Gray Set Revenue Records and Reported Operating Results For the Three-Month Period and Year Ended December 31, 2012 
Here are the Highlights of Operating Results:
"Gray reported record total revenue, Broadcast Cash Flow, Broadcast Cash Flow Less Cash Corporate Expenses (each as defined) and political revenue for the fourth quarter of 2012 and the year ended December 31, 2012 as follows:
- fourth quarter of 2012 revenue was $126.6 million ; previous fourth quarter record was $114.6 million set in the three-month period ended December 31, 2010 ;
- year ended December 31, 2012 revenue was $404.8 million ; previous full year record was $346.1 million set in the year ended December 31, 2010 ;
- fourth quarter of 2012 Broadcast Cash Flow Less Cash Corporate Expenses was $64.5 million ; previous fourth quarter record was $58.2 million set in the three-month period ended December 31, 2010 ;
- year ended December 31, 2012 Broadcast Cash Flow Less Cash Corporate Expenses was $176.1 million ; previous full year record was $135.7 million set in the year ended December 31, 2010 ;
- fourth quarter of 2012 Broadcast Cash Flow was $69.2 million ; previous fourth quarter record was $61.6 million set in the three-month period ended December 31, 2010 ;
- year ended December 31, 2012 Broadcast Cash Flow was $191.1 million ; previous full year record was $148.9 million set in the year ended December 31, 2010 ;
- fourth quarter of 2012 political revenue was $43.4 million ; previous fourth quarter record was $33.1 million set in the three-month period ended December 31, 2010 ; and
- year ended December 31, 2012 political revenue was $86.0 million ; previous full year record was $57.6 million set in the year ended December 31, 2010 ."
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