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Gray Television Inc (GTN.N)

GTN.N on New York Stock Exchange

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22 May 2017
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Latest Key Developments (Source: Significant Developments)

Gray Television Inc files for potential mixed shelf offering
Friday, 12 May 2017 05:31pm EDT 

May 12 (Reuters) - Gray Television Inc ::Gray Television Inc files for potential mixed shelf offering, size not disclosed - sec filing.  Full Article

Gray Television to acquire WCAX-TV
Thursday, 4 May 2017 10:00am EDT 

May 4 (Reuters) - Gray Television Inc :Gray to acquire WCAX-TV in Burlington, Vermont.Deal for $29.0 million.Gray Television Inc - anticipate that transaction will be leverage neutral, immediately free cash flow accretive.Gray Television-deal will be funded primarily through use of cash on hand at closing and, if necessary, borrowings under existing senior credit facility.  Full Article

Gray Qtrly earnings per share $0.14
Thursday, 4 May 2017 06:45am EDT 

May 4 (Reuters) - Gray Television Inc ::Gray reports record operating results.Q1 revenue $203.9 million versus I/B/E/S view $194.9 million.Qtrly earnings per share $0.14.Sees q2 2017 revenue up about 0 to 2 percent.Sees q2 revenue of $218 million to $223 million.Q1 earnings per share view $0.06, revenue view $194.9 million -- Thomson Reuters I/B/E/S.Q2 revenue view $216.3 million -- Thomson Reuters I/B/E/S.Q2 revenue view $216.3 million -- Thomson Reuters I/B/E/S.  Full Article

Gray Television CEO Hilton Howell's FY 2016 total compensation was $5.5 mln
Wednesday, 22 Mar 2017 12:29pm EDT 

Gray Television Inc :CEO Hilton Howell's fy 2016 total compensation $5.5 million versus $4.9 million in fy 2015 - sec filing.  Full Article

Gray completes refinancing of senior credit facility
Tuesday, 7 Feb 2017 04:31pm EST 

Gray Television Inc : Gray completes refinancing of senior credit facility .Gray Television Inc- Refinancing is expected to reduce cash interest expense by approximately $3.8 million annually.  Full Article

Gray announces proposed refinancing of senior credit facility
Friday, 20 Jan 2017 09:00am EST 

Gray Television Inc : Gray announces proposed refinancing of senior credit facility; updates guidance for 4th quarter 2016 . Gray Television -extension of its revolving credit facility to February 2022 from current July 2020 maturity .Gray television inc says extension of existing $556.4 million term loan maturity to February 2024 from current June 2021 maturity.  Full Article

Gray Q2 basic earnings per share $0.25
Thursday, 4 Aug 2016 08:00am EDT 

Gray Television Inc : Gray reports record operating results . Q2 revenue $196.6 million versus I/B/E/S view $196.3 million . Q2 basic earnings per share $0.25 . Sees Q3 2016 revenue up about 22 to 26 percent .Sees Q3 2016 revenue about $223 million to $231 million.  Full Article

Gray Television proposes private placement of $425 mln of senior notes
Tuesday, 7 Jun 2016 08:54am EDT 

Gray Television Inc : Gray Television announces proposed private placement of $425.0 million of senior notes due 2026 . Gray Television Inc says notes will be company's senior unsecured obligations .Intends to use proceeds from offering, and cash on hand, to repay outstanding term loan entered into in February 2016.  Full Article

Gray Television sees ending 2016 with low total leverage ratio
Friday, 3 Jun 2016 09:00am EDT 

Gray Television Inc : Gray to acquire #1 ranked television stations in green bay and davenport markets . Addition of mid-market television stations will be immediately free cash flow accretive . Gray may also consider opportunistically accessing debt markets to fund deal . Including expected operational synergies, stations expected to produce 2-year blended broadcast cash flow margins greater than 50 percent . Has capacity to close transaction primarily through use of cash on hand at closing .Sees ending 2016 With Low Total Leverage Ratio, Net Of Cash, in range of 4.5 to 4.7 times on a trailing eight-quarter basis.  Full Article

Nexstar Broadcasting to divest two stations for $270 mln
Friday, 3 Jun 2016 09:00am EDT 

Nexstar Broadcasting Group Inc : Nexstar Broadcasting enters into definitive agreement to divest two stations in two markets for $270 million . Agreement to sell WBAY-TV, and KWQC-TV, to Gray Television Group Inc. . Nexstar Broadcasting enters into definitive agreement to divest two stations in two markets for $270 million .Divestiture reflects co's intention to obtain FCC and Department Of Justice approval of proposed Nexstar / Media General transaction.  Full Article

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BRIEF-Gray Television Inc files for potential mixed shelf offering

* Gray Television Inc files for potential mixed shelf offering, size not disclosed - sec filing Source text (http://bit.ly/2rbiHU7) Further company coverage: