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Meredith chief buys 12,000 shares

Sep. 09, 2019 1:56 PM ETGray Television, Inc. (GTN) StockGTNBy: Jason Aycock, SA News Editor6 Comments
  • Responding to Thursday's stock decline brought on by a guidance reset, Meredith (MDP +0.5%) CEO Tom Harty is buying shares.
  • The company says Harty bought 12,000 shares today at an average price of $35.02 each, an outlay of about $420,240.
  • It brings his overall holdings of stock/stock equivalents to nearly 100,000 shares.
  • "Over the last 18 months we have positioned Meredith for long-term revenue and profit growth," Harty says. "Personally, I do not believe our current share price reflects our potential, and that's why I continue to invest personal funds in company shares."

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