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 Q4 2020

Earnings data Q1 2021

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Earnings data Q4 2021

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Earnings data Q4 2022

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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.

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The shares of Gray Television are trading near the same relative valuation as when I first wrote about the name and I think they represent a buy for that reason.

Gray Television Is A Buy Based On Valuation, Insider, And Institutional Activity

Broadcast tech entrepreneur Jack Perry, CEO of Syncbak, along with Gray Television and partner stations, is launching VUit, a new ad-supported streaming service banking on the appeal of local live content to grow audiences and capture ad revenue that’s migrating to digital. VUit will have 200 stations at launch. It will be part of eleven-year-old

Syncbak’s Jack Perry, Gray Television, Launch VUit, New Streaming Service For Live Local Content

ATLANTA, Aug.  31, 2020  (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) has named Jay Webb the General Manager of WHSV (ABC) and WSVF (CBS/Fox) in Harrisonburg, Virginia (DMA 175).  For the past five years, Jay has served as the News Director for this operation, a position he will continue to hold as General Manager.  Jay first joined WHSV in 2000, left for Gray’s WDBJ (CBS) in Roanoke in 2006, and returned to Harrisonburg in 2013.  Jay has recently served as Vice President (2017/18) and President (2018/19) of the Virginias Associated Press Broadcasters. 

Gray Names Jay Webb as General Manager of WHSV and WSVF

ATLANTA, Aug.  24, 2020  (GLOBE NEWSWIRE) --  The National Association of Broadcasters Leadership Foundation selected Gray Television, Inc. (“Gray,” “we,” or “our”) (NYSE: GTN) and two of its television stations as winners, and three of its other stations as finalists, for this year’s coveted Service to America Awards. The NABLF’s Service to America Awards recognize outstanding community service by local broadcasters and selects local radio and television stations and one group owner each year for their exemplary service to their communities.

NAB’s Leadership Foundation Honors Gray Television and Several of Its Local Stations for 2020 Service to America Awards

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Gray Television, Inc.'s (GTN) CEO Hilton Howell on Q2 2020 Results - Earnings Call Transcript

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ATLANTA, GA, June  09, 2020  (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) today announced the promotions of Lori Bruffett and Scott Sanders to General Manager positions. 

Gray Promotes Two Managers to New General Manager Positions

Gray Television (GTN) could produce exceptional returns because of its solid growth attributes.

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As of late, it has definitely been a great time to be an investor of Gray Television

Will Gray Television Continue to Surge Higher?

Why Gray Television Is A Long-Term Hold And TEGNA Is A Potential Trade

Gray Television (NYSE:GTN) owns local networks in 91 metro markets in the South, Midwest and Southwest US, with 150 local stations carrying all of the major US networks.

Televised Dividends

ATLANTA, May  13, 2020  (GLOBE NEWSWIRE) --  Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today that the Radio Television Digital News Association (RTDNA) awarded a combined 49 regional Edward R. Murrow awards for excellence in journalism to 21 of Gray Television’s local stations.  Among these coveted honors are:

RTDNA Awards 49 Regional Edward R. Murrow Awards to 21 Gray Television Stations

ATLANTA, GA, May  11, 2020  (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) today announced that Jama Killingsworth, Kerri Blanco, Tim Walker, and Jacque Harms will lead Gray’s stations in the Huntsville, Colorado Springs, Hattiesburg, and Meridian markets. 

Gray Promotes Four of Its Leaders to New General Manager Positions

Gray Television's (GTN) CEO Hilton Howell on Q1 2020 Results - Earnings Call Transcript

Gray Television (GTN) delivered earnings and revenue surprises of 73.91% and -0.74%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Gray Television (GTN) Tops Q1 Earnings Estimates

ATLANTA, May  05, 2020  (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today that, during March and April 2020 alone, our television stations collectively helped to raise more than $12,600,000 in donations benefiting local residents and local organizations in need.  The efforts included a wide variety of telethons, on-air and online fundraisers, musical concerts, and other events lasting from one hour to a few weeks. 

Gray Television’s Stations Help to Raise Over $12.6 Million  for Local Relief Efforts in March and April  

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ATLANTA, April  24, 2020  (GLOBE NEWSWIRE) -- Gray Television, Inc. (NYSE:GTN) announced today that due to the public health impact of the novel coronavirus and COVID-19 and to support the health and well-being of its shareholders, employees, and their families, it will hold its Annual Meeting of Shareholders (the “Annual Meeting”) in a virtual meeting format only, via webcast, in place of a physical gathering.

Gray Announces Change of Location of Annual Meeting of Shareholders to a Virtual Meeting Format

ATLANTA, April  21, 2020  (GLOBE NEWSWIRE) --  Gray Television, Inc. (NYSE: GTN) announced today a number of internal promotions that will be effective on May 1, 2020.

Growth of Gray Television Leads to Management Changes

ATLANTA, April  16, 2020  (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today more than 50 of its stations will broadcast “Singing For Their Supper”, a one-hour telethon to benefit local food banks in the markets with participating stations.  The program will air on Saturday, April 18th at 7 p.m. ET/6 p.m. CT and will feature virtual performances by country stars and singer-songwriters.  

Gray Stations Unite to Support Local Food Banks with “Singing For Their Supper” Special

ATLANTA, Georgia, April  10, 2020  (GLOBE NEWSWIRE) -- Gray Television, Inc. (NYSE: GTN) has launched a new campaign to promote essential local businesses that remain open for customers in the midst of state and local restrictions.  About four dozen of Gray’s stations have launched their own interactive, online local business directories in the past two weeks featuring approximately 4,600 companies who collectively employ many thousands of residents in Gray’s markets.  Gray anticipates that its remaining stations will roll out the directory in the coming days, and that the directories collectively will feature over 10,000 local businesses by the end of April.

Gray Television Stations Create Online Directory in Campaign to Promote Thousands of Essential Local Companies Who Remain Open for Business

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