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Should Value Investors Buy Gray Media Inc. (GTN) Stock?
ZACKS· 2025-03-21 14:46
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at ...
Jaime Sayre Kawaja Returns to Kentucky to Lead Gray's Stations in the Lexington/Hazard Market
GlobeNewswire News Room· 2025-03-20 20:30
ATLANTA, March 20, 2025 (GLOBE NEWSWIRE) -- Gray Media has named Jaime Sayre Kawaja as General Manager and Director of Sales for WKYT and WYMT, which together serve as the CBS affiliates for the Lexington/Hazard, Kentucky, television market. Effective April 1, she will succeed Jeff Anderson, who recently announced his decision to pursue new opportunities outside of local television. Jaime Kawaja has spent her entire career at Gray Media and brings 28 years of experience in sales and marketing to her new pos ...
Jaime Sayre Kawaja Returns to Kentucky to Lead Gray's Stations in the Lexington/Hazard Market
Newsfilter· 2025-03-20 20:30
ATLANTA, March 20, 2025 (GLOBE NEWSWIRE) -- Gray Media has named Jaime Sayre Kawaja as General Manager and Director of Sales for WKYT and WYMT, which together serve as the CBS affiliates for the Lexington/Hazard, Kentucky, television market. Effective April 1, she will succeed Jeff Anderson, who recently announced his decision to pursue new opportunities outside of local television. Jaime Kawaja has spent her entire career at Gray Media and brings 28 years of experience in sales and marketing to her new pos ...
Can Gray Media (GTN) Climb 31.84% to Reach the Level Wall Street Analysts Expect?
ZACKS· 2025-03-20 14:55
Group 1 - Gray Media (GTN) closed at $5.12, with a 24.9% gain over the past four weeks, and a mean price target of $6.75 indicating a 31.8% upside potential [1] - The mean estimate includes four short-term price targets with a standard deviation of $1.89, where the lowest estimate is $4 (21.9% decline) and the highest is $8 (56.3% increase) [2] - Analysts show strong agreement on GTN's ability to report better earnings, with a positive trend in earnings estimate revisions suggesting potential upside [4][9] Group 2 - The Zacks Consensus Estimate for GTN has increased by 3.6% due to one upward revision in the last 30 days, with no negative revisions [10] - GTN holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11] - While consensus price targets may not be reliable for predicting exact gains, they can indicate the direction of price movement [12]
Is Gray Media (GTN) a Buy as Wall Street Analysts Look Optimistic?
ZACKS· 2025-03-20 14:31
Core Viewpoint - Wall Street analysts' recommendations significantly influence investor decisions, but their reliability is questionable due to potential biases stemming from brokerage firms' vested interests [1][5][9]. Group 1: Brokerage Recommendations - Gray Media (GTN) has an average brokerage recommendation (ABR) of 1.80, indicating a consensus between Strong Buy and Buy, with 60% of the recommendations classified as Strong Buy [2][12]. - The ABR is based on recommendations from five brokerage firms, which may not always reflect the true potential of the stock due to inherent biases [4][9]. Group 2: Zacks Rank vs. ABR - The Zacks Rank, a proprietary stock rating tool, is a more reliable indicator of near-term price performance, classifying stocks from Zacks Rank 1 (Strong Buy) to Zacks Rank 5 (Strong Sell) [7][10]. - Unlike the ABR, which is based solely on brokerage recommendations, the Zacks Rank incorporates earnings estimate revisions, providing a more timely and accurate reflection of stock performance [8][11]. Group 3: Earnings Estimates and Investment Potential - The Zacks Consensus Estimate for Gray Media has increased by 3.6% over the past month, indicating growing optimism among analysts regarding the company's earnings prospects [12]. - This positive trend in earnings estimates has contributed to a Zacks Rank 2 (Buy) for Gray Media, suggesting that the stock may have significant upside potential [13].
FanDuel Sports Network and Cincinnati Reds Partner with WXIX (Fox19), Rock Entertainment Sports Network, and Gray Media to Bring Fans Over-The-Air Cincinnati Reds Baseball
Newsfilter· 2025-03-19 17:00
Core Insights - Gray Media has partnered with FanDuel Sports Network to simulcast at least ten Cincinnati Reds game telecasts on WXIX (Fox19) and Rock Entertainment Sports Network, expanding their reach across Ohio, Kentucky, Indiana, and Tennessee [1][3]. Group 1: Partnership Details - The partnership aims to bring Cincinnati Reds baseball back to free, over-the-air broadcasts, enhancing local sports viewership [1]. - The broadcast schedule includes key games such as the Opening Day on March 27 against the San Francisco Giants and several other matchups throughout the season [5]. Group 2: FanDuel Sports Network Overview - FanDuel Sports Network Ohio serves as the TV and streaming home for multiple local sports teams, including the Cincinnati Reds, Columbus Blue Jackets, and Cleveland Cavaliers [3]. - The network is part of Main Street Sports Group's 15 regional sports networks, producing over 3,000 live local professional telecasts annually [3]. Group 3: Gray Media Company Profile - Gray Media is the largest owner of local television stations in the U.S., reaching approximately 37% of U.S. television households across 113 markets [4]. - The company operates 78 markets with top-rated television stations and has the largest Telemundo Affiliate group with 44 markets [4].
Gray Stations Add Local News Live to Daily Programming Lineup
Newsfilter· 2025-03-17 18:00
ATLANTA, March 17, 2025 (GLOBE NEWSWIRE) -- Local News Live's signature afternoon newscast joins the programming lineup on 37 of Gray Media's local television stations starting today. The one-hour newscast featuring top stories from local journalists in Gray newsrooms across the country will air weekdays at 2:00 p.m. (ET) in most markets. This expansion means Local News Live now airs Monday through Friday in a total of 46 television markets and reaches more than 19 million households according to Nielsen. L ...
FCC Approves First New Combination of Top-Four Rated Television Stations in More Than Five Years with Grant of Gray's KXLT Assignment Application
Newsfilter· 2025-03-11 22:30
Group 1 - The FCC granted a waiver allowing Gray Media to acquire KXLT-TV in Rochester, Minnesota, marking the first approval of a new combination of two top-ranked television stations in over five years [1] - The approval process for this duopoly waiver was notably swift, taking only two months, which is the shortest processing time in FCC history for such a request [1] - Gray Media aims to enhance service for viewers in the Rochester market by leveraging the combined resources of KTTC-TV and KXLT-TV [2] Group 2 - Gray Media, Inc. is the largest owner of top-rated local television stations in the U.S., serving 113 television markets and reaching approximately 37% of U.S. television households [2] - The company operates in 78 markets with the top-rated television station and in 99 markets with the first or second highest-rated television station as of 2024 [2] - Gray Media also owns Gray Digital Media, which provides advanced digital marketing strategies, and has various media properties including video production companies and studio facilities [2]
FCC Approves First New Combination of Top-Four Rated Television Stations in More Than Five Years with Grant of Gray's KXLT Assignment Application
GlobeNewswire News Room· 2025-03-11 22:30
Group 1 - The Federal Communications Commission (FCC) has granted a waiver to Gray Media, allowing the acquisition of KXLT-TV (FOX) in Rochester, Minnesota, where Gray already owns KTTC-TV (NBC) [1] - This approval marks the first FCC authorization for a new combination of two full-power, top-four ranked television stations in the same market in over five years [1] - The processing time for this duopoly waiver is noted to be the shortest in the history of the FCC [1] Group 2 - Gray Media, Inc. is the largest owner of top-rated local television stations and digital assets in the United States, serving 113 television markets that reach approximately 37% of US television households [2] - The company operates in 78 markets with the top-rated television station and in 99 markets with the first and/or second highest-rated television station during 2024 [2] - Gray Media also owns the largest Telemundo Affiliate group with 44 markets and has a full-service digital agency, Gray Digital Media, providing advanced digital marketing strategies [2]
Atlanta Braves Spring Training Games to Air in Spanish on Gray Media's Telemundo Affiliate Stations Across the Southeast
Newsfilter· 2025-03-11 18:00
ATLANTA, March 11, 2025 (GLOBE NEWSWIRE) -- For the first time, Atlanta Braves fans will be able to watch two Spring Training games in Spanish on Telemundo this March. As an extension of its broadcast deal to exclusively air ten Atlanta Braves Spring Training games in 2025, Gray Media will air two of these games simultaneously in Spanish across its 21 Telemundo Affiliate Stations across the Southeast: Sat., 3/15 vs Minnesota, 6:05pmSat., 3/22 vs Detroit, 1:05pm These games will air on the following Gray Med ...