Gray Television (GTN) Misses Q2 EPS by 3c

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Gray Reports Second Quarter Operating Results

August 6, 2020 6:01 AM EDT

ATLANTA, Aug. 06, 2020 (GLOBE NEWSWIRE) -- Gray Television, Inc. (Gray, we, us or our) (NYSE: GTN) today announced financial results for the second quarter ended June 30, 2020. The impact of the novel coronavirus and its disease (collectively, COVID-19) on economic activity significantly impacted our revenues and results for the second quarter and first half of 2020. Nevertheless, despite these macroeconomic challenges, over the first half of this year, we increased our cash on hand by $167 million and repurchased $49 million of our common stock. Key financial results are as follows:

Our revenue for the second... More