Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

E_K_S

To: Sean Collett who wrote (75171)	2/23/2024 8:28:03 AM
From: Sean Collett	1 Recommendation Read Replies (1) of 78758

RE: GTN Fourth quarter revenue finished at $864MM and core advertising revenue grew 2%. Their total revenue increased by $143MM over 2021, their most recent non-political year but was down 19% from the fourth quarter 2022, a non-political year. Retransmission revenue grew 3% over the fourth quarter of 2022. On February 8th, 2024 they completed the sale of Broadcast Music which they received $110MM in cash and used $50MM to pay the amount outstanding on the revolver and will use the rest for general corporate purposes. They also extended their credit facility where $552.5MM matures on December 31st, 2027 and $72.5MM matures on December 1st, 2026. Net loss of $0.24/s and broadcast cash flow was $245MM, which was a decrease of 49% due to decline in political advertising which should pick up in 2024. Cash position declined but the debt has also been dropping (about 4.5% in a year). Will see what they churn out this year as political races look to be heated this cycle. Will need to do a deeper dive into the numbers later but overall I am not too surprised given this is a non-political year. -Sean

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next