Gray Television Class A
GTN.A

$8

13.64%

Market Cap: $793M

About: Gray Television Inc is a television broadcast company. The company is engaged in owning and operating television stations. It also owns video program production, marketing, and digital business. It has two segments namely, Broadcasting and Production companies. Majority of the revenue is generated from the broadcasting segment which operates television stations in local markets in the United States.

Employees: 9,394

Communication Services Television Broadcasting Stations

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

6% more capital invested

Capital invested by funds: $2.55M [Q1] → $2.71M (+$163K) [Q2]

0.07% more ownership

Funds ownership: 3.32% [Q1] → 3.39% (+0.07%) [Q2]

0% more repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 3

8% less funds holding

Funds holding: 13 [Q1] → 12 (-1) [Q2]

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 1

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Research analyst outlook

We haven’t received any recent analyst ratings for GTN.A.

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Financial journalist opinion

Based on 3 articles about GTN.A published over the past 30 days

InvestigateTV+ Grows Clearances for 2024 – 2025 Season

ATLANTA , Sept. 04, 2024 (GLOBE NEWSWIRE) -- Gray Media (NYSE: GTN) today announced that InvestigateTV+, its award-winning 30-minute news magazine, is now cleared on weekends in 67% of the U.S for the 2024 – 2025 season. The weekday edition of the program is also expanding its reach to 46% of the U.S. this fall. InvestigateTV+ and InvestigateTV+ Weekend will launch their new seasons the week of September 9th.

InvestigateTV+ Grows Clearances for 2024 – 2025 Season

Gray Media Announces Coverage Plans for 2024 Democratic National Convention

ATLANTA, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Gray Media (NYSE: GTN) today announced comprehensive coverage plans for the 2024 Democratic National Convention.

Gray Media Announces Coverage Plans for 2024 Democratic National Convention

Gray Television: Bumpy Ride But Thesis Intact

Gray Television is the second-largest local television broadcaster in the US, with stations in 114 markets. Gray Television's stock price plunged after mixed second-quarter results, but the company still has potential for growth. GTN is expected to benefit from a surge in political advertising revenue for the 2024 general election. Every dollar of debt paid off should translate into accretion for equity holders.

Gray Television: Bumpy Ride But Thesis Intact

GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE

ATLANTA, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share of its common stock and Class A common stock. The dividend is payable on September 30, 2024, to shareholders of record at the close of business on September 13, 2024.

GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE

Gray Announces Operating Results for the Second Quarter

ATLANTA, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray Media,” “Gray,” “we,” “us” or “our”) (NYSE: GTN) today announced financial results for the second quarter ended June 30, 2024, including total revenue of $826 million and total operating expenses (before depreciation, amortization and loss on disposal of assets) of $607 million. While we are overall pleased with our results in the second quarter, macro-economic and other factors largely beyond our control appear likely to result in somewhat lower revenues for the year than we previously anticipated.

Gray Announces Operating Results for the Second Quarter

PALMETTO SPORTS & ENTERTAINMENT TO LAUNCH STATEWIDE ON GRAY MEDIA STATIONS

Contact: Robby ThomasVice President & General ManagerWIS 10 – wistv.com(803) 799-1010 – robby.thomas@wistv.com

PALMETTO SPORTS & ENTERTAINMENT TO LAUNCH STATEWIDE ON GRAY MEDIA STATIONS

Rock Entertainment Group and Gray Media Join Forces to Launch Rock Entertainment Sports Network

The new Rock Entertainment Sports Network will be the 24/7 home of local Ohio sports, including the Cleveland Monsters, Cleveland Charge, St. Edward High School and Lake Erie Crushers Programming The new Rock Entertainment Sports Network will be the 24/7 home of local Ohio sports, including the Cleveland Monsters, Cleveland Charge, St. Edward High School and Lake Erie Crushers Programming

Rock Entertainment Group and Gray Media Join Forces to Launch Rock Entertainment Sports Network

Gray Media Partners with Harlem Globetrotters for their Historic Return to Live Television Across the Nation for First Time in 40 Years

ATLANTA, July 18, 2024 (GLOBE NEWSWIRE) -- The Harlem Globetrotters and Gray Media (NYSE:GTN) proudly announce the live broadcast of a Harlem Globetrotters game from their historic sports residency at American Dream in New Jersey on August 18, 2024. The event tips off at 7pm ET on local television stations owned by Gray, including Peachtree TV (WPCH) in Atlanta, and more than ninety other markets.

Gray Media Partners with Harlem Globetrotters for their Historic Return to Live Television Across the Nation for First Time in 40 Years

Gray Media's InvestigateTV and WVUE Honored with the Society of Professional Journalists' Sigma Delta Chi Awards

Atlanta, July 16, 2024 (GLOBE NEWSWIRE) -- The Society of Professional Journalists has awarded InvestigateTV, Gray Media's (“Gray”) (NYSE: GTN) national investigative team and WVUE, Gray's FOX affiliated television station in New Orleans, Louisiana, with three prestigious 2023 Sigma Delta Chi Award for Excellence in Journalism. Founded in 1909 as Sigma Delta Chi, the Society of Professional Journalists (SPJ) is the nation's most broad-based journalism organization, dedicated to the free flow of information and protecting free speech.

Gray Media's InvestigateTV and WVUE Honored with the Society of Professional Journalists' Sigma Delta Chi Awards

Taking A (Speculative) Position In Gray Television

Reviewed Gray Television Inc. stock, decided not to buy more but wrote puts that expired worthless, now considering buying 1,000 shares for a speculative portfolio. Financial snapshot shows profits dropped in 2023 due to revenue decrease and higher input costs, but improved compared to pre-pandemic levels. Valuation compared to 10 Year Treasury Note shows the dividend can drop 10% annually and still match Note returns, suggesting solid investment at current prices.

Taking A (Speculative) Position In Gray Television

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