Gray Beats the Street With a Sea of Green

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“Today, once again, we reported a strong finish to 2022,” Gray Television Chairman and co-CEO Hilton Howell Jr. said as he opened the company’s Q4 and full-year earnings call on Friday morning.


Record political advertising in a mid-term cycle helped Gray, in particular, across 2022, with some $515 million coming to the broadcast television company. This exceeded 2018’s full-year political dollars by 232% on an as-reported basis.

How did Gray perform in the final three months of 2022?

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