Gray Television, Inc. Buyback
OLI recorded this information on 11/8/2016
Gray Television, Inc.
Gray Television, Inc. ("Gray," "we," "us" or "our") (NYSE: GTN and GTN.A) announced today that its Board of Directors has authorized the Company to repurchase up to an additional $75 million of its outstanding common stock (NYSE:GTN) prior to December 31, 2019.
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)
(ranked higher than approx. 92% of all stocks covered)
Based on Zacks ABR data;
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