How did Grey TV's revenue and expenses shift in Q4 2024?

Grey TV's revenue and expenses in Q4 2024 showed significant shifts across different business segments, with Core Advertising and Retransmission Consent being the major contributors to the revenue base, alongside Political and Production Companies segments. Here's a detailed analysis:

1. **Revenue by Business Segments**:
- **Core Advertising**: Contributed the most to the revenue, amounting to $1.49 billion.
- **Retransmission Consent**: Followed closely behind Core Advertising with $1.48 billion in revenue.
- **Political**: Generated $497 million in revenue, which, although significant, was less compared to the top two segments.
- **Production Companies**: Contributed $247 million and $105 million from two distinct companies within this segment.
- **Other**: Included segments that generated $70 million and $53 million, with some variability in revenue among the 'Other' category.
2. **Net Income and Operating Expenses**:
- Grey TV reported a net income of $169 million for the quarter. This indicates profitability, but the absence of operating expenses data prevents a comprehensive analysis of cost management.
3. **Segment Performance Insights**:
- The revenue distribution highlights the dominance of Core Advertising and Retransmission Consent, which together account for approximately 75% of the total revenue.
- The Political segment, despite being a significant contributor, represents only about 10% of the total revenue.
- The Production Companies and Other segments show variability in revenue, with some companies generating substantial amounts, while others contribute less.

In conclusion, Grey TV's Q4 2024 performance was strongly driven by its Core Advertising and Retransmission Consent segments, with steady contributions from other segments. The company's profitability, as indicated by the net income, suggests effective management despite the absence of detailed operating expense data.