Gray Television, Inc. Announces Declaration of Dividend and Approval of All Proposals Submitted to a Vote at Its Annual Sharehol
May 26 2004 - 5:06PM
PR Newswire (US)
Gray Television, Inc. Announces Declaration of Dividend and
Approval of All Proposals Submitted to a Vote at Its Annual
Shareholder Meeting ATLANTA, May 26 /PRNewswire-FirstCall/ -- Gray
Television, Inc. (NYSE: GTN; GTN.A) announced today that its Board
of Directors has declared a dividend of $.03 per share, payable on
June 30, 2004, to stockholders of record of its Common Stock and
Class A Common Stock on June 15, 2004. This is the 37th consecutive
year that Gray has paid a common stock cash dividend. Gray further
announced today that all three proposals submitted to a vote at its
annual shareholder meeting were approved. Gray's Board of Directors
also declared a dividend of $200 per share, payable on June 30,
2004, to stockholders of record of its Series C Preferred Stock on
June 15, 2004. Gray Television, Inc. is a communications company
headquartered in Atlanta, Georgia, and currently owns 29 television
stations serving 25 television markets. The stations include 15 CBS
affiliates, seven NBC affiliates and seven ABC affiliates. Gray
Television, Inc. has 22 stations ranked #1 in local news audience
and 22 stations ranked #1 in overall audience within their
respective markets based on the average results of the 2003 Nielsen
ratings reports. The TV station group reaches approximately 5.3% of
total U.S. TV households. The Company also owns five daily
newspapers, four in Georgia and one in Indiana. 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.graytvinc.com/
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