ATLANTA, March 31, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. ("Gray" or the "Company") (NYSE:GTN) today announced that it has increased the aggregate commitments under its revolving accounts receivable securitization facility (the "AR Facility") by $100 million, resulting in aggregate commitments under the AR Facility of up to $400 million, and extended the maturity of the facility from February 23, 2026 to March 31, 2028. Gray Contacts: Jeffrey R. Gignac, Executive Vice President, Chief Financial Officer, ...

ATLANTA, March 31, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. ("Gray" or the "Company") (NYSE: GTN) today announced that it has increased the aggregate commitments under its revolving accounts receivable securitization facility (the "AR Facility") by $100 million, resulting in aggregate commitments under the AR Facility of up to $400 million, and extended the maturity of the facility from February 23, 2026 to March 31, 2028. About Gray: The Company also announced that it has increased the commitments under i ...

Summary of Key Points from the Conference Call Industry Overview - The conference call primarily discusses the **High Yield (HY) Telecom, Cable, and Media** sectors, highlighting the competitive landscape and investment needs that are affecting credit outlooks across these industries [11][67]. Core Insights and Arguments 1. **Cautious Outlook for HY Telecom and Cable**: The overall outlook for HY telecom and cable remains cautious due to intense competition and significant investment needs, which are expected to keep leverage elevated [11][67]. 2. **Media Sector Pressures**: The HY media sector faces secular pressures such as cord-cutting and macroeconomic uncertainties that may adversely impact advertising revenues this year [11][12]. 3. **Credit Spread Risks**: Risks to credit spreads are skewed to the downside, prompting recommendations for more defensive sector trades while identifying attractive relative-value buying opportunities [12][67]. 4. **CHTR HY/IG Differential**: Expectations for the CHTR HY/IG differential to decompress in 2025, with a recommendation to sell certain CHTR bonds while buying others to capitalize on this shift [14][17]. 5. **Debt Issuance and Leverage**: CHTR is projected to issue approximately $1.1 billion in net debt this year, with year-end 2025 pro forma net leverage expected to be around 4.25x [17]. 6. **Potential M&A Activity**: The call suggests that ATUS/CSCHLD might benefit from potential M&A activity, with recommendations to buy lower-dollar guaranteed notes [18][21]. 7. **SATS Opportunities**: SATS is highlighted for refinancing prospects and spectrum valuation, with specific trade recommendations for secured and unsecured notes [22][27]. 8. **LUMN's Mass Markets Segment**: A potential sale of LUMN's Mass Markets segment is seen as a catalyst for the company, with a valuation of approximately $6.6 billion [31][30]. 9. **SBGI vs. GTN Leverage**: SBGI's net leverage is expected to increase more significantly than GTN's in 2025, with specific trade recommendations to sell SBGI and buy GTN bonds [37][41]. 10. **CCO's High Leverage Risks**: CCO's high leverage presents downside risks, with expectations for spreads to widen due to macroeconomic uncertainties and investor fatigue [46][42]. Additional Important Insights - **Consolidation Trends**: The call notes that consolidation and M&A could increase as telecom and cable players seek to remain competitive and profitable [21]. - **Market Pricing Dynamics**: The market is currently pricing in hypothetical scenarios for various companies, indicating a complex landscape for credit assessments [72][70]. - **Strategic Uncertainties in Media**: The media sector is facing strategic uncertainties while waiting for direct-to-consumer (DTC) gains to outpace pressures from traditional linear models [73][74]. This summary encapsulates the key points discussed in the conference call, providing insights into the current state and future outlook of the HY Telecom, Cable, and Media sectors.

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, identified through the Zacks Momentum Style Score [2] Group 2: Gray Media (GTN) Analysis - Gray Media (GTN) has shown a price increase of 18.4% over the past four weeks, indicating growing investor interest [3] - GTN has gained 62.3% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [4] - The stock has a beta of 1.45, suggesting it moves 45% more than the market in either direction [4] - GTN has a Momentum Score of A, indicating a favorable time to invest [5] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [6] - GTN is trading at a Price-to-Sales ratio of 0.13, indicating it is undervalued at 13 cents for each dollar of sales [6] Group 3: Investment Opportunities - GTN appears to have significant growth potential and is part of a broader list of stocks that meet the 'Fast-Paced Momentum at a Bargain' criteria [7] - There are over 45 Zacks Premium Screens available for investors to identify winning stock picks based on their investing style [8]

Gray Media (GTN) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this broadcast television company have returned +29.8%, compared to the Zacks S&P 500 composite's -7.5% change. During this period, the Zacks Broadcast Radio and Television industry, which Gray Media falls in, has lost 7.1%. The key question now is: What could be the stock's future di ...

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 ...

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 ...

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 ...

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]

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].