“EdgeBeam Wireless” Will Use ATSC 3.0 to Provide Faster, More Secure, and Less Expensive Data DeliveryATLANTA, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Four of the nation’s largest independent local broadcasting groups have come together to form EdgeBeam Wireless, LLC, a joint venture created to provide robust wireless data services to a wide range of businesses and industries across the country. The E.W. Scripps Company, Gray Media, Inc., Nexstar Media Group, Inc., and Sinclair, Inc. launched the new company ahe ...

The NHL Club Will Expand Its Regional Reach for These Select Games with Broadcasts Extending to 12 Affiliate Stations Across Five StatesATLANTA, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Gray Media (NYSE: GTN) is thrilled to announce the return of free NHL hockey broadcasts to the St. Louis market and various affiliate stations across the Midwest. First Alert 4 (KMOV-TV) and its sister station, Matrix Midwest, are proud to partner with the St. Louis Blues to offer a series of games over-the-air during the stretch r ...

Company Announcement - Alison Davis has been promoted to General Manager of WTOK, effective January 6, 2025, while retaining her role as Director of Sales [1] - Alison Davis has over 30 years of experience in media sales, including roles at Comcast Spotlight and local CBS/FOX affiliated stations [2] - Alison Davis expressed her commitment to maintaining community relationships and continuing WTOK's 70-year legacy [3] Company Overview - Gray Media is a multimedia company headquartered in Atlanta, Georgia, and is the largest owner of top-rated local TV stations and digital assets in the US [4] - The company serves 113 TV markets, reaching approximately 36% of US TV households [4] - Gray Media owns 77 markets with the top-rated TV station and 100 markets with the first and/or second highest-rated TV station [4] - The company has the largest Telemundo Affiliate group, covering 43 markets with nearly 1.5 million Hispanic TV households [4] - Gray Media owns Gray Digital Media, a full-service digital agency, and additional media properties including video production companies and studio production facilities [4] Contact Information - Sandy Breland is the Executive Vice President and Chief Operating Officer of Gray Media, with contact number 404-266-8333 [5]

ATLANTA, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (NYSE:GTN) has named Jacque Harms as the next General Manager of KKTV, the CBS affiliate in Colorado Springs, Colorado. Jacque Harms has more than 35 years of experience in the media business, most recently as the General Manager at WTOK-TV in Meridian, Mississippi, for the past four and a half years. Under her leadership, WTOK -TV was the Mississippi Association of Broadcasters Small Market Station of the Year in 2024 and a National Association o ...

Company Overview - Gray Media, Inc., formerly known as Gray Television, Inc., is headquartered in Atlanta, Georgia, and is the largest owner of top-rated local television stations and digital assets in the United States [3] - The company serves 113 television markets, reaching approximately 36 percent of U.S. television households, with a portfolio that includes 77 markets with the top-rated television station and 100 markets with the first and/or second highest-rated television station [3] - Gray Media also owns the largest Telemundo Affiliate group, covering 43 markets and nearly 1.5 million Hispanic TV households [3] - The company operates Gray Digital Media, a full-service digital agency, and has additional media properties including Raycom Sports, Tupelo Media Group, and PowerNation Studios [3] Name Change Announcement - The Board of Directors has unanimously voted to change the company's name to Gray Media, Inc., effective January 1, 2025, aligning the formal name with common usage [7] - The name change will not affect the company's trading symbols, CUSIPs, or the rights of its security holders, with common stock expected to begin trading under the new name on January 10, 2025 [4][7] Strategic Growth and Transformation - Executive Chairman Hilton H. Howell highlighted that Gray has expanded into new geographic and business markets over the past decade, diversifying its reach beyond local media [1] - The company is investing in new business models and technologies, marking a significant transformation in its 127-year history [1]

Atlanta, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (NYSE:GTN) announced today that it has entered into agreements with The Walt Disney Company that extend and renew the network affiliations for all of Gray's ABC affiliated television stations across 25 markets through December 31, 2028. "We are pleased to announce the further extension of our decades-long relationship with Disney for ABC station affiliations," said Gray's President and Co-CEO, Pat LaPlatney. "These agreements recognize our ABC ...

ATLANTA, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “Gray Media,” “we,” “us” or “our”) (NYSE: GTN) today announced a strong third quarter ended September 30, 2024. Gray also projected full-year 2024 political advertising revenue of $500 million, as well as full-year 2024 Net Debt reduction of $500 million. SUMMARY OF THIRD QUARTER RESULTS OPERATING HIGHLIGHTS: Total revenue in the third quarter of 2024 was $950 million, an increase of 18% from the third quarter of 2023.Core advertising ...

Company Overview - Gray Media, formally known as Gray Television, Inc., is a multimedia company headquartered in Atlanta, Georgia [3] - It is the largest owner of top-rated local television stations and digital assets in the U.S., serving 113 television markets that reach approximately 36% of U.S. television households [3] - The portfolio includes 77 markets with the top-rated television station and 100 markets with the first and/or second highest-rated television station [3] - Gray Media has the largest Telemundo Affiliate group with 43 markets, totaling nearly 1.5 million Hispanic TV households [3] - The company also owns Gray Digital Media, a full-service digital agency providing advanced digital marketing strategies [3] - Additional media properties include video production companies Raycom Sports, Tupelo Media Group, and PowerNation Studios, along with studio production facilities Assembly Atlanta and Third Rail Studios [3] - Gray Media holds a majority interest in Swirl Films [3] Earnings Announcement - Gray Media will release its earnings results for the quarter ended September 30, 2024, on November 8, 2024 [1] - A conference call to discuss the operating results will take place on the same day at 11:00 a.m. Eastern Time [2] - The live dial-in number for the conference call is 1-800-285-6670, and it will also be available for replay on the company's website [2]

Core Viewpoint - Gray Television (GTN) has shown strong stock performance recently, returning +14.4% over the past month, outperforming the S&P 500 composite's +5.4% and the Zacks Broadcast Radio and Television industry's +4.7% [2] Earnings Estimate Revisions - For the current quarter, Gray Television is expected to post earnings of $0.94 per share, reflecting a significant increase of +264.9% from the same quarter last year, with the consensus estimate remaining unchanged over the last 30 days [5] - The consensus earnings estimate for the current fiscal year is $4.37, indicating a change of +414.4% from the prior year, also remaining unchanged over the last 30 days [5] - For the next fiscal year, the consensus earnings estimate is -$0.64, showing a decline of -114.5% from the expected report a year ago, with no changes in the estimate over the past month [6] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $966 million, representing a year-over-year increase of +20.3% [9] - For the current fiscal year, the sales estimate is $3.87 billion, indicating a growth of +17.9%, while the next fiscal year's estimate is $3.3 billion, reflecting a decline of -14.7% [9] Last Reported Results and Surprise History - In the last reported quarter, Gray Television generated revenues of $826 million, a year-over-year increase of +1.6%, with an EPS of $0.09 compared to -$0.10 a year ago [10] - The reported revenues were slightly below the Zacks Consensus Estimate of $834 million, resulting in a revenue surprise of -0.96%, while the EPS surprise was -10% [11] - Over the last four quarters, the company surpassed EPS estimates only once but exceeded consensus revenue estimates three times [11] Valuation - Gray Television is graded A in the Zacks Value Style Score, indicating that it is trading at a discount compared to its peers [15]

ATLANTA, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Gray Media (NYSE: GTN) today announced that its local television stations have raised more than $290,000 for Hurricane Helene response efforts, and Gray itself will donate an additional $50,000 to the relief fund. The money raised will provide immediate aid as well as long-term assistance for residents impacted by the deadly storm system that took the lives of more than 200 people and left a path of destruction across six states. "We are truly grateful to our viewe ...