Gray Television, Inc. Announces Declaration of Dividend
March 14 2007 - 5:43PM
PR Newswire (US)
ATLANTA, March 14 /PRNewswire-FirstCall/ -- Gray Television, Inc.
(NYSE:GTNNYSE:andNYSE:GTN.A) announced that its Board of Directors
has declared a dividend of $.03 per share, payable on March 30,
2007, to stockholders of record of its Common Stock and Class A
Common Stock on March 23, 2007. This is the 40th consecutive year
that Gray has paid a common stock cash dividend. Gray's Board of
Directors also declared a dividend of $200 per share, payable on
March 30, 2007, to stockholders of record of its Series C Preferred
Stock on March 15, 2007. Gray Television, Inc. is a television
broadcast company headquartered in Atlanta, GA. Gray currently
operates 36 television stations serving 30 markets. Each of the
stations are affiliated with either CBS (17 stations), NBC (10
stations), ABC (8 stations) or FOX (1 station). In addition, Gray
currently operates 36 digital second channels including 1 ABC, 5
Fox, 7 CW and 15 MyNetworkTV affiliates plus 6 local news/weather
channels and 2 "independent" channels in certain of its existing
markets. Gray intends to start an additional 4 digital second
channels during 2007 including 1 CW affiliate, 1 MyNetworkTV
affiliate and 2 local news/weather channels. For information
contact: Bob Prather Jim Ryan President Chief Financial Officer
(404) 504-9828 (404) 504-9828 DATASOURCE: Gray Television, Inc.
CONTACT: Bob Prather, President, or Jim Ryan, Chief Financial
Officer, both of Gray Television, Inc., +1-404-504-9828 Web site:
http://www.gray.tv/
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