Broadcast Stocks Rise As Gray TV Joins ‘Retrans Will Grow’ Chorus

Maybe the sky isn’t falling on broadcast. Gray Television on Tuesday became the latest large station owner to stand up and tell Wall Street that business is good because the outlook for distribution revenues — including retransmission-consent fees — are expected to grow at a healthy rate. Nexstar Media Group made a similar presentation last week and a few days later E.W. Scripps said it expects 15% growth in distribution revenue and a 40% jump in net distribution dollars.