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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. announced that Local News Live is now available 24/7 on more than 500 Gray Television station websites, connected TV apps, and mobile apps. It is also available on Gray stations during non-local news hours on several FAST channels. The goal is to give viewers flexibility to watch all the content they are looking for, at any time, from a trusted source.
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Peachtree Sports Network, Gray Television's new sports broadcast channel, will launch on October 1st, focusing on live, local sports programming in Georgia. The channel will feature teams from multiple sports and will soon expand to other cities in the state. The first live event will be on October 6th. Gray Television, Inc. (NYSE:GTN) owns WANF & WPCH, and is the largest owner of local television stations in the US.
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Gray Television stations raise over $225,000 for fire relief efforts in Hawaii
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Gray Television, Inc. announces the launch of InvestigateTV+ on September 11, 2023, leveraging a large team of investigative journalists to provide daily solutions-based journalism. The program will extend Gray's reach and be available to non-owned local television stations. The weekend program already has an average of 1.3 million households watching. Hosted by Lee Zurik and Tisha Powell, InvestigateTV+ will feature content from Gray's InvestigateTV unit, consumer, health, and original content.
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Gray Television promotes Garrett Pope to Senior Vice President, Sales Operations
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Gray Television, Inc. announces quarterly cash dividend of $0.08 per share of common stock and Class A common stock payable on September 29, 2023.
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Gray Television, Inc. reports strong financial results for Q2 2023 with total revenue of $813 million, exceeding guidance. Core advertising revenue increased by 4% YoY. Political advertising revenue in a non-political year was strong at $12 million. Construction on the Assembly Studios portion of Assembly Atlanta is substantially complete.
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Gray Television, Inc. announced Brian Daugherty as the new General Manager of WCSC, the local CBS affiliate in Charleston, South Carolina.
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Gray Television, Inc. (NYSE: GTN) will release its earnings results for the quarter ended June 30, 2023 on August 4, 2023. A conference call to discuss the results will be held on the same day at 11:00 a.m. ET.
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Gray Television renews agreement with Paramount Global, ensuring continued investment in local news and community services. Gray's CBS affiliates will remain available on Paramount+ and other platforms. Gray is the largest independent owner of CBS affiliates in the US, covering 18% of US television households.
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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
Link
United States of America
ATLANTA