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Gray Television Inc (GTN)

GTN on New York Consolidated

17.76USD
19 Jul 2019
Change (% chg)

$0.31 (+1.78%)
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$17.45
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Volume
490,943
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995,034
52-wk High
$25.31
52-wk Low
$13.75

Latest Key Developments (Source: Significant Developments)

Ryman Hospitality Properties And Gray Television Announce Joint Venture To Create Premium Content Service For Country Lifestyle Consumers
Wednesday, 24 Apr 2019 08:30am EDT 

April 24 (Reuters) - Gray Television Inc ::RYMAN HOSPITALITY PROPERTIES AND GRAY TELEVISION ANNOUNCE JOINT VENTURE TO CREATE PREMIUM CONTENT SERVICE FOR COUNTRY LIFESTYLE CONSUMERS.RYMAN HOSPITALITY PROPERTIES - COS ANTICIPATE LAUNCHING LINEAR MULTICAST CHANNEL IN EARLY 2020 ACROSS TELEVISION STATIONS LOCATED THROUGHOUT COUNTRY.RYMAN HOSPITALITY PROPERTIES INC - EXPECT TO LAUNCH A COMPANION, PREMIUM OTT SERVICE IN MID-2020.RYMAN HOSPITALITY PROPERTIES - JV WILL BE OWNED 50-50.RYMAN HOSPITALITY PROPERTIES INC - DREW REIFENBERGER WILL LEAD STAFFING, DEVELOPMENT AND LAUNCH OF CHANNEL AS GENERAL MANAGER OF JOINT VENTURE.  Full Article

Gray Television Says CEO's Total 2018 Compensation Was $5.7 Mln vs $4.6 Mln In 2017
Wednesday, 27 Mar 2019 08:55am EDT 

March 27 (Reuters) - Gray Television Inc ::GRAY TELEVISION INC - CHAIRMAN, PRESIDENT & CEO HILTON HOWELL, JR'S TOTAL 2018 COMPENSATION WAS $5.7 MILLION VERSUS $4.6 MILLION IN 2017.GRAY TELEVISION INC - RATIO OF ANNUAL TOTAL COMPENSATION OF CEO HOWELL TO MEDIAN OF ANNUAL TOTAL COMPENSATION OF ALL EMPLOYEES WAS 168 TO 1.  Full Article

Gray Television Q3 Earnings Per Share $0.70
Tuesday, 6 Nov 2018 06:45am EST 

Nov 6 (Reuters) - Gray Television Inc ::GRAY REPORTS RECORD OPERATING RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2018.Q3 REVENUE $279.3 MILLION VERSUS I/B/E/S VIEW $275.8 MILLION.Q3 EARNINGS PER SHARE $0.70.Q3 EARNINGS PER SHARE VIEW $0.62 -- THOMSON REUTERS I/B/E/S.ANTICIPATE RAYCOM TRANSACTION WILL BE COMPLETED LATER IN Q4 OF 2018..EXPECT TO ENTER INTO AN AMENDMENT AND RESTATEMENT OF OUR SENIOR CREDIT FACILITY, PURSUANT TO WHICH WE WOULD BORROW $1.4 BILLION.EXPECT TO USE NET PROCEEDS OF TERM LOAN, NOTES AND OTHER SOURCES, TO FINANCE ACQUISITION.Q4 OF 2018 POLITICAL ADVERTISING REVENUE WILL BE WITHIN A RANGE OF APPROXIMATELY $81.0 MILLION TO $82.0 MILLION.SEES Q4 LOCAL ADVERTISING REVENUE (INCLUDING INTERNET/DIGITAL/MOBILE) OF ABOUT $115.0 MILLION TO $116.0 MILLION.FOR Q4 OF 2018, ANTICIPATE THAT BROADCAST OPERATING EXPENSES WILL INCREASE.SEES Q4 NATIONAL ADVERTISING REVENUE OF ABOUT $28.0 MILLION TO $29.0 MILLION.SEES DECLINES IN LOCAL AND NATIONAL ADVERTISING REVENUE IN Q4 DUE TO INVENTORY DISPLACEMENT.GRAY TELEVISION - EXPECT TO ASSUME $750.0 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF 7% SENIOR UNSECURED NOTES DUE 2027, UPON CONSUMMATION OF RAYCOM MERGER.SEES FY GROSS RETRANSMISSION REVENUE OF ABOUT $354.0 MILLION TO $356.0 MILLION.SEES FY RETRANSMISSION REVENUE NET OF RETRANSMISSION EXPENSE OF ABOUT $188.0 MILLION TO $190.0 MILLION.SEES Q4 RETRANSMISSION CONSENT REVENUE OF ABOUT $92.0 MILLION TO $94.0 MILLION.  Full Article

Gray Television Reports Q4 Earnings Of $2.13 Per Share
Tuesday, 27 Feb 2018 06:55am EST 

Feb 27 (Reuters) - Gray Television Inc ::GRAY REPORTS RECORD OPERATING RESULTS.Q4 EARNINGS PER SHARE $2.13.Q4 REVENUE FELL 15 PERCENT TO $233.6 MILLION.RECORDED A TAX BENEFIT OF $134.4 MILLION IN THE FOURTH QUARTER OF 2017.Q4 REVENUE VIEW $233.2 MILLION -- THOMSON REUTERS I/B/E/S.SEES Q1 REVENUE (LESS AGENCY COMMISSIONS) $223 MILLION TO $228 MILLION.Q1 REVENUE VIEW $233.8 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Gray Television prices public offering of common stock
Wednesday, 29 Nov 2017 07:15pm EST 

Nov 29 (Reuters) - Gray Television Inc ::GRAY TELEVISION PRICES PUBLIC OFFERING OF COMMON STOCK.‍PRICED PREVIOUSLY ANNOUNCED UNDERWRITTEN PUBLIC OFFERING OF 15 MILLION SHARES OF ITS COMMON STOCK, AT $14.50 PER SHARE​.  Full Article

Gray Television Announces Proposed Offering Of Its Common Stock
Monday, 27 Nov 2017 04:01pm EST 

Nov 27 (Reuters) - Gray Television Inc ::GRAY TELEVISION ANNOUNCES PROPOSED OFFERING OF ITS COMMON STOCK.GRAY TELEVISION INC - ‍COMMENCED AN UNDERWRITTEN PUBLIC OFFERING, SUBJECT TO MARKET AND OTHER CONDITIONS, OF 15 MILLION SHARES OF ITS COMMON STOCK​.GRAY TELEVISION - ‍ EXPECT TO PLACE PROCEEDS TO PURCHASE ADDITIONAL SHARES, IN CORPORATE TREASURY FOR GENERAL CORPORATE PURPOSES​.  Full Article

‍Darsana Capital Partners reports a 6.29 pct passive stake in Gray Television ​
Monday, 13 Nov 2017 05:25pm EST 

Nov 13 (Reuters) - Gray Television Inc :‍Darsana Capital Partners reports a 6.29 pct passive stake in as of Nov 1 - SEC filing ​.  Full Article

Gray reports Q3 earnings per share $0.21
Monday, 6 Nov 2017 06:59am EST 

Nov 6 (Reuters) - Gray Television Inc :Gray reports record operating results.Q3 revenue $219 million versus I/B/E/S view $216.5 million.Q3 earnings per share $0.21.Q3 earnings per share view $0.22 -- Thomson Reuters I/B/E/S.Gray Television Inc- ‍Q4 2017 combined local and national advertising revenue will increase in low single digit percentage range, compared to Q4 2016​.Gray Television Inc sees ‍Q4 2017 total revenue to decrease in a mid-double digit percentage range​.  Full Article

Gray Television Q2 earnings per share $0.97
Tuesday, 8 Aug 2017 06:59am EDT 

Aug 8 (Reuters) - Gray Television Inc :estimates for q3 include about $59.5 million of revenue to be contributed by 2017 acquired stations & 2016 acquired stations .Gray reports record operating results.Q2 earnings per share $0.97.Q2 earnings per share view $0.25 -- Thomson Reuters I/B/E/S.Q2 revenue $229.3 million versus I/B/E/S view $221.1 million.on combined historical basis, believe Q3 of 2017 total revenue will change by approximately -6% to -7%.  Full Article

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Gray Television well placed for U.S. election ad deluge: Barron's

NEW YORK Broadcasting company Gray Television Inc is well placed to profit from an anticipated deluge of political advertising ahead of U.S. elections in 2020, according to Barron's.