Annual report pursuant to Section 13 and 15(d)

Subsequent Events

v3.22.0.1
Subsequent Events
 12 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events
NOTE 20. SUBSEQUENT EVENTS
On February 15, 2022, we closed on the acquisition of
WLCC-AM
in Brandon, Florida for $600,000 in cash.
On January 12, 2022, we repurchased $2.5 million of the 2024 Notes at 101.25% of face value recognizing a loss of $53,000.
On January 10, 2022, we closed on the sale of 4.5 acres of land in Phoenix, Arizona
for
 $2.0 million in cash. We recorded a
pre-tax
gain of $1.8 million on the sale and have access to the land for
90-days
to relocate our transmitter equipment for
KXXT-AM.
Subsequent events reflect all applicable transactions through the date of the filing.