Gray Television, Inc. Announces Repurchase of Common Stock
November 25 2008 - 7:00AM
PR Newswire (US)
ATLANTA, Nov. 25 /PRNewswire-FirstCall/ -- Gray Television, Inc.
(NYSE: GTNNYSE:andNYSE:GTN.A) announced today that on November 21,
2008, it repurchased 883,200 shares of Gray common stock (NYSE:GTN)
at a purchase price of $0.20 per share plus commission in the open
market. This repurchase was made under an existing repurchase
authorization previously approved by Gray's Board of Directors.
Gray can purchase an additional 279,200 shares of Gray common stock
and/or Gray Class A common stock under this authorization in the
future. 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 39 digital
second channels including 1 ABC, 5 Fox, 7 CW and 16 MyNetworkTV
affiliates plus 8 local news/weather channels and 2 "independent"
channels in certain of its existing markets. DATASOURCE: Gray
Television, Inc. CONTACT: Bob Prather, President, +1-404-266-8333,
or Jim Ryan, Chief Financial Officer, +1-404-504-9828, both of Gray
Television, Inc. Web site: http://www.gray.tv/
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