Gray TV reported preliminary results for the second quarter that...
Gray TV reported preliminary results for the second quarter that it said exceeded its own forecasts. Gray will more completely describe its finances when it reports earnings Aug. 8, but it disclosed some preliminary results Monday. Q2 sales gained 1…
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percent from a year earlier to $76.2 million, it said. Broadcast operating costs gained 4 percent to $47.9 million, while it cut its corporate and administrative costs 11 percent to $3.4 million. Local ad sales gained 4 percent to $4.9 million while political ad sales fell 59 percent to $2.3 million. Retransmission consent revenue gained 8 percent to $5.1 million, it said.