Gray TV

Gray Television, Inc. is a television broadcasting company, which engages in owning and operating television stations and digital assets in markets throughout the United States. It operates through the following segments: Broadcasting, and Production Companies. The Broadcasting segment operates television stations located across local markets in the United States. The firm's segment includes the production of television and event content. The company was founded in January 1897 and is headquartered in Atlanta, GA.

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Gray TV reports record revenue in Q4 2022 earnings call

Gray TV's strong financial performance in Q4 2022 and strategic focus on reducing leverage position the company well for future growth.
Stable subscriber counts and expectations of revenue growth from various sources indicate resilience and adaptability in a changing TV landscape.
Challenges in subscriber declines and macroeconomic uncertainties are being addressed through strategic initiatives and cautious evaluation of projects.

Gray TV surpasses revenue targets, eyes growth in local markets

Gray Television's Q1 2023 performance exceeded expectations, with strong revenue and optimistic outlook for core revenue growth.
The company's focus on local news content, strategic agreements, and infrastructure development position it well for future opportunities.
Challenges in personnel recruitment and financial uncertainties are areas of concern that Gray TV aims to address.
Overall, Gray Television's resilience, market relevance, and strategic initiatives bode well for its future growth and value creation.

Gray TV beats estimates, eyes political revenue, and strategic growth

Gray TV's Q2 2023 earnings call showcased strong financial performance, strategic partnerships, and industry recognition. While facing challenges related to political revenue uncertainties and industry disruptions, the company remains focused on deleveraging and exploring growth opportunities. With a solid foundation in core advertising and retransmission revenue, Gray TV is poised for continued success in the evolving media landscape.

Gray TV reports strong Q3 growth, eyes political ad revenue

Gray Television (GTN) showcased robust performance in core, retransmission, and political revenue, with a positive outlook on Assembly Studios' revenue potential.
The company's strengths lie in core advertising success, Assembly Studios' value, and debt-free financing, while facing challenges in sports deals and Charter Disney impacts.
Opportunities include increased political ad revenue, digital platform growth, and next-gen technology rollout, positioning Gray TV for continued success.

Gray TV reports strong 2023 revenue growth, eyes deleveraging and growth opportunities in 2024

Gray Television's 2023 performance showcased strong revenue growth and successful initiatives in advertising and content. Despite a net loss in Q4 '23, the company remains optimistic about its outlook for 2024, focusing on deleveraging and seizing growth opportunities.

Gray TV (GTN) reports robust Q1 earnings, eyes growth opportunities

Gray TV (GTN) delivered strong Q1 results, focusing on revenue diversification, financial stability, and debt reduction for long-term sustainability.
Despite challenges like political advertising displacement and delayed project revenues, the company is well-positioned to capitalize on growth opportunities.
Strategic partnerships, content quality recognition, and technological advancements present avenues for revenue growth and market competitiveness.
A prudent financial strategy, commitment to deleveraging, and focus on local market strengths underpin Gray Television's resilience in a dynamic industry landscape.

Gray TV (GTN) reports stellar Q3 results amidst ad revenue challenges

Gray TV's Q3 2024 performance reflects robust revenue growth, improved profitability, and efficient cost management, showcasing the company's financial strength and strategic focus.
While facing challenges in core ad revenue and political ad revenue, Gray TV's emphasis on debt reduction, operational excellence, and market diversification positions it well for future growth.
By addressing challenges, capitalizing on strengths, and seizing opportunities, Gray TV can navigate industry dynamics, enhance shareholder value, and sustain its competitive edge in the media landscape.

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Gray Television, Inc. (NYSE:GTN ) Q1 2022 Earnings Conference Call May 6, 2022 11:00 AM ET Company Participants Hilton Howell - Chairman and CEO Pat LaPlatney - President and Co-CEO Kevin Latek - Chief Legal and Development Officer Jim Ryan - Chief Financial Officer Bob Smith - Chief Operating Officer Conference Call Participants Dan Kurnos - Benchmark Jim Goss - Barrington Research Aaron Watts - Deutsche Bank Steven Cahall - Wells Fargo Alan Gould - Loop Capital Operator Good day and thank you for standing by. Welcome to the Q1 2022 Earnings Call.

Gray Television, Inc.'s (GTN) CEO Hilton Howell on Q1 2022 Results - Earnings Call Transcript

ATLANTA, May 06, 2022 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) today announced financial results for the first quarter ended March 31, 2022. Our total revenues of $827 million were strong as we begin an “on-year” of the two-year political advertising cycle. Importantly, our financial results exceeded our revenue and expense guidance issued for this quarter due in large part to faster than anticipated improvements in the operational performance across nearly all of our recently acquired television stations. In the first quarter of 2022 our core advertising revenue increased by 40%, our retransmission consent revenue increased by 59% and our political advertising revenue increased by 189%.

Gray Reports Strong First Quarter Benefiting From Growth Strategy

ATLANTA, May 03, 2022 (GLOBE NEWSWIRE) -- Gray Tel evision, Inc. (“Gray,” “we,” or “our”) (NYSE: GTN ) has reached an agreement with Telemundo Network Group, LLC that extends the term of Gray's affiliation agreements with Telemundo Network for its existing 12 markets, including Atlanta and 7 markets in Texas. The new agreement also awards Gray the right to launch the first-ever local Telemundo affiliations on Gray's television stations in 22 additional markets.

Gray and Telemundo Significantly Expand Affiliation Partnership

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Value investing is essentially about selecting stocks that are usually cheap but fundamentally sound. TotalEnergies (TTE), Signet (SIG), Vishay Intertechnology (VSH) and Gray Television (GTN) boast low P/CF ratios.

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Here is how Gray Television (GTN) and Nintendo Co. (NTDOY) have performed compared to their sector so far this year.

Is Gray Television (GTN) Stock Outpacing Its Consumer Discretionary Peers This Year?

ATLANTA, April 13, 2022 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) has named John O'Brien as the General Manager of WAVE3, the NBC affiliate in Louisville, Kentucky (DMA 48).

John O'Brien Named General Manager of WAVE3 in Louisville, Kentucky

Has Gray Television (GTN) Outpaced Other Consumer Discretionary Stocks This Year?

Gray Television (GTN) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Fast-paced Momentum Stock Gray Television (GTN) Is Still Trading at a Bargain

The consensus price target hints at a 25.5% upside potential for Gray Television (GTN). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Think Gray Television (GTN) Could Surge 25%: Read This Before Placing a Bet

Here is how Gray Television (GTN) and Rocky Brands (RCKY) have performed compared to their sector so far this year.

Is Gray Television (GTN) Outperforming Other Consumer Discretionary Stocks This Year?

The consensus price target hints at a 28.2% upside potential for Gray Television (GTN). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Can Gray Television (GTN) Climb 28% to Reach the Level Wall Street Analysts Expect?

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Gray Television, Inc.'s (GTN) CEO Hilton Howell on Q4 2021 Results - Earnings Call Transcript

WASHINGTON, D.C., Feb. 25, 2022 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) today promoted Lisa Allen to the new position of Vice President and General Manager of Washington Operations, effective immediately.

Lisa Allen Promoted to General Manager of Gray's Washington Operations

Gray Television (GTN) delivered earnings and revenue surprises of 254.55% and 8.34%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Gray Television (GTN) Q4 Earnings and Revenues Top Estimates

ATLANTA, Feb. 25, 2022 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) today announced financial results for the fourth quarter ended December 31, 2021. While the quarter did not include political advertising revenue at the robust levels experienced in the fourth quarter of 2020, our total revenues of $721 million were strong for an off-year of the two-year political advertising cycle, and higher than our anticipated results due to continued improvement in economic conditions and our acquisition of the Local Media Group of Meredith Corporation on December 1, 2021, and Quincy Media on August 2, 2021. Most notably, in the fourth quarter 2021 our combined local and national broadcast advertising revenue, excluding political advertising revenue (“Total Core Revenue”) increased by 26%, and our retransmission consent revenue increased by 35%. Our total revenue for the year ended December 31, 2021 was $2.4 billion, the highest we have ever reported.

Gray Reports Solid 2021 Performance and is Poised for a Strong 2022

ATLANTA, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today the promotion of Micheal Smith to serve in the newly created position of Station Manager for Gray's independent station PeachtreeTV (WPCH-TV) in Atlanta, Georgia. For the past several years, he has served as the marketing manager for both WGCL CBS 46 and PeachtreeTV.

Gray Announces Promotion of Micheal Smith to Station Manager of PeachtreeTV in Atlanta

Gray Television (GTN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Gray Television (GTN) Q4 Earnings Expected to Decline

ATLANTA, Feb. 18, 2022 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) today promoted Patience Hettrick to Station Manager of WGGB-TV ABC 40 and WSHM-LD CBS 3 in Springfield, Massachusetts, effective immediately.

Gray Promotes Patience Hettrick to Station Manager of its Springfield, Massachusetts, Stations

WASHINGTON, D.C., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “we,” or “our”) (NYSE: GTN) today announced plans to create the Gray Media Training Center in partnership with WLBT, our top-ranked NBC affiliate in Jackson, Mississippi.

Gray Launches Media Training Center to Enhance Industry Diversity and Train the Next Generation of Media Leaders

LAS VEGAS--(BUSINESS WIRE)--Emmy Award-winning production company Tupelo Honey and Las Vegas television station KVVU FOX5 today announced the launch of a new syndicated television series, BEAT THE ODDS. Gray Television owns both Tupelo Honey and KVVU Fox5 and will clear the pilot episode on February 11 across select owned and operated stations reaching approximately one quarter of US television households. In the third quarter of 2022, Tupelo Honey plans to begin production of the 30-minute wee

Sports Betting Series BEAT THE ODDS Launches on February 11

Gray Taps Susan Sim Oh to Lead and Expand Gray's Telemundo Station Group Gray Taps Susan Sim Oh to Lead and Expand Gray's Telemundo Station Group

GRAY EXPANDS ITS ATLANTA MEDIA INVESTMENTS WITH PURCHASE OF TELEMUNDO ATLANTA

ATLANTA, Jan. 26, 2022 (GLOBE NEWSWIRE) -- Gray Television, Inc. (NYSE: GTN) today announced that it will release its earnings results for the quarter ending December 31, 2021 on Friday, February 25, 2022.

GRAY SETS DATE FOR FOURTH QUARTER EARNINGS RELEASE AND EARNINGS CONFERENCE CALL

While the emergence of streaming services damaged most media companies, Gray's acquisition of fellow media company Meredith Corporations Local Media Group gave the company a boost in revenue.

Gray Television: An Overlooked Broadcasting Company

ATLANTA, Jan. 03, 2022 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today that Stephanie Hedrick will become the General Manager of KTTC (NBC) in Rochester, Minnesota (DMA 151), effective January 10th.

Stephanie Hedrick Named General Manager of KTTC in Rochester, MN

ATLANTA, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today that Michael Hornfeck has joined Gray as its General Manager of KOLD (CBS) in Tucson, Arizona (DMA 69). He succeeds Eric Duncan, who Gray recently named as the new General Manager of WALA (FOX) in Mobile, Alabama (DMA 57).

News for Gray TV Stock (GTN)