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.

November 20, 2024
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