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Gray Television, Inc. - GTN STOCK NEWS

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

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Gray Television, Inc. (NYSE: GTN) will stream continuous live coverage of the total solar eclipse on April 8th across its 114 television markets and Washington DC Bureau. The programming will be available on more than 500 Gray Television station websites, connected TV apps, and mobile apps. Gray stations in the path of totality will provide complete local coverage, with anchors Debra Alfarone and Rasheeda Kabba leading the coverage from Washington DC.
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Gray Television, Inc. (GTN) announces a partnership with CBS for market research and news consulting services to all 14 CBS owned and operated television stations. The collaboration with Gray's in-house team, Strat Team, aims to enhance CBS's strategic planning and content development efforts.
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Gray Television Inc. partners with SportsGrid FAST Channel to produce major sporting event specials for the 'BEAT THE ODDS' series, featuring expert gambling analysis and real-time sports data.
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Gray Television Inc. (GTN) announces a multi-year agreement with the Arena Football League to broadcast Saturday arena football games in at least thirty-four markets across the US. The first games will air on April 27, 2024, focusing on in-state teams matched to Gray's local television station markets. The partnership aims to bring spring football to local audiences and strengthen local communities with sports content.
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Gray Television Inc. (GTN) successfully completes renewals of retransmission consent agreements with over 70% of its total subscriber footprint among traditional MVPDs. Negotiations conducted without consumer disruption. Anticipates completing current renewal cycle by 2024.
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Gray Television Inc. (GTN) announces distribution agreements with Cox Media Group, Nexstar, and Tegna to broadcast Cleveland Cavaliers games for free over-the-air in Ohio and parts of West Virginia. The deal includes five games and aims to expand the coverage of Cavaliers basketball in the region, providing an exceptional viewing experience with increased reach.
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Gray Television Inc. (GTN) announced a partnership with the Dallas Mavericks to broadcast ten games for free over-the-air in the Lubbock and Sherman-Ada regions. The games will not be available on Bally Sports or Bally Sports+ streaming platforms. The agreement includes games against notable teams like the Golden State Warriors, Utah Jazz, and Atlanta Hawks.
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The WNBA's Atlanta Dream partners with Gray Television (NYSE:GTN) to broadcast games on Peachtree TV and Peachtree Sports Network during the 2024 season. The partnership aims to reach more fans across the Southeast region, offering a wide range of viewing options on various platforms. Dream games will be available on Peachtree TV, major cable and satellite pay-tv systems, YouTube TV, Hulu Live, and Peachtree Sports Network. The 2024 WNBA season kicks off in May, with the Dream playing against the Los Angeles Sparks. The collaboration with Gray Television expands the reach of Dream games to a broader audience, enhancing the viewing experience for fans.
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Gray Television, Inc. (GTN) declares a quarterly cash dividend of $0.08 per share for its common stock and Class A common stock, payable on March 28, 2024.
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Gray Television, Inc. announced strong financial results for Q4 2023 with total revenue of $864 million, a 20% increase from 2021. Core advertising revenue rose by 2%, and automobile advertising saw a 16% increase. NBCUniversal began leasing facilities at Assembly Studios. Gray received $110 million from the sale of BMI and extended its revolving credit facility. CFO Jim Ryan will retire in 2025, with Jeff Gignac taking over.
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FAQ

What is the current stock price of Gray Television (GTN)?

The current stock price of Gray Television (GTN) is $2.99 as of December 20, 2024.

What is the market cap of Gray Television (GTN)?

The market cap of Gray Television (GTN) is approximately 305.5M.

What is Gray Television, Inc.?

Gray Television, Inc. (GTN) is a television broadcast company based in Atlanta, Georgia. It owns and operates television stations and digital assets across the U.S.

What networks does Gray Television affiliate with?

Gray Television affiliates with ABC, CBS, NBC, and FOX, operating a total of 76 affiliates of these major networks.

How many television markets does Gray Television serve?

Gray Television serves 114 television markets, reaching approximately 36 percent of U.S. television households.

What are the main business segments of Gray Television?

Gray Television operates primarily in two segments: Broadcasting and Production. The Broadcasting segment generates the majority of its revenue.

What recent achievements has Gray Television accomplished?

Recent achievements include investigative reporting awards for WANF in Atlanta and community service awards for WJHG in Panama City.

What is Gray Television's financial strategy?

Gray has announced commitments to increase its revolving credit facility from $552.5 million to $680 million, showcasing strong support from its banking partners.

How many program streams does Gray Television operate?

Gray Television operates 139 program streams, including significant affiliations with major networks such as ABC, CBS, NBC, and FOX.

What other media assets does Gray Television own?

In addition to television stations, Gray Television owns video program companies like Raycom Sports and Tupelo Media Group, as well as production facilities like Assembly Atlanta.

What is the market influence of Gray Television?

Gray Television's top-rated stations influence approximately 36 percent of U.S. television households, making it the largest owner of top-rated local stations in the nation.

How does Gray Television engage with local communities?

Gray Television engages with local communities through initiatives like the 'Chapter Chat' program by WJHG, aimed at closing the reading gap among children in Panama City, Florida.

Gray Television, Inc.

NYSE:GTN

GTN Rankings

GTN Stock Data

305.48M
86.74M
6.54%
73.13%
4.63%
Broadcasting
Television Broadcasting Stations
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United States of America
ATLANTA