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  "documentTitle": "20190312 Deutsche Bank MIT Conference",
  "authorId": "DeutscheBank",
  "authorName": "Gray Television",
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  "sourceTypeSlug": "equity_research",
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  "notes": "The slide uses pie charts to illustrate the distribution of channels and revenue across different network affiliates.",
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      "kind": "chart",
      "text": "“Big 4” Channels by Affiliate: 52",
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      "text": "2013 Revenue by Affiliate: $346 mm",
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      "kind": "disclaimer",
      "text": "Certain program channels are affiliated with more than one additional network simultaneously. Non-revenue information includes stations under LMA or SSA agreements with Gray. But excludes all pending acquisitions not under LMA / SSA.",
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      "text": "110 total program streams spread across 34 attractive markets\n52 affiliations with a “Big 4” network and 58 additional program streams\nReaches 6.5% of U.S. TV households, significantly below FCC cap\n#1 market rank in 23 markets\n#1 news ranking in 22 markets and leading franchises\n#1 or #2 Market Rank in news and overall audience in 31 markets\nStrong market and network diversification\n18 collegiate markets and 9 state capitals provide stability\nDominance in political revenue through presence in key states",
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      "text": "U.S. TV household reach: 6.5%",
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      "kind": "title",
      "text": "Gray Television is a Dominant Mid-Market TV Platform",
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      "evidence": "The document presents data on Gray Television's market footprint and the importance of being #1 in local news and information.",
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