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Stock impact report

Why Gray Television (GTN) Shares Are Sliding Today [Yahoo! Finance]

Gray Television, Inc. (GTN) 
Last gray television, inc. earnings: 2/27 06:30 am Check Earnings Report
US:NYSE Investor Relations: gray.tv/index.php?page=financial-reports
Company Research Source: Yahoo! Finance
Dish Network dropped the company's television stations for the first time in its history following a breakdown in negotiations. The move resulted in a blackout of 226 local channels across 113 markets for DISH TV customers. The two companies presented conflicting reasons for the dispute. Gray Television stated that after months of talks, Dish insisted on a 'materially adverse provision' that was inconsistent with marketplace conditions and unlike any term in Gray's agreements with its other 400 distribution partners. Conversely, Dish claimed it refused to accept 'unreasonable rate increases' proposed by Gray, which would have increased monthly bills for consumers. This was the first time Gray's signals had been dropped by a satellite operator. The shares closed the day at $5, down 4.8% from previous close. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Gray Television? Access our full ana Show less Read more
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