The media giant, which is saddled with a hefty debt load following the close of its merger last year, has been working to cut costs and make its streaming business profitable. The financial update, announced Wednesday, had been overshadowed by the turmoil at its news outlet CNN, where CEO Chris Licht was ousted.
Gray Television said today that “in light of continued strong cash flow,” for the second quarter in a row, Gray Television returned “a significant amount of capital” to its shareholders […]
