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

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

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.

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

Here is how Gray Television (GTN) and Rocky Brands (RCKY) have performed compared to their sector so far this year.

Is Gray Television (GTN) Outperforming Other Consumer Discretionary Stocks This Year?

The consensus price target hints at a 28.2% upside potential for Gray Television (GTN). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Can Gray Television (GTN) Climb 28% to Reach the Level Wall Street Analysts Expect?

Hilton Worldwide Holdings

Gray Television, Inc.'s (GTN) CEO Hilton Howell on Q4 2021 Results - Earnings Call Transcript

WASHINGTON, D.C., Feb. 25, 2022 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) today promoted Lisa Allen to the new position of Vice President and General Manager of Washington Operations, effective immediately.

Lisa Allen Promoted to General Manager of Gray's Washington Operations

Gray Television (GTN) delivered earnings and revenue surprises of 254.55% and 8.34%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Gray Television (GTN) Q4 Earnings and Revenues Top Estimates

ATLANTA, Feb. 25, 2022 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) today announced financial results for the fourth quarter ended December 31, 2021. While the quarter did not include political advertising revenue at the robust levels experienced in the fourth quarter of 2020, our total revenues of $721 million were strong for an off-year of the two-year political advertising cycle, and higher than our anticipated results due to continued improvement in economic conditions and our acquisition of the Local Media Group of Meredith Corporation on December 1, 2021, and Quincy Media on August 2, 2021. Most notably, in the fourth quarter 2021 our combined local and national broadcast advertising revenue, excluding political advertising revenue (“Total Core Revenue”) increased by 26%, and our retransmission consent revenue increased by 35%. Our total revenue for the year ended December 31, 2021 was $2.4 billion, the highest we have ever reported.

Gray Reports Solid 2021 Performance and is Poised for a Strong 2022

ATLANTA, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today the promotion of Micheal Smith to serve in the newly created position of Station Manager for Gray's independent station PeachtreeTV (WPCH-TV) in Atlanta, Georgia. For the past several years, he has served as the marketing manager for both WGCL CBS 46 and PeachtreeTV.

Gray Announces Promotion of Micheal Smith to Station Manager of PeachtreeTV in Atlanta

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.

Earnings Preview: Gray Television (GTN) Q4 Earnings Expected to Decline

ATLANTA, Feb. 18, 2022 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) today promoted Patience Hettrick to Station Manager of WGGB-TV ABC 40 and WSHM-LD CBS 3 in Springfield, Massachusetts, effective immediately.

Gray Promotes Patience Hettrick to Station Manager of its Springfield, Massachusetts, Stations

WASHINGTON, D.C., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “we,” or “our”) (NYSE: GTN) today announced plans to create the Gray Media Training Center in partnership with WLBT, our top-ranked NBC affiliate in Jackson, Mississippi.

Gray Launches Media Training Center to Enhance Industry Diversity and Train the Next Generation of Media Leaders

LAS VEGAS--(BUSINESS WIRE)--Emmy Award-winning production company Tupelo Honey and Las Vegas television station KVVU FOX5 today announced the launch of a new syndicated television series, BEAT THE ODDS. Gray Television owns both Tupelo Honey and KVVU Fox5 and will clear the pilot episode on February 11 across select owned and operated stations reaching approximately one quarter of US television households. In the third quarter of 2022, Tupelo Honey plans to begin production of the 30-minute wee

Sports Betting Series BEAT THE ODDS Launches on February 11

Gray Taps Susan Sim Oh to Lead and Expand Gray's Telemundo Station Group Gray Taps Susan Sim Oh to Lead and Expand Gray's Telemundo Station Group

GRAY EXPANDS ITS ATLANTA MEDIA INVESTMENTS WITH PURCHASE OF TELEMUNDO ATLANTA

ATLANTA, Jan. 26, 2022 (GLOBE NEWSWIRE) -- Gray Television, Inc. (NYSE: GTN) today announced that it will release its earnings results for the quarter ending December 31, 2021 on Friday, February 25, 2022.

GRAY SETS DATE FOR FOURTH QUARTER EARNINGS RELEASE AND EARNINGS CONFERENCE CALL

While the emergence of streaming services damaged most media companies, Gray's acquisition of fellow media company Meredith Corporations Local Media Group gave the company a boost in revenue.

Gray Television: An Overlooked Broadcasting Company

ATLANTA, Jan. 03, 2022 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today that Stephanie Hedrick will become the General Manager of KTTC (NBC) in Rochester, Minnesota (DMA 151), effective January 10th.

Stephanie Hedrick Named General Manager of KTTC in Rochester, MN

ATLANTA, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today that Michael Hornfeck has joined Gray as its General Manager of KOLD (CBS) in Tucson, Arizona (DMA 69). He succeeds Eric Duncan, who Gray recently named as the new General Manager of WALA (FOX) in Mobile, Alabama (DMA 57).

Gray Names Michael Hornfeck to Lead KOLD in Tucson

Business First Bancshares Inc.

Bio-Rad Laboratories

B. Riley Financial

Commercial Metals

CTO Realty Growth

Enova Int.

Northeast Bancorp

PennyMac Financial Services

SmartFinancial

The Bunny Portfolio is hopping again. It bounced to a 36.6% return in the past year.

The Bunny Roared in 2021

Is Gray Television (GTN) a great pick from the value investor's perspective right now? Read on to know more.

Should Value Investors Pick Gray Television (GTN) Stock Now?

ATLANTA, Dec. 08, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today a significant expansion of its National Investigative Team called InvestigateTV.

GRAY TELEVISION EXPANDS NATIONAL INVESTIGATIVE UNIT

Sports Fans Can Now Access Origin Sports on Samsung TV Plus and The Roku Channel Sports Fans Can Now Access Origin Sports on Samsung TV Plus and The Roku Channel

Origin Sports Network, Powered by Gray Television's Raycom Sports, Expands Distribution Partners

ATLANTA, Nov. 23, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) today named Jennifer Rieffer as the new General Manager of WXIX (FOX) in Cincinnati, Ohio (DMA 35).

Gray Names Jennifer Rieffer to Lead WXIX in Cincinnati

ATLANTA, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) today named several new General Managers across its television station portfolio. These appointments follow Gray's recent announcement of its promotion of several internal leaders into new leadership roles at certain of the television stations that Gray will acquire from Meredith Corporation. All new General Manager appointments will become effective at the closing of the Gray/Meredith transaction, which is expected to occur in December 2021.

Gray Names New General Managers

ATLANTA, Nov. 15, 2021 (GLOBE NEWSWIRE) --  Gray Television, Inc. (“Gray”) (NYSE: GTN) today announced that several of its current General Managers will assume leadership of television stations that Gray will acquire from Meredith Corporation (“Meredith”) effective at the closing of Gray's acquisition of Meredith's Local Media Group, which the parties anticipate will occur in December 2021.

Gray Television Announces New General Managers for Certain Meredith Markets

ATLANTA, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today that it has completed its previously announced offering of $1,300.0 million in aggregate principal amount of 5.375% senior notes due 2031 (the “Notes”) by Gray Escrow II, Inc., a special purpose wholly owned subsidiary of Gray (the “Escrow Issuer”). The Notes were issued at 100.000% of par.

GRAY ANNOUNCES CLOSING OF OFFERING OF $1,300.0 MILLION OF 5.375% SENIOR NOTES DUE 2031

MEDINA, Ohio--(BUSINESS WIRE)--Family Entertainment Holdings Receives Growth Investment from Seaport Capital and Gray Television

News for Gray TV Stock (GTN)