STOCK TITAN

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

Rhea-AI Summary
Gray Television Inc. announced the retirement of CFO Jim Ryan after 2025 and the appointment of Jeff Gignac as the new CFO. Jim will assist in the transition until his retirement. Jeff, previously from Wells Fargo, will join Gray in April 2024 and take over as CFO in July 2024. Jim's significant contributions during his 25-year tenure have been highlighted, with Jeff's expertise in finance and media praised for leading Gray's future financial functions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.6%
Tags
management
-
Rhea-AI Summary
Gray Television, Inc. (GTN) closes refinancing and upsizing of revolving credit facility, postpones term loan refinancing, and receives $110 million in pre-tax cash proceeds from the sale of Broadcast Music, Inc. Gray upsized its revolving credit facilities to $625 million due to strong demand.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.65%
Tags
none
-
Rhea-AI Summary
Gray Television, Inc. launches InvestigateTV+ en Español in 26 Telemundo markets, expanding its award-winning investigative program to a Spanish-speaking audience. The show, hosted by Luis Carlos Mendoza, aims to provide in-depth, inspirational stories in Spanish, reaching a broader viewership and enhancing Gray's mission of investigative journalism.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.91%
Tags
none
Rhea-AI Summary
The Milwaukee Bucks will be broadcasted on Gray Television, Inc. stations in Wisconsin, offering 10 games for free to fans in Green Bay, Eau Claire, La Crosse, and Wausau. The partnership with Weigel Broadcasting Co. ensures widespread access to Bucks games on broadcast television.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.14%
Tags
none
-
Rhea-AI Summary
Gray Television, Inc. (GTN) partners with the Cleveland Cavaliers to broadcast five games for free on WUAB 43 the CW, enhancing fan access. The agreement aims to expand the audience reach and provide complete game coverage through various platforms.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.03%
Tags
none
-
Rhea-AI Summary
Gray Television, Inc. responds to inquiries about a proposed new streaming service by Disney, Fox, and Warner Bros. Discovery, Inc. The service would include live signals of local affiliates of ABC and Fox broadcast networks, potentially expanding the pay-TV ecosystem and offering benefits to viewers, local communities, and local broadcasters.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.62%
Tags
none
Rhea-AI Summary
Gray Television, Inc. (NYSE: GTN) has announced an agreement with Marquee Broadcasting, Inc. to swap television stations. Gray will sell its stations in Cheyenne-Scottsbluff and Casper to Marquee in exchange for Marquee's FCC permit for a new station in Salt Lake City. The swap is expected to close in the second quarter of 2024, with no additional cash or consideration involved.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.22%
Tags
none
-
Rhea-AI Summary
Gray Television, Inc. (GTN) announces a proposal to refinance its existing senior credit facilities, with updates to its previously announced guidance for Q4 2023. The proposed refinancing includes extending the maturity of its term loan and revolving credit facility, subject to market and other conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.41%
Tags
-
Rhea-AI Summary
Columbia Journalism School announced the 2024 winners of the duPont-Columbia Awards, including Gray Television Inc.'s national investigative unit and Atlanta CBS affiliate WANF. The award recognizes their multi-part investigative series 'The Sixth' that exposed a critical shortage of public defenders in Georgia and other states. Gray Television Inc. commits to investigative journalism to uncover injustices and solutions. The duPont-Columbia Awards have been recognizing outstanding journalism for over 80 years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.5%
Tags
none
Rhea-AI Summary
Gray Television, Inc. (GTN) will release its earnings results for the quarter ended December 31, 2023, on February 23, 2024. The company will host a conference call to discuss its operating results on the same day at 11:00 a.m. Eastern Time. The call will be webcast live and available for replay at www.gray.tv. Investors can access the live dial-in number at 1-800-285-6670, and the taped replay will be available until March 22, 2024, at 1-888-556-3470 Passcode: 898476#.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.5%
Tags

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
Link
United States of America
ATLANTA