Exclusive: Nexstar Media Group, the largest local television broadcaster in the U.S., is in advanced talks to acquire rival Tegna https://t.co/87OEFVGc5x ...

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: 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]

Core Insights - Gray Media and the NFL's Carolina Panthers have formed a partnership to broadcast all three Panthers preseason games live in Spanish, targeting Spanish-speaking fans in the Carolinas [1][4] - The broadcasts will be available on six Telemundo affiliate stations in South Carolina and Eastern North Carolina, enhancing accessibility for Latino fans [1][4] - The partnership aims to create inclusive experiences that resonate with Spanish-speaking communities, reflecting a commitment to cultural and linguistic representation [4] 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, with a significant presence in the Telemundo affiliate market [5] - Tepper Sports & Entertainment operates the Carolina Panthers and is focused on making the greater Charlotte area a premier destination for sports and entertainment [7] Broadcast Details - The Spanish-language broadcasts will feature experienced sportscasters Carlos Ramirez and Ariana Figueroa, enhancing the viewing experience for fans [3] - The preseason schedule includes games against the Cleveland Browns, Houston Texans, and Pittsburgh Steelers, with specific dates and times outlined [6]

Group 1 - Gray Media has appointed Stephanie Plant as the new General Manager of WTAP, the NBC affiliate in Parkersburg, West Virginia, effective July 2, 2025, succeeding Ken Long who is retiring after 44 years in the media industry [1] - Stephanie Plant is a native of Parkersburg with nearly 20 years of sales experience, having joined WTAP as an Account Manager in 2016 and serving as Local Sales Manager for the past 8 years [3] - Gray Media, Inc. is the largest owner of top-rated local television stations and digital assets in the U.S., reaching approximately 37 percent of U.S. television households across 113 markets [5] Group 2 - The company's portfolio includes 78 markets with the top-rated television station and 99 markets with the first and/or second highest rated television station during 2024, as well as the largest Telemundo Affiliate group with 44 markets [5] - Gray Media also owns Gray Digital Media, which provides digital marketing strategies and services, along with video production companies and studio production facilities [5] - Stephanie Plant is actively involved in community service, serving on the Board of Directors for Camden Clark Memorial Hospital Foundation and as Race Director for Thriving Beyond Breast Cancer [4]

Core Insights - Kaltura has partnered with APTN to launch APTN lumi, a streaming service aimed at delivering Indigenous-language content to communities in Canada and globally [1][2][3] Company Overview - Kaltura is an AI Video Cloud company that provides an end-to-end OTT video platform, which includes a robust content management system, multi-platform distribution, monetization capabilities, and AI-driven personalization [4][6] - APTN, established in 1999, is the first national Indigenous broadcaster in the world, focusing on programming that celebrates Indigenous cultures and stories [7] Service Features - APTN lumi offers the largest curated collection of Indigenous stories and Indigenous-language content, accessible via web and mobile platforms [3][4] - The platform supports VOD in multiple Indigenous languages and includes infrastructure for subscription purchases [4] Strategic Goals - APTN aims to expand its digital footprint and promote understanding and dialogue around Indigenous perspectives through the launch of APTN lumi [2][5] - The partnership with Kaltura is seen as a way to enhance the reach of Indigenous voices and stories to a broader audience [5]

Core Points - Gray Media received a total of 81 regional Edward R. Murrow awards for excellence in journalism, awarded to 38 of its local stations, with WMTV in Madison, Wisconsin receiving 9 awards and WVUE in New Orleans, Louisiana receiving 8 awards [1][2] - The Edward R. Murrow Awards have been recognizing outstanding broadcast and digital journalism since 1971, with Gray's regional winners advancing to the national competition, with results to be announced in August [2] Company Overview - Gray Media, Inc. is headquartered in Atlanta, Georgia, and is the largest owner of top-rated local television stations and digital assets in the U.S., serving 113 television markets that reach approximately 37% of U.S. television households [3] - 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 [3] Awards Breakdown - Four awards for Overall Excellence were given to KTUU in Anchorage, Alaska; WVLT in Knoxville, Tennessee; WPTA in Fort Wayne, Indiana; and WMTV in Madison [4] - Nine awards for News Series were awarded to Hawaii News Now in Honolulu, WMTV in Madison, and several other stations [4] - Seven awards for Best Newscast were given to stations including KKTV in Colorado Springs and WMTV in Madison [4] - Six awards each for Investigative Reporting, Excellence in Innovation, Continuing Coverage, Hard News, and News Documentary were distributed among various stations, including multiple awards to WMTV and WVUE [4] - Five awards for Digital and Podcast categories were also awarded to several stations, including WMTV and Hawaii News Now [4]