Gray TV

Gray Television, Inc. is a television broadcasting company, which engages in owning and operating television stations and digital assets in markets throughout the United States. It operates through the following segments: Broadcasting, and Production Companies. The Broadcasting segment operates television stations located across local markets in the United States. The firm's segment includes the production of television and event content. The company was founded in January 1897 and is headquartered in Atlanta, GA.

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Gray TV reports record revenue in Q4 2022 earnings call

Gray TV's strong financial performance in Q4 2022 and strategic focus on reducing leverage position the company well for future growth.
Stable subscriber counts and expectations of revenue growth from various sources indicate resilience and adaptability in a changing TV landscape.
Challenges in subscriber declines and macroeconomic uncertainties are being addressed through strategic initiatives and cautious evaluation of projects.

Gray TV surpasses revenue targets, eyes growth in local markets

Gray Television's Q1 2023 performance exceeded expectations, with strong revenue and optimistic outlook for core revenue growth.
The company's focus on local news content, strategic agreements, and infrastructure development position it well for future opportunities.
Challenges in personnel recruitment and financial uncertainties are areas of concern that Gray TV aims to address.
Overall, Gray Television's resilience, market relevance, and strategic initiatives bode well for its future growth and value creation.

Gray TV beats estimates, eyes political revenue, and strategic growth

Gray TV's Q2 2023 earnings call showcased strong financial performance, strategic partnerships, and industry recognition. While facing challenges related to political revenue uncertainties and industry disruptions, the company remains focused on deleveraging and exploring growth opportunities. With a solid foundation in core advertising and retransmission revenue, Gray TV is poised for continued success in the evolving media landscape.

Gray TV reports strong Q3 growth, eyes political ad revenue

Gray Television (GTN) showcased robust performance in core, retransmission, and political revenue, with a positive outlook on Assembly Studios' revenue potential.
The company's strengths lie in core advertising success, Assembly Studios' value, and debt-free financing, while facing challenges in sports deals and Charter Disney impacts.
Opportunities include increased political ad revenue, digital platform growth, and next-gen technology rollout, positioning Gray TV for continued success.

Gray TV reports strong 2023 revenue growth, eyes deleveraging and growth opportunities in 2024

Gray Television's 2023 performance showcased strong revenue growth and successful initiatives in advertising and content. Despite a net loss in Q4 '23, the company remains optimistic about its outlook for 2024, focusing on deleveraging and seizing growth opportunities.

Gray TV (GTN) reports robust Q1 earnings, eyes growth opportunities

Gray TV (GTN) delivered strong Q1 results, focusing on revenue diversification, financial stability, and debt reduction for long-term sustainability.
Despite challenges like political advertising displacement and delayed project revenues, the company is well-positioned to capitalize on growth opportunities.
Strategic partnerships, content quality recognition, and technological advancements present avenues for revenue growth and market competitiveness.
A prudent financial strategy, commitment to deleveraging, and focus on local market strengths underpin Gray Television's resilience in a dynamic industry landscape.

Gray TV (GTN) reports stellar Q3 results amidst ad revenue challenges

Gray TV's Q3 2024 performance reflects robust revenue growth, improved profitability, and efficient cost management, showcasing the company's financial strength and strategic focus.
While facing challenges in core ad revenue and political ad revenue, Gray TV's emphasis on debt reduction, operational excellence, and market diversification positions it well for future growth.
By addressing challenges, capitalizing on strengths, and seizing opportunities, Gray TV can navigate industry dynamics, enhance shareholder value, and sustain its competitive edge in the media landscape.

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Gray Television (GTN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Gray Television (GTN) to Report a Decline in Earnings: What to Look Out for

ATLANTA, April 29, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) today reached an agreement to divest certain television stations currently owned by Quincy Media, Inc. (“Quincy”) to Byron Allen's Allen Media Broadcasting, LLC (“Allen Media”) for $380 million dollars in cash. Allen Media, which owns and operates local television stations in twelve markets, also owns 12 networks including The Weather Channel and the free-streaming service Local Now. Allen Media Group was founded by Byron Allen in 1993.

Gray Sells Divestiture Stations From Quincy Media Transaction to Allen Media for $380 Million

New York, New York--(Newsfile Corp. - April 8, 2021) - Levi & Korsinsky announces it has commenced an investigation of Gray Television, Inc. (NYSE: GTN) concerning possible breaches of fiduciary duty. To obtain additional information, go to:https://www.zlk.com/compensation2/gray-television-inc-information-request-form or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Gray Television, Inc. (GTN)

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Gray Television Takes a Stake in One of the Fastest Growing Segments of Sports and Entertainment

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Gray Television, Inc. (GTN) CEO Hilton Howell on Q4 2020 Results - Earnings Call Transcript

ATLANTA, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) today announced that its Board of Directors unanimously voted to expand the Board by one seat and elected Sterling A. Spainhour, Jr.  as an independent Director to fill that position, effective at the close of business today.  Like all Directors, Mr. Spainhour's term will run through our next Annual Meeting.

GRAY NAMES STERLING SPAINHOUR TO ITS BOARD OF DIRECTORS

ATLANTA, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) announced today that its Board of Directors has authorized the initiation of a regular quarterly cash dividend of $0.08 per share of its common stock and Class A common stock. The first dividend is payable on March 31, 2021, to shareholders of record at the close of business on March 15, 2021.  Gray last paid a dividend to common stock and Class A common stockholders on October 15, 2008.

GRAY INITIATES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE

ATLANTA, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) today announced financial results for the fourth quarter ended December 31, 2020. Despite the impact of the novel coronavirus and its disease (collectively, “COVID-19”) on economic activity, our strong political revenues, prudent cost management, strategic sales initiatives and training, and focused management at every level during the last three quarters of 2020, and especially the fourth quarter of 2020, resulted in record operating results for the fourth quarter and the full-year. Key financial results are as follows:

Gray Reports Record Operating Results

Atlanta, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (NYSE: GTN) , The Grand Ole Opry and Circle Network are coming together on Saturday, February 27 during the live Opry broadcast to help raise money and awareness of food insecurity.  A rising demand for nutrition assistance due to the pandemic has been compounded by extreme weather across several states last week, including multiple markets served by Gray television stations. All proceeds will benefit Feeding America, a network of 200 food banks and more than 60,000 food pantries in nearly every community across the country. Viewers will be directed to make a donation at www.feedingamerica.org/circle .

Gray Television, Grand Ole Opry and Circle Network Partner on Opry's Live Sat., Feb. 27 Broadcast to Benefit Feeding America

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The IBD SmartSelect Composite Rating for Gray Television increased from 91 to 97 Tuesday. The post Gray Television Joins Rank Of Stocks With 95-Plus Composite Rating appeared first on Investor's Business Daily.

Gray Television Joins Rank Of Stocks With 95-Plus Composite Rating

Big indie broadcaster Gray Television Monday has acquired smaller family-owned Quincy Media for $925 million in cash in a deal that will land it with stations in 102 markets reaching over 25% of U.S. TV households. Atlanta-based Gray said Monday its portfolio will include the top-ranked stations in 77 markets and first or second-ranked in...

Gray Television Acquires Quincy Media For $925 Million In Cash

Gray Television Inc. said Monday it has reached an agreement to acquire Quincy Media Inc. for $925 million in cash. Once the deal closes, Gray will own television stations serving 102 TV markets that collectively reach 25.4% of U.S. TV households, the company said in a statement.

Gray Television to acquire Quincy Media for $925 million in cash

The company had a spectacular 2020, and is stronger in many ways now than it's been in years. In spite of that fact, the shares are trading near multi-year low valuations. I think this combination represents an excellent opportunity.

Gray Television Is Still A Buy

Atlanta, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today that it has hired two additional experienced journalists for its Washington, DC-based news operations.

Gray Expands Its Washington DC News Team With Two More Senior Journalists

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Atlanta, Ga, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) today announced that its local television stations and digital platforms have now run more than $400 million in political advertisements since January 1, 2020, net of commissions and agency fees. 

Gray Television Has Surpassed $400 Million in Net Political Advertising Revenue for 2020

Atlanta, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray” or “our”) (NYSE: GTN) announced that Google's GNI Innovation Challenge has selected Gray Television, Inc. for $200,000 in funding to support a multi-platform journalism project focused on health disparities in the Mississippi Delta and Appalachia regions of the country. 

Google Selects Gray Television for 2021 News Innovation Challenge

Atlanta, Dec. 07, 2020 (GLOBE NEWSWIRE) --  On December 2, 2020, Gray Television, Inc. (“Gray,” “we,” or “our”) (NYSE: GTN) launched our first NextGen TV (ATSC 3.0) station when we lit up WNXG, our low power television station in Tallahassee, Florida, using the new transmission standard. 

Gray Television Launches Its First NextGen TV Station

Gray Television has been growing substantially over the last couple of years, for the large part driven by acquisitions. Shares have also provided attractive returns. Year-to-Date 2020, however, share prices have declined in spite of a recovery that has already followed the big pandemic related plunge in last March.

Gray Television Shares Can Gain More Through Cost Efficiency Focus

Atlanta, Georgia, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “we,” or “our”) (NYSE: GTN) announced today that it has filed in the US Supreme Court an amicus brief supporting the reversal of a lower court decision that hinders efforts by the Federal Communication Commission (“FCC”) to modernize its broadcast ownership rules.  The brief can be viewed at www.gray.tv/2020amicusbrief . 

Gray Files Supreme Court Brief Supporting Modernized Television Station Ownership Rules

Gray Television, Inc.'s (GTN) CEO Hilton Howell on Q3 2020 Results - Earnings Call Transcript

Gray Television (GTN) delivered earnings and revenue surprises of 10.68% and 1.65%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

News for Gray TV Stock (GTN)