An Exciting Year Ahead for Gray Television – Insider Weekends
Key Insights:
- Gray Television is the nation’s second-largest television broadcaster and currently serves 117 television markets, reaching 36% of US television households.
- After a large drop in stock price over the last few months, Chairman and CEO Hilton Howell Jr, who has served as CEO since 2008, made a small purchase for a total of $80,934.
- The company had a weak fiscal 2023, with total revenue declining by 11% YoY to $3.3 billion and reported a net loss of $76 million for the year.
Gray Television Inc. (GTN): $5.97
Market Cap: $611.01 M
Enterprise Value: $7.48 B
Gray Television is a multimedia corporation headquartered in Atlanta, Georgia. Founded in 1946, the company has grown to become the nation’s second-largest television broadcaster and currently serves 117 television markets, reaching 36% of US television households. The company has a strong hold over local news, owning the most #1 ranked local news television stations of any broadcaster.
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