Gray Television (GTN) Withdraws Guidance for Net Political Advertising Revenue
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Gray Addresses Political Guidance
September 20, 2016 5:45 PM EDTATLANTA, Sept. 20, 2016 /PRNewswire/ -- Gray Television, Inc. ("Gray," "we," "us" or "our") (NYSE: GTN and GTN.A) today withdrew its guidance for net political advertising revenue for the three-month period ending September 30, 2016 ("third quarter") and for the three-month period ending December 31, 2016 ("fourth quarter").
Net revenue, excluding political revenue, appears likely to meet the previously issued guidance for the third quarter of 2016.Â
While political revenue remains significant, Gray stations are receiving political advertising orders later than usual and current orders... More
