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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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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ATLANTA, Georgia, March  30, 2020  (GLOBE NEWSWIRE) -- . . . Gray Television, Inc. (“Gray”) (NYSE: GTN) has chosen two highly qualified managers from within its ranks to lead its television stations in Shreveport and Dothan.

Gray Promotes Sacha Purciful and Robby Thomas to Lead its Top-Rated Stations in Shreveport and Dothan

Later on the same day, Phoenix based private equity firm, Najafi Companies and arguably the world’s largest faith-based religious broadcaster, Trinity Broadcasting Network made a joint bid for TGNA.

Gray Television Withdraw Bid For Tegna

Gray Television is said to have withdrawn its bid for Tegna, The company had offered $20 a share, or $8.5 billion in combined cash and stock for Tegna.

Gray Television Said To Withdraw Bid For Tegna

Gray Television (GTN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Gray Television (GTN) Upgraded to Buy: Here's What You Should Know

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Gray Television (GTN) delivered earnings and revenue surprises of 65.31% and 4.68%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Gray Television (GTN) Surpasses Q4 Earnings and Revenue Estimates

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ATLANTA, Jan.  30, 2020  (GLOBE NEWSWIRE) -- . . . Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today its promotion of Ronna Corrente to General Manager of WVUE Fox8, the top-rated television station in the New Orleans, Louisiana, market.  In addition, Joe Sciortino, currently the General Manager of KSLA News12 in Shreveport, will succeed Ronna as General Manager of WAFB, the powerhouse CBS affiliate in Baton Rouge, Louisiana. 

Gray Promotes Ronna Corrente and Joe Sciortino to Lead Its Top-Rated New Orleans and Baton Rouge Stations

ATLANTA, Jan.  15, 2020  (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced that veteran broadcaster Rick Blangiardi retired today as Vice-President and General Manager of Hawaii News Now, the KHNL (NBC) and KGMB (CBS) combination serving all of the Aloha State.  Effective immediately, Katie Pickman moves up from Director of Sales to succeed Mr. Blangiardi, thereby ensuring a smooth transition for Hawaii’s largest local multi-media organization.

Gray Announces the Retirement of Rick Blangiardi and the Promotion of Katie Pickman in Hawaii

ATLANTA, Jan.  07, 2020  (GLOBE NEWSWIRE) --  Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today the retirement of decorated broadcast veteran and Senior Vice President-Local Media Brad Streit on February 12, 2020.  Upon his retirement, WVUE New Orleans, Louisiana, General Manager Tim Ingram will be promoted to Senior Vice President-Local Media and assume Brad’s role in overseeing numerous television markets for Gray.

Gray Announces Retirement of Brad Streit and Promotion of Tim Ingram

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ATLANTA, Nov.  07, 2019  (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” the “Company,” “we,” “us” or “our”) (NYSE: GTN and GTN.A) announced today that its Board of Directors has authorized the Company to repurchase up to $150 million of outstanding common stock (GTN) and/or Class A common stock (GTN.A) through December 31, 2022. 

GRAY ANNOUNCES NEW SHARE REPURCHASE AUTHORIZATION

Atlanta, Oct.  28, 2019  (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today the retirement of two veteran broadcasters. In Greenville-New Bern, North Carolina, Mark Gentner will retire as the General Manager of WITN (NBC) effective November 1, 2019. In Charlottesville, Virginia, Harold Wright will retire as General Manager of WVIR (NBC) effective January 31, 2020. Gray also announced that Ron Henslee will become General Manager of WITN following Mark’s retirement, and David Hughes will become General Manager of WVIR upon Harold’s retirement.

Gray Announces General Manager Retirements and Promotions in Greenville and Charlottesville

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WASHINGTON, D.C. , Sept.  04, 2019  (GLOBE NEWSWIRE) --  On Sunday, September 8th, Gray Television, Inc. (NYSE: GTN) will launch a new weekly syndicated Sunday political show, “Full Court Press with Greta Van Susteren.”  Gray’s Chief National Political Analyst, Greta Van Susteren, will host and moderate the show from Washington, D.C.  Ms. Van Susteren welcomes Democratic presidential candidate Tulsi Gabbard as her first guest.

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