Gray Television is a media company that focuses on the acquisition and operation of television stations across the United States. The company owns and operates numerous network-affiliated stations, producing and broadcasting a variety of local news, entertainment programming, and informational content. Gray Television emphasizes localism and community engagement, striving to provide relevant news and services tailored to the unique needs of the regions they serve. In addition to television operations, the company is also involved in digital and online media initiatives, further extending its reach and enhancing its presence in the evolving media landscape. Read More
ATLANTA, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Gray Media has promoted Bob Kroeger Chief Technology Officer for the company, effective immediately. Bob has served as Chief Information Officer for both Gray and Raycom Media. He succeeds David Burke, who retired on July 31 and will continue advising Gray through the end of the year.
Small-cap stocks in the Russell 2000 (^RUT) can be a goldmine for investors looking beyond the usual large-cap names.
But with less stability and fewer resources than their bigger counterparts, these companies face steeper challenges in scaling their businesses.
Consumer discretionary businesses are levered to the highs and lows of economic cycles. This sensitive demand profile can cause discretionary stocks to plummet when macro uncertainty enters the fray,
and over the past six months, the industry has shed 4.1%. This drop was disappointing since the S&P 500 climbed 5.4%.
A number of stocks jumped in the afternoon session after the latest Consumer Price Index (CPI) report showed inflation holding steady, bolstering investor optimism for a potential interest rate cut by the Federal Reserve. The data, which revealed that inflation remained at 2.7% for the year ending in July, was seen as a positive sign by investors. This stability increases the likelihood that the Federal Reserve might lower interest rates at its upcoming September meeting. Lower interest rates can stimulate the economy by making borrowing cheaper for both consumers and businesses, which often translates into higher consumer spending. This is particularly beneficial for the Consumer Discretionary sector, which includes companies selling non-essential goods and services like apparel, travel, and electronics.
Shares of local television broadcasting and media company Gray Television (NYSE:GTN)
jumped 19.4% in the morning session after multiple analysts raised their price targets on the stock, citing benefits from recent acquisitions and improvements to the company's balance sheet. The positive sentiment from Wall Street came from at least two firms. Benchmark raised its price target significantly to $9.00 from $7.00, maintaining a Buy rating. The firm's analyst noted that Gray's recent refinancing has 'completely revitalized' its balance sheet and that recent acquisitions were 'massively accretive and deleveraging.' Similarly, Wells Fargo increased its price target to $5.00 from $4.50, citing future benefits from deleveraging and free cash flow accretion tied to the company's mergers and acquisitions strategy. These upgrades followed Gray's announcement on August 8th that it would acquire television stations in ten markets from Allen Media Group.
Local television broadcasting and media company Gray Television (NYSE:GTN) met Wall Street’s revenue expectations in Q2 CY2025, but sales fell by 6.5% year on year to $772 million. On the other hand, next quarter’s revenue guidance of $742.5 million was less impressive, coming in 5.1% below analysts’ estimates. Its non-GAAP loss of $0.48 per share was 76.2% below analysts’ consensus estimates.
Gray Media Inc (GTN) Q2 2025 earnings miss estimates with $772M revenue and -$0.42 EPS, sparking a 5% pre-market drop amid ongoing profitability concerns.
Local television broadcasting and media company Gray Television (NYSE:GTN) met Wall Street’s revenue expectations in Q2 CY2025, but sales fell by 6.5% year on year to $772 million. On the other hand, next quarter’s revenue guidance of $742.5 million was less impressive, coming in 5.1% below analysts’ estimates. Its GAAP loss of $0.71 per share was significantly below analysts’ consensus estimates.
ATLANTA, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray”) (NYSE: GTN) announced today that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share of its common stock and Class A common stock. The dividend is payable on September 30, 2025, to shareholders of record at the close of business on September 15, 2025.
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.
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.
ATLANTA, July 31, 2025 (GLOBE NEWSWIRE) -- Gray Media has named Eric Walters as the next General Manager of KNOE and KAQY-LD, Gray’s CBS and ABC affiliates in Monroe, Louisiana, effective September 1, 2025.
A number of stocks fell in the afternoon session after the latest U.S. consumer confidence report revealed underlying weakness despite a headline increase, raising concerns about future spending.
