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 Media (NYSE: GTN) has partnered with the Memphis Grizzlies and FanDuel Sports Network to simulcast five upcoming Grizzlies games across Tennessee's three largest markets. The games will be broadcast free, over-the-air in Memphis, Nashville, and Knoxville from March 12th to April 13th, 2025.
The broadcasts will be available on WMC-TV in Memphis, WSMV-TV in Nashville, and WBXX/MyVLT in Knoxville. The coverage includes the FanDuel Sports Network broadcast team and Grizzlies LIVE pre and post-game shows. The Grizzlies, currently second in the NBA's Western Conference and fourth overall, will feature stars Ja Morant, Jaren Jackson Jr., and Desmond Bane.
Gray Media (NYSE: GTN) has declared a quarterly cash dividend of $0.08 per share for both its common stock and Class A common stock. The dividend will be paid on March 31, 2025, to shareholders who are on record as of the close of business on March 14, 2025. This dividend announcement follows the Board of Directors' authorization.
Gray Media (NYSE: GTN) reported strong Q4 2024 financial results, with total revenue reaching $1.0 billion, up 21% year-over-year. The company achieved $497 million in political advertising revenue for full-year 2024, leading among peers. Q4 highlights include:
- Net income of $156 million, compared to a $22 million loss in Q4 2023
- Political advertising revenue increased 658% to $250 million
- Core advertising revenue decreased 8% to $380 million
- Retransmission consent revenue slightly declined 1% to $361 million
The company reduced its debt by $520 million in 2024 and maintained strong financial metrics with First Lien Leverage Ratio at 2.97x and total Leverage Ratio at 5.49x. For Q1 2025, Gray expects core advertising revenue to decline 7-8%, partly due to Super Bowl broadcasting changes and one less selling day.
Gray Media (NYSE: GTN) has appointed Blake Sebo as the new General Manager of KTUU and KYES, their NBC and CBS affiliates in Anchorage, Alaska. Sebo brings nearly twenty years of broadcast television experience, most recently serving as Sales Manager at KHBS/KHOG-TV in Fort Smith-Fayetteville, Arkansas, where he led the team to their first #1 audited finish.
Previously, Sebo spent thirteen years as Marketing and Research Director at KFSM-TV in Fort Smith, helping achieve #1 position in ratings and revenue. He is a University of Arkansas at Fort Smith graduate with board experience at March of Dimes and Northwest Arkansas Food Bank.
Gray Media operates as the nation's largest owner of top-rated local television stations, reaching approximately 37% of US television households across 113 markets. The company holds the top-rated station in 78 markets and first/second highest-rated stations in 99 markets during 2024.
Gray Media and the Atlanta Dream have renewed their broadcast partnership for the 2025 WNBA season. Through this partnership, all Dream non-national exclusive games will be available on Peachtree TV through free over-the-air broadcasts and major cable providers. The Dream has seen significant growth, with a full-season 20 game sell-out last season and broadcast numbers increasing 10x from previous seasons.
Peachtree Sports Network will simulcast games and additional Dream-related programming across multiple Georgia cities. Gray Media, based in Atlanta, has extensive sports broadcasting partnerships, including agreements with various professional teams across different leagues. The company reaches approximately 36% of US television households through its 113 television markets.
Gray Media announced it will broadcast Super Bowl LIX using High Dynamic Range (HDR) technology across its NEXTGEN TV FOX affiliates in eight markets. The company has implemented both Dolby Vision and HDR10+ formats at WVUE (New Orleans), WHNS (Greenville-Spartanburg), WBRC (Birmingham), KPTV (Portland), and WALA (Mobile). HDR enhancements were previously launched at KVVU (Las Vegas), WXIX (Cincinnati), and WFLX (West Palm Beach).
Additionally, Gray introduced GameLoop, a free NEXTGEN TV gaming channel featuring classic games like Pac-Man, Tetris, and Doodle Jump, currently available in Atlanta (WANF) and New Orleans (WVUE). The company plans to expand GameLoop to more markets soon.
Gray Media operates as the largest owner of top-rated local television stations in the US, reaching approximately 36% of US television households across 113 markets.
Gray Media (NYSE: GTN) has partnered with the Kansas City Royals to simulcast 10 regular season games on KCTV5 (CBS) and KSMO (MyNetwork). This partnership will provide free access to Royals games for nearly 7 million households across Missouri, Kansas, Nebraska, Iowa, and Arkansas.
All 10 games will be broadcast on KSMO, with at least 6 also airing on KCTV5. The games will be shown on Sundays throughout the season, with specific dates to be announced before Opening Day on March 27. The partnership includes plans for additional programming featuring Royals players, coaches, leadership, and alumni to enhance fan engagement.
This collaboration with FanDuel Sports Network, the Royals' rightsholder partner, aims to expand viewing options for fans across cable, streaming, and local TV platforms.
Gray Media has renewed its daily news magazine InvestigateTV+ for a third season and its weekend edition for a fifth season in 2025-2026. The renewal follows strong performance metrics, with weekly cumulative reach among Adults 18+ increasing 5.7% in the first 18 weeks of the 2024-2025 season compared to the previous year.
The program has achieved significant impact through its investigative reporting, including an exclusive investigation that led to nationwide changes in DEA's airport cash seizure practices. InvestigateTV+ currently airs in all 113 Gray markets and has expanded to non-Gray markets, reaching 46% of U.S. households daily, while the weekend edition reaches 67% of U.S. households.
Gray Media (NYSE: GTN) has announced the promotion of Pamela Biddle to Vice President/General Manager of WTVM, the ABC affiliate in Columbus, Georgia, effective February 3, 2025. Biddle brings over 22 years of broadcast media experience and most recently served as Director of Sales for WTVM, which won the Georgia Association of Broadcasters' 2024 Station of the Year award.
Biddle's extensive career includes roles as General Manager of Univision Kansas City, Sales Manager for KSHB, and Director of Sales at WPTA. She has also been actively involved in community organizations including Big Brothers Big Sisters and the United Minority Media Association.
Gray Media, headquartered in Atlanta, is the largest owner of top-rated local television stations in the US, reaching approximately 36% of US television households across 113 markets. The company operates the top-rated station in 77 markets and the first or second-highest-rated station in 100 markets. It also owns the largest Telemundo Affiliate group, serving 43 markets with nearly 1.5 million Hispanic TV Households.
Gray Media (NYSE: GTN) has announced it will release its Q4 2024 earnings results on Thursday, February 27, 2025. The company will host a conference call at 11:00 a.m. Eastern Time to discuss the operating results, with a live dial-in number and webcast available.
Gray Media is a multimedia company based in Atlanta, Georgia, and stands as the nation's largest owner of top-rated local television stations and digital assets. Their portfolio reaches approximately 36 percent of US television households across 113 television markets. The company holds dominant positions in 77 markets with top-rated stations and 100 markets with first/second highest-rated stations. Additionally, they operate the largest Telemundo Affiliate group spanning 43 markets with nearly 1.5 million Hispanic TV Households.
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