|9 Months Ended|
Sep. 30, 2023
|Subsequent Events [Abstract]|
NOTE 16. SUBSEQUENT EVENTS
On November 6, 2023 we sold radio stations
WLTE-FMin Greenville, South Carolina for $6.8 million. The $5.1 million carrying value of the assets were reclassed as held for sale as of September 30, 2023.
On October 17, 2023 we entered into an agreement to sell land in Sarasota, Florida for $9.5 million. The closing is conditional upon getting the property rezoned, and we expect to close the sale in late 2024.
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