 Qtrs
Net (loss) income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$31.00M	USD	1 Quarter
Net (loss) income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$38.00M	USD	2 Qtrs
Net (loss) income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.00M	USD	1 Quarter
Net (loss) income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	-	USD	2 Qtrs
Net (loss) income attributable to common stockholders (in dollars per share)	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net (loss) income attributable to common stockholders (in dollars per share)	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Net (loss) income attributable to common stockholders (in dollars per share)	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Net (loss) income attributable to common stockholders (in dollars per share)	`EarningsPerShareBasic`	$0.39	USD	2 Qtrs
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	97.00M	shares	1 Quarter
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	100.00M	shares	1 Quarter
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	100.00M	shares	2 Qtrs
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	98.00M	shares	2 Qtrs
Net (loss) income attributable to common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$0.31	USD	1 Quarter
Net (loss) income attributable to common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$0.39	USD	2 Qtrs
Net (loss) income attributable to common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Net (loss) income attributable to common stockholders (in dollars per share)	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	98.00M	shares	2 Qtrs
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	101.00M	shares	1 Quarter
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	100.00M	shares	2 Qtrs
Weighted-average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	97.00M	shares	1 Quarter
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	-	USD	2 Qtrs
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	-	USD	2 Qtrs
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter

Cash Flow Statement 94 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$26.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$53.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$44.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$64.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-18.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.00M	USD	1 Quarter
Depreciation	`Depreciation`	$20.00M	USD	1 Quarter
Depreciation	`Depreciation`	$21.00M	USD	1 Quarter
Depreciation	`Depreciation`	$40.00M	USD	2 Qtrs
Depreciation	`Depreciation`	$42.00M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$57.00M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$52.00M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$26.00M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$28.00M	USD	1 Quarter
Amortization of deferred loan costs	`AmortizationOfFinancingCosts`	$6.00M	USD	2 Qtrs
Amortization of deferred loan costs	`AmortizationOfFinancingCosts`	$6.00M	USD	2 Qtrs
Amortization of restricted stock and stock option awards	`ShareBasedCompensation`	$7.00M	USD	2 Qtrs
Amortization of restricted stock and stock option awards	`ShareBasedCompensation`	$5.00M	USD	2 Qtrs
Amortization of program broadcast rights	`AmortizationOfProgramBroadcastRights`	$19.00M	USD	2 Qtrs
Amortization of program broadcast rights	`AmortizationOfProgramBroadcastRights`	$20.00M	USD	2 Qtrs
Payments on program broadcast obligations	`PaymentsOnProgramBroadcastObligations`	$24.00M	USD	2 Qtrs
Payments on program broadcast obligations	`PaymentsOnProgramBroadcastObligations`	$20.00M	USD	2 Qtrs
Common stock contributed to 401(k)	`CommonStockContributedToDefinedContributionPlan`	$5.00M	USD	2 Qtrs
Common stock contributed to 401(k)	`CommonStockContributedToDefinedContributionPlan`	$4.00M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$12.00M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$13.00M	USD	2 Qtrs
Gain on disposals of assets, net	`GainLossOnDispositionOfAssets`	$3.00M	USD	1 Quarter
Gain on disposals of assets, net	`GainLossOnDispositionOfAssets`	$13.00M	USD	2 Qtrs
Gain on disposals of assets, net	`GainLossOnDispositionOfAssets`	$7.00M	USD	1 Quarter
Gain on disposals of assets, net	`GainLossOnDispositionOfAssets`	$13.00M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$7.00M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-2.00M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$-41.00M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$-57.00M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$15.00M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-6.00M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$75.00M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	2 Qtrs
Employee compensation, benefits and pension cost	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-12.00M	USD	2 Qtrs
Employee compensation, benefits and pension cost	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-14.00M	USD	2 Qtrs
Accrued network fees and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-5.00M	USD	2 Qtrs
Accrued network fees and other expenses	`IncreaseDecreaseInAccruedLiabilities`	$-42.00M	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-2.00M	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$4.00M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$1.00M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$10.00M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$4.00M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$1.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$307.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$105.00M	USD	2 Qtrs
Acquisitions of television businesses and licenses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.00M	USD	2 Qtrs
Acquisitions of television businesses and licenses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.79B	USD	2 Qtrs
Proceeds from sale of television station	`ProceedsFromDivestitureOfBusinesses`	$231.00M	USD	2 Qtrs
Proceeds from sale of television station	`ProceedsFromDivestitureOfBusinesses`	-	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$44.00M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$51.00M	USD	2 Qtrs
Proceeds from asset sales	`ProceedsFromSaleOfMachineryAndEquipment`	$1.00M	USD	2 Qtrs
Proceeds from asset sales	`ProceedsFromSaleOfMachineryAndEquipment`	$3.00M	USD	2 Qtrs
Proceeds from FCC Repack (Note 1)	`ProceedsFromFCCRepack`	$17.00M	USD	2 Qtrs
Proceeds from FCC Repack (Note 1)	`ProceedsFromFCCRepack`	$14.00M	USD	2 Qtrs
Proceeds from FCC Repack (Note 1)	`ProceedsFromFCCRepack`	$8.00M	USD	1 Quarter
Proceeds from FCC Repack (Note 1)	`ProceedsFromFCCRepack`	$5.00M	USD	1 Quarter
Acquisition prepayments	`PaymentsForProceedsFromTheAcquiredBusinesses`	$14.00M	USD	2 Qtrs
Acquisition prepayments	`PaymentsForProceedsFromTheAcquiredBusinesses`	-	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$22.00M	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$3.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.60B	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-59.00M	USD	2 Qtrs
Proceeds from borrowings on long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	2 Qtrs
Proceeds from borrowings on long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.40B	USD	2 Qtrs
Repayments of borrowings on long-term debt	`RepaymentsOfLongTermDebt`	-	USD	2 Qtrs
Repayments of borrowings on long-term debt	`RepaymentsOfLongTermDebt`	$7.00M	USD	2 Qtrs
Payments for the repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$49.00M	USD	2 Qtrs
Payments for the repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Payment of preferred stock dividends	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$26.00M	USD	2 Qtrs
Payment of preferred stock dividends	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$13.00M	USD	2 Qtrs
Deferred and other loan costs	`IncreaseDecreaseInDeferredAndOtherLoanCosts`	-	USD	2 Qtrs
Deferred and other loan costs	`IncreaseDecreaseInDeferredAndOtherLoanCosts`	$50.00M	USD	2 Qtrs
Payments for taxes related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.00M	USD	2 Qtrs
Payments for taxes related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.00M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-81.00M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.33B	USD	2 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.17B	USD	2 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$167.00M	USD	2 Qtrs
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$212.00M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.42B	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$379.00M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$251.00M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$212.00M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.42B	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$379.00M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$251.00M	USD	Point-in-time

Stockholders Equity 40 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$1.19B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.46B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.36B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.50B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.33B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.46B	USD	Point-in-time
Net income	`NetIncomeLoss`	$26.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$53.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$44.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$64.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-18.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.00M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$13.00M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$13.00M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$13.00M	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$13.00M	USD	1 Quarter
Acquisitions of television businesses and licenses	`StockIssuedDuringPeriodValueAcquisitions`	$170.00M	USD	1 Quarter
401(k) Plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$4.00M	USD	1 Quarter
401(k) Plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$4.00M	USD	1 Quarter
Restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-3.00M	USD	1 Quarter
Restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-2.00M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.00M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.00M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.00M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$4.00M	USD	1 Quarter
Adoption of ASU 2018-02	`TaxCutsAndJobsActOf2017ReclassificationFromAociToRetainedEarningsTaxEffect`	-	USD	1 Quarter
Adoption of ASU 2018-02	`TaxCutsAndJobsActOf2017ReclassificationFromAociToRetainedEarningsTaxEffect`	-	USD	1 Quarter
2007 Long Term Incentive Plan - stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$-2.00M	USD	1 Quarter
Forfeiture of restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	1 Quarter
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$43.00M	USD	1 Quarter
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$6.00M	USD	1 Quarter
Vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardVested`	$2.00M	USD	1 Quarter
Balance	`StockholdersEquity`	$1.19B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.46B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.36B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.50B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.33B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.46B	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.