ATLANTA, April 02, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray") (NYSE:GTN) announced today that CBS has retained Gray's in-house news research and consulting group, Strategic Insights & Activation Team ("Strat Team"), as a provider of market research and news consulting services to all 14 CBS owned and operated television stations.   The first-of-its-kind partnership began on April 1, 2024. Gray created the Strat Team in January 2023 to provide an in-house, customized, and action-oriented news co ...

YayaErnst/iStock via Getty Images About a year ago, I wrote a positive article on Gray Television, Inc. (NYSE:GTN), as I believed the company had significant upside, provided investors could look past the company's heavy debt load. In hindsight, my timing was poor, as GTN's 'cheap' stock price got cheaper, and GTN's shares have declined by another 23% since March 2023 (Figure 1). Figure 1 - GTN has declined by 23% since March 2023 (Seeking Alpha) However, I believe the thesis I laid out in my article ...

NEW YORK, April 02, 2024 (GLOBE NEWSWIRE) -- Gray Television Inc. "Gray" (NYSE:GTN) is pleased to announce that Gray's Emmy Award-winning Tupelo Media Group and Las Vegas station KVVU have teamed with SportsGrid FAST Channel to produce five major sporting event specials.  The specials will be part of the "BEAT THE ODDS" nationally syndicated sports betting and entertainment television series produced by Tupelo Media Group and KVVU.  The specials begin this weekend for college basketball and will also air on ...

(Exact name of Registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2023 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from __________ to __________. Commission File Number 1-13796 GRAY TELEVISION, INC. Georgia (State or other jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) Commission file number 1-13796 Gray Television, Inc. (Exact name of registrant as specified in its charter) Georgia 58-0285030 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 4370 Peachtree Road, NE, Atlanta, Georgia 30319 (Address of principal executive offices) (Zip code) (404) 504-9828 (Registrant's telephone number, including area code) Not Applicable (Forme ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2023 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _________ to _________ . Commission file number: 1-13796 Gray Television, Inc. (Exact name of registrant as specified in its charter) Georgia 58-0285030 (State ...

Gray Television, Inc. (NYSE:GTN) Q1 2023 Earnings Conference Call May 5, 2023 11:00 AM ET Company Participants Hilton Howell - Executive Chairman & CEO Kevin Latek - EVP, Chief Legal & Development Officer and Secretary Donald LaPlatney - President, Co-CEO & Director James Ryan - EVP & CFO Conference Call Participants Daniel Kurnos - The Benchmark Company Aaron Watts - Deutsche Bank James Goss - Barrington Research Associates Alan Gould - Loop Capital Markets Craig Huber - Huber Research Partners John Kornre ...

Revenue Performance - Total revenue for the three months ended March 31, 2023, decreased by $26 million, or 3%, to $801 million compared to $827 million in the same period of 2022[96]. - Core advertising revenue decreased by $8 million to $357 million, while retransmission consent revenue increased by $2 million to $395 million[95][96]. - Political advertising revenue dropped significantly by $18 million, primarily due to 2023 being an "off-year" in the election cycle[96]. Expenses - Broadcasting expenses increased by $25 million, or 5%, to $555 million, driven by a $12 million rise in payroll expenses and a $13 million increase in non-payroll expenses[96]. - Interest expense increased by $25 million to $104 million in the 2023 period, mainly due to rising interest rates on the floating rate credit facility[104]. Cash Flow - Net cash provided by operating activities surged to $412 million in the 2023 period, up from $141 million in 2022, largely due to $339 million from the sale of accounts receivable[108]. - Net cash used in investing activities rose to $95 million in 2023, compared to $53 million in 2022, attributed to increased property and equipment purchases[109]. - Net cash used in financing activities increased significantly to $322 million in 2023 from $30 million in 2022, primarily due to debt repayments[110]. Debt and Financing - As of March 31, 2023, long-term debt was $6.162 billion, down from $6.455 billion at the end of 2022[108][113]. - The company entered into a three-year $300 million revolving accounts receivable securitization facility to provide additional liquidity[119]. Taxation - The effective income tax rate for the three months ended March 31, 2023, was 26%, compared to 25% in the same period of 2022[106]. - The company anticipates making income tax payments between $35 million and $45 million for the remainder of 2023[116]. - As of March 31, 2023, the company has approximately $344 million in state operating loss carryforwards, with an expectation that one-third will be utilized[116]. - The company carried back certain net operating losses during 2020, resulting in an outstanding refund of $21 million[117]. Capital Expenditures - Routine capital expenditures are expected to be approximately $86 million to $96 million for the remainder of 2023, excluding Assembly Atlanta expenditures[114]. - Assembly Atlanta construction expenditures are projected to be in the range of $95 million to $100 million, offset by expected proceeds from property sales and CID incentive payments of the same range[114]. Market and Accounting - The market risk profile as of March 31, 2023, has not materially changed since December 31, 2022[122]. - Critical accounting policies related to intangible assets and income taxes are highlighted as requiring significant judgments and estimations[120]. Transactions - A transaction was completed on May 1, 2023, involving the sale of television station KNIN for $6 million and the purchase of WPGA for $6 million, expanding the television station portfolio to 102 markets[115]. - No contributions were made to the defined benefit pension plan during the 2023 three-month period, but a contribution of $4 million is expected for the remainder of 2023[118].

Gray Television, Inc. (NYSE:GTN) Q4 2022 Earnings Conference Call February 24, 2023 11:00 AM ET Company Participants Hilton Howell - Chairman & CEO Pat LaPlatney - President & Co-CEO Kevin Latek - Chief Legal & Development Officer Jim Ryan - CFO Bob Smith - COO Conference Call Participants Dan Kurnos - Benchmark Company James Goss - Barrington Research Alan Gould - Loop Capital Craig Huber - Huber Research Partners Nick Zangler - Stephens Michael Kupinski - Noble Capital Markets Steven Cahall - Wells Fargo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from __________ to __________. Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange ...