Gray Television said Monday that it had reached additional retransmission-consent agreements in principle with substantially all of its large cable operators, to date completing a total of 27 such deals involving about 3.3 million cable subscribers.
In addition, Gray TV, which operates 36 stations in 30 markets, said it has reached numerous agreements in principle with smaller cable operators. All of these agreements in principle are subject to the completion and execution of definitive agreements.
Earlier this month, the broadcaster had reported agreements in principle with 20 large cable operators.
The most recent deals with large cable operators, and a number of completed cable and satellite agreements, are anticipated to provide about $11 million of incremental cash retransmission-consent revenue during 2009.
Completed agreements with small cable operators will further increase Gray's expected total incremental cash retransmission consent revenue for 2009.
All told, Gray TV expects total retransmission-consent revenue will approximate $3 million in 2008.
The broadcaster said it is currently in active negotiations with numerous small cable operators representing an aggregate of several 100,000 subscribers.
Previously this year, Gray TV had reached definitive agreements with Dish Network and Cox Communications covering a total of roughly 1.2 million subscribers.