Gray announces retrans progress


Gray Television announced that it has reached agreements in principal on the basic economic terms of retransmission consent agreements with 20 large cable operators involving approximately 2.4 million in-market cable subscribers. In addition, the company said it has reached numerous agreements in principal with smaller cable operators.

The agreements with the large MSOs are expected to bring in about $8.4 million of incremental cash retrans revenue for 2009. 2008 retrans revenues are projected to be only $3 million.