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Gray Television Inc Stock Price, News & Analysis

GTN NYSE

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 Media, Inc. (NYSE: GTN) is a multimedia company headquartered in Atlanta, Georgia and described as the nation’s largest owner of top-rated local television stations and digital assets. Its stations serve 113 television markets reaching a substantial share of U.S. television households, and many of these stations hold top audience rankings in their markets. This news page focuses on developments affecting Gray’s broadcasting, digital media, and financing activities.

News about Gray Media often includes earnings announcements and details about upcoming earnings conference calls, where the company discusses operating results for recent quarters. Investors and analysts follow these updates to understand trends in Gray’s television and digital operations. The company also issues news about dividend declarations, such as Board-authorized quarterly cash dividends on its common and Class A common stock.

Gray’s news flow also covers network affiliation agreements and content partnerships. For example, the company has announced a multi-year renewal of its NBC affiliation agreements in 54 markets, as well as arrangements to broadcast Ohio Valley Conference basketball and to simulcast Memphis Grizzlies games free over-the-air across multiple markets. These items highlight programming and sports content that run across Gray’s station group.

Additional news items may describe acquisitions of local stations, such as the agreement to acquire WBBJ 7 in Jackson, Tennessee, and capital markets transactions like offerings of senior secured notes and related redemptions of existing debt. Updates on leadership appointments, including roles such as investor relations and station general managers, also appear in Gray’s press releases. This page brings together these types of company-specific developments for readers tracking GTN-related news.

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CBS and Gray Media have announced the renewal of CBS network affiliations for 52 of Gray's existing 53 markets. The agreement ensures that the renewing CBS affiliates will maintain their availability to local subscribers on Paramount+ and across traditional and virtual MVPD platforms. However, Gray's Atlanta station WANF will end its CBS Network affiliation on August 16, 2025, transitioning to become an independent television station focused specifically on the Atlanta market. This strategic move represents a significant shift in Gray's broadcast portfolio while maintaining strong ties with CBS across the majority of its markets.
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Gray Media (NYSE: GTN) has been awarded 81 regional Edward R. Murrow Awards for journalistic excellence across 38 of its local television stations. Notable achievements include four Overall Excellence awards to stations in Anchorage, Knoxville, Fort Wayne, and Madison. WMTV in Madison led with 9 awards, followed by WVUE in New Orleans with 8 awards. The recognition spans multiple categories including News Series (9 awards), Best Newscast (7 awards), Investigative Reporting (6 awards), Excellence in Innovation (6 awards), and several others. The regional winners will advance to the national competition, with results expected in August. Gray Media reaches approximately 37% of US television households across 113 markets, with leadership positions in 78 markets and strong presence in 99 markets.
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Gray Media (NYSE: GTN) has announced key leadership changes in its Nebraska markets. Shannon Booth has been appointed as General Manager of WOWT (NBC) in Omaha, succeeding Jim McKernan, who is retiring after 44 years in broadcasting. Jacque Harms will take over Booth's previous role, managing KOLN (CBS), KSNB (NBC) in Lincoln, and KNOP (NBC) and KNPL (CBS) in North Platte.

Booth brings extensive experience from her eight-year tenure managing multiple market-leading television, digital, and streaming products in Nebraska, along with 18 years at KCRG in Cedar Rapids. Harms, returning to Nebraska with over 35 years of media experience, previously led WTOK to win Mississippi Association of Broadcasters Small Market Station of the Year in 2024.

Gray Media operates the nation's largest network of top-rated local television stations, reaching approximately 37% of US television households across 113 markets.

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Gray Media (NYSE: GTN) has declared a quarterly cash dividend of $0.08 per share for both its common stock and Class A common stock. The dividend will be paid on June 30, 2025, to shareholders who are recorded as stockholders as of the close of business on June 13, 2025.

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Gray Media (NYSE: GTN) reported Q1 2025 financial results with total revenue of $782 million, down 5% year-over-year. Core advertising revenue decreased 8% to $344 million, while retransmission consent revenue fell 1% to $379 million. The company posted a net loss of $22 million compared to net income of $75 million in Q1 2024. Adjusted EBITDA declined to $160 million from $197 million. Notable achievements include reducing debt by $17 million and expanding credit facilities. The company increased its AR Facility commitments from $300M to $400M and Revolving Credit Facility from $680M to $700M. For Q2 2025, Gray expects core advertising revenue to decline by mid-single digits due to macroeconomic uncertainties, though digital advertising continues to show strong double-digit growth.
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Gray Media and its stations have received multiple prestigious industry awards recognizing their excellence in journalism and community service. Sandy Breland, Gray's EVP and COO, was selected for RTDNA's 2025 John F. Hogan Distinguished Service Award. WANF Atlanta won first place in the National Headliner Awards for their investigative documentary "In Plane Sight: The Fix" and received an Emmy nomination. Other notable achievements include WIBW Topeka winning the 2025 Celebration of Service to America Award for their mental health awareness campaign. Multiple Gray stations received Eric Sevareid Awards, with WBAY Green Bay earning six awards. The company's stations also garnered numerous state broadcasting awards, demonstrating Gray Media's commitment to impactful local journalism across its network of 113 television markets reaching approximately 37% of US television households.
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Gray Media has announced the promotion of Dana Neves to Senior Managing Vice President, overseeing television markets in the Northeast and Mid-Atlantic regions. Neves, who previously served as General Manager of WFSB (CBS) in Hartford, Connecticut for 7 years, began her career as an intern and progressively advanced through various leadership roles.

Her experience includes positions as News Director, Regional News Director, and Senior Vice President for Meredith , where she managed labor relations across multiple facilities. Following Gray's acquisition of Meredith's Local Media Group, she supervised stations in Connecticut, Maine, and Massachusetts while maintaining her WFSB leadership role. She was recently appointed Chair of Gray's Innovation Lab.

Neves, an Elon University graduate, actively participates in numerous nonprofit and civic boards, including The Denise D'Ascenzo Foundation and the American Heart Association's Go Red for Women campaign.

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Gray Media (NYSE: GTN) and Major League Pickleball (MLP) have announced local media partnerships to expand distribution of MLP events in multiple team markets for the 2025 season. The partnership will broadcast matches of the Atlanta Bouncers, Carolina Hogs, St. Louis Shock, and Columbus Sliders through Gray's local networks.

The coverage begins with MLP Orlando (Apr. 24-27) and MLP Columbus (May 1-4) events, featuring matches on Peachtree Sports Network, Palmetto Entertainment and Sports Network, Matrix Midwest, and Rock Entertainment Sports Network. The 2025 MLP season includes 10 regular season events, a Mid-Season Tournament, and two weeks of playoffs from April to August, plus the MLP Cup in November.

Gray Media, the nation's largest owner of top-rated local television stations, reaches approximately 37 percent of US television households across 113 markets, with 78 markets having the top-rated television station and 99 markets with first or second highest-rated stations during 2024.

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Gray Media (NYSE: GTN) has announced the promotion of Mark Little to General Manager of KWQC, the NBC affiliate in Davenport, Iowa, effective May 1, 2025. Little, who previously served as News Director of WMC-TV in Memphis, brings over 30 years of experience in local television leadership.

Little's achievements include Station of the Year, Regional Emmy, and Murrow awards. He pioneered local news podcasting and established a university partnership to serve underserved Iowa regions.

Gray Media operates as the nation's largest owner of top-rated local television stations, serving 113 markets reaching approximately 37% of US television households. The company's portfolio includes 78 markets with top-rated stations and 99 markets with first/second highest-rated stations in 2024. Additionally, Gray owns the largest Telemundo Affiliate group spanning 44 markets.

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Gray Media (NYSE: GTN) has announced a broadcast partnership with the Military Basketball Association (MBA) to air select MBA playoff games on Gray's local television stations and broadcast sports networks. The first MBA over-the-air game will air on Sunday, April 13, 2025, at 6 p.m. ET, featuring the Eastern Conference Finals from Queens University of Charlotte.

The games will be broadcast across Gray's sports networks including Palmetto Sports & Entertainment Network, Peachtree Sports Network, Matrix Midwest, Arizona's Family Sports, and Rock Entertainment Sports Network. These networks cover many military bases in the Southeast, Southwest, and Midwest regions.

The MBA is a non-profit organization supporting nearly 1,000 veteran and active-duty military players across 50 teams worldwide. The association aims to prevent suicide, address mental health stigma, and provide an outlet for military service-related trauma through basketball.

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FAQ

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

The current stock price of Gray Television (GTN) is $4.91 as of April 8, 2026.

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

The market cap of Gray Television (GTN) is approximately 498.5M.