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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Gray Television (GTN) Earnings Expected to Grow: Should You Buy?

ATLANTA, July 23, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (NYSE: GTN) today announced that it has changed the time of its earnings results for the quarter ending June 30, 2021 on Thursday, August 5, 2021 to 10:00 a.m. Eastern.

GRAY CHANGES TIME OF SECOND QUARTER EARNINGS RELEASE AND EARNINGS CONFERENCE CALL

Allen Media Group is continuing its run of local TV station acquisitions, paying $70 million to Gray Television for WJRT, an ABC affiliate in Flint-Saginaw, MI. The deal for Byron Allen's company follows a $380 million pact announced in April for a batch of other stations in a separate arrangement with Gray related to the...

Allen Media Group Pays $70M To Acquire Gray Television's WJRT, An ABC Affiliate In Michigan

ATLANTA, July 14, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (NYSE: GTN) today announced that it will release its earnings results for the quarter ending June 30, 2021 on Thursday, August 5, 2021.

Gray Sets Date for Second Quarter Earnings Release and Earnings Conference Call

ATLANTA, June 18, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) has formed a new sales and sponsorship entity called Gray Sports + Entertainment Sales to represent the company's internal content production portfolio to brands and advertising agencies. The new group is responsible for revenue generation of Gray-owned media and sponsorship assets.

Gray Television Forms New Sports and Entertainment Revenue Group

Meredith

DES MOINES, Iowa, June 3, 2021 /PRNewswire/ -- Meredith Corporation (NYSE: MDP) today announced that it has accepted a revised proposal from Gray Television, Inc. (NYSE: GTN) to acquire Meredith's Local Media Group ("LMG") for approximately $2.825 billion in cash ("the revised Gray proposal"), and that the two companies have entered into an amendment to their previously announced definitive merger agreement reflecting the revised terms. Under the terms of the revised Gray proposal, Meredith Corporation shareholders would receive $16.99 per share in cash, revised from the previously announced $14.51 per share in cash, and 1-for-1 equity share in post-close Meredith.

Meredith Corporation Accepts Revised Proposal From Gray Television To Acquire Local Media Group

ATLANTA, June 03, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) today confirmed that Meredith Corporation (“Meredith”) recently informed Gray that, after announcing the definitive agreement with Gray, it had received an unsolicited proposal to acquire its Local Media Group (“LMG”) division, including all of Meredith's broadcast television stations, from another party. Gray subsequently offered to amend the parties' Merger Agreement to increase the total consideration payable by Gray from approximately $14.50 per share in cash, or $2.7 billion in total enterprise value (after the spin off of Meredith's National Media Group to the current Meredith shareholders), to $16.99 per share in cash, or $2.825 billion in total enterprise value; to increase certain fees due to the other party under certain termination events under the Merger Agreement; and to make certain other revisions. On June 2, 2021, Gray and Meredith entered into an amendment to reflect the revised terms.

GRAY AMENDS MERGER AGREEMENT WITH MEREDITH CORPORATION

Gray Television (GTN) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Gray Television (GTN) Hits Fresh High: Is There Still Room to Run?

Gray Television (GTN) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

Here's What Could Help Gray Television (GTN) Maintain Its Recent Price Strength

Genworth Financial

IAMGOLD

When looking for bargain opportunities as a value investor, you may want to consider the following securities as their share prices are trading near or below the intrinsic value estimated by the GF Value Line.

3 Stocks Trading Below the GF Value Line

Hilton Worldwide Holdings

Gray Television's (GTN) CEO Hilton Howell on Q1 2021 Results - Earnings Call Transcript

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Meredith Corporation's Local Media Group (NYSE: MDP) to Gray Television, Inc. (NYSE: GTN). Under the terms of the proposed transaction, shareholders of Meredith will receive $14.50 in cash for each share of Meredith that they own. KSF is seeking to determine whether this consideration and the process that led

MEREDITH INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Meredith Corporation - MDP

Andersons

ArcBest

Medifast

Rent-A-Center

Diversify your portfolio to include some mid-cap stocks.

5 Mid-Cap Stocks That Reported Solid Q1 Results

Atlanta, May 06, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray ” ) (NYSE: GTN) announced today that the Radio Television Digital News Association (RTDNA) awarded a combined 57 regional Edward R. Murrow awards for excellence in journalism to 26 of Gray's local stations, led by nine separate awards to WVUE in New Orleans. Among the highest honors:

RTDNA Awards 57 Regional Edward R. Murrow Awards to 26 Gray Television Stations

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Gray Television (GTN) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Here Is Why Bargain Hunters Would Love Fast-paced Mover Gray Television (GTN)

GTN has secured two deals this year that will propel it to becoming the second-largest television broadcaster in the US. Q1 revenue increased by 2% quarter over quarter and printed a positive net income of $39 million, down 36% from the same quarter last year.

Gray Television: Stretching Its Geographical Footprint

Gray Television (GTN) delivered earnings and revenue surprises of 80.00% and 2.40%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Gray Television (GTN) Beats Q1 Earnings and Revenue Estimates

Gray Television announced Monday a giant leap forward in a deal to acquire Meredith Corp.'s local media group — comprising 17 stations — for $2.7 billion in a deal that Grey said will transform it into the second largest television broadcast group in the nation. Gray will basically acquire all outstanding shares of Meredith for...

Gray Television In Major Expansion Is Buying Meredith's Station Group For $2.7 Billion

Shares of Meredith Corp. shot up 12.9% in premarket trading Monday, after the TV broadcasting and magazine advertising company announced a deal to sell its Local Media Group to Gray Television Inc. in a deal valued at $2.7 billion. Under terms of the deal, Meredith will spin off its National Media Group to shareholders, who will receive $14.50 per share in cash and a 1-for-1 equity share in the company after the deal closes.

Meredith's stock soars after $2.7 billion deal to sell local TV broadcasting business to Gray Television

DES MOINES, Iowa, May 3, 2021 /PRNewswire/ -- Meredith Corporation (NYSE: MDP) today announced that it has agreed to sell its Local Media Group ("LMG") to Gray Television, Inc. (NYSE: GTN) for $2.7 billion in cash and will focus exclusively on its National Media Group ("NMG") portfolio post-close. Under the terms of the transaction, Meredith's National Media Group will be spun out to shareholders as a standalone publicly traded company retaining the Meredith Corporation name, with shareholders receiving cash consideration per share of approximately $14.50 and 1-for-1 equity share in post-close Meredith.

Meredith Corporation To Sell Local Media Group For $2.7 Billion, Focus Exclusively On Leading Portfolio Of National Brands

Addition of Meredith's 17 TV Stations Will Transform Gray into the Second Largest Television Broadcast Group Addition of Meredith's 17 TV Stations Will Transform Gray into the Second Largest Television Broadcast Group

GRAY TO ACQUIRE MEREDITH CORPORATION'S LOCAL MEDIA GROUP IN A $2.7 BILLION TRANSACTION

ATLANTA, May 03, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” the “Company,” “we,” “us” or “our”) (NYSE: GTN) today announced financial results for the first quarter ended March 31, 2021. Along with the decreasing impact of the novel coronavirus and its disease (collectively, “COVID-19”) on economic activity, our prudent cost management, strategic sales initiatives and training, and focused management at every level resulted in strong operating results for the first quarter. Key financial results were as follows:

Gray Reports First Quarter Operating Results

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)

News for Gray TV Stock (GTN)