Broadcast
Gray TV’s Q4 sales fell 18 percent from a year earlier to $77.5 million, the company said as it released unaudited results for the quarter. Most of the decline came from selling political spots. It sold $22.4 million fewer of those than it had a year earlier. Gray’s credit rating is still limited by its strict debt covenants and the trouble it will have complying with them, Moody’s said. The share price fell 9.9 percent.
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National Emergency Alert System tests are long overdue, the Society of Broadcast Engineers said in comments filed with the commission. Without periodic national EAS tests, there’s no way to know how well the system will work during a wide-area emergency in which access to the public by the president is required, it said. But the commission should be careful not to impose too much financial burden on broadcasters through EAS regulations, it said. The system needs an overhaul, the New Jersey Broadcasters Association told FCC officials last week, an ex parte filing shows. “New Jersey is in urgent need of a new EAS system in that the one currently in place is archaic and simply doesn’t work very well,” it said. “Sometimes the messages go through and other times they don’t.”