Gray Television (GTN) Misses Q4 EPS by 1c

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Gray Reports Record Operating Results

March 1, 2017 6:55 AM EST

ATLANTA, March 1, 2017 /PRNewswire/ -- Gray Television, Inc. ("Gray," "we," "us" or "our") (NYSE: GTN and GTN.A) today announces record results of operations for the full year and three-months ended December 31, 2016 (the "fourth quarter of 2016"), including record revenue, political revenue, net income and Broadcast Cash Flow (a non-GAAP financial measure, defined below). Moreover, adjusting for the impact of acquisitions, financing transactions and related costs, Gray continues to post organic revenue growth while maintaining solid expense controls. Please see our Financial Highlights, As-Reported Basis provided below.

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