Gray Television Inc (NYSE:GTN)
$ 3.15 0.18 (6.06%) Market Cap: 352.78 Mil Enterprise Value: 6.88 Bil PE Ratio: 2.10 PB Ratio: 0.35 GF Score: 76/100
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Gray Television Inc at Deutsche Bank Media and Telecom Conference Transcript

Mar 12, 2019 / 03:55PM GMT
Release Date Price: $23.18 (+4.09%)
Unidentified Analyst

All right. Great. Thanks, everyone, and good afternoon. We're very happy to have Kevin Latek from Gray Television. Kevin is the Executive Vice President and Chief Legal and Development Officer. And so, Kevin, thanks. I thought we might start -- you disclosed on Raycom a couple of months ago. Wondering, if we can maybe just start at a high level, how you think Gray is now positioned perhaps relative to Gray 3D own and how the integration is progressing?

Kevin P. Latek
Gray Television, Inc. - Executive VP, Chief Legal & Development Officer and Secretary

Right. So Gray, we're very proud of Gray. Before the transition, we reached over more than 10% of the U.S. We have consistently had the highest margins in the business, apparently the highest retrans rates in the business. We have the most efficient stations in the business. So all that data is really good and flattering. We had Raycom and, by definition all those numbers come down because we're #1 and we have to -- it comes down when you merge with someone who has a lower number. Our challenge

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