Welcome to our dedicated page for Gray Media news (Ticker: GTN), a resource for investors and traders seeking the latest updates and insights on Gray Media stock.
Gray Media, Inc. reports developments across a multimedia business built around local television stations, digital assets, and production properties. Its recurring news includes advertising demand, political revenue, retransmission consent economics, station acquisitions, and quarterly financial results for a broadcasting portfolio serving 120 full-power television markets.
Company updates also cover Gray Digital Media, digital and streaming distribution, Telemundo affiliates, sports and video production properties such as Raycom Sports, Tupelo Media Group, PowerNation Studios, Assembly Atlanta, and Third Rail Studios, as well as dividends, investor events, leadership appointments, and governance matters.
Gray Television Inc. partners with American Association of Professional Baseball (AAPB) to bring summer baseball to viewers free over-the-air. The agreement includes airing select AAPB games on local TV stations in Midwestern markets and Gray's sports networks. The AAPB All Star Game will be broadcast over-the-air in multiple markets on July 23, 2024. Gray's commitment to live sports is highlighted, providing viewers with more access to live events.
Gray Television, Inc. (NYSE: GTN) has declared a quarterly cash dividend of $0.08 per share for its common stock and Class A common stock, payable on June 28, 2024. The dividend is authorized by the company's Board of Directors and will be distributed to shareholders of record as of June 14, 2024.
Gray Television, Inc. reported strong financial results for Q1 2024 with total revenue of $823 million and core advertising revenue up by 4% to $372 million. The company anticipates a strong political advertising revenue later in the year, with an extension of its revolving credit facility. Additionally, Gray's Board authorized a $250 million debt repurchase program.
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