And what we can only see as a sign of improving economy in our core advertising categories, our 5 largest local and national advertising categories all increased. Automotive increased by 8%, restaurants increased also by 8%, medical increased by 15%, communications increased by 17% and furniture and appliances increased by 5%. These excellent results led to net income of $2.2 million or $0.04 per share for the quarter compared to a loss of $4.9 million or $0.09 per share last year.In our last conference call, we said that we expected robust and likely record revenue growth and earnings for the year, and our results today have, we believed, confirmed our confidence. The Super Bowl on NBC produced about $600,000 in increase for Gray compared to last year's Super Bowl broadcast on the FOX network. Further, we believe that the NBC broadcast of the Summer Olympics from London will be a certain ratings winner for the network and for Gray's 10 NBC stations this summer. And obviously, we expect continued record-setting political advertising in this presidential election year.
Gray Television's CEO Discusses Q1 2012 Results - Earnings Call Transcript
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