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Fly News Breaks for June 25, 2018
GTN
Jun 25, 2018 | 14:12 EDT
Barrington analyst James Goss said that, assuming no divestures are required outside of overlap markets, the combined Gray Television and Raycom would reach 24% of TV households and will make Gray the number three broadcast television group. Following the "transformative" transaction, Gray will also continue to lead the industry in terms of political revenue per household, noted Goss, who reaffirms his Outperform rating and $19 price target on Gray shares.
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