Gray Television: Bumpy Ride But Thesis Intact

jamievanbuskirk Gray Television (NYSE:GTN) recently reported mixed second-quarter results, which led to a severe decline in GTN's stock price (Figure 1). GTN - Gray Television, Inc. $4.49 -0.77 (-14.64%) 4:00 PM 08/08/24 Figure 1 - GTN shares sold off on a mixed Q2 result (Seeking Alpha) However, going through the details of the quarter, I still see much to like about Gray Television and believe the decline may have been an overreaction. While GTN did guide down on full-year core advertising revenues, the d ...