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    Michael Kerrane • Truist Securities

    Michael Kerrane is a Financial Intelligence Unit Fraud Analyst at Truist Financial, focusing on fraud detection and prevention within the banking sector. He holds an MBA in Finance from Cornell Johnson and has developed expertise in analyzing transactional risk and fraud patterns for financial institutions. Since joining Truist, Kerrane has contributed to strengthening the firm's financial integrity through his analytical work; previously, he acquired experience across various finance roles, further enhancing his subject-matter proficiency. He is FINRA registered and maintains relevant securities licenses reflecting his commitment to professional compliance and excellence.

    Michael Kerrane's questions to Gray Media Inc (GTN) leadership

    Michael Kerrane's questions to Gray Media Inc (GTN) leadership • Q3 2024

    Question

    Michael Kerrane of Truist Securities asked about the potential margin and cost synergy opportunity if regulations were to allow ownership of more than one top-four affiliated station in a single market.

    Answer

    Kevin Latek, EVP, Chief Legal & Development Officer, explained that the synergy potential varies greatly depending on the specific station acquired. He noted that acquiring a second Big 4 station with a news operation offers significant synergy potential, referencing the industry's successful track record with duopolies. He affirmed Gray would be active in that space if opportunities arise and the balance sheet permits.

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