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 multimedia company headquartered in Atlanta, Georgia and described as the nation’s largest owner of top-rated local television stations and digital assets. Its stations serve 113 television markets reaching a substantial share of U.S. television households, and many of these stations hold top audience rankings in their markets. This news page focuses on developments affecting Gray’s broadcasting, digital media, and financing activities.
News about Gray Media often includes earnings announcements and details about upcoming earnings conference calls, where the company discusses operating results for recent quarters. Investors and analysts follow these updates to understand trends in Gray’s television and digital operations. The company also issues news about dividend declarations, such as Board-authorized quarterly cash dividends on its common and Class A common stock.
Gray’s news flow also covers network affiliation agreements and content partnerships. For example, the company has announced a multi-year renewal of its NBC affiliation agreements in 54 markets, as well as arrangements to broadcast Ohio Valley Conference basketball and to simulcast Memphis Grizzlies games free over-the-air across multiple markets. These items highlight programming and sports content that run across Gray’s station group.
Additional news items may describe acquisitions of local stations, such as the agreement to acquire WBBJ 7 in Jackson, Tennessee, and capital markets transactions like offerings of senior secured notes and related redemptions of existing debt. Updates on leadership appointments, including roles such as investor relations and station general managers, also appear in Gray’s press releases. This page brings together these types of company-specific developments for readers tracking GTN-related news.
Gray Television has announced the launch of a new syndicated television series titled BEAT THE ODDS, produced by Tupelo Honey in collaboration with KVVU FOX5 in location value="LU/us.nv.lasveg"Las Vegas. The pilot episode will air on February 11 across select stations, reaching about a quarter of US households. The show aims to blend sports betting analysis with entertaining storytelling, featuring renowned athletes and analysts. Michael Korr and Cary Glotzer serve as executive producers, making it an exciting addition to sports programming.
Gray Television has signed an agreement to acquire WKTB-CD from Capital Media Group, enhancing its presence in Atlanta’s competitive media landscape. The acquisition includes Surge Digital Media, known for multicultural marketing. Gray now boasts a reach of over one million viewers, targeting the fastest-growing minority groups in the area. With this deal, Gray strengthens its position in the sixth largest U.S. television market and will own Telemundo affiliates in 12 markets. The transaction is expected to close after receiving necessary approvals.
Gray Television (NYSE: GTN) will release its earnings results for Q4 2021 on February 25, 2022. The conference call will begin at 11:00 a.m. ET to discuss the operating results. Interested parties can join the call at 1-855-493-3489 and access a live webcast at www.gray.tv. Gray is the second largest TV broadcaster in the U.S., reaching approximately 36% of U.S. television households, and operates numerous high-rated television stations across 113 markets.
Gray Television, Inc. (NYSE: GTN) has appointed Stephanie Hedrick as the new General Manager of KTTC in Rochester, Minnesota, effective January 10, 2022. Hedrick, who started her career at KWTX in Texas, previously served as news director at KWQC in Iowa, where she significantly increased market share. Her predecessor, Bryce Caldwell, moved to WHNS in South Carolina following Gray's acquisition of Meredith Corporation. Gray Television is a leading owner of local TV stations and digital assets across the U.S.
Gray Television (GTN) has appointed Michael Hornfeck as General Manager of KOLD (CBS) in Tucson, Arizona, succeeding Eric Duncan. Hornfeck brings nearly 40 years of local media experience, having previously served as national sales manager at KVOA and held various management roles there since 2005. His strong ties to the Tucson community and in-depth knowledge of the advertising market position him well to lead KOLD moving forward.
Gray Television announces a two-year deal with legendary Atlanta anchor Monica Kaufman Pearson to host programs on CBS46/WGCL-TV and Peachtree TV/WPCH-TV starting February 2022. Pearson, a pioneer in journalism, is set to launch an interview-themed series, enhancing local programming aimed at deeper viewer engagement. Gray Television, which recently acquired CBS46 and Peachtree TV, aims to enrich its content offerings. With numerous accolades, Pearson is expected to significantly impact the stations' programming strategy.
Gray Television (GTN) has expanded its National Investigative Team, InvestigateTV, enhancing its commitment to investigative journalism. Lee Zurik has been promoted to Vice President of Investigations, while Jamie Grey and Greg Phillips have also received promotions within the team. New hire Daniela Molina joins as an Investigative Producer. The team plans to add more members in 2022, building on successful investigations that highlighted key issues such as government oversight and healthcare disparities. The InvestigateTV show, launched earlier this year, reached an average of 850,000 viewers per episode.
Gray Television has successfully completed the acquisition of Meredith Corporation's Local Media Group, totaling $2.8 billion, or $16.99 per share. This addition strengthens Gray's status as the second largest television broadcaster in the U.S., with anticipated annual revenues of over $3.2 billion. The deal is expected to boost free cash flow per share by 50% for 2021/22, while also leading to updated revenue guidance of $655-$665 million and operating expenses of $457-$466 million for Q4 2021. Gray aims to leverage this acquisition to enhance its market presence.
Origin Sports Network has expanded its distribution, now available on Samsung TV Plus and The Roku Channel, increasing its audience significantly. The channel features diverse sports content, including original programming like The Rise and Origin Sports Portraits, showcasing athletes from various eras. Upcoming themed programming includes Heisman Week and Bowl Week, featuring legendary performances. Chad Swofford from Raycom Sports expressed excitement about the network's growth and audience engagement.
Gray Television has appointed Jennifer Rieffer as the General Manager of WXIX (FOX) in Cincinnati, effective after the acquisition of Meredith Corporation’s Local Media Group on December 1, 2021. Rieffer brings 26 years of industry experience, having held various positions in sales and management at several television stations, including WDKY and WSMH. This strategic move comes as Gray prepares to enhance its market presence, becoming the second-largest television broadcaster in the U.S., serving 113 markets and reaching approximately 36% of U.S. television households.