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Gray Television Has Surpassed $400 Million in Net Political Advertising Revenue for 2020
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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 $400 million in political advertisements since January 1, 2020, net of commissions and agency fees.
Since Election Day, November 3rd, Gray’s local television stations and digital platforms serving communities in the State of Georgia have run approximately $20 million (net) in political campaign and political issue advertisements related to the two run-off election races for U.S. Senate seats in Georgia. Gray expects political advertisements for these two races will continue running through January 5, 2021, the date of the special elections. As a result, Gray’s total net political revenue for the calendar year 2020 will exceed the $400 million level that was crossed yesterday.
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.
gray television is a television broadcast company headquartered in atlanta, georgia, that owns and/or operates television stations and leading digital assets in markets throughout the united states. gray owns and operates television stations in 44 television markets broadcasting 139 program streams including 76 affiliates of the big four networks (abc, cbs, nbc and fox). gray's owned and/or operated stations include 26 channels affiliated with the cbs network, 24 channels affiliated with the nbc network, 16 channels affiliated with the abc network and 10 channels affiliated with the fox network. the company owns and operates the number-one ranked television station in 29 of those 44 markets and the number-one or number-two ranked television station operations in 40 of those 44 markets. gray reaches approximately 8.1 percent of total united states television households.
