Movers and SHAKERS
Gray Television Inc. (GTN)
A Peachy Political Outlook
Gray Television, Inc. operates as a television broadcast company in the United States. As of April 6, 2010, it operated 36 television stations in 30 markets, including 17 affiliated with CBS Inc.; 10 affiliated with the National Broadcasting Company, Inc.; 8 affiliated with the American Broadcasting Company (ABC); and 1 affiliated with FOX Entertainment Group, Inc. (FOX). The company also operated 39 digital second channels comprising 1 affiliated with ABC, 4 affiliated with FOX, 7 affiliated with CW Network, LLC, 18 affiliated with Twentieth Television, Inc., 2 affiliated with Universal Sports Network, and 7 local news/weather channels. Gray Television, Inc. was founded in 1897 and is headquartered in Atlanta, Georgia.
Michael Kupinski, Director of Research, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Updates Political Estimate. Management indicated that Political advertising will be a strong $400 million plus for the full year 2020. The company crossed the $400 million mark yesterday, and Political continues to pour in. This implies that the fourth quarter will have a record breaking $215 million plus in Political.
Georgia on its mind. The updated forecast is the result of an influx of Political advertising from the Senate run-offs in Georgia, which has gained National attention as the election holds the outcome of the balance of power in the U.S. Senate. The company's stations cover Augusta, Albany, Columbus, Savannah, and Thomasville, Georgia. Notably, the company picked up WALB in Albany, WTOC-Savannah ...
This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.