Group 1 - Gray Media has appointed Blake Sebo as the General Manager of KTUU and KYES, its NBC and CBS affiliates in Anchorage, Alaska [1] - Blake Sebo has nearly twenty years of experience in the broadcast television industry, previously serving as a Sales Manager at KHBS/KHOG-TV and as Marketing and Research Director at KFSM-TV [2] - Gray Media is the largest owner of top-rated local television stations in the U.S., reaching approximately 37 percent of U.S. television households [4] Group 2 - Gray Media's portfolio includes 78 markets with the top-rated television station and 99 markets with the first and/or second highest rated television station during 2024 [4] - The company also owns Gray Digital Media, which provides digital marketing strategies and services [4] - Gray Media has additional media properties including video production companies and studio production facilities [4]

Partnership Renewal - The Atlanta Dream and Gray Media have renewed their partnership for the 2025 WNBA season, allowing fans to watch Dream games from home [1][2] - The 2025 Dream season will begin on May 16 against the Washington Mystics [1] Market Demand and Growth - Demand for the Atlanta Dream is at an all-time high, with a full-season 20 game sellout last season and broadcast numbers increasing tenfold from previous seasons [2] - The partnership with Gray Media has been crucial for increasing visibility and support in the market [2] Broadcast Availability - All non-national exclusive Dream games will be available on Peachtree TV's free over-the-air broadcasts and major cable and satellite systems including Xfinity, Spectrum, DirecTV, and DISH Network [2] - Peachtree Sports Network will also simulcast these games and additional Dream-related programming across various Georgia cities [2][3] Gray Media's Sports Investments - Gray Media has made significant sports investments in Atlanta, partnering with various local sports teams including the Atlanta Braves (MLB) and Atlanta Hawks (NBA) [3] - Gray Media also has national broadcast partnerships with WNBA teams such as the Las Vegas Aces and Phoenix Mercury, as well as several NBA teams [3] Atlanta Dream Overview - Established in 2008, the Atlanta Dream is the only WNBA franchise in the Southeast, playing home games at the Gateway Center Arena [4] - The team has produced 11 WNBA All-Stars, achieved three first-place regular-season finishes, and made three WNBA finals appearances [4] Gray Media Overview - Gray Media, Inc. is the largest owner of local television stations in the U.S., reaching approximately 36% of U.S. television households [5] - The company also owns Gray Digital Media, providing advanced digital marketing strategies and services [5]

Core Viewpoint - Gray Media (GTN) has shown significant stock performance recently, outperforming the S&P 500 and the broader broadcast radio and television industry, raising questions about its near-term prospects [2]. Earnings Estimate Revisions - For the current quarter, Gray Media is expected to report earnings of $1.59 per share, reflecting a substantial increase of +762.5% year-over-year, with a recent consensus estimate increase of +11.8% [5]. - The consensus earnings estimate for the current fiscal year stands at $3.32, indicating a change of +338.9% from the previous year, with a +33.3% increase in estimates over the last month [5]. - For the next fiscal year, the consensus estimate is -$0.28, showing a decline of -108.4% compared to the prior year, with a decrease of -33.3% in estimates over the past month [6]. Revenue Growth - The consensus sales estimate for the current quarter is $1.04 billion, representing a year-over-year increase of +20.7%. For the current and next fiscal years, the revenue estimates are $3.64 billion and $3.23 billion, indicating changes of +11% and -11.3%, respectively [9]. Last Reported Results and Surprise History - In the last reported quarter, Gray Media achieved revenues of $950 million, a year-over-year increase of +18.3%, with an EPS of $0.86 compared to -$0.57 a year ago [10]. - The reported revenues were slightly below the Zacks Consensus Estimate of $966 million, resulting in a revenue surprise of -1.66%, while the EPS surprise was -8.51% [11]. Valuation - Gray Media is graded A in the Zacks Value Style Score, indicating it is trading at a discount compared to its peers, suggesting potential undervaluation [15]. Conclusion - The analysis indicates that Gray Media may outperform the broader market in the near term, supported by its Zacks Rank 2 [16].

Core Insights - Gray Media will broadcast Super Bowl LIX using High Dynamic Range (HDR) technology across its NEXTGEN TV FOX affiliates, enhancing the viewing experience for audiences in eight markets [1] - The company has launched Dolby Vision and HDR10+ formats at its FOX affiliate in New Orleans and four other affiliates, expanding its HDR capabilities [2] - Gray Media introduced GameLoop, a new NEXTGEN TV free gaming channel, allowing users to play classic games on select NEXTGEN TVs, further enhancing viewer engagement [3][4] Company Overview - Gray Media, Inc. is the largest owner of top-rated local television stations in the U.S., serving 113 television markets and reaching approximately 36% of U.S. television households [4] - The company operates 77 markets with the top-rated television station and has the largest Telemundo Affiliate group, covering 43 markets with nearly 1.5 million Hispanic TV households [4] - Gray Media also includes Gray Digital Media, which provides advanced digital marketing strategies, and owns various media properties, including video production companies and studio facilities [4]

Gray Media (GTN) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earnings ...

ATLANTA, Feb. 04, 2025 (GLOBE NEWSWIRE) -- The Kansas City Royals today announced a partnership with Gray Media to provide new, expanded, and free access for fans by simulcasting 10 regular season broadcasts with FanDuel Sports Network, the Royals rightsholder partner.   The games will be shown on KCTV5 (CBS), KSMO (MyNetwork) or both on Sundays throughout the season, with selected games to be announced at a later date. This new partnership will greatly increase reach and access to the selected games, provi ...

Games also to air on Gray Media stations throughout MidwestATLANTA, Feb. 04, 2025 (GLOBE NEWSWIRE) -- The Kansas City Royals today announced a partnership with Gray Media to provide new, expanded, and free access for fans by simulcasting 10 regular season broadcasts with FanDuel Sports Network, the Royals rightsholder partner. The games will be shown on KCTV5 (CBS), KSMO (MyNetwork) or both on Sundays throughout the season, with selected games to be announced at a later date. This new partnership will great ...

ATLANTA, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Gray Media has renewed its daily, 30-minute news magazine InvestigateTV+ for a third season. The renewal naturally followed from continued ratings growth for the program in its second season, including weekly cumulative reach with Adults 18+ is up 5.7% in the first 18 weeks of the 2024-2025 season compared to the same period in 2023-2024 according to Nielsen. Gray also renewed the weekend edition of the show, InvestigateTV+ Weekend, for 2025-2026, its fifth season. ...

ATLANTA, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (NYSE:GTN) announced today the promotion of Pamela Biddle to the position of Vice President/General Manager of WTVM, the ABC affiliate in Columbus, Georgia, effective February 3, 2025. Pamela Biddle has more than 22 years of experience working in the broadcast media industry, beginning as a local television Account Executive in Terre Haute, Indiana at NBC affiliate WTWO and most recently as the Director of Sales for WTVM, which earned the Georgia ...

Gray Media, Inc. (NYSE: GTN ) recently made substantial efforts for reducing total operating expenses and evaluation of capital expenditure needs for 2025. Also, taking into account decreases in the total amount of net debt and recent repurchaseLike the common kingfisher or Alcedo Atthis searches for small fish, I research small, and medium cap companies in Europe, the United States, and South America. You can find a common kingfisher in my profile.With close to 14 years in the financial industry, I worked ...