Wall Street expects a year-over-year decline in earnings on lower revenues when Gray Media (GTN) reports results for the quarter ended June 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on August 8, might help the stock move higher if these key numbers are better than expectations. On ...

ATLANTA, Aug. 01, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray”) has reached an agreement with Block Communications, Inc. (“BCI”) to acquire its television stations for $80 million. We expect the transaction to strengthen our presence in the Midwest by creating a new Big Four duopoly in one market and by adding top-ranked local news stations in two more midwestern markets that can support and benefit from our strong local stations in adjacent markets. The transaction includes WDRB and WBKI, the FOX and ...

Group 1 - Gray Media, Inc. has agreed to acquire television stations from Block Communications, Inc. for $80 million, aiming to enhance its presence in the Midwest and create a Big Four duopoly in one market [1][3] - The acquisition includes WDRB and WBKI in Louisville, Kentucky, WAND in Springfield-Champaign-Decatur, Illinois, and WLIO in Lima, Ohio, all of which are top-rated local news stations in their respective markets [3][4] - Gray anticipates closing the transaction in the fourth quarter of 2025, pending regulatory approval and customary closing conditions [4] Group 2 - Gray Media 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 [6] - The company operates in 78 markets with the top-rated television station and 99 markets with the first or second highest-rated station as of 2024 [6]

Company Overview - Gray Media (GTN) experienced a decline of 4.65% in its stock price, closing at $4.51, which underperformed compared to the S&P 500's daily loss of 0.37% [1] - Over the past month, shares of Gray Media have decreased by 2.87%, lagging behind the Consumer Discretionary sector's loss of 2.48% and the S&P 500's gain of 2.68% [1] Financial Performance Expectations - Gray Media is set to announce its earnings on August 8, 2025, with an anticipated EPS of -$0.34, indicating a significant decline of 477.78% compared to the same quarter of the previous year [2] - The full-year Zacks Consensus Estimates predict earnings of -$0.72 per share and revenue of $3.15 billion, reflecting year-over-year changes of -121.43% and -13.67%, respectively [3] Analyst Estimates and Market Sentiment - Recent adjustments to analyst estimates for Gray Media are crucial as they indicate changing business trends, with positive revisions suggesting optimism about the company's outlook [3] - The Zacks Rank system, which evaluates estimate changes, currently ranks Gray Media at 3 (Hold), indicating a neutral sentiment [5] Industry Context - The Broadcast Radio and Television industry, which includes Gray Media, is part of the Consumer Discretionary sector and holds a Zacks Industry Rank of 163, placing it in the bottom 35% of over 250 industries [6] - Research indicates that industries in the top 50% of the Zacks Industry Rank outperform those in the bottom half by a factor of 2 to 1 [6]

ATLANTA, July 31, 2025 (GLOBE NEWSWIRE) -- Gray Media has reached an agreement to acquire SagamoreHill Broadcasting’s WLTZ, the NBC affiliate for the Columbus, Georgia, market (DMA 127), and KJTV, the FOX affiliate for the Lubbock, Texas, market (DMA 140). For the past several years, Gray has provided back-office services to both stations through its Columbus ABC affiliate WTVM and its Lubbock NBC affiliate KCBD, respectively. Gray anticipates closing these transactions in the fourth quarter of this year fo ...

Company Overview - Gray Media has appointed Eric Walters as the General Manager of KNOE and KAQY-LD, effective September 1, 2025 [1] - Gray Media, Inc. is the largest owner of top-rated local television stations and digital assets in the U.S., reaching approximately 37% of U.S. television households [6] Eric Walters' Background - Eric Walters is currently the General Manager of KMVT (CBS) and KSVT-LD (FOX) in Twin Falls, Idaho, where he successfully increased ratings and digital content [3] - Previously, he served as the News Director of WDBJ (CBS) and WZBJ-LD (MyNetwork) in Roanoke, Virginia, achieving significant ratings growth and winning multiple awards [4] - Before joining Gray in 2020, he was the news director for CBS affiliate WBTW in Myrtle Beach, South Carolina, and was named News Director of the Year in 2019 [5] Gray Media's Market Position - Gray Media operates in 113 television markets, with 78 markets having the top-rated television station and 99 markets with the first or second highest-rated station in 2024 [6] - The company also has the largest Telemundo Affiliate group, covering 44 markets [6]

Group 1: Value Stocks Performance - Value stocks have underperformed growth peers in recent quarters, potentially making some companies in the value category more attractive due to deeper discounts relative to intrinsic value [1] - Current market volatility and economic uncertainty may present a favorable opportunity for long-term investors in value stocks [2] Group 2: Tsakos Energy Navigation (TEN) - Tsakos Energy Navigation Ltd. provides sea-based crude oil and petroleum transportation services, with a current stock price of $19.44 and a dividend yield of 6.17% [2][4] - The company reported mixed earnings for Q1, with EPS exceeding analyst predictions but revenue falling short by approximately $0.5 million; however, it has a significant backlog of $3.7 billion with an average contract duration of over 12 years [2][3] - Tsakos is on track to sell six older vessels by year-end, following the sale of 14 vessels, which will free up about $100 million for new builds and dividends [3] - The stock's P/E ratio of 4.5 is substantially lower than the transportation sector average of 13.1, indicating potential undervaluation despite a 12% increase in shares this year [4] Group 3: Gray Media (GTN) - Gray Media Inc. operates in television broadcasting and has recently engaged in a station swap with The E.W. Scripps Co., which is expected to enhance growth by creating a duopoly in certain markets [5] - The company refinanced $700 million in debt, extending maturities to 2032, alleviating near-term financial pressure [6] - GTN shares have surged by approximately 58% YTD, but with a P/E ratio of 2.3 compared to the sector average of 21.6, it may still be considered a value play [7] Group 4: NCR Voyix (VYX) - NCR Voyix Corp. specializes in digital commerce technology, reporting a 13% year-over-year revenue decline in Q1, yet still outperforming analyst expectations [9][10] - The company's annual recurring revenue (ARR) now constitutes two-thirds of total sales, indicating a positive shift towards a subscription model with the upcoming launch of its cloud-native Voyage Commerce Platform [10] - VYX shares have increased by about 9% YTD, supported by stock repurchase actions potentially totaling $200 million, while maintaining an attractive price-to-sales ratio of 0.71 [11]

Company Performance - Gray Media's stock was down 3.31% at $4.97, underperforming the S&P 500's daily gain of 0.4% [1] - Over the previous month, Gray Media's shares gained 12.97%, outperforming the Consumer Discretionary sector's gain of 2.16% and the S&P 500's gain of 4.61% [1] Earnings Forecast - Gray Media is scheduled to release its earnings on August 8, 2025, with an expected EPS of -$0.34, indicating a 477.78% decline compared to the same quarter last year [2] - For the entire year, Zacks Consensus Estimates forecast an EPS of -$0.72 and revenue of $3.15 billion, reflecting changes of -121.43% and -13.67% respectively compared to the previous year [3] Analyst Revisions and Rankings - Recent revisions to analyst forecasts for Gray Media are important as they reflect near-term business trends, with positive revisions indicating analyst optimism [3] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Gray Media at 3 (Hold) [5] - The Zacks Rank has a track record of superior performance, with 1 stocks contributing an average annual return of +25% since 1988 [5] Industry Context - The Broadcast Radio and Television industry, part of the Consumer Discretionary sector, holds a Zacks Industry Rank of 153, placing it in the bottom 39% of over 250 industries [6] - The Zacks Industry Rank measures the strength of industry groups by the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [6]

Core Points - Gray Media, Inc. has completed an offering of $775 million in 7.250% senior secured first lien notes due 2033, issued at par [1] - The net proceeds from the notes will be used to repay portions of existing term loans and revolving credit facility, as well as for general corporate purposes [2][6] - The notes are guaranteed by existing and future restricted subsidiaries of Gray, with interest payable semiannually starting February 15, 2026, and maturing on August 15, 2033 [3] Financial Details - $630 million of Term Loan D has been repaid, leaving a balance of $739 million - $80 million of Term Loan F has been repaid, leaving a balance of $10 million - All $50 million outstanding under the Revolving Credit Facility has been repaid, leaving $750 million of undrawn availability [6]

In the latest trading session, Gray Media (GTN) closed at $5.14, marking a -3.2% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.07%. On the other hand, the Dow registered a loss of 0.7%, and the technology-centric Nasdaq increased by 0.18%. Prior to today's trading, shares of the broadcast television company had gained 17.48% outpaced the Consumer Discretionary sector's gain of 4.6% and the S&P 500's gain of 5.71%.Market participants will be closely following the ...