Compared to other publicly traded broadcast media companies, Gray Television has seen its stock settle into a clear range situation between $13.50 and $15.50 per share, following a COVID-19 fueled dip below $10 seen in April.
With that stability in its share price, and Q3 earnings due Nov. 5 that could fall in lockstep with a broadcast TV revenue rebound, Gray has initiated a more-than half-billion-dollar offering of senior notes due 2030.
