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 promoted Michele Gors to General Manager of KEYC News Now in Mankato, Minnesota, effective November 15, 2021. Gors, an Emmy Award-winning broadcast professional with over 30 years of experience, succeeds Ed Woloszyn, who recently passed away due to cancer. Previously, Gors served as News Director at KTTC in Rochester, Minnesota. Gray Television, headquartered in Atlanta, is the largest owner of local television stations in the U.S., and upon acquiring Meredith Corporation's television stations, will become the second-largest broadcaster in the nation.
Gray Television has announced the promotion of Herb Bruce to General Manager/General Sales Manager of KALB, their NBC affiliate in Alexandria, Louisiana. Bruce has a 19-year tenure at the station, previously serving as a Senior Account Executive and General Sales Manager. He succeeds Michele Godard, who is retiring after 28 years, with a smooth transition planned as she remains as a consultant until year-end. With the upcoming acquisition of Meredith Corporation's television stations, Gray is set to become the second-largest television broadcaster in the U.S., reaching 36% of U.S. TV households.
Gray Television has appointed John Fiorelli as the new General Manager/General Sales Manager of KOLO-TV in Reno, Nevada, effective immediately. Fiorelli brings over 20 years of media experience in the Reno market, having held various positions at KOLO-TV since 2006. He succeeds Matt Eldridge, who recently retired. Senior Vice President Nick Matesi praised Fiorelli's commitment to the station and the community. Gray Television, based in Atlanta, is the largest owner of local television stations in the U.S. and is set to become the second largest broadcaster after acquiring Meredith Corporation's stations.
IAC's Dotdash has announced an agreement to acquire Meredith Corporation's National Media Group for $42.18 per share in an all-cash transaction. This deal aims to combine Dotdash's digital publishing expertise with Meredith's iconic brand portfolio, creating one of the largest publishers in the U.S. The combined entity, named Dotdash Meredith, is expected to reach 175 million online consumers monthly. The transaction is anticipated to close by the end of the year, funded by a mix of cash and new debt, with both companies' boards approving the agreement.
Gray Television, Inc. (NYSE: GTN) will report its earnings for the quarter ending September 30, 2021, on November 4, 2021. The earnings conference call is scheduled for 11:00 a.m. ET on the same day, with a live dial-in at 1-855-493-3489 and a confirmation code of 8366927. Gray Television, based in Atlanta, is the largest owner of local television stations and digital assets in the U.S. Following the acquisitions of Quincy Media and Meredith Corporation's stations, Gray will become the second largest television broadcaster, reaching approximately 36% of U.S. TV households.
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Gray Television (NYSE: GTN) announced the acquisition of Third Rail Studios in Doraville, Georgia, for $27.5 million. This facility, notable for producing popular shows like Ozark and films starring A-list actors, will enhance Gray's Assembly development, located at a former GM plant, aimed at establishing a major studio hub. The project, expected to further stimulate Georgia's media industry, is set to open its first phase by fall 2022. Additionally, Gray anticipates significant growth, preparing to become the second-largest local broadcaster in the U.S.
Gray Television announced the passing of Ed Woloszyn, General Manager of KEYC News Now, after a brief battle with cancer. Ed joined KEYC in 2016 and became GM in 2019, previously working at stations in Wisconsin, Illinois, and Michigan. His community involvement included roles in local organizations. Gray's Senior Vice President Mike King expressed deep sadness over Ed's loss, praising his dedication to colleagues and community. Gray Television, based in Atlanta, is set to become the second largest US broadcaster post-acquisition of Meredith Corporation's stations, reaching 36% of US households.
Gray Television (GTN) has partnered with the Salvation Army to raise funds for Hurricane Ida relief efforts. Following the storm's landfall on August 29, which devastated Louisiana, Gray's local news stations across 103 markets will support the 'Lift Up Louisiana' campaign. CEO Hilton H. Howell emphasized the importance of aiding affected communities and announced a $50,000 contribution from Gray. The campaign ensures that 100% of donations go directly to disaster relief, highlighting Gray's commitment to community support during crises.
Gray Television announced key management changes effective September 7, 2021. Ronna Corrente, currently General Manager of WVUE Fox 8 in New Orleans, will take over as General Manager of WAVE 3 in Louisville. Mikel Schaefer, current News Director at WVUE, will assume Corrente's role, succeeded by Kristen Palestina, the station's Assistant News Director. Corrente has a successful track record, including significant awards for her leadership. Gray Television continues to expand its influence, soon becoming the second-largest broadcaster in the U.S.
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