Previous Statements by GTN
» Gray Television's CEO Discusses Q4 2010 Results - Earnings Call Transcript
» Gray Television, Inc. Q1 2010 Earnings Call Transcript
» Gray Television, Inc. Q3 2009 Earnings Call Transcript
As rules on station ownership have loosened, Tegna is the biggest potential target around.
Tegna and Gray shares were falling after the Republican-controlled FCC was dealt a setback by a federal appeals court.
Media stocks outperformed the broad market in the first quarter, but the jump in valuation may have had more to do with peripherals like politics than fundamentals of the business.
The FCC under former Verizon official Ajit Pai took the first step on Thursday to reinstate a rule favored by the country's largest television station owners.