New Q3 guidance and a senior note offering have been issued by Gray Television and Moody’s Investors Service believes the offering, considered in tandem with Gray’s responsible operational strategies and strong geographic profile are worth a new and improved rating.
Gray is expecting to earn significantly less revenue when the final Q3 check is deposited and tallied – and it can pretty much be laid at the doorstep of the two-year on-and-off political advertising roller coaster upon which the television industry rides.
