With “record” Q3 results and a street beat for its Q3 earnings and revenue results, Gray Television has decided to expand its share repurchase authorization in a sizable way.
While share repurchases would be seen from time to time through 2023, the confidence in the company from the C-Suite sparked the publicly traded GTN, with an 8% rise seen in the first hour of trading on Thursday and a 5% rise at the closing bell.