Gray Shares Slide Despite Largely Healthy Quarter


Here’s the good news for Gray Television shareholders: “Record operating revenues” were seen in the three months ending March 31, the company announced on Wednesday (5/8).

Of course, there’s more to the story, such as a swing to a net loss tied to its Raycom Media merger.

However, as Gray explains, when those transaction-related costs are excluded, quarterly earnings were seen.

Perhaps investors didn’t get the message.

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