Market Overview

Gabelli & Company Reports on Gray Television (GTN)


Gabelli & Company expressed no recommendation in a report released today on Gray Television (NYSE: GTN).

Gabelli stated, “Gray reported fourth quarter results. Net revenues of $69.7 million, down just 1%. Local increased 1%, while national declined 7% largely reflecting the absence of the Olympics and an adverse Super Bowl shift together amounting to about $3.5 million. For 2Q2011, management guided toward a 2% decrease in net revenues, to about $74 million, with local up 4% and national increasing 1%. The company expects to earn base consulting revenues of $0.6 million in 2Q, but does not anticipate an incentive fee. We calculate a $4-5 per share PMV through the 2011-2012 political cycle.”

Gabelli & Company maintains no recommendation on the company. Shares of Gray Television closed the trading day on Friday at $2.43, up $0.02 from Friday's open price of $2.41.

Posted-In: Gabelli & Company Gray TelevisionAnalyst Color Analyst Ratings


Related Articles (GTN)

View Comments and Join the Discussion!

Latest Ratings

ELMDDougherty & Co.Initiates Coverage On12.0
MRNSCantor FitzgeraldAssumes7.0
MNRLCapital One FinancialInitiates Coverage On23.0
SONVertical GroupUpgrades
UNPMorgan StanleyMaintains136.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Updates- GrouponLive, Softbank, Volkswagen, Wal-Mart, Toshiba, AAPL, GOOG, LYV, WMT, DYN, MCD, UAL

UPDATE: Stifel Nicolaus Downgrades GSI Commerce to Hold (GSIC)