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 Media (NYSE: GTN) has announced the release date for its third quarter 2024 earnings results. The company will disclose its financial performance for the quarter ended September 30, 2024, on Friday, November 8, 2024. Gray Media will host an earnings conference call on the same day at 11:00 a.m. Eastern Time to discuss the operating results.
Interested parties can access the call via the live dial-in number 1-800-285-6670 or watch the webcast live at www.graymedia.com. A taped replay will be available until December 8, 2024, at 1-888-556-3470 with passcode 898476#.
Gray Media, headquartered in Atlanta, Georgia, is the largest owner of top-rated local television stations and digital assets in the United States, reaching approximately 36 percent of US television households across 113 markets.
Gray Media (NYSE: GTN) announced the retirements of two veteran broadcasters. Laura Long, General Manager of KNOE in Monroe, Louisiana, will retire on October 4, 2024. Rick Dean, General Manager of KXII in Sherman, Texas, will retire on December 31, 2024.
Long's 35-year career included roles at CBS and KNOE, where she led the station to numerous awards and maintained its #1 position in the Monroe/El Dorado market. Dean's 45-year career began in radio before joining KXII-TV in 1985, where he rose to General Manager in 2002. Under his leadership, KXII won multiple broadcasting awards.
Gray's COO, Sandy Breland, praised both executives for their leadership and commitment to excellence. The company will search for well-qualified successors to lead these legacy television stations.
Gray Media (NYSE: GTN) announced that its local television stations have raised over $290,000 for Hurricane Helene relief efforts, with the company contributing an additional $50,000. The funds will provide immediate aid and long-term assistance to residents affected by the storm, which claimed over 200 lives across six states.
Donations can be made at HeleneHelp.org, with 100% going to The Salvation Army's disaster relief efforts. The organization has already served more than 150,000 meals to survivors from 68 active mobile feeding units in six states, along with providing cleanup kits, hygiene products, and spiritual support.
Gray Media, the largest owner of top-rated local television stations in the US, reaches approximately 36% of US television households across 113 markets. The company also owns digital assets, video production companies, and studio facilities.
Gray Media (NYSE: GTN) and the Chicago Sports Network (CHSN) have announced a partnership to bring Chicago Bulls, Blackhawks, and White Sox games free over-the-air to viewers in Rockford, IL and South Bend, IN. Starting next month, Gray's television stations will carry CHSN, reaching over 500,000 households in these markets.
In Rockford, CHSN will air on WSLN channel 19.3, with overflow on 19.4. In South Bend, it will be on WNDU channel 16.2, with overflow on 16.4. The network will broadcast regular season games, select pre-season games, playoff matchups, pre- and post-game shows, and 24/7 multisport programming from studios in Chicago's United Center and Guaranteed Rate Field.
This partnership aims to expand the reach of Chicago sports teams to fans outside the city proper, providing more viewing options for supporters in these areas.
Gray Media has announced a groundbreaking media rights deal with the New Orleans Pelicans, launching the Gulf Coast Sports & Entertainment Network. This partnership will broadcast every non-national Pelicans NBA game free over-the-air to 4.1 million households across multiple states, increasing the team's reach by 16 times compared to their previous distribution arrangement.
The network will be anchored by Gray's New Orleans television station WVUE and will be available through Gray's stations in Louisiana, Mississippi, and Alabama. This move aims to make Pelicans games more accessible to fans, with games available free over-the-air or through basic cable, satellite, and streaming providers.
WVUE will air at least eight regular season games and all available post-season games, with the remaining games airing on the Gulf Coast Sports & Entertainment Network. The first game is scheduled for October 23rd at 7 p.m. against the Chicago Bulls.
The Missouri Valley Conference (MVC) and Gray Media (NYSE: GTN) have announced a multi-year broadcasting agreement starting in the 2024-25 academic year. The deal covers production and distribution of MVC men's and women's basketball regular-season games and early rounds of the State Farm MVC Men's Basketball Tournament. Gray's subsidiary, Tupelo Honey, will produce and distribute content across 22 Gray Media markets in six states. The games will also be simulcast on ESPN+ without digital blackouts.
This partnership aims to enhance the reach of MVC basketball to fans through free over-the-air broadcasts. The agreement aligns with Gray's commitment to bringing live, local sports to viewers and strengthens The Valley's brand both regionally and nationally.
Gray Media (NYSE: GTN) announced significant expansion for its news magazine, InvestigateTV+, for the 2024-2025 season. The weekend edition is now cleared in 67% of the U.S., while the weekday edition reaches 46% of the U.S. New markets include major cities like New York, Chicago, and Philadelphia. Both editions launch their new seasons on September 9th.
The program has shown strong growth, with the weekday edition increasing Adults 18+ impressions by 9% from September 2023 to May 2024, and the weekend show growing by 8% in the same period. Gray's COO, Sandy Breland, attributes this success to the power of Gray's top-rated stations. The expansion allows for broader delivery of impactful information to viewers.
Gray Media (NYSE: GTN) has been awarded eight National Edward R. Murrow awards by the Radio Television Digital News Association (RTDNA) for excellence in journalism. The awards were given to five local stations and Gray's national investigative unit, InvestigateTV. Highlights include:
- WRDW in Augusta, Georgia won Overall Excellence in the small market category
- InvestigateTV received an award for their investigative series 'Railroaded'
- WANF in Atlanta, Georgia earned three awards, including Hard News reporting and Investigative Reporting
- Other winning stations include WSAZ in West Virginia, WAFB in Louisiana, and WSMV in Tennessee
Gray's Chairman and CEO, Hilton H. Howell Jr., expressed pride in the company's culture of excellence and commitment to viewers. The company's portfolio includes 77 markets with top-rated television stations, reaching approximately 36% of US television households.
Gray Media (NYSE: GTN) has announced comprehensive coverage plans for the 2024 Democratic National Convention. From August 19-22, Gray's Washington DC Bureau and news teams from 13 affiliates will report from Chicago on the local impact of the nomination process and party platform. Coverage will be available on Gray's local affiliates and Local News Live, their national news network streaming on over 500 Gray station websites and apps.
Gray's COO Sandy Breland emphasized the unique local perspective their combined reporting power will provide to 113 markets nationwide. News crews from various states including Wisconsin, Georgia, Arizona, Indiana, Hawaii, Vermont, Minnesota, and North Dakota will be on-site. Lisa Allen, GM of Gray's Washington Operation, highlighted their dedication to covering major stories through a local lens, leveraging journalists in over 100 markets for comprehensive election coverage.
The CW Network and Gray Media (NYSE: GTN) have renewed affiliation agreements for 38 local television stations across the United States. These stations collectively reach nearly 10% of the U.S. audience, serving over 12 million TV households. The renewed affiliations ensure these stations remain the exclusive local broadcasters for several major sports events, including Pac-12 and ACC college football, ACC basketball, NASCAR Xfinity Series Racing, WWE NXT wrestling, and LIV Golf in their respective markets. While the financial details of the agreement were not disclosed, this renewal signifies a continued partnership between The CW Network and Gray Media, maintaining a significant presence in local television markets across the country.
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