|12 Months Ended
Dec. 31, 2020
|Subsequent Events [Abstract]
NOTE 21. SUBSEQUENT EVENTS
In January 2021, we applied for $11.2 million in PPP loans available under the CAA for our radio station clusters and our networks. We have received $8.4 million in funding and expect to receive the remaining amount in the next several weeks.
On February 4, 2021, we entered into an APA to acquirefor $0.6 million. The purchase is subject to the approval of the
KDYA-AMin San Francisco, California
FCC and is expected to close in the first half of 2021.
On January 4, 2021, we granted 100,000 stock options to the President of our New Media division. The fair value of the stock award was measured based on the grant date market price of our common shares.
Subsequent events reflect all applicable transactions through the date of the filing.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef