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Gray Television Sinking Stock

Gray’s stock is hovering near a 52 week low and looking at the chart for the past 3 months, you see the stock has been heading south.

Gray is not blowing up its stations like Scripps is, and sources tell FTVLive that the company is putting more focus on under performing stations.

Gray needs to focus on doing solid journalism as Scripps and Sinclair have basically given up on that.

We think that Gray can recover their stock price, where we don’t see the same with Scripps.

If I was a betting man, I think Scripps board will be taking some action in the near future to try and turn the sinking ship around.

Stay tuned…

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