Company Performance - Gray Media's stock increased by 1.72% to $4.74, outperforming the S&P 500's gain of 1.56% [1] - The stock has decreased by 20.48% over the past month, underperforming the Consumer Discretionary sector's loss of 5.13% and the S&P 500's gain of 0.41% [1] Upcoming Financial Results - Gray Media is set to announce its earnings on November 7, 2025, with an expected EPS of -$0.41, a decline of 147.67% from the previous year [2] - The consensus estimate projects revenue of $747 million, reflecting a 21.37% decrease from the same quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, Zacks Consensus Estimates predict an EPS of -$1.4 and revenue of $3.11 billion, indicating changes of -141.67% and -14.63% respectively from the prior year [3] - Recent changes to analyst estimates for Gray Media are important for investors as they reflect the evolving business trends [3] Analyst Ratings and Market Trends - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with 1 rated stocks averaging an annual return of +25% since 1988 [5] - Gray Media currently holds a Zacks Rank of 3 (Hold), with no changes in the consensus EPS projection over the past 30 days [5] Industry Overview - The Broadcast Radio and Television industry, part of the Consumer Discretionary sector, has a Zacks Industry Rank of 49, placing it in the top 20% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]

Core Points - Gray Media has been awarded the 2025 Catalyst Award for its significant contributions to the Ad Council's Project Roadblock initiative, which focuses on preventing buzzed driving during the holiday season [1][2] - In 2024, Gray Media was the top contributor to Project Roadblock, accounting for 17% of all PSA airings nationwide [2] - The 2024 Project Roadblock campaign achieved over 65.9 thousand detections of donated local broadcast TV airtime, generating an estimated media value of $6.5 million, reflecting a year-over-year increase of 9% in detections and 68% in value [3] Company Contributions - Gray Media's support for Project Roadblock demonstrates its commitment to social responsibility and public safety, as highlighted by the Ad Council and TVB executives [5] - The company has been actively involved in the initiative since its inception in 2004, which aims to raise awareness about the dangers of buzzed driving [5][10] - Gray Media operates the largest portfolio of top-rated local television stations in the U.S., reaching approximately 37% of U.S. television households [10] Industry Impact - The Project Roadblock initiative, a collaboration between the Ad Council, TVB, and NHTSA, emphasizes the effectiveness of local TV in disseminating life-saving messages [3][5] - The campaign reached 208 of 210 Designated Market Areas (DMAs) nationwide, covering 99.96% of all U.S. households, showcasing the extensive reach of local broadcast television [3] - The annual Catalyst Award recognizes the impact of media donations in promoting social causes, highlighting the role of communications companies in driving change [2][4]

Core Viewpoint - Gray Media, Inc. is set to release its earnings results for the quarter ended September 30, 2025, on November 7, 2025, and will host a conference call to discuss these results [1]. Group 1: Earnings Announcement - Gray Media, Inc. will announce its earnings results for Q3 2025 on November 7, 2025 [1]. - A conference call and webcast will be held on the same day at 11:00 a.m. Eastern Time to discuss the operating results [1]. - The live dial-in number for the conference call is 1-800-715-9871, with a conference ID of 3663076 [1]. Group 2: Company Overview - Gray Media, Inc. is the largest owner of top-rated local television stations and digital assets in the U.S., serving 113 television markets [2]. - The company reaches approximately 37 percent of U.S. television households, with 78 markets having the top-rated television station [2]. - Gray Media also owns the largest Telemundo Affiliate group with 44 markets and operates Gray Digital Media, a full-service digital agency [2].

Core Insights - Gray Media announced the appointment of Alexander Quince as General Manager of WBNG-TV in Binghamton, New York, effective October 13, 2025, succeeding Bob Krummenacker who retired after 44 years [1] Company Overview - 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 [6] - The company operates 78 markets with the top-rated television station and 99 markets with the first and/or second highest-rated television station during 2024, along with the largest Telemundo Affiliate group comprising 44 markets [6] - Gray Media also owns Gray Digital Media, which provides digital marketing strategies, and has additional media properties including video production companies and studio production facilities [6] Leadership Background - Alexander Quince is an award-winning news executive with over a decade of experience in local and regional journalism, previously serving as Senior Director at Spectrum News [3] - He has a history of driving audience growth and innovation, including launching New York's first Augmented Reality News Studio [3] - Quince has held leadership roles at several prominent television stations and has received multiple Emmy and Edward R. Murrow Awards for his work [4] Strategic Vision - Quince expressed his commitment to building on WBNG-TV's legacy by delivering impactful news and driving innovative strategies to enhance broadcast and digital presence, improve advertiser performance, and maximize brand partnerships [4] - His vision includes connecting communities and partners throughout the Southern Tier region [4] Educational Background - Quince holds a Bachelor of Science in Communication from Florida State University and is involved in various professional organizations, including the Carole Kneeland Project for Responsible Journalism and the Poynter Institute [5]

Core Viewpoint - Analyst recommendations play a significant role in influencing stock prices, but their reliability is questionable, particularly for Gray Media (GTN) [1][5][10]. Brokerage Recommendations - Gray Media has an average brokerage recommendation (ABR) of 1.67, indicating a consensus between Strong Buy and Buy, with 66.7% of the six recommendations being Strong Buy [2][5]. - Despite the positive ABR, relying solely on this information for investment decisions may not be wise, as studies show limited success of brokerage recommendations in predicting stock price increases [5][10]. Analyst Bias - Brokerage analysts often exhibit a strong positive bias due to vested interests, leading to a disproportionate number of favorable ratings compared to negative ones [6][10]. - This misalignment of interests between brokerage firms and retail investors can obscure the true direction of a stock's future price movement [7][10]. Zacks Rank Comparison - Zacks Rank, a proprietary stock rating tool, categorizes stocks from Strong Buy to Strong Sell and is based on earnings estimate revisions, making it a more reliable indicator of near-term stock performance compared to ABR [8][11]. - The Zacks Rank is updated more frequently than ABR, reflecting timely changes in earnings estimates, which are crucial for predicting future price movements [12]. Current Earnings Estimates - The Zacks Consensus Estimate for Gray Media remains unchanged at -$1.4 for the current year, suggesting analysts have steady views on the company's earnings prospects [13]. - The unchanged consensus estimate has resulted in a Zacks Rank of 3 (Hold) for Gray Media, indicating caution despite the Buy-equivalent ABR [14].

Core Points - Gray Media is launching a new weekly program called The Good Side, premiering on September 13, 2025, aimed at showcasing positive stories [1][2] - The show will be hosted by Edward R. Murrow and Emmy award-winning journalist Debra Alfarone, who initially created it as a bi-monthly feature due to positive audience feedback [2][3] - The premiere episode will feature a heartwarming story about a boy's life-changing experience and an Oregon non-profit promoting kindness [3] Company Overview - Gray Media, Inc. is the largest owner of local television stations in the U.S., reaching approximately 37% of U.S. television households across 113 markets [5] - The company operates 78 markets with top-rated television stations and has the largest Telemundo Affiliate group with 44 markets [5] - Gray Media also includes Gray Digital Media, which provides advanced digital marketing strategies, and owns various media properties including video production companies and studio facilities [5]

Core Points - Gray Media's Local News Live is launching a new weekly program called The Good Side, premiering on September 13, 2025 [1] - The show will be hosted by Edward R. Murrow and Emmy award-winning journalist Debra Alfarone, expanding from a bi-monthly feature due to positive audience feedback [2] - The program aims to provide a platform for uplifting stories and community initiatives, aligning with the company's commitment to impactful journalism [3] Company Overview - Gray Media, Inc. is the largest owner of top-rated local television stations in the U.S., reaching approximately 37% of U.S. television households [5] - The company 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 [5] - Gray Media also owns Gray Digital Media, which offers advanced digital marketing strategies, and has various media properties including video production companies and studio facilities [5]

Core Viewpoint - Gray Media, Inc. (NYSE:GTN) is recognized as a resilient company with potential for investment, although current market conditions may not warrant immediate action due to its recent price run-up [1] Company Overview - Gray Media, Inc. operates television stations and digital platforms, alongside a digital marketing agency, video production companies, and studio facilities [1] - The company has shown strong performance in generating free cash flow and has successfully reduced over $500 million in debt over the past year [1] Financial Performance - In Q1 2025, Gray Media's shares increased by 37%, marking it as the largest positive contributor to Miller Value Partners' strategy [1] - Despite strong political advertising, Gray Media's performance fell below market expectations in the latter half of 2024 [1] - The company has low expectations for future retransmission revenues, which may provide an opportunity for growth as management works on improving long-term agreements [1] Debt Management - Gray Media has significant debt leverage but faces a smaller amount of debt maturities over the next two years [1] - Ongoing debt reduction is expected to benefit equity over time, with potential for strong free cash flow exceeding $2 billion over the next 5 to 6 years [1] Market Risks - Near-term risks include a potential advertising recession, particularly in the auto advertising sector, although local advertising has remained resilient [1]

Group 1 - InvestigateTV+ is set to premiere its third season on September 8, 2025, focusing on critical issues and providing solutions [1][2] - The first episode will investigate the ongoing health struggles of Vietnam veterans related to a toxic herbicide, aiming to help them secure benefits [2] - Gray Media's InvestigateTV+ emphasizes the importance of in-depth journalism that empowers audiences and addresses significant community issues [2] Group 2 - Gray Media, Inc. is the largest owner of top-rated local television stations in the U.S., reaching approximately 37% of television households [3] - The company operates in 113 television markets, with 78 markets hosting the top-rated station and 99 markets with the first or second highest-rated station in 2024 [3] - 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 [3]

Core Viewpoint - Victory+ and Gray Media are collaborating to simulcast 17 Dallas Stars NHL games, enhancing access for fans in 15 television markets across Texas, Arkansas, and Louisiana during the 2025-26 season [1][2][3] Group 1: Partnership Details - The partnership will provide free over-the-air broadcasts of 17 games, including a mix of regular-season and pre-season matchups [2][3] - The targeted markets include various cities in Texas, Arkansas, and Louisiana, ensuring broader access to hockey content for fans outside major metropolitan areas [2][3] Group 2: Company Background - A Parent Media Co. Inc. (APMC) is a media and technology company focused on innovative consumer and brand solutions, emphasizing Safe Streaming™ and monetization technologies [4] - Victory+ is a free sports streaming service that offers regional broadcasts of teams like the Dallas Stars, along with a library of on-demand sports content [4] Group 3: Gray Media Overview - Gray Media, headquartered in Atlanta, is the largest owner of local television stations in the U.S., reaching approximately 37% of U.S. television households [5][6] - The company operates in 113 television markets and includes a diverse portfolio of media properties, enhancing its digital marketing strategies [5][6]