Gray Television, Inc., a television broadcast company, owns and/or operates television stations and digital assets in the United States. The company also broadcasts secondary digital channels affiliated to ABC, CBS, and FOX, as well as channels affiliated with various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Justice, Circle, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network; and local news/weather channels in various markets. In addition, it is also involved in the video program production, marketing, and digital businesses, including Raycom Sports, Tupelo-Raycom, and RTM Studios; and production of Power Nation programs and content. It owns and operates television stations and digital properties in 94 television markets. The company was formerly known as Gray Communications Systems, Inc. and changed its name to Gray Television, Inc. in August 2002. Gray Television, Inc. was founded in 1897 and is headquartered in Atlanta, Georgia.
IPO Year:
Exchange: NYSE
Website: gray.tv
Date | Price Target | Rating | Analyst |
---|---|---|---|
2/27/2024 | Outperform → Mkt Perform | Barrington Research | |
11/9/2022 | $25.00 → $7.00 | Overweight → Underweight | Wells Fargo |
3/7/2022 | $30.00 → $33.00 | Buy | Loop Capital |
2/28/2022 | $26.00 → $28.00 | Overweight | Wells Fargo |
1/3/2022 | $26.00 | Overweight | Wells Fargo |
Barrington Research downgraded Gray Television from Outperform to Mkt Perform
Wells Fargo downgraded Gray Television from Overweight to Underweight and set a new price target of $7.00 from $25.00 previously
Loop Capital reiterated coverage of Gray Television with a rating of Buy and set a new price target of $33.00 from $30.00 previously
Wells Fargo reiterated coverage of Gray Television with a rating of Overweight and set a new price target of $28.00 from $26.00 previously
Wells Fargo resumed coverage of Gray Television with a rating of Overweight and set a new price target of $26.00
4 - GRAY TELEVISION INC (0000043196) (Issuer)
4 - GRAY TELEVISION INC (0000043196) (Issuer)
4 - GRAY TELEVISION INC (0000043196) (Issuer)
4 - GRAY TELEVISION INC (0000043196) (Issuer)
4 - GRAY TELEVISION INC (0000043196) (Issuer)
4 - GRAY TELEVISION INC (0000043196) (Issuer)
4 - GRAY TELEVISION INC (0000043196) (Issuer)
4 - GRAY TELEVISION INC (0000043196) (Issuer)
4 - GRAY TELEVISION INC (0000043196) (Issuer)
4 - GRAY TELEVISION INC (0000043196) (Issuer)
4 - GRAY TELEVISION INC (0000043196) (Issuer)
4 - GRAY TELEVISION INC (0000043196) (Issuer)
4 - GRAY TELEVISION INC (0000043196) (Issuer)
4/A - GRAY TELEVISION INC (0000043196) (Issuer)
4/A - GRAY TELEVISION INC (0000043196) (Issuer)
4 - GRAY TELEVISION INC (0000043196) (Issuer)
SC 13G - GRAY TELEVISION INC (0000043196) (Subject)
SC 13G/A - GRAY TELEVISION INC (0000043196) (Subject)
SC 13G/A - GRAY TELEVISION INC (0000043196) (Subject)
SC 13G/A - GRAY TELEVISION INC (0000043196) (Subject)
SC 13G - GRAY TELEVISION INC (0000043196) (Subject)
SC 13G/A - GRAY TELEVISION INC (0000043196) (Subject)
SC 13G/A - GRAY TELEVISION INC (0000043196) (Subject)
SC 13G/A - GRAY TELEVISION INC (0000043196) (Subject)
SC 13G/A - GRAY TELEVISION INC (0000043196) (Subject)
SC 13G - GRAY TELEVISION INC (0000043196) (Subject)
10-Q - GRAY TELEVISION INC (0000043196) (Filer)
8-K - GRAY TELEVISION INC (0000043196) (Filer)
8-K - GRAY TELEVISION INC (0000043196) (Filer)
8-K - GRAY TELEVISION INC (0000043196) (Filer)
11-K - GRAY TELEVISION INC (0000043196) (Filer)
8-K - GRAY TELEVISION INC (0000043196) (Filer)
S-8 - GRAY TELEVISION INC (0000043196) (Filer)
8-K - GRAY TELEVISION INC (0000043196) (Filer)
8-K - GRAY TELEVISION INC (0000043196) (Filer)
8-K - GRAY TELEVISION INC (0000043196) (Filer)
Event To Air At 7pm ET On Gray-Owned Local TV Stations Including Peachtree TV In Atlanta And Over Ninety Other Markets
Gray's KAUU And KYEX To Air Games; TEGNA Also Broadcasting Kraken Games On KING 5, KONG, KGW, KREM, And KSKN
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector. Sinclair, Inc. (NASDAQ:SBGI) Dividend Yield: 7.51% Wells Fargo analyst Stev
Gainers Lytus Technologies Hldgs (NASDAQ:LYT) shares moved upwards by 6.3% to $2.85 during Friday's after-market session. The company's market cap stands at $4.4 million. E W Scripps (NASDAQ:SSP) shares increased by 4.68% to $2.57. The market value of their outstanding shares is at $219.4 million. Urban One (NASDAQ:UONE) stock increased by 4.45% to $2.11. The company's market cap stands at $103.1 million. Asset Entities (NASDAQ:ASST) stock moved upwards by 4.36% to $0.45. The market value of their outstanding shares is at $6.7 million. AMC Enter Hldgs (NYSE:AMC) shares rose 3.09% to $4.99. The market value of their outstanding shares is at $1.4 billion. Gray Television (NYSE:GTN) stock
Gray Television, Inc. ("Gray," "we," "us" or "our") (NYSE:GTN) announced today that it intends to offer up to $1 billion aggregate principal amount of senior secured first lien notes due 2029, subject to market conditions. The offering will be exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). In connection with the offering of notes, Gray expects to (i) incur up to $750 million of a new tranche F term loan with a maturity date in 2029, (ii) increase the aggregate commitments under its existing $625 million revolving credit facility by $55 million, resulting in aggregate commitments under the revolving credit facility of $680 million and (iii) ter
Gray Television, Inc. ("Gray," the "Company," "we," or "our") (NYSE:GTN) announced today the commencement of a refinancing process for its existing $1.15 billion term loan due 2026 and up to $450 million of its 5.875% senior notes due 2026, with the goal of extending a significant portion of its near-term debt maturities. Overall, the Company is targeting refinancing that outstanding debt with approximately $750 million of new senior secured term loans maturing in 2029 and approximately $750 million of additional senior secured debt, together with cash on hand and borrowings of approximately $100 million under its revolving credit facility due 2027. In addition, Gray announced that it has
Benchmark analyst Daniel Kurnos maintains Gray Television (NYSE:GTN) with a Buy and raises the price target from $11 to $13.
Wells Fargo analyst Steven Cahall maintains Gray Television (NYSE:GTN) with a Underweight and raises the price target from $5.5 to $6.
Gray Television, Inc. (NYSE:GTN) shares are trading higher after reporting first-quarter results. The company reported quarterly earnings per share of 79 cents, beating the analyst consensus of 18 cents. The company reported quarterly revenues of $823 million, missing the street view of $824.985 million. The first quarter of 2024 produced strong core advertising results, including $372 million in core advertising revenue, an increase of $15 million or 4% compared to 2023. Gray Television also benefited from continued strong advertiser demand for local content, including numerous professional sporting events on stations, from the Super Bowl to local packages of NBA games. In t
On May 6, 2024, our Board of Directors authorized us to use up to $250 million of available liquidity to repurchase our outstanding indebtedness through December 31, 2025.
ATLANTA, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Gray Television Inc. ("Gray," the "Company," "we," "us," or "our") (NYSE:GTN) announced today that Chief Financial Officer Jim Ryan has notified the Company of his voluntary decision to transition into retirement after 2025. Gray and Jim have agreed that he will remain with Gray as a Senior Advisor through his retirement to assist with a seamless transition of his duties. To succeed Jim as CFO, Gray announced the hiring of Jeff Gignac, who currently serves as a Managing Director and Head of Media & Telecom Investment Banking at Wells Fargo Securities. Jeff has worked closely with Jim and the Company as one of its lead bankers for the past sever
ATLANTA, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray") (NYSE:GTN) today announced its appointment of Liz Knight as the next General Manager of WALB and WGCW, the local NBC, ABC and CW affiliates, in Albany, Georgia. For the past five years, Liz Knight has served as the General Sales Manager at WALB-TV (NBC), WGCW (CW) and WTSG (Telemundo) in Albany, Georgia. Previously, she served as the stations' Local Sales Manager for nine years and Digital Sales Manager for one year. Prior to management at WALB she was an Account executive and has eighteen years of multimedia experience in Southwest Georgia. A native of Southwest Georgia, Liz grew up watching WALB-TV, which Gray put
ATLANTA, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray") (NYSE:GTN) today announced its appointment of Bruce Austin as the next General Manager of WVLT and WBXX, the local CBS and CW affiliates, in Knoxville, Tennessee. For the past five years, Bruce Austin has served as the General Manager at WALB-TV (NBC), WGCW (CW) and WTSG (Telemundo) in Albany, Georgia. Previously, he served as the stations' General Sales Manager for ten years. A native of Southwest Georgia, Bruce grew up watching WALB-TV, which Gray put on the air in 1954. Under his leadership, the operation expanded its local service and added additional local programming. In 2020, the Georgia Association of Broadc
ATLANTA, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Peachtree Sports Network, Gray Television's newest sports broadcast channel, will launch Sunday, October 1st on WPCH 17.2. The channel will focus on live, local sports programming all year long and will feature teams from multiple sports across the state. The broadcast network will launch in Atlanta but will soon air on Gray-owned over-the-air channels in Albany, Augusta, Columbus, Macon, and Savannah in the coming months. "As a lifelong sports fan, I know firsthand I became a fan by watching my local teams play on broadcast television," said WANF and WPCH Vice President and General Manager Erik Schrader. "While existing fans may follow
ATLANTA, March 30, 2023 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray") (NYSE:GTN) today announced that it has appointed Blanca Esparza Pap and Micheal Smith as Assistant Vice Presidents of Gray Media Group, Inc., effective April 1, 2023. Blanca Esparza Pap has served as the Station Manager for Arizona's Family 3TV (KTVK) and CBS5 (KPHO) in Phoenix, Arizona, since 2019. She first joined 3TV in 2005 as its Community and Public Relations Manager, and she later became the Director of Marketing for both 3TV and KPHO. Blanca is a graduate of Arizona State University's Walter Cronkite School of Journalism and Mass Communication. She graduated from the National Association of Broadcasters
NEW ORLEANS, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Today, Gray Media, in partnership with the New Orleans Pelicans, announces a transformative media rights deal to bring every non-national Pelicans NBA game to 4.1 million households through a new soon-to-be launched multi-state distribution venture called Gulf Coast Sports & Entertainment Network anchored by Gray's New Orleans television station WVUE (FOX 8 Local First). The new network will broadcast free, over-the-air and be made available on a variety of pay-TV platforms through Gray's television stations in Baton Rouge, Shreveport, Lake Charles, Monroe, and Alexandria, Louisiana; Gray's television stations
ST. LOUIS, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Missouri Valley Conference, Inc., and Gray Media (NYSE:GTN) today announced a multi-year agreement to produce and distribute MVC men's and women's basketball regular-season games and opening-round / quarterfinal State Farm MVC Men's Basketball Tournament contests ("Arch Madness") beginning with the 2024-25 academic year. The linear over-the-air station package will be distributed in 22 Gray Media markets in the states of Missouri, Illinois, Kentucky, Indiana, Iowa, and Tennessee and via third-party broadcast partners in markets outside of the Gray footprint. As part of the agreement between The Valley and Gray, the men's and women's basketbal
ATLANTA , Sept. 04, 2024 (GLOBE NEWSWIRE) -- Gray Media (NYSE:GTN) today announced that InvestigateTV+, its award-winning 30-minute news magazine, is now cleared on weekends in 67% of the U.S for the 2024 – 2025 season. The weekday edition of the program is also expanding its reach to 46% of the U.S. this fall. InvestigateTV+ and InvestigateTV+ Weekend will launch their new seasons the week of September 9th. InvestigateTV+ Weekend, formerly known as InvestigateTV, is entering its fourth season. It launched in all 113 Gray markets in 2021 and started expanding into non-Gray markets for the 2023 – 2024 season. New markets adding the program this fall include New York City, Chicago, Phil
ATLANTA, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Gray Media ("Gray") (NYSE:GTN) announced today that the Radio Television Digital News Association (RTDNA) awarded eight National Edward R. Murrow awards for excellence in journalism to five local stations and Gray's national investigative unit, InvestigateTV. The national award for Overall Excellence in the small market category went to WRDW in Augusta, Georgia. Gray earned two national awards for Hard News reporting. At the national network level, InvestigateTV, in partnership with ProPublica, was honored for an investigative series called "Railroaded," which exposed the dangers created by trains stalled on railroad crossings nationwide. The
ATLANTA, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Gray Media (NYSE:GTN) today announced comprehensive coverage plans for the 2024 Democratic National Convention. Starting Monday, August 19, through the conclusion of the convention on Thursday, August 22, Gray's Washington DC Bureau and news teams from 13 Gray affiliates will report from Chicago on the local impact of the presidential and vice presidential nomination process and the Democratic party platform. Coverage will be carried on Gray's local affiliates and Local News Live, Gray's national news network that provides live streaming coverage on more than 500 Gray station websites, connected TV apps, and mobile apps. "The combined report
Markets Cover Nearly 10% of the Television Audience in the United States and More Than 12 Million TV Households The CW Network and Gray Media (Gray) (NYSE:GTN) today announced that they have reached a comprehensive agreement to renew the affiliations of 38 Gray-owned television stations across the country. Together, the 38 stations reach nearly 10% of the U.S. audience, serving more than 12 million television households. Under terms of the agreement, the stations will remain the exclusive homes of Pac-12 college football, ACC college football and basketball, NASCAR Xfinity Series Racing, WWE NXT wrestling, and LIV Golf in their respective markets. Financial terms were not disclosed.
ATLANTA, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray") (NYSE: GTN) announced today that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share of its common stock and Class A common stock. The dividend is payable on September 30, 2024, to shareholders of record at the close of business on September 13, 2024. About Gray Television: We are a multimedia company headquartered in Atlanta, Georgia. We are the nation's largest owner of top-rated local television stations and digital assets serving 113 television markets that collectively reach approximately 36 percent of US television households. The portfolio includes 77 markets with the top-r
ATLANTA, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray Media," "Gray," "we," "us" or "our") (NYSE:GTN) today announced financial results for the second quarter ended June 30, 2024, including total revenue of $826 million and total operating expenses (before depreciation, amortization and loss on disposal of assets) of $607 million. While we are overall pleased with our results in the second quarter, macro-economic and other factors largely beyond our control appear likely to result in somewhat lower revenues for the year than we previously anticipated. Our core advertising revenue in the second quarter was $373 million, which was slightly below the low end of our guidance
Contact: Robby ThomasVice President & General ManagerWIS 10 – wistv.com(803) 799-1010 – [email protected] COLUMBIA, S.C., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Palmetto Sports & Entertainment, Gray Media's newest sports broadcast channel, will launch in October 2024 on South Carolina stations WPAM 18.1 and WIS 10.4 in Columbia, WHNS 21.2 in Greenville-Asheville-Spartanburg, WZCH 35.3 in Charleston, and WMBF 32.3 in Myrtle Beach. The new network will be based out of Gray's WIS-TV in Columbia and will focus on live, local sports with a wide variety of entertainment programming across th
CLEVELAND, July 25, 2024 (GLOBE NEWSWIRE) -- Rock Entertainment Group (REG), the umbrella entity that houses Dan Gilbert's sports and entertainment properties under the ROCK Family of Companies, and Gray Media ("Gray") (NYSE:GTN), owner of WOIO and WUAB in Cleveland and WXIX in Cincinnati, have reached an agreement to launch "Rock Entertainment Sports Network." The parties plan for the new network to start over-the-air on Gray's television stations in Cleveland and Cincinnati this August, with future over-the-air, multichannel video programming distributors (MVPDs), and streaming components to be announced as the network grows. Rock Entertainment Sports Network will
ATLANTA, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray") (NYSE: GTN) announced today that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share of its common stock and Class A common stock. The dividend is payable on September 30, 2024, to shareholders of record at the close of business on September 13, 2024. About Gray Television: We are a multimedia company headquartered in Atlanta, Georgia. We are the nation's largest owner of top-rated local television stations and digital assets serving 113 television markets that collectively reach approximately 36 percent of US television households. The portfolio includes 77 markets with the top-r
ATLANTA, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray Media," "Gray," "we," "us" or "our") (NYSE:GTN) today announced financial results for the second quarter ended June 30, 2024, including total revenue of $826 million and total operating expenses (before depreciation, amortization and loss on disposal of assets) of $607 million. While we are overall pleased with our results in the second quarter, macro-economic and other factors largely beyond our control appear likely to result in somewhat lower revenues for the year than we previously anticipated. Our core advertising revenue in the second quarter was $373 million, which was slightly below the low end of our guidance
ATLANTA, July 01, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (NYSE:GTN) today announced that it will release its earnings results for the quarter ended, June 30, 2024 on Thursday, August 8, 2024. Earnings Conference Call Information Gray Television, Inc. will host a conference call to discuss its operating results for the quarter ended June 30, 2024 on Thursday, August 8, 2024. The call will begin at 11:00 a.m. Eastern Time. The live dial-in number is 1-800-285-6670. The call will be webcast live and available for replay at www.graymedia.com. The taped replay of the conference call will be available at 1-888-556-3470 Passcode: 898476# until September 6, 2024. About Gray Media: Gray
ATLANTA, May 08, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray") (NYSE:GTN) announced today that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share of its common stock and Class A common stock. The dividend is payable on June 28, 2024, to shareholders of record at the close of business on June 14, 2024. About Gray Television: We are a multimedia company headquartered in Atlanta, Georgia and the nation's largest owner of top- rated local television stations and digital assets. Our television stations serve 114 television markets that collectively reach approximately 36 percent of US television households. This portfolio includes 79 markets with the
ATLANTA, May 07, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray," "we," "us" or "our") (NYSE:GTN) today announced financial results for the first quarter ended March 31, 2024, reflecting our total revenue of $823 million and total operating expenses (before depreciation, amortization and loss on disposal of assets) of $632 million. Overall, we believe that our businesses have started 2024 in a strong position. The first quarter of 2024 produced strong core advertising results, including $372 million in core advertising revenue, an increase of $15 million or 4% compared to 2023. Our core advertising business has more than fully recovered from the pandemic, with core advertising reve
ATLANTA, April 09, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (NYSE:GTN) today announced that it will release its earnings results for the quarter ended, March 31, 2024 on Tuesday, May 7, 2024. Earnings Conference Call Information Gray Television, Inc. will host a conference call to discuss its operating results for the quarter ended March 31, 2024, on Tuesday, May 7, 2024. The call will begin at 10:00 a.m. Eastern Time. The live dial-in number is 1-800-285-6670. The call will be webcast live and available for replay at www.gray.tv. The taped replay of the conference call will be available at 1-888-556-3470 Passcode: 898476# until June 6, 2024. About Gray: Gray Television,
ATLANTA, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray") (NYSE: GTN) announced today that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share of its common stock and Class A common stock. The dividend is payable on March 28, 2024, to shareholders of record at the close of business on March 15, 2024. About Gray Television: We are a multimedia company headquartered in Atlanta, Georgia. We are the nation's largest owner of top-rated local television stations and digital assets. Our television stations serve 113 television markets that collectively reach approximately 36 percent of US television households. This portfolio includes 7
ATLANTA, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray," "we," "us" or "our") (NYSE:GTN) today announced strong financial results for the fourth quarter ended December 31, 2023, including total revenue of $864 million, which was in-line with the high end of our revenue guidance and total operating expenses (before depreciation, amortization, impairment and loss on disposal of assets) of $664 million, which was below the low end of our expense guidance for the quarter. Gray continued to execute across its portfolio of high-quality television stations and digital platforms as it combines its market-leading local news with strong network programming to delive
ATLANTA, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (NYSE:GTN) today announced that it will release its earnings results for the quarter ended, December 31, 2023 on Friday, February 23, 2024. Earnings Conference Call Information Gray Television, Inc. will host a conference call to discuss its operating results for the quarter ended December 31, 2023, on Friday, February 23, 2024. The call will begin at 11:00 a.m. Eastern Time. The live dial-in number is 1-800-285-6670. The call will be webcast live and available for replay at www.gray.tv. The taped replay of the conference call will be available at 1-888-556-3470 Passcode: 898476# until March 22, 2024. About Gray:
ATLANTA, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray") (NYSE: GTN) announced today that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share of its common stock and Class A common stock. The dividend is payable on December 29, 2023, to shareholders of record at the close of business on December 15, 2023. About Gray Television: We are a multimedia company headquartered in Atlanta, Georgia. We are the nation's largest owner of top-rated local television stations and digital assets. Our television stations serve 113 television markets that collectively reach approximately 36 percent of US television households. This portfolio includes 80