Welcome to our dedicated page for Gray Television news (Ticker: GTN), a resource for investors and traders seeking the latest updates and insights on Gray Television stock.
Gray Television, Inc. (GTN) is a leading television broadcast company headquartered in Atlanta, Georgia. The company owns and operates television stations and leading digital assets across the United States. Gray's portfolio includes stations in 114 television markets, collectively reaching approximately 36 percent of U.S. television households, with top-rated stations in 79 markets and the first or second highest-rated stations in 102 markets.
Gray Television operates 139 program streams, including 76 affiliates of the country's four major networks—ABC, CBS, NBC, and FOX. Specifically, Gray owns and operates 26 CBS-affiliated channels, 24 NBC-affiliated channels, 16 ABC-affiliated channels, and 10 FOX-affiliated channels. Notably, the company owns and operates the number-one ranked television station in 29 of its 44 markets and the number-one or number-two ranked television station operations in 40 of these markets. This widespread reach allows Gray to influence approximately 8.1 percent of total U.S. television households.
The company operates primarily in two segments: Broadcasting and Production. The Broadcasting segment generates the majority of Gray's revenue by operating local television stations across the U.S. The Production segment includes video program production, marketing, and digital business. Gray Television also owns video program companies such as Raycom Sports, Tupelo Media Group, and PowerNation Studios, as well as studio production facilities like Assembly Atlanta and Third Rail Studios. Additionally, Gray owns a majority interest in Swirl Films.
Recent achievements highlight Gray's commitment to quality journalism and community service. WANF (CBS) in Atlanta won the Large Market category for its investigative series
Gray Television, Inc. (NYSE: GTN) will announce its earnings results for Q1 2022 on May 6, 2022. The earnings conference call is scheduled for the same day at 11:00 a.m. ET, accessible via phone at 1-855-493-3489 (confirmation code: 8298523) and online at www.gray.tv. Gray Television is the largest owner of local television stations in the U.S., serving 113 markets and reaching approximately 36% of U.S. households.
Gray Television, Inc. (NYSE: GTN) announced the promotion of six General Managers to enhance its senior management team. Ronna Corrente is appointed Senior Vice President-Local Media, overseeing Southeast television markets. The newly created Regional Vice President/General Manager position has five General Managers now managing additional markets. This restructuring follows the resignation of Chris Mossman, former Senior Vice President-Local Media, to pursue other opportunities. Gray operates the largest portfolio of top-rated local television stations in the U.S., reaching approximately 36% of U.S. households.
Gray Television has appointed Rob Boenau as the new General Manager of KOLD (CBS) in Tucson, Arizona. Boenau brings over 20 years of marketing experience from his previous role as Marketing Director for Gray’s WOIO and WUAB in Cleveland, where he led successful brand launches and digital initiatives, including the introduction of Telemundo Cleveland. Gray Television, based in Atlanta, is the largest owner of local television stations in the U.S., operating in 113 markets and reaching about 36% of U.S. households.
Gray Television, Inc. (NYSE: GTN) announced the election of Lorri McClain as an independent Director, effective March 1, 2022. The Board voted to expand by one seat to accommodate her. McClain is the President of Reicon Management, Inc. and possesses substantial experience in the media sector, previously leading Prestige Communications. With her diverse background in both business and philanthropy, McClain aims to contribute valuable insights to Gray’s Board. CEO Hilton H. Howell, Jr. expressed enthusiasm for her appointment, highlighting the fresh perspective she brings.
Gray Television, Inc. has promoted Lisa Allen to Vice President and General Manager of Washington Operations. Effective immediately, she will oversee Gray's Capitol Hill operations, ensuring integration with newsrooms across the company. Allen has been with Gray since 2019 as Executive Producer of 'Full Court Press with Greta Van Susteren.' Gray's Washington operations include a news bureau, political analysis, and a team of investigative journalists. The company aims to enhance its political content and journalism quality under her leadership.
Gray Television, Inc. (GTN) reported its fourth-quarter 2021 revenues of $721 million, a 9% decline from the previous year, primarily due to a significant drop in political advertising revenue. However, the acquisition of Meredith's Local Media Group and Quincy Media positively impacted core revenue, with a 26% increase in local and national advertising. Full-year revenue reached $2.4 billion, marking an all-time high. Despite the growth, net income fell by 89% year-over-year to $38 million, primarily due to increased expenses related to acquisitions. The company plans to maintain a robust share repurchase program.
Gray Television (NYSE: GTN) has announced a quarterly cash dividend of $0.08 per share for both common and Class A common stock. This dividend is scheduled for payment on March 31, 2022, to shareholders on record as of March 15, 2022.
As the largest owner of local television stations in the U.S., Gray serves 113 markets, reaching approximately 36% of U.S. television households, including numerous top-rated stations.
Gray Television, Inc. (NYSE: GTN) has appointed Micheal Smith as the Station Manager for its independent station PeachtreeTV (WPCH-TV) in Atlanta. With over 25 years in broadcasting, Smith previously served as the marketing manager for WGCL CBS 46 and PeachtreeTV. His extensive experience in the Atlanta market is expected to enhance local programming. Erik Schrader, General Manager, expressed confidence in Smith’s ability to elevate PeachtreeTV and is enthusiastic about the new programming direction.
Gray Television has promoted Patience Hettrick to Station Manager of WGGB-TV ABC 40 and WSHM-LD CBS 3 in Springfield, Massachusetts, effective immediately. She has served as news director for both stations since March 2015 and retains that role in her new position. Hettrick has a significant background in broadcast news, having previously worked at WFSB CBS 3 in Hartford, Connecticut. She also teaches at Middlesex Community College and holds a Master’s degree in education from the University of Hartford.
Gray Television has announced the launch of a new syndicated television series titled BEAT THE ODDS, produced by Tupelo Honey in collaboration with KVVU FOX5 in
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