Gray Television Inc Stock Price, News & Analysis

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.

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.

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.

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.

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.

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.

Gray Media (NYSE: GTN) has announced it will release its Q1 2025 earnings results on Thursday, May 8, 2025. The company will host an earnings conference call at 1:00 p.m. Eastern Time on the same day, with a live dial-in number and webcast available.

Gray Media is a multimedia company based in Atlanta, serving 113 television markets reaching approximately 37% of US television households. The company's portfolio includes:

• 78 markets with top-rated television stations
• 99 markets with first/second highest-rated stations (2024)
• Largest Telemundo Affiliate group (44 markets)
• Digital assets including Gray Digital Media
• Production companies: Raycom Sports, Tupelo Media Group, PowerNation Studios
• Studio facilities: Assembly Atlanta and Third Rail Studios

Gray Media (NYSE: GTN) and the Minnesota Twins have announced a significant broadcasting partnership that will bring Twins baseball back to free, over-the-air television for the first time since 2012. The multi-year agreement includes 10 Tuesday night regular season games per season, which will be broadcast on FOX 9 (KMSP-TV) and across multiple Gray Media stations in Minnesota, North Dakota, South Dakota, and Iowa.

The partnership marks the first outer market Twins Territory over-the-air coverage since 1988. Each broadcast will feature an exclusive 40-minute FOX 9 pregame show. Additionally, five Twins contests have been selected for national FOX Saturday Baseball telecasts, bringing the total to 15 regular season games airing locally on FOX 9 in 2025.

The broadcasts will be simulcasts of MLB's Twins.TV production, ensuring widespread accessibility across the region through Gray Media's extensive network of affiliate stations.

Gray Media (NYSE: GTN) has announced significant enhancements to its financing facilities. The company has increased its accounts receivable securitization facility (AR Facility) by $100 million to reach $400 million total commitments, extending its maturity from February 2026 to March 2028.

Additionally, Gray has expanded its revolving credit facility (Revolver) by $20 million, bringing the total commitments to $700 million. These combined amendments boost Gray's available liquidity by approximately $120 million.

Gray Media operates as the nation's largest owner of top-rated local television stations, serving 113 television markets reaching about 37% of US television households. The company maintains the top-rated television station in 78 markets and first/second highest-rated stations in 99 markets during 2024.