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.
Company Overview
Gray Media Inc (NYSE: GTN), formerly known as Gray Television Inc, is a leading multimedia company headquartered in Atlanta, Georgia. With a robust presence in the broadcast industry and a comprehensive suite of digital assets, Gray Media partners with communities nationwide by owning and operating top-rated local television stations and offering innovative digital marketing solutions. The company’s expansive portfolio spans numerous television markets, granting it significant influence in delivering local news, sports, and entertainment to millions of households.
Business Model & Operations
Gray Media operates through a multi-faceted business model that includes:
- Local Broadcasting: Owning and operating an impressive network of television stations in key markets with affiliations to major networks such as ABC, CBS, NBC, and FOX. This ensures a dominant market position in delivering local, reliable content.
- Digital Innovation: Gray Digital Media, the company’s full-service digital agency, crafts advanced digital marketing strategies, offering clients a range of digital products and services that leverage the evolving capabilities of the online ecosystem.
- Content Production: The company further diversifies its operations with subsidiaries in video production, including established groups that produce sports and entertainment content from studio production facilities, ensuring high-quality and innovative media offerings.
- Advertising & Revenue Streams: Revenue is generated not only through traditional broadcast advertising and retransmission fees but also via digital advertising, making it resilient against market fluctuations and attuned to changing audience consumption patterns.
Digital Transformation and Industry Expertise
With the convergence of traditional media and digital delivery, Gray Media has embraced technological insights to remain at the forefront of the rapidly changing broadcast landscape. Through strategic investments in ATSC 3.0 and other digital transmission innovations, the company ensures faster, more secure, and cost-effective data delivery, positioning itself uniquely against competitors. Its simultaneous commitment to both over-the-air broadcasts and enhanced digital services reinforces its reputation as a pioneer in adapting classic media platforms for the digital age.
Competitive Landscape & Market Significance
Occupying a critical space in the American media landscape, Gray Media’s extensive network reaches a significant portion of television households nationally. The company leverages its dual platforms—broadcast and digital—to create synergies that amplify its market presence. By collaborating on live sports, local news, and community-driven entertainment across diverse channels, Gray Media not only reinforces its competitive status but also showcases its capacity to innovate while maintaining high audience engagement.
Commitment to Quality & Local Impact
Gray Media places strong emphasis on producing high-quality, local content tailored to the unique tastes and needs of regional audiences. With a deep-rooted commitment to local journalism, sports broadcasting, and community storytelling, the company consistently demonstrates its expertise and experience. Whether through award-winning investigative journalism, comprehensive live-event coverage, or cutting-edge digital marketing campaigns, Gray Media delivers reliable and engaging content that builds trust among viewers and advertisers alike.
Summary
In summary, Gray Media Inc stands as a multifaceted multimedia powerhouse whose operations extend well beyond traditional television broadcasting. Its strategic integration of digital assets, content production capabilities, and strong local market presence positions the company as a foundational entity in media evolution. For investors and analysts, Gray Media’s diversified structure, emphasis on technological advancement, and solid operational practices offer a clear insight into its robust and dynamic business model within an ever-evolving industry.
Gray Television has secured a new agreement with Telemundo Network Group, extending affiliations across 12 existing markets and enabling launches in 22 new markets. This move will enhance Gray's operations to provide Telemundo programming to a total of 34 markets with over 3.75 million Hispanic viewers. Notably, the new 'Telemundo Georgia' network will serve several cities in Georgia, prioritizing local content and news aimed at underserved Hispanic communities. The strategic expansion aligns with significant Hispanic growth in the Southern U.S. over the past decade.
Gray Television has received the First Place National Headliner Award for its investigative report, Collision Division, which highlights federal crash standards that favor men over women. The investigation showed that only one out of three main safety tests incorporates female crash test dummies, despite the higher risk of injury for women. This report prompted lawmakers to act, leading to a congressional provision for a thorough investigation of crash-testing protocols. Gray Television's commitment to impactful journalism continues to drive change in safety regulations.
Gray Television (GTN) has been recognized as five of its stations were selected as finalists for the Service to America Awards by the National Association of Broadcasters Leadership Foundation.
The awards celebrate community service by local broadcasters, with winners announced at a gala on June 7, 2022. Notably, all finalists in the Medium Market category are Gray Television stations, showcasing its leadership in quality journalism and commitment to improving local communities.
Gray Television has appointed John O’Brien as the new General Manager of WAVE3, the NBC affiliate in Louisville, Kentucky, effective April 25, 2022. O’Brien previously served as General Manager at Gray's WNDU in South Bend, Indiana, for 14 years, where he significantly expanded local news programming and earned accolades such as the Indiana Broadcasters Association's 'Station of the Year.' O’Brien replaces Ronna Corrente, recently promoted to Senior Vice President-Local Media.
Gray Television (NYSE: GTN) has successfully acquired WKTB-CD, enhancing its reach in the Atlanta market with over one million viewers, primarily targeting Spanish and Korean audiences. The acquisition also includes Surge Digital Media, a digital marketing agency specializing in multicultural marketing. Susan Sim Oh has been appointed as Vice President of Strategy and Operations for the Telemundo Station Group, while Coline Sim takes on the role of Director of Telemundo Atlanta Operations. This acquisition expands Gray's operations across 12 markets, enhancing its leadership in local broadcasting.
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.
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