Gray Television Inc (GTN)
27 Sep 2016
Sept 21 Nexstar Broadcasting Group Inc has already booked orders for more than two-thirds of its 2016 political ad spending target, Chief Executive Officer Perry Sook said on Wednesday, but he stopped short of raising the goal.
* Says board of directors unanimously voted to expand board by one seat Source text for Eikon: Further company coverage:
* Net revenue, excluding political revenue, appears likely to meet previously issued guidance for Q3 of 2016.
* Announces Pricing Of $525.0 Million Of 5.125% Senior Notes Due 2024 And $200.0 Million Of Add-On senior notes due 2026
* Gray commences cash tender offer for 7.5 pct senior notes due 2020 Source text for Eikon: Further company coverage:
* Q2 revenue $196.6 million versus I/B/E/S view $196.3 million
* Says Board of Directors unanimously voted to expand board by one seat and elected Luis A. Garcia as a director
* Gray to acquire #1 ranked television stations in green bay and davenport markets
* Anticipate that acquisition will be immediately free cash flow accretive to Gray Source text for Eikon: Further company coverage:
* It has made a $3 million strategic equity investment in Syncbak Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)
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