Gray Television Inc Stock Price, News & Analysis

EdgeBeam Wireless, a new joint venture formed by four major broadcasting groups (E.W. Scripps, Gray Media, Nexstar Media Group, and Sinclair), aims to provide nationwide wireless data services using ATSC 3.0 technology. The venture will leverage existing broadcast infrastructure to deliver data services across multiple industries.

The company targets three main markets with significant revenue potential: automotive connectivity ($3.7B/year), content delivery networks ($3.65B/year), and enhanced GPS ($220M/year). EdgeBeam will deliver data to any civilian or military device with an ATSC 3.0 receiver, including vehicles, drones, phones, and TVs.

The partnership creates a spectrum footprint larger than any individual broadcaster could achieve, with plans to partner with additional broadcasters for nationwide coverage. The service can also provide a backup to existing GPS capabilities, enhancing U.S. economic security.

Gray Media (NYSE: GTN) has partnered with the St. Louis Blues to broadcast three NHL games free over-the-air on First Alert 4 (KMOV-TV) and Matrix Midwest. These games will be available to over 4.8 million television households across 12 affiliate stations in five states. The games include:

• Feb 22 vs Winnipeg
• Mar 8 at Los Angeles
• Mar 25 vs Montreal

This marks the first time in 15 years that Blues games will be available free on local broadcast TV. The broadcasts will extend to markets including Kansas City, Springfield, Cape Girardeau, Quincy, Peoria, Topeka, Cedar Rapids, Davenport, Evansville, Ottumwa, and Columbia. The Blues will use the on-air talent and production crew of FanDuel Sports Network for consistency. Gray Media's portfolio includes top-rated TV stations in 113 markets, reaching 36% of US TV households. Gray also owns digital marketing agency Gray Digital Media and several media production companies.

Gray Media (NYSE: GTN) has announced the promotion of Alison Davis to General Manager of WTOK, the ABC/CW/Telemundo affiliate in Meridian, Mississippi, effective January 6, 2025. Davis, who will maintain her current role as Director of Sales, brings over 30 years of media sales experience to the position.

Gray Media, headquartered in Atlanta, Georgia, is the nation's largest owner of top-rated local television stations and digital assets, serving 113 television markets reaching approximately 36 percent of US television households. The company's portfolio includes 77 markets with top-rated stations and 100 markets with first/second highest-rated stations. It also operates the largest Telemundo Affiliate group across 43 markets, reaching nearly 1.5 million Hispanic TV Households.

Gray Media (NYSE: GTN) has appointed Jacque Harms as the new General Manager of KKTV, their CBS affiliate in Colorado Springs, Colorado. Harms brings over 35 years of media experience, most recently serving as General Manager at WTOK-TV in Meridian, Mississippi. Under her leadership, WTOK-TV achieved significant success, winning the Mississippi Association of Broadcasters Small Market Station of the Year in 2024 and being named a National Association of Broadcasters Service to America Finalist in 2021.

Her tenure at WTOK-TV saw remarkable digital growth, with the station's digital audience outperforming local competitors by 144%. The station also increased its sign-on/sign-off ratings by 34% in 2024. Gray Media, headquartered in Atlanta, is the nation's largest owner of top-rated local television stations, reaching approximately 36% of US television households across 113 markets. The company's portfolio includes 77 top-rated stations and 43 Telemundo affiliates serving 1.5 million Hispanic TV households.

Gray Media (NYSE: GTN) announced that KTUU and KYES General Manager Nancy Johnson will retire on January 3, 2025, after joining KTUU, Gray's NBC affiliate in Anchorage, Alaska, in 1981. During her tenure, Johnson served in various leadership roles and expanded local news to over 22 hours weekly content. Under her leadership, the stations won numerous awards including RTDNA Edward R. Murrow awards and NATAS Emmy Awards.

Gray Media is the nation's largest owner of top-rated local television stations, serving 113 television markets reaching approximately 36% of US television households. The company's portfolio includes 77 markets with top-rated stations and 100 markets with first/second highest-rated stations, plus the largest Telemundo Affiliate group covering 43 markets with nearly 1.5 million Hispanic TV Households.

Gray Television (NYSE: GTN) announced its Board of Directors has unanimously approved changing the company's name to Gray Media, Inc., effective January 1, 2025. The change aligns with the company's recent practice of being referred to as 'Gray Media' or 'Gray'. Executive Chairman Hilton H. Howell noted this reflects the company's expansion into new geographic and business markets, diversified reach beyond local media, and increased investment in new business models and technologies. The name change won't affect trading symbols, CUSIPs, or security holders' rights, with common stock and Class A common stock expected to trade under the new name starting January 10, 2025.

Gray Television (NYSE: GTN) has renewed its ABC network affiliation agreements with The Walt Disney Company across 25 markets through December 31, 2028. The renewal extends the company's long-standing partnership with Disney/ABC, combining ABC's network shows, news, and sports content with Gray's local programming.

The agreement covers major markets including Tampa-St. Pete, Green Bay-Appleton, Toledo, and Springfield, among others. Gray Television is currently the largest owner of top-rated local television stations in the US, reaching approximately 36 percent of US television households across 113 television markets.

The Atlanta Braves (Nasdaq: BATRA, BATRK) and Gray Media (NYSE: GTN) have announced a multi-year partnership starting in 2025. Gray will simulcast 15 regular season games alongside FanDuel Sports Network and exclusively produce 10 spring training games. The partnership will expand the Braves' reach to more than 15 million households across 24 markets in six states through Gray's network of broadcast stations.

Games will be broadcast on Peachtree TV Atlanta's CW and various Gray-owned ABC, CBS, FOX, NBC, and CW affiliates. The partnership aims to develop additional content featuring Braves players, coaches, and alumni throughout the year. This collaboration makes Braves baseball more accessible through multiple viewing options including cable, local TV, and streaming.

Gray Media (NYSE: GTN) announced the retirement of two veteran General Managers at year-end: Holly Steuart from WTVM (ABC affiliate) in Columbus, Georgia, and Scott Sanders from WMBF (NBC affiliate) in Myrtle Beach, South Carolina. Steuart, who has led WTVM since 2013, oversaw the installation of state-of-the-art technology enabling 50 hours of weekly live local newscasts. Under her leadership, WTVM was named 'Station of the Year' by the Georgia Association of Broadcasters. Sanders, retiring after 45 years in media, has led WMBF since 2020, during which time the station earned several Regional Emmy Awards, a Murrow Award, and numerous STAR Awards.