Top Railroad Stocks For 2015

Top Railroad Stocks For 2015: Gray Television Inc (GTN)

Gray Television, Inc. (Gray), incorporated on January 25, 1897, is a television broadcast company. The Company owns and operates television stations broadcasting 40 primary channels and 45 secondary channels in 30 television markets. 19 of the primary channels and one secondary channel are affiliated with the CBS Network owned by CBS Inc. (CBS), 10 primary channels are affiliated with the NBC Network owned by National Broadcasting Company, Inc. (NBC), eight primary channels and one secondary channel are affiliated with the ABC Network owned by American Broadcasting Company (ABC), and three primary channels and two secondary channels are affiliated with the FOX Network owned by the FOX Broadcasting Company (FOX). The Company also broadcasts 9 local news/weather channels in certain of its existing markets. In February 2013, the Company acquired KSNB-TV. In November 2013,

Gray Television, Inc announced that it consummated its announced acquisition from News-Press & Ga zette Company (NPGCo) of the non-license assets of KJCT(TV) and associated low power television stations broadcasting ABC, CW, Telemundo, and local programming.

All of the Companys stations broadcast primary channels that are affiliated with major networks. In addition to the primary channels, the majority of Grays stations also broadcast secondary digital channels that are affiliated with various networks. The Company s operating revenues are derived primarily from broadcast and Internet advertising and from other sources such as production of commercials, tower rentals, retransmission consent fees and management fees. Television station revenue is derived primarily from local, regional and national advertising. Advertising revenues consists of the primary source of revenues for the Companys stations.

The Company competes with Two And A Half Men and Jeopardy.

Advisors' Opinion:

• [By Seth Jayson]

  Gray Te! levision (NYSE: GTN  ) reported earnings on May 2. Here are the numbers you need to know.

  The 10-second takeaway
  For the quarter ended March 31 (Q1), Gray Television beat slightly on revenues and beat expectations on earnings per share.

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