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Gray Television cuts debt by $278M since October 1, raising repurchase authorization to $250M.
Gray Television has reduced its debt by $278 million since October 1, 2024, totaling $519 million in reductions since the start of the year.
The company's board has increased its debt repurchase authorization to $250 million, aiming to lower future interest expenses.
Gray Television, based in Atlanta, serves 113 TV markets, reaching about 36% of U.S. TV households.
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Gray Television recorta la deuda en $278M desde el 1 de octubre, elevando la autorización de recompra a $250M.