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.

Earnings data Q1 2021

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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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ATLANTA, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today that Michael Hornfeck has joined Gray as its General Manager of KOLD (CBS) in Tucson, Arizona (DMA 69). He succeeds Eric Duncan, who Gray recently named as the new General Manager of WALA (FOX) in Mobile, Alabama (DMA 57).

Gray Names Michael Hornfeck to Lead KOLD in Tucson

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Is Gray Television (GTN) a great pick from the value investor's perspective right now? Read on to know more.

Should Value Investors Pick Gray Television (GTN) Stock Now?

ATLANTA, Dec. 08, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today a significant expansion of its National Investigative Team called InvestigateTV.

GRAY TELEVISION EXPANDS NATIONAL INVESTIGATIVE UNIT

Sports Fans Can Now Access Origin Sports on Samsung TV Plus and The Roku Channel Sports Fans Can Now Access Origin Sports on Samsung TV Plus and The Roku Channel

Origin Sports Network, Powered by Gray Television's Raycom Sports, Expands Distribution Partners

ATLANTA, Nov. 23, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) today named Jennifer Rieffer as the new General Manager of WXIX (FOX) in Cincinnati, Ohio (DMA 35).

Gray Names Jennifer Rieffer to Lead WXIX in Cincinnati

ATLANTA, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) today named several new General Managers across its television station portfolio. These appointments follow Gray's recent announcement of its promotion of several internal leaders into new leadership roles at certain of the television stations that Gray will acquire from Meredith Corporation. All new General Manager appointments will become effective at the closing of the Gray/Meredith transaction, which is expected to occur in December 2021.

Gray Names New General Managers

ATLANTA, Nov. 15, 2021 (GLOBE NEWSWIRE) --  Gray Television, Inc. (“Gray”) (NYSE: GTN) today announced that several of its current General Managers will assume leadership of television stations that Gray will acquire from Meredith Corporation (“Meredith”) effective at the closing of Gray's acquisition of Meredith's Local Media Group, which the parties anticipate will occur in December 2021.

Gray Television Announces New General Managers for Certain Meredith Markets

ATLANTA, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today that it has completed its previously announced offering of $1,300.0 million in aggregate principal amount of 5.375% senior notes due 2031 (the “Notes”) by Gray Escrow II, Inc., a special purpose wholly owned subsidiary of Gray (the “Escrow Issuer”). The Notes were issued at 100.000% of par.

GRAY ANNOUNCES CLOSING OF OFFERING OF $1,300.0 MILLION OF 5.375% SENIOR NOTES DUE 2031

MEDINA, Ohio--(BUSINESS WIRE)--Family Entertainment Holdings Receives Growth Investment from Seaport Capital and Gray Television

Family Entertainment Holdings Receives Growth Investment From Seaport Capital and Gray Television

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Multi-Year Deal Extends Relationship Across 47 Markets Multi-Year Deal Extends Relationship Across 47 Markets

VIACOMCBS AND GRAY TELEVISION RENEW CBS TELEVISION NETWORK AFFILIATE AGREEMENTS

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Gray Television, Inc. (GTN) CEO Hilton Howell on Q3 2021 Results - Earnings Call Transcript

ATLANTA, Nov. 05, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray ” ) (NYSE: GTN ) announced that it has hired Greg McAlister as General Manager of KCBD (NBC) and KLCW (CW) in Lubbock, Texas.

Greg McAlister Named General Manager of KCBD/KLCW in Lubbock

Gray Television (GTN) delivered earnings and revenue surprises of -196.97% and 0.81%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Gray Television (GTN) Reports Q3 Loss, Tops Revenue Estimates

Gray Television appears to have a large amount of debt, but not too much relative to competitors.

Gray Television: Deeply Undervalued And Deeply Misunderstood

ATLANTA, Oct. 25, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) announced today that a special purpose wholly owned subsidiary of Gray intends to offer up to $1,125 million aggregate principal amount of senior notes due 2031, subject to market conditions. The offering will be exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).

GRAY ANNOUNCES PRIVATE OFFERING OF SENIOR NOTES

ATLANTA, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) announced today that in connection with its pending acquisition of the Local Media Group of Meredith Corporation (“Meredith LMG”), Gray is proposing, subject to market and other conditions, to enter into an amendment and restatement of its existing senior credit facility (the “Senior Credit Facility”). Gray also announced updates to certain of its previously announced guidance for the third quarter of 2021, based on preliminary information available to date.

Gray Announces Proposed $1.5 Billion Incremental Term Loan and $500 Million Revolving Credit Facility; Updates Guidance for Third Quarter 2021

ATLANTA, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today its promotion of Herb Bruce to General Manager/General Sales Manager of Alexandria, Louisiana's powerhouse television station, NBC affiliate KALB.

Herb Bruce Promoted to General Manager of KALB in Alexandria

ATLANTA, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray ” ) (NYSE: GTN ) announced today that it has promoted John Fiorelli to the role of General Manager/General Sales Manager of Gray's KOLO-TV in Reno, Nevada, effective today.

Gray Promotes John Fiorelli to General Manager of KOLO-TV in Reno

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John Rogers Slims Meredith as Merger Approaches

ATLANTA, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN ) announced today that it has purchased Third Rail Studios in Doraville, Georgia, from The Integral Group for $27.5 million.

Gray Television Purchases Third Rail Studios

Gray Television: A Cyclical Recovery Play With M&A Upside

ATLANTA, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray") (NYSE:GTN) announced today that its portfolio of top local news television stations across 103 markets in the United States will partner with the Salvation Army to help raise funds following Hurricane Ida.

Gray Television Stations Partner with Salvation Army to ‘Lift Up Louisiana' for Hurricane Ida Relief Efforts

ATLANTA, Aug. 17, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray ” ) (NYSE: GTN) announced today that the Radio Television Digital News Association (RTDNA) has selected five of its television stations for eight National Edward R. Murrow awards.

Gray Television Honored with Eight National Edward R. Murrow Awards

Gray Television, Inc. (GTN) CEO Hilton Howell on Q2 2021 Results - Earnings Call Transcript

News for Gray TV Stock (GTN)