By Adam R Jacobson
RBR + TVBR
Gray Television Chairman/CEO Hilton Howell Jr. opened Wednesday’s Q4 and FY2016 conference call with Wall Street analysts by noting that he is “extremely happy” with his company’s results for both the final three months of 2016 and for the full year.
The owner and operator of TV stations saw its net income surge — thanks to political dollars — in Q4, rising 139% year-over-year to $35.8 million (49 cents per diluted share) from $15 million (21 cents).
The earnings came on Q4 revenue (less agency commissions) of $237.6 million, a rise from $169.5 in the year-ago period.