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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Earnings data Q1 2024

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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.

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7 ‘Strong Buy' Value Stocks You Should Be Loading Up On Now

ATLANTA, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray ” ) (NYSE: GTN) announced Brian Daugh er ty today becomes the General Manager of Gray's WCSC, the local CBS affiliate in Charleston, South Carolina.  He succeeds Dan Cates, who recently retired after a long and distinguished career.

Brian Daugherty Promoted to General Manager of WCSC in Charleston, South Carolina

Agreement sets stage for continued investment in local news and community services Agreement sets stage for continued investment in local news and community services

Gray Renews CBS Network Affiliations Covering All 54 Existing Markets

Gray Television ( GTN , Financial) is a media company that owns and operates high-quality stations in 113 television markets, collectively reaching 36% of U.S. households, including markets like Atlanta, Tampa, Cleveland, Charlotte, Orlando, Jacksonville and Knoxville. Yet, the company doesn't get much press because it's focused on local TV stations.

Gray Television: A Strong Brand in Local Television

ATLANTA, June 16, 2023 (GLOBE NEWSWIRE) --   Gray Television, Inc. (“Gray ” ) (NYSE: GTN) today announced the promotion of Joel Swisher as the next General Manager of Gray's WSAZ (NBC) and WQCW (CW) in Charleston-Huntington, West Virginia.

Gray Promotes Joel Swisher to General Manager of WSAZ and WQCW in Charleston-Huntington, West Virginia

ATLANTA , June 15, 2023 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray ” ) (NYSE: GTN) today announced the promotion of David Hughes as the next General Manager of Gray's WOIO (CBS) and WUAB (CW) in Cleveland, Ohio.   He succeeds Matt Moran, who recently became a Senior Managing Vice President at Gray. David joins the Cleveland stations on June 26, 2023.

David Hughes Named General Manager of WOIO and WUAB in Cleveland

ATLANTA, June 07, 2023 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) received the 2023 Celebration of Service to America Award for TV Ownership Group at a formal ceremony in Washington, DC, yesterday. The award recognized the outstanding work of Gray's InvestigateTV unit and its series, “The Sixth,” which exposed a critical shortage of public defenders across the country. Each year, the National Association of Broadcasters Leadership Foundation presents the Celebration of Service to America Awards to honor excellence in community service by local radio and television stations.

Gray Television and its Stations Honored by Service to America, National Headliner, and Several Other Prestigious Awards

ATLANTA, May 30, 2023 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today that the Radio Television Digital News Association (RTDNA) awarded a combined 78 regional Edward R. Murrow awards for excellence in journalism to 31 of Gray's local stations, led by 10 separate awards to Hawaii News Now in Honolulu, Hawaii, and seven separate awards to WVUE in New Orleans, Louisiana. Among the highest honors:

RTNDA Awards 78 Regional Edward R. Murrow Awards to 31 Gray Television Stations

ATLANTA, May 24, 2023 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray ” ) (NYSE: GTN) today announced the promotion of Matt Moran to Senior Managing Vice President, through which he will oversee a group of Gray's television markets in the Midwest, effective immediately.

Matt Moran Promoted to Senior Managing Vice President at Gray Television

ATLANTA, May 23, 2023 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray ” ) (NYSE: GTN) today announced the promotions of Matt Jaquint to Chief Revenue Officer and of Mike King to Chief Marketing Officer.

Gray Expands the Roles of Matt Jaquint and Mike King

ATLANTA, May 22, 2023 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray ” ) (NYSE: GTN) promoted Sandy Breland from Senior Managing Vice President to the role of Executive Vice President and Chief Operating Officer, effective today. Sandy succeeded Bob Smith, who recently retired after a long career with Gray in various capacities.

Sandy Breland Named Gray's Chief Operating Officer

Gray Television (GTN) came out with a quarterly loss of $0.48 per share versus the Zacks Consensus Estimate of a loss of $0.30. This compares to earnings of $0.52 per share a year ago.

Gray Television (GTN) Reports Q1 Loss, Tops Revenue Estimates

ATLANTA, May 05, 2023 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) today announced financial results for the first quarter ended March 31, 2023, reflecting our total revenue of $801 million, that was above our revenue guidance and total operating expenses (before depreciation, amortization and loss on disposal of assets) of $640 million, which, after excluding $35 million of production segment operating charges as discussed below, was near the low end of our expense guidance for the quarter. Gray took several steps in the first quarter to manage its leverage and ensure its access to ample liquidity should macroeconomic circumstances become more challenging the rest of this year.

Gray's Operating Results for the First Quarter Driven by Continued Strong Demand and Execution

Gray Television Inc. ( GTN , Financial) is a broadcasting powerhouse, the second largest in the U.S. Its stations serve 113 television markets that reach 36% of American households. Of those stations, 79 are ranked number one in their markets, while 101 enjoy the highest or second-highest rankings.

Dividends and Capital Gains Opportunities at Gray Television

ATLANTA, April 25, 2023 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray ” ) (NYSE: GTN) announced that Eric Walters will become the General Manager of KMVT (CBS) and KSVT-LD (FOX) in Twin Falls, Idaho (DMA 190), effective June 12, 2023.   Eric will succeed Kathy Silk, who last month announced her retirement after nearly 30 years in the broadcast industry.

Eric Walters Named General Manager of KMVT/KSVT in Twin Falls, Idaho

ATLANTA, April 18, 2023 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) today announced plans to launch a new weekday news magazine program called InvestigateTV+. Beginning on September 11, 2023, the news magazine will showcase groundbreaking investigations featuring Gray's award-winning InvestigateTV unit, plus consumer, health, and original content curated from Gray's 113 local markets.

News Magazine Program InvestigateTV+ Debuts this Fall

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 and Micheal Smith Become Gray's Newest Corporate Officers

GTN is a leading owner of local TV stations affiliated with all 4 of the big 4 networks. GTN historically does well during election years due to political advertisements.

Gray Television: Highly Profitable But Debt Is An Overhang

ATLANTA, March 08, 2023 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) today promoted its five Senior Vice Presidents-Local Media to the new position of Senior Managing Vice President, effective immediately.

Gray Promotes Five Senior Vice Presidents to New Senior Positions

ATLANTA, March 06, 2023 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) today released its first Environmental, Social, and Governance (ESG) Report. The report, which covers calendar year 2022, describes Gray's progress in many areas with focuses on our people, social impact, sustainable business operations, and responsible business practices.

Gray Releases Its First ESG Report

ATLANTA, March 02, 2023 (GLOBE NEWSWIRE) --  Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today that long-time, large-market newsroom leader and strategist Jennifer Rigby has joined Gray's recently launched in-house news research and consulting team.

Respected News Veteran Jennifer Rigby Joins Gray's In-House News Research and Consulting Group

Gray Television, Inc. (NYSE:GTN ) Q4 2022 Earnings Conference Call February 24, 2023 11:00 AM ET Company Participants Hilton Howell - Chairman & CEO Pat LaPlatney - President & Co-CEO Kevin Latek - Chief Legal & Development Officer Jim Ryan - CFO Bob Smith - COO Conference Call Participants Dan Kurnos - Benchmark Company James Goss - Barrington Research Alan Gould - Loop Capital Craig Huber - Huber Research Partners Nick Zangler - Stephens Michael Kupinski - Noble Capital Markets Steven Cahall - Wells Fargo Operator Ladies and gentlemen, thank you for joining the 2022 Q4 Earnings Call. I will now turn the call over to President and CEO, Mr.

Gray Television, Inc. (GTN) Q4 2022 Earnings Call Transcript

Gray Television (GTN) delivered earnings and revenue surprises of 8.67% and 2.38%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Gray Television (GTN) Beats Q4 Earnings and Revenue Estimates

ATLANTA, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) today announced financial results for the fourth quarter ended December 31, 2022, reflecting revenue above our guidance and expenses near the low end of our guidance for the quarter.

Gray Finishes 2022 In A Strong Position and Issues Stable Outlook for 2023

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.

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