Investor Presentaiton

The Importance of Being #1 Price Leadership Share of Market Ad $ Highly Ranked News Franchises Drive Traffic Reinvest in Business Source: Nielsen Media Research Gray Television, Inc. Network and News Ratings gray Television Disital Mobile ☐ Dominate local and political revenue with highly-rated news platforms #1 Stations Can secure more than half of a market's political ad buys Greater purchasing power and leverage with MVPDS, programmers, and other vendors Deliver higher margins ☐ Maximize free cash flow ☐ Exploit best practices Attract and retain high quality talent Leverage new Washington DC Bureau 6

View entire presentation