Gray Television, Inc. Buyback
OLI recorded this information on 11/5/2020
Company:
Gray Television, Inc.
Buyback:
GTN buyback
$Amount Authorized:
$150,000,000
Buyback Details:
Gray Television, Inc. ("Gray," the "Company," "we," or "our") (NYSE: GTN and GTN.A) announced today that its Board of Directors has authorized an expansion of Gray's share repurchase authorization for up to an additional $150 million of outstanding common stock (NYSE:GTN) and/or Class A common stock (GTN.A) through December 31, 2023. This additional authorization increases the total capacity under Gray's share repurchase program to $220 million when combined with the approximately $70 million remaining under its previous authorization.
Gray Television is a holding company. Through its subsidiaries, Co. is a multimedia company. Co. is an owner of local television stations and digital assets in the U.S. Co.'s television stations serve 113 television markets. Co. also owns video program companies, Raycom Sports, Tupelo Honey, PowerNation Studios and Third Rail Studios. Co. has investments in several television, production and technology companies. Co. has two types of syndicated television program contracts: first run programs and off network reruns. First run programs are programs such as Wheel of Fortune and off network reruns are programs such as The Big Bang Theory.
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Buy (2.80 out of 4) 17th percentile
(ranked lower than approx. 83% of all stocks covered)
Analysts' Target Price: GTN Stock Forecast Based on Zacks ABR data; powered by Xignite |