Gray Television (GTN) Misses Q3 EPS by 13c
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Gray Announces $75 Million Share Repurchase Authorization
November 8, 2016 8:01 AM ESTATLANTA, Nov. 8, 2016 /PRNewswire/ -- Gray Television, Inc. ("Gray," "we," "us" or "our") (NYSE: GTN and GTN.A) announced today that its Board of Directors has authorized the Company to repurchase up to an additional $75 million of its outstanding common stock (GTN) prior to December 31, 2019.
This authorization is in addition to existing authorization for the Company to repurchase up to an aggregate of 5,000,000 shares of its common stock and Class A common stock at such times as management deems appropriate, subject to any contractual or... More
Gray Reports Record Operating Results Despite Disappointing Political Revenue
November 8, 2016 8:00 AM ESTATLANTA, Nov. 8, 2016 /PRNewswire/ --Â Gray Television, Inc. ("Gray," "we," "us" or "our") (NYSE: GTN and GTN.A) today announces record-setting results of operations for the three-months ended September 30, 2016 (the "third quarter of 2016"), including record revenue and Broadcast Cash Flow. Despite inventory displacement resulting from political advertising and the Olympic games, our core revenue was flat compared to the same period in 2015. Moreover, adjusting for the impact of acquisitions and financing transactions, Gray continues to post organic revenue growth while maintaining solid expense... More
