Gray Television (GTN) Tops Q4 EPS by 14c, Revenues Beat

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Gray Reports Record Operating Results

February 28, 2019 6:47 AM EST

ATLANTA, Feb. 28, 2019 (GLOBE NEWSWIRE) -- Gray Television, Inc. (Gray, we, us or our) (NYSE: GTN) today announces record results of operations for the three-months and full year ended December 31, 2018, including strong net income and record revenue and Broadcast Cash Flow (a non-GAAP financial measure, defined below). Our diluted net income per share for the fourth quarter of 2018 was $1.00. Excluding the $8.5 million of transaction costs discussed below, our adjusted diluted net income per share would have been $1.06 in the fourth quarter of 2018.

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