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 leading multimedia company specializing in local television broadcasting, digital marketing solutions, and content production. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and strategic initiatives shaping Gray Media's position in the evolving media landscape.
Access comprehensive coverage of earnings announcements, operational milestones, and regulatory filings alongside analysis of market trends affecting broadcast networks and digital advertising. Our curated news collection offers insights into Gray Media's station acquisitions, technology investments, and partnerships driving innovation in local journalism and multimedia services.
Key updates include:
• Financial Reporting: Quarterly results and annual reports
• Strategic Expansions: Market entries and station acquisitions
• Technology Initiatives: ATSC 3.0 deployment and digital platform enhancements
• Industry Leadership: Awards, recognitions, and regulatory developments
Bookmark this page for direct access to verified information from primary sources, including official press releases and SEC filings. Regularly updated to reflect Gray Media's latest business activities, this resource supports informed decision-making for stakeholders tracking the convergence of traditional broadcasting and digital media innovation.
Gray Media has appointed Jaime Sayre Kawaja as General Manager and Director of Sales for WKYT and WYMT, the CBS affiliates serving the Lexington/Hazard, Kentucky television market, effective April 1. She succeeds Jeff Anderson, who is leaving local television.
Kawaja brings 28 years of experience in sales and marketing, having spent her entire career at Gray Media. Starting as an intern at WKYT, she progressed through various roles including regional, digital, and local sales manager. She served as general sales manager from 2018 to 2022 before becoming General Manager of WFLX in West Palm Beach.
Gray Media (NYSE: GTN) is 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, along with the largest Telemundo Affiliate group spanning 44 markets.
Gray Media (NYSE: GTN) has announced a partnership with FanDuel Sports Network to simulcast ten Cincinnati Reds baseball games on WXIX (Fox19) and Rock Entertainment Sports Network across Ohio, Kentucky, Indiana, and Tennessee. The broadcast package includes Opening Day and nine additional games from March through September 2025.
The partnership brings Reds baseball back to free, over-the-air broadcasts, with Gray's market-leading television stations in Charleston-Huntington, Lexington, Louisville, and Nashville planning to air the package. Additional markets are expected to be added soon.
FanDuel Sports Network Ohio, part of Main Street Sports Group's 15 owned and operated regional sports networks, serves as the TV and streaming home for the Cincinnati Reds, Columbus Blue Jackets, and Cleveland Cavaliers, offering extensive live, local sports programming in the market.
Gray Media (NYSE: GTN) has expanded its Local News Live afternoon newscast to 37 additional local television stations, reaching over 19 million households across 46 television markets. The one-hour program, which airs weekdays at 2:00 p.m. (ET), features top stories from local journalists across Gray's 113 markets.
Anchored by Debra Alfarone, the program includes live breaking news coverage, a solutions-based segment called 'The Good Side,' and contributions from Gray's Washington DC Bureau and New York City correspondents. The program focuses on delivering national and international stories through a local perspective.
Local News Live, launched in February 2021 as a national free ad-supported streaming (FAST) news network, will continue to be available on over 500 Gray station websites, connected TV apps, and mobile apps. The service can be accessed through dedicated apps on Roku, Amazon Fire, Apple TV, iOS, and Android streaming devices.
The Federal Communications Commission (FCC) has granted Gray Media approval to acquire KXLT-TV (FOX) in the Rochester, Minnesota television market, where it already owns KTTC-TV (NBC). This marks the first FCC approval of a new combination of two full-power, top-four ranked, same-market television stations in over five years.
The FCC's Media Bureau granted a waiver of local ownership rules and issued their decision just two months after the application submission - reportedly the fastest processing time for a duopoly waiver in Commission history. Gray plans to combine the resources of both stations to enhance viewer service in the Rochester market.
Gray Media (NYSE: GTN) has announced an expansion of its Atlanta Braves Spring Training broadcast coverage, offering Spanish-language broadcasts for the first time across its 21 Telemundo Affiliate Stations in the Southeast. The initiative includes two games in March 2025: Minnesota on March 15 at 6:05pm and Detroit on March 22 at 1:05pm.
This Spanish-language coverage is part of Gray Media's exclusive rights to broadcast ten Atlanta Braves Spring Training games in 2025. The broadcasts will reach viewers across Telemundo stations in Georgia, Alabama, Tennessee, South Carolina, and Mississippi, expanding the Braves' reach to Spanish-speaking audiences throughout the region.
Gray Media and the St. Louis Cardinals have announced a significant broadcasting partnership to air at least ten baseball games on free, over-the-air television across eight states. The games will be simulcast with FanDuel Sports Network through KMOV and Matrix Midwest in St. Louis, reaching approximately 7.5 million television households.
The partnership marks the first time since 2010 that Cardinals games will be televised locally on free, over-the-air channels as part of a non-national broadcast. The coverage begins April 11, 2025, with the Cardinals hosting the Philadelphia Phillies at Busch Stadium. The broadcast schedule includes games against the Milwaukee Brewers, Kansas City Royals, Texas Rangers, Los Angeles Dodgers, and Cincinnati Reds.
The coverage will extend across multiple Gray-owned stations in markets including Cape Girardeau, Springfield, Memphis, Jonesboro, Rockford, Peoria, Quincy, Evansville, Sioux City, Cedar Rapids, Ottumwa, Davenport, and Rochester/Mason City.
Gray Media (NYSE: GTN) has appointed Ellenann Yelverton as its General Counsel. Yelverton, who previously served as Deputy General Counsel since the Gray/Raycom Media merger in 2019, brings extensive experience in managing legal matters across various disciplines and acquisitions of television stations.
Gray Media stands as the nation's largest owner of top-rated local television stations, operating in 113 television markets reaching approximately 37% of US television households. The company's portfolio includes 78 markets with top-rated stations and 99 markets with first or second-highest rated stations in 2024. Additionally, Gray owns the largest Telemundo Affiliate group spanning 44 markets, along with Gray Digital Media, Raycom Sports, Tupelo Media Group, PowerNation Studios, and production facilities Assembly Atlanta and Third Rail Studios.
Gray Media (NYSE: GTN) has partnered with the Memphis Grizzlies and FanDuel Sports Network to simulcast five upcoming Grizzlies games across Tennessee's three largest markets. The games will be broadcast free, over-the-air in Memphis, Nashville, and Knoxville from March 12th to April 13th, 2025.
The broadcasts will be available on WMC-TV in Memphis, WSMV-TV in Nashville, and WBXX/MyVLT in Knoxville. The coverage includes the FanDuel Sports Network broadcast team and Grizzlies LIVE pre and post-game shows. The Grizzlies, currently second in the NBA's Western Conference and fourth overall, will feature stars Ja Morant, Jaren Jackson Jr., and Desmond Bane.
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 March 31, 2025, to shareholders who are on record as of the close of business on March 14, 2025. This dividend announcement follows the Board of Directors' authorization.
Gray Media (NYSE: GTN) reported strong Q4 2024 financial results, with total revenue reaching $1.0 billion, up 21% year-over-year. The company achieved $497 million in political advertising revenue for full-year 2024, leading among peers. Q4 highlights include:
- Net income of $156 million, compared to a $22 million loss in Q4 2023
- Political advertising revenue increased 658% to $250 million
- Core advertising revenue decreased 8% to $380 million
- Retransmission consent revenue slightly declined 1% to $361 million
The company reduced its debt by $520 million in 2024 and maintained strong financial metrics with First Lien Leverage Ratio at 2.97x and total Leverage Ratio at 5.49x. For Q1 2025, Gray expects core advertising revenue to decline 7-8%, partly due to Super Bowl broadcasting changes and one less selling day.
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