Gray Television Profits more than $400 million

Sterling A. Spainhour, Jr.

It was a good quarter for Gray Television as the company reported their 4th quarter earnings.

Gray says that they posted revenue of $792 million in the period.

For the year, the company reported a profit of $410 million, or $3.69 per share. Revenue was reported as $2.38 billion.

The company also announced that the Board of Directors unanimously voted to expand the Board by one seat and elected Sterling A. Spainhour, Jr. as an independent Director to fill that position.

Gray is currently waiting on FCC approval in its purchase of the Quincy stations.

Word is that Gray is still actively looking to buy more stations.