Gray Shares Slide Despite Largely Healthy Quarter

0

Here’s the good news for Gray Television shareholders: “Record operating revenues” were seen in the three months ending March 31, the company announced on Wednesday (5/8).


Of course, there’s more to the story, such as a swing to a net loss tied to its Raycom Media merger.

However, as Gray explains, when those transaction-related costs are excluded, quarterly earnings were seen.

Perhaps investors didn’t get the message.

Please Login to view this premium content. (Not a member? Join Today!)