Gray Television: Current Profitability Might Not Sustain

Nov. 17, 2022 9:26 AM ETGray Television, Inc. (GTN)3 Comments


  • Network affiliate agreements with the big four broadcast networks that contribute significantly to the revenue are going to expire at various dates through December 2024.
  • Also, due to its presence in the declining market, the company might face trouble in obtaining debt financing.
  • The current profit margin and revenue might not be sustainable in upcoming years, because the growth was primarily led by the election period.

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Gray Television (NYSE:NYSE:GTN) is the nation's largest owner of top-rated local television stations in the United States, which operates in 113 television markets representing about 36% of the total US television households.

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