Movers and SHAKERS
Gray Television Inc. (GTN)
Putting The Pieces Together To Close On Meredith
Gray Television, Inc. operates as a television broadcast company in the United States. As of April 6, 2010, it operated 36 television stations in 30 markets, including 17 affiliated with CBS Inc.; 10 affiliated with the National Broadcasting Company, Inc.; 8 affiliated with the American Broadcasting Company (ABC); and 1 affiliated with FOX Entertainment Group, Inc. (FOX). The company also operated 39 digital second channels comprising 1 affiliated with ABC, 4 affiliated with FOX, 7 affiliated with CW Network, LLC, 18 affiliated with Twentieth Television, Inc., 2 affiliated with Universal Sports Network, and 7 local news/weather channels. Gray Television, Inc. was founded in 1897 and is headquartered in Atlanta, Georgia.
Michael Kupinski, Director of Research, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Updates Q3 Guidance. The updated Q3 guidance was an increase from original guidance that included the Quincy acquisition and divestitures on August 2. Total company revenues are expected to be in the range of $590 million to $600 million, an increase from the previous guidance range of $571 million to $581 million.
Revise Q3 estimates upward. We are increasing our Q3 revenue estimate from $579 million to $600 million at the higher end of the company's guide. Based on expense guidance, we are tweaking upward our Adj. EBITDA from $177 million to...
This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.