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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

News

Gray Promotes Liz Knight to General Manager of WALB and WGCW in Albany, Georgia

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Gray Television, Inc. (NYSE: GTN) appoints Liz Knight as the new General Manager of WALB and WGCW, local NBC, ABC, and CW affiliates in Albany, Georgia. Liz Knight has 18 years of multimedia experience in Southwest Georgia and has previously served as General Sales Manager at WALB-TV, WGCW, and WTSG. She has received recognition from the Georgia Association of Broadcasters, is involved in community service, and is active in women's leadership and the Lee County School System advisory board.
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Gray Television Will Bring Ten New Orleans Pelicans Games To Leading Local Broadcast Television Stations

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Gray Television, Inc. (NYSE: GTN) and the New Orleans Pelicans have reached a new sports rights deal, making ten Pelicans games available during the 2023-24 NBA season to more than three million households across Louisiana, Mississippi, and Alabama. The deal includes distribution on leading local television stations and major cable and satellite pay TV systems, expanding the reach of live games in the region.
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Atlanta Hawks Partner with Gray’s Peachtree TV and WANF to Broadcast 10 Games Free, Over the Air

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Atlanta Hawks (WPCH) returns home to Peachtree TV after almost 30 years, broadcasting every Friday night game for the 2023-24 NBA season. The agreement includes over-the-air distribution and cable and satellite pay-tv systems, expanding the games' reach to a larger audience. The Hawks' first two Friday night games will be simulcast on Gray TV's CBS affiliate WANF and Peachtree TV. The return to broadcast marks a homecoming for the franchise, with a 10-game package featuring marquee matchups against top teams. The games will be produced by Bally Sports Southeast and feature the on-air crew of Dominique Wilkins, Bob Rathbun, and Tabitha Turner.
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GRAY TELEVISION REACHES AGREEMENT IN PRINCIPLE TO RENEW ALL GRAY NBC AFFILIATIONS NATIONWIDE

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Gray Television, Inc. (NYSE: GTN) has reached an agreement with the NBC Network to extend and renew all of its NBC network affiliations, which otherwise would have expired at year-end 2023. Gray owns and operates NBC affiliated television stations serving 56 markets. In the current 2023-24 television season, NBC is the #1 network and ranks first in all key demos, as well as first in primetime, morning/afternoon news, late night, primetime sports, scripted and alternative program categories. Gray Television, Inc. is the nation’s largest owner of top-rated local television stations and digital assets in the United States, serving 113 television markets that collectively reach approximately 36 percent of US television households. Its portfolio includes 80 markets with the top-rated television station and 102 markets with the first and/or second highest rated television station.
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Gray Promotes Bruce Austin to General Manager of WVLT and WBXX in Knoxville, Tennessee

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Gray Television, Inc. (NYSE: GTN) appoints Bruce Austin as the new General Manager of WVLT and WBXX, local CBS and CW affiliates in Knoxville, Tennessee. With over 15 years of experience in the broadcasting industry, Austin has a proven track record of success in expanding local service and programming. His appointment reflects Gray's commitment to enhancing its local broadcasting operations.
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Gray Television’s Assembly Studios Celebrates Grand Opening of Innovative Sound Stages in Georgia

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Gray Television (GTN) and Universal Production Services launch Assembly Studios, a state-of-the-art television and film studio complex in Doraville, GA, creating thousands of jobs for Georgians. The studios offer 19 sound stages, essential production amenities, and filmable facades, contributing to the growth of Georgia's fast-growing film industry.
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GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE

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Gray Television, Inc. (NYSE: GTN) authorizes $0.08 quarterly cash dividend per share, payable on December 29, 2023, to shareholders of record at the close of business on December 15, 2023.
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Gray Reports Strong Revenues and Lower Expenses for the Third Quarter

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Gray Television, Inc. (NYSE: GTN) announced strong financial results for Q3 2023, with total revenue of $803 million, exceeding revenue guidance. Political advertising revenue exceeded expectations, leading to a 33% increase in full-year 2023 political advertising revenue guidance. Gray's television stations saw a 1% increase in core advertising revenue and an 18% year-over-year increase in automobile advertising. The agreement with the CW Network and expansion into sports broadcasting indicate continued growth potential. The company also completed the delivery of leased facilities to NBCUniversal in Atlanta.
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GRAY SETS DATE FOR THIRD QUARTER EARNINGS RELEASE AND EARNINGS CONFERENCE CALL

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Gray Television, Inc. to release Q3 2023 earnings results on November 8, 2023
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Gray Promotes Jason Hall to Vice President

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Gray Television promotes Jason Hall to Vice President of Spanish Media Sales
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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.

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Gray Television, Inc.

NYSE:GTN

GTN Rankings

#3516 Ranked by Market Cap
#165 Ranked by Dividends

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