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 announced the release of a new National Anthem rendition, set to air across all Gray television stations starting October 15, 2024. The video features a youth orchestra and a soloist who is a Gray Media employee, recorded at the company's Assembly Studios in Atlanta. This initiative aims to honor the tradition of broadcasting the National Anthem daily while showcasing young talent.
The project involves several Gray Media companies, including Swirl Films as co-producer. The performance includes vocalist Sydney Jack, Operations Coordinator at Assembly Studios, and a youth orchestra from Metro Atlanta. Gray Media, which revived the daily National Anthem broadcast tradition in 2019, sees this new rendition as a way to celebrate both national unity and local communities.
Gray Media, formerly Gray Television, Inc., is the largest owner of top-rated local television stations and digital assets in the US, reaching approximately 36% of US television households across 113 markets.
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.
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