Gray Television, Inc. Buyback
OLI recorded this information on 11/5/2020
Gray Television, Inc.
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 television broadcast company that owns television stations and digital assets. Co. owns and/or operates television stations in various television markets. Co. also owns video program production, marketing, and digital businesses including Raycom Sports, Tupelo-Raycom, and RTM Studios, the producer of PowerNation programs and content. In addition, Co.'s secondary channels are affiliated with various smaller networks and program services including, among others, the CW Network or the CW Plus Network, MY Network, and the MeTV Network. Co. also broadcasts independent and local news/weather channels in some markets.
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Strong Buy (4.00 out of 4)