Gray Reports 28% Revenue Gain

By Andrew Gauthier 

Broadcasting & Cable

Gray Television posted $85.3 million in third quarter revenue, a healthy 28% increase over revenue posted in the third quarter last year. Some $16 million in political spending helped boost Gray.

The increase reflects “increases in political, local, national and internet advertising revenue, retransmission consent revenue, production and other revenue and consulting revenue,” Gray said in a statement. “Local, national and internet advertising revenue increased due to increased spending by advertisers in an improving economic environment.” More…