Gray Media Q4 Earnings Call Highlights

Management emphasized that Gray’s Net Retransmission Revenue —retransmission revenue less network affiliation fees—“returned to growth” in the fourth quarter compared with the prior-year period. Howell described the improvement as a sign of progress in the company’s multiyear effort to create a more sustainable model amid changing subscriber trends.Political advertising was a contributor even in what management characterized as an off-cycle period. Howell said political advertising revenue totaled $12 milli ...