Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
ATLANTA - Gray Television Inc.'s first-quarter loss narrowed as higher political and online advertising boosted revenue, the television station operator said Friday.
| GTN | 0.35 |  0 |
Gray reported a loss of $3.9 million, or 8 cents per share, after posting a loss of $11.3 million, or 24 cents per share, in the year-ago period.
The loss was narrower than the 10 cents per share expected by analysts in a Thomson Financial poll.
Revenue rose 2 percent to $71 million from $69.7 million, boosted by higher political and online advertising. The company said its Web traffic rose after it posted more local content and promoted the sites more.
Analysts expected revenue of $70 million.
Gray TV shares rose 1 cent to $4.07 in midday trading.
The New York City will give 500 tickets for the ceremony on Thursday from 2:00 p.m. to 4:00 p.m. EST.
Online distributor for point of sale equipment, TYSSO and Pegasus.
Partners 
|
© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
