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 Charlotte Hornets and FanDuel Sports Southeast to simulcast five NBA games on free, over-the-air television across the Carolinas. This marks the Hornets' return to local, over-the-air TV for the first time since the 2007-08 season.
The games will be distributed through the Palmetto Sports & Entertainment Network and other Gray affiliates, covering multiple markets including Columbia, Charleston, Greenville, Myrtle Beach, and others. The schedule includes matchups against high-profile teams like the Lakers, Clippers, Bucks, Mavericks, and Warriors between January 27 and March 3, 2025.
The broadcasts will feature the Hornets' team of Eric Collins, Dell Curry, and Shannon Spake. This initiative is part of the NBA's agreement with Main Street Sports Group and aims to expand the team's reach across both North and South Carolina.
Cleveland Cavaliers and Gray Media have announced a partnership to simulcast five upcoming Cavaliers games across multiple platforms. The games will be broadcast on Rock Entertainment Sports Network and WUAB Channel 43, providing free over-the-air access to fans across Northeast Ohio.
The five-game slate, running from February to April 2025, includes matchups against the Timberwolves, Grizzlies, Nets, Spurs, and Knicks. The broadcasts will be available statewide on Rock Entertainment Sports Network, with specific channel assignments for different regions. The Cavaliers, currently leading the NBA with a 36-6 record, have shown exceptional performance this season, including a historic 15-0 season start.
The broadcasting team remains unchanged, with John Michael handling play-by-play, alongside analysts Brad Daugherty and Austin Carr, while Serena Winters and Cayleigh Griffin continue their roles as sideline reporter and host respectively.
The Atlanta Braves have announced that ten of their Spring Training games in 2025 will be available for fans to watch on Gray Media Network stations. This follows the Braves' new partnership with Gray Media, which was announced last month. The broadcast schedule begins on February 27 with a game against the Washington Nationals and includes the second annual Major League Baseball Spring Breakout game on March 16, featuring top prospects from the Braves and the Detroit Tigers.
The games will be broadcast on Peachtree TV Atlanta's CW (WPCH 17.1), Peachtree Sports Network (PSN), and other Gray Media stations across 24 markets in the Southeast. Some games will also air on Gray's ABC, CBS, FOX, NBC, and CW affiliates. The full schedule and tickets are available at Braves.com/SpringTraining.
Gray Media, a multimedia company headquartered in Atlanta, is the nation's largest owner of top-rated local television stations, serving 113 markets and reaching approximately 36% of US television households. Their portfolio includes the largest Telemundo Affiliate group and additional media properties like Raycom Sports and PowerNation Studios.
Gray Media (NYSE: GTN) announced that following an investigation by its InvestigateTV and Atlanta News First Investigates, the U.S. Department of Justice has suspended a nationwide airport search program that seized cash from airline passengers without arrests. The suspension came after the 'In Plane Sight' investigation, which aired in September 2023 with follow-ups through December 2024.
The investigation led to concrete results when the DOJ ordered the Drug Enforcement Administration to stop searching innocent passengers at departure gates. InvestigateTV's daily program is cleared in 46% of the U.S., while its weekend edition reaches 67% of U.S. markets. The investigation also prompted action from Georgia U.S. Senator Jon Ossoff, who questioned the DOJ about DEA practices at Hartsfield-Jackson Atlanta International Airport.
Gray Media operates as the nation's largest owner of top-rated local television stations, serving 113 television markets reaching approximately 36% of US television households. The company holds the top-rated station in 77 markets and first/second-highest rated stations in 100 markets.
EdgeBeam Wireless, a new joint venture formed by four major broadcasting groups (E.W. Scripps, Gray Media, Nexstar Media Group, and Sinclair), aims to provide nationwide wireless data services using ATSC 3.0 technology. The venture will leverage existing broadcast infrastructure to deliver data services across multiple industries.
The company targets three main markets with significant revenue potential: automotive connectivity ($3.7B/year), content delivery networks ($3.65B/year), and enhanced GPS ($220M/year). EdgeBeam will deliver data to any civilian or military device with an ATSC 3.0 receiver, including vehicles, drones, phones, and TVs.
The partnership creates a spectrum footprint larger than any individual broadcaster could achieve, with plans to partner with additional broadcasters for nationwide coverage. The service can also provide a backup to existing GPS capabilities, enhancing U.S. economic security.
Gray Media (NYSE: GTN) has partnered with the St. Louis Blues to broadcast three NHL games free over-the-air on First Alert 4 (KMOV-TV) and Matrix Midwest. These games will be available to over 4.8 million television households across 12 affiliate stations in five states. The games include:
- Feb 22 vs Winnipeg
- Mar 8 at Los Angeles
- Mar 25 vs Montreal
This marks the first time in 15 years that Blues games will be available free on local broadcast TV. The broadcasts will extend to markets including Kansas City, Springfield, Cape Girardeau, Quincy, Peoria, Topeka, Cedar Rapids, Davenport, Evansville, Ottumwa, and Columbia. The Blues will use the on-air talent and production crew of FanDuel Sports Network for consistency. Gray Media's portfolio includes top-rated TV stations in 113 markets, reaching 36% of US TV households. Gray also owns digital marketing agency Gray Digital Media and several media production companies.
Gray Media (NYSE: GTN) has announced the promotion of Alison Davis to General Manager of WTOK, the ABC/CW/Telemundo affiliate in Meridian, Mississippi, effective January 6, 2025. Davis, who will maintain her current role as Director of Sales, brings over 30 years of media sales experience to the position.
Gray Media, headquartered in Atlanta, Georgia, is the nation's largest owner of top-rated local television stations and digital assets, serving 113 television markets reaching approximately 36 percent of US television households. The company's portfolio includes 77 markets with top-rated stations and 100 markets with first/second highest-rated stations. It also operates the largest Telemundo Affiliate group across 43 markets, reaching nearly 1.5 million Hispanic TV Households.
Gray Media (NYSE: GTN) has appointed Jacque Harms as the new General Manager of KKTV, their CBS affiliate in Colorado Springs, Colorado. Harms brings over 35 years of media experience, most recently serving as General Manager at WTOK-TV in Meridian, Mississippi. Under her leadership, WTOK-TV achieved significant success, winning the Mississippi Association of Broadcasters Small Market Station of the Year in 2024 and being named a National Association of Broadcasters Service to America Finalist in 2021.
Her tenure at WTOK-TV saw remarkable digital growth, with the station's digital audience outperforming local competitors by 144%. The station also increased its sign-on/sign-off ratings by 34% in 2024. Gray Media, headquartered in Atlanta, is the nation's largest owner of top-rated local television stations, reaching approximately 36% of US television households across 113 markets. The company's portfolio includes 77 top-rated stations and 43 Telemundo affiliates serving 1.5 million Hispanic TV households.
Gray Media (NYSE: GTN) announced that KTUU and KYES General Manager Nancy Johnson will retire on January 3, 2025, after joining KTUU, Gray's NBC affiliate in Anchorage, Alaska, in 1981. During her tenure, Johnson served in various leadership roles and expanded local news to over 22 hours weekly content. Under her leadership, the stations won numerous awards including RTDNA Edward R. Murrow awards and NATAS Emmy Awards.
Gray Media is the nation's largest owner of top-rated local television stations, serving 113 television markets reaching approximately 36% of US television households. The company's portfolio includes 77 markets with top-rated stations and 100 markets with first/second highest-rated stations, plus the largest Telemundo Affiliate group covering 43 markets with nearly 1.5 million Hispanic TV Households.
Gray Television (NYSE: GTN) announced its Board of Directors has unanimously approved changing the company's name to Gray Media, Inc., effective January 1, 2025. The change aligns with the company's recent practice of being referred to as 'Gray Media' or 'Gray'. Executive Chairman Hilton H. Howell noted this reflects the company's expansion into new geographic and business markets, diversified reach beyond local media, and increased investment in new business models and technologies. The name change won't affect trading symbols, CUSIPs, or security holders' rights, with common stock and Class A common stock expected to trade under the new name starting January 10, 2025.
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