Gray Television Has Surpassed $400 Million in Net Political Advertising Revenue for 2020
Rhea-AI Summary
Gray Television, Inc. (GTN) announced that its local television stations and digital platforms have run over $400 million in political advertisements since January 1, 2020, net of commissions and fees. Following the November 3rd Election Day, approximately $20 million in political ads have been aired for the Georgia Senate run-off elections, expected to continue through January 5, 2021. This uptick will contribute to exceeding $400 million in total net political revenue for 2020. Gray operates in 94 markets and has the highest rated stations in numerous regions.
Positive
- Total political ad revenue for 2020 expected to exceed $400 million.
- Approximately $20 million in political ads for Georgia Senate run-offs since Election Day.
- Strong market presence with the number-one rated station in 68 markets.
Negative
- None.
News Market Reaction – GTN
In the trading session that priced this news, GTN declined 2.98%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Atlanta, Ga, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) today announced that its local television stations and digital platforms have now run more than
Since Election Day, November 3rd, Gray’s local television stations and digital platforms serving communities in the State of Georgia have run approximately
Gray owns local television station and leading digital platforms serving the local markets of Savannah, Augusta, Albany, Columbus, and Thomasville, Georgia. In total, Gray owns and/or operates television stations and leading digital properties across 94 television markets, including the number-one rated television station in 68 markets and the first or second highest rated television station in 86 markets.
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