Gray Television Sees FY24 Core Advertising Revenues ~$1.525B, Down From Prior Guidance Of $1.6B
Portfolio Pulse from Benzinga Newsdesk
Gray Television has revised its FY24 core advertising revenue guidance to approximately $1.525 billion, down from the previous estimate of $1.6 billion.
August 08, 2024 | 10:03 am
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Gray Television has lowered its FY24 core advertising revenue guidance to approximately $1.525 billion, down from the previous estimate of $1.6 billion. This revision indicates potential challenges in the advertising market or company-specific issues.
The downward revision in revenue guidance suggests that Gray Television may be facing challenges in achieving its previously set targets. This could be due to a softer advertising market or company-specific issues, which may negatively impact investor sentiment and the stock price in the short term.
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