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Gray Television (GTN)
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).
- Record quarter. The company exceeded our Q4 adj. cash flow (EBITDA) expectations on record revenues, bolstered by higher than expected political revenues of $83.2 million versus our $81.6 million estimate. The company also highlighted the Raycom acquisition, expected cost synergies, and provided 1Q 2019 guidance.
- Q4 Revenue and EBITDA
come in strong. Record revenues in Q4 2018 of $328.2 million exceeded
our estimates of $321.1 million. Full year 2018 revenues were $1.084 billion.
Q4 Adj. EBITDA of $163.5 million beat expectations by 5.4% compar...
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