Gray TV Revenue Rises 50% in Q4

By Merrill Knox 

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Gray Television reported revenue of $126.6 million in 2012, an increase of +50% than the year ago quarter. It was a record for the company’s fourth quarter earnings.

The company reported an increase in retransmission consent revenue and Internet advertising revenue and a decrease in local and national advertising revenue, which the company attributed to available advertising time reserved by political ads.

Total revenue for the year was up 32% to $404.8 million.

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