Press Releases

 
Oct 20, 2017
Category: Press Release
Gray Television, Inc. today announced that it changed the time it will host its earnings call to discuss results for the quarter ending September 30, 2017 to 11:00 a.m. (Eastern) on Monday, November 6, 2017; everything else regarding the call will remain the same as previously announced.
Oct 19, 2017
Category: Press Release
Gray Television, Inc. will host a conference call to discuss its operating results for the quarter ended September 30, 2017 on Monday, November 6, 2017. The call will begin at 10:00 a.m. Eastern Time. The live dial-in number is 1-888-259-8544 and the confirmation code is 2354575.
Oct 2, 2017
Category: Press Release
CBS Corporation and Gray Television, Inc. today announced that they have reached a multi-year deal that renews station affiliation agreements that otherwise would have expired at various times over the next couple of years. The agreements cover all 32 Nielsen designated markets in which Gray owns and operates its 39 CBS-affiliated television stations, ranging from Knoxville, Tenn., to North Platte, Neb., and collectively including approximately 5.9 million television households.
Sep 28, 2017
Category: Press Release
Gray Television was recognized today with the Ad Council’s 2017 Crystal Bell award at Forward 2017, the Television Bureau of Advertising’s (TVB) annual leadership conference in New York City.
Aug 8, 2017
Category: Press Release
Gray Television, Inc. today announces record-setting results of operations for the period ended June 30, 2017, including record revenue, record net income and record Broadcast Cash Flow.
Jul 17, 2017
Category: Press Release
Gray Television, Inc. today announced that it will release its earnings results for the quarter ending June 30, 2017 on Tuesday, August 8, 2017.
Jun 6, 2017
Category: Press Release
Gray Television, Inc. announced today its promotion of veteran broadcasters to lead its television stations in four markets. Like all other new Gray General Managers named in 2017, all four of these individuals were promoted from within Gray’s station ranks.
May 4, 2017
Category: Press Release
Gray Television, Inc. announced today that it has reached an agreement with Mt. Mansfield Television, Inc. (“Mt. Mansfield”) to acquire WCAX-TV, the CBS affiliated television station in the Burlington, Vermont-Plattsburgh, New York, market (DMA 97) for $29.0 million.
May 4, 2017
Category: Press Release
Gray Television, Inc. today announces record results of operations for the three-months ended March 31, 2017, including record revenue, net income and Broadcast Cash Flow.
Apr 13, 2017
Category: Press Release
Gray Television, Inc. today announced that it will release its earnings results for the quarter ending March 31, 2017 on Thursday, May 4, 2017.
Mar 27, 2017
Category: Press Release
Gray Television, Inc. announced today that it is proposing, subject to market and other conditions, to add on $85 million to its existing term loan under its current senior credit facility. The proposed addition to our existing term loan would be used to fund our previously announced acquisition of two television stations from Diversified Communications and other general corporate purposes. We anticipate the terms of the proposed term loan addition will be essentially the same as our existing term loan.
Mar 10, 2017
Category: Press Release
Gray Television, Inc. announced today its appointment of four veteran broadcasters as new General Managers for its top-ranked stations in five markets as well as its additional broadcast and digital businesses in those areas.
Mar 1, 2017
Category: Press Release
Gray Television, Inc. announces record results of operations for the full year and three-months ended December 31, 2016 (the “fourth quarter of 2016”), including record revenue, political revenue, net income and Broadcast Cash Flow.
Feb 16, 2017
Category: Press Release
Gray Television, Inc. will host a conference call to discuss its operating results for the quarter ended December 31, 2016 on Wednesday, March 1, 2017. The call will begin at 1:00 p.m. Eastern Time. The live dial-in number is 1-888-684-1259 and the confirmation code is 4067229.
Feb 16, 2017
Category: Press Release
Gray Television, Inc. announced today that it has reached an agreement with Diversified Communications (“Diversified”) to acquire Diversified’s two television stations for a total purchase price of $85 million. This acquisition will add two more highly-ranked and top performing stations to Gray’s growing portfolio: WABI (CBS/CW) in the Bangor, Maine market (DMA 156) and WCJB (ABC/CW) in the Gainesville, Florida market (DMA 161).
Feb 7, 2017
Category: Press Release
Gray Television, Inc. today completed its previously announced refinancing of its Revolving Credit Facility and Term Loan B through entry into the third amendment and restatement of our senior credit facility (the “Senior Credit Facility”). This refinancing, which did not increase our total outstanding indebtedness, is expected to reduce cash interest expense by approximately $3.8 million annually.
Feb 7, 2017
Category: Press Release
Gray Television, Inc. announced today that it anticipates receiving $ 90,824,000 in proceeds resulting from the Federal Communication Commission’s recently completed reverse auction for broadcast spectrum.
Feb 2, 2017
Category: Press Release
Gray Television, Inc. announced today its appointment of two veteran broadcasters as new General Managers.
Jan 27, 2017
Category: Press Release
Gray Television, Inc. announced today its appointment of three veteran broadcasters as the new managers of its Alaska television stations.
Jan 20, 2017
Category: Press Release
Gray Television, Inc. announced today that it is proposing, subject to market and other conditions, to refinance and extend the maturity date of its revolving credit facility and term loan under its existing senior credit facility (the “Senior Credit Facility”). Gray is also providing updates to certain of its previously announced guidance for the fourth quarter of 2016, based on preliminary information available to date.
Jan 17, 2017
Category: Press Release
Gray Television, Inc. announced this evening that it has reached an agreement in principle with Dish Network covering all of its owned and operated television stations across the country. As a result, no viewers will lose access to any of Gray’s television stations on Dish’s platform. Terms were not disclosed.
Jan 17, 2017
Category: Press Release
Gray Television, Inc. announced today that completed its previously announced acquisitions of television stations in the Green Bay, Quad Cities and Fairbanks television markets. These acquisitions were all funded from cash on hand and therefore did not result in any additional borrowings.
Jan 16, 2017
Category: Press Release
Gray Television, Inc. announced today that pay-TV provider Dish Network has decided to stop carrying all television stations owned and/or operated by Gray Television at 7:00 pm Eastern on Tuesday, January 17, 2017. Dish currently carries 99 separate program streams under its expiring carriage agreement with Gray.
Dec 13, 2016
Category: Press Release
Gray Television, Inc. announced today that it has reached an agreement with over-the-top video network Haystack TV to distribute its local news video content to its millennial-targeted audience.
Nov 16, 2016
Category: Press Release
Gray Television, Inc. announced today that KSFY-TV began broadcasting from its new downtown Sioux Falls studio Monday, November 14.
Nov 8, 2016
Category: Press Release
Gray Television, Inc. announced today that its Board of Directors has authorized the Company to repurchase up to an additional $75 million of its outstanding common stock (GTN) prior to December 31, 2019.
Nov 8, 2016
Category: Press Release
Gray Television, Inc. today announces record-setting results of operations for the three-months ended September 30, 2016 (the “third quarter of 2016”), including record revenue and Broadcast Cash Flow. Despite inventory displacement resulting from political advertising and the Olympic games, our core revenue was flat compared to the same period in 2015. Moreover, adjusting for the impact of acquisitions and financing transactions, Gray continues to post organic revenue growth while maintaining solid expense controls.
Oct 27, 2016
Category: Press Release
Gray Television, Inc. will host a conference call to discuss its operating results for the quarter ended September 30, 2016 on Tuesday, November 8, 2016. The call will begin at 9:00 a.m. Eastern Time. The live dial-in number is 1-800-768-6563 and the confirmation code is 3802414.
Sep 20, 2016
Category: Press Release
Gray Television, Inc. today announced that its Board of Directors unanimously voted to expand the Board by one seat and elected Richard B. Hare as a Director to fill that position. Like all Directors, Mr. Hare’s term will run through our next Annual Meeting.
Sep 20, 2016
Category: Press Release
Gray Television, Inc. today withdrew its guidance for net political advertising revenue for the three- month period ending September 30, 2016 and for the three-month period ending December 31, 2016.
Sep 14, 2016
Category: Press Release
Gray Television, Inc. announced today that its previously announced offer to purchase any and all of its outstanding 7½% Senior Notes due 2020 expired at 5:00 p.m., New York City time, on September 13, 2016.
Sep 14, 2016
Category: Press Release
Gray Television, Inc. announced today that it has completed its previously announced offering of $525.0 million in aggregate principal amount of 5.125% senior notes due 2024 and $200.0 million in aggregate principal amount of additional 5.875% senior notes due 2026.
Sep 7, 2016
Category: Press Release
Gray Television, Inc. announced today that it has priced its previously announced offering of $525.0 million in aggregate principal amount of 5.125% senior notes due 2024 (the “2024 Notes”) and $200.0 million in aggregate principal amount of additional 5.875% senior notes due 2026 (the “Additional 2026 Notes” and, together with the 2024 Notes, the “Notes”).
Sep 7, 2016
Category: Press Release
Gray Television, Inc. announced today that it has commenced a cash tender offer (the “Tender Offer”) for any and all of its outstanding $675.0 million aggregate principal amount 7½% Senior Notes due 2020 (CUSIP No. 389375 AG1) (the “Notes”).
Sep 7, 2016
Category: Press Release
Gray Television, Inc. announced today that it has commenced an offering of $525.0 million in aggregate principal amount of senior notes due 2024 (the “2024 Notes”) and $200.0 million in aggregate principal amount of additional 5.875% senior notes due 2026 (together with the 2024 Notes, the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Act”). The Notes will be the Company’s senior unsecured obligations and will be guaranteed by all of the Company’s existing, and certain future, subsidiaries.
Aug 4, 2016
Category: Press Release
Gray Television, Inc. today announces record-setting results of operations for the period ended June 30, 2016, including record revenue, record net income, and record Broadcast Cash Flow. Moreover, adjusting for the impact of acquisitions, the results reported today confirm that Gray continues to post organic revenue growth while maintaining solid expense controls.
Jul 18, 2016
Category: Press Release
Gray Television, Inc. will host a conference call to discuss its operating results for the quarter ended June 30, 2016 on Thursday, August 4, 2016. The call will begin at 11:00 a.m. Eastern Time.
Jun 30, 2016
Category: Press Release
Gray Television, Inc. announced today that its Board of Directors unanimously voted to expand the Board by one seat and elected Luis A. Garcia as a Director to fill that position.
Jun 14, 2016
Category: Press Release
Gray Television, Inc. announced today that it has completed its previously announced offering of $500.0 million in aggregate principal amount of its 5.875% Senior Notes due 2026.
Jun 7, 2016
Category: Press Release
Gray Television, Inc. announced today that it has priced its offering of $500.0 million aggregate principal amount of 5.875% senior notes due 2026, an increase of $75.0 million over its previously announced offer size. The Notes were priced at 100% of par. The Company’s existing, and certain future, subsidiaries will guarantee the Notes on a senior unsecured basis. The sale of the Notes is expected to be completed on June 14, 2016, subject to customary closing conditions.
Jun 7, 2016
Category: Press Release
Gray Television, Inc. announced today that it has commenced an offering of $425.0 million aggregate principal amount of senior notes due 2026 in a private offering that is exempt from the registration requirements of the Securities Act of 1933. The Notes will be the Company’s senior unsecured obligations and will be guaranteed by all of the Company’s existing, and certain future, subsidiaries.
Jun 3, 2016
Category: Press Release
Gray Television, Inc. announced today that it has reached an agreement with Nexstar Broadcasting Group, Inc. to acquire, for $270 million in cash, two television stations that Nexstar will divest upon its merger with Media General, Inc.: WBAY (ABC), in Green Bay, Wisconsin, and KWQC (NBC) in Davenport, Iowa, both currently owned and operated by Media General.
May 13, 2016
Category: Press Release
Gray Television, Inc. announced today that it has reached an agreement with Withers Broadcasting Company to acquire WDTV (CBS) and WVFX (FOX/CW) in Clarksburg, West Virginia, for $26.5 million in cash.
May 9, 2016
Category: Press Release
Gray Television, Inc. today announced that its stations and professionals have been honored with an unprecedented number of major awards and recognitions for their high-quality news, community support, and leadership.
May 9, 2016
Category: Press Release
Gray Television, Inc. today announced results of operations for the three-months ended March 31, 2016.
Apr 22, 2016
Category: Press Release
Gray Television, Inc. will host a conference call to discuss its operating results for the quarter ended March 31, 2016 on Monday, May 9, 2016. The call will begin at 11:00 a.m. Eastern Time.
Apr 14, 2016
Category: Press Release
Atlanta, GA – April 14, 2016. . . Gray Television, Inc. (“Gray” or “we” or “our”) (NYSE: GTN and GTN.A) today announced that it has made a $3 million strategic equity investment in Syncbak, a technology company that replicates over-the-air broadcasts for delivery over-the-top (OTT) of the Internet – live and on-demand. In addition, Gray’s Chief Digital and Technology Officer, Jason Effinger, has joined Syncbak’s Board of Directors.
Feb 26, 2016
Category: Press Release
Atlanta, Georgia – February 26, 2016. . . Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN and GTN.A) today announced results of operations for the three-months and year ended December 31, 2015.
Feb 16, 2016
Category: Press Release
ATLANTA, Feb. 16, 2016 /PRNewswire/ -- Gray Television, Inc. ("Gray," "we," "us" or "our") (NYSE: GTN and GTN.A) announced that it has closed its acquisition of television stations from Schurz Communications, Inc. ("Schurz") and related station acquisitions and divestitures with other counter-parties.
Feb 10, 2016
Category: Press Release
ATLANTA, Feb. 10, 2016 /PRNewswire/ -- Gray Television, Inc. (NYSE: GTN and GTN.A) today announced that it will release its earnings results for the quarter ending December 31, 2015 on Friday, February 26, 2016. Gray Television, Inc.
Feb 5, 2016
Category: Press Release
ATLANTA, Feb. 5, 2016 /PRNewswire/ -- Gray Television, Inc. ("Gray" or "we" or "our") (NYSE: GTN and GTN.A) announced today that it has successfully completed the renewal of retransmission consent agreements with four cable operators that expired at the end of 2015. The new long-term agreements with our valued cable partners, including Time Warner Cable and Buckeye Cable, cover more than 900,000 Big Four affiliated subscribers in sixteen markets across the country.
Feb 1, 2016
Category: Press Release
Atlanta, GA – February 1, 2016. . . Gray Television, Inc. (“Gray” or “we” or “our”) (NYSE: GTN and GTN.A) announced today that William E. Mayher, III, the Chairman of our Board since August 1993, passed away peacefully yesterday in Athens, Georgia. He was 77 years old.
Jan 27, 2016
Category: Press Release
ATLANTA, Jan. 27, 2016 /PRNewswire/ -- Gray Television, Inc. ("Gray" or "we" or "our") (NYSE: GTN and GTN.A) announced today the promotion of its five Senior Vice Presidents to new positions in response to the company's growing scale, diversification and profile. The changes will be effective on February 1, 2016.
Dec 22, 2015
Category: Press Release
ATLANTA, Dec. 22, 2015 /PRNewswire/ -- Gray Television, Inc. ("Gray," "we," "us" or "our") (NYSE: GTN and GTN.A) today announced that it and Schurz Communications, Inc. ("Schurz") have reached an agreement with the U.S. Department of Justice ("DOJ") that should enable the parties to complete Gray's acquisition of the broadcast stations owned by Schurz and to complete the related divestures previously announced by Gray.
Dec 15, 2015
Category: Press Release
ATLANTA and BURBANK, Calif., Dec. 15, 2015 /PRNewswire/ -- Gray Television, Inc. (NYSE: GTN and GTN.A) and The CW Network today announced a multi-year extension of their affiliation agreements, covering 23 markets around the country. The agreements include four new Gray stations to carry The CW in Madison, Wis.; Fargo, N. D.; Alexandria, La.; and Laredo, Texas.
Nov 9, 2015
Category: Press Release
ATLANTA, Nov. 9, 2015 /PRNewswire/ -- Gray Television, Inc. ("Gray" or "we" or "our") (NYSE: GTN and GTN.A) announced today that it has hired Karen Youger and Jim Curtin to assist Gray's local news, sales, and management teams in their continual efforts to enhance Gray's programming and sales offerings. In addition, Ms. Youger and Mr. Curtin will provide significant support to Gray's new in-house national sales initiative that launches in January 2016.
Nov 3, 2015
Category: Press Release
ATLANTA, Nov. 3, 2015 /PRNewswire/ -- Gray Television, Inc. ("Gray," "we," "us" or "our") (NYSE: GTN and GTN.A) today announced results of operations for the three and nine-month periods ended September 30, 2015. Gray achieved record revenue during the three and nine-month periods ended September 30, 2015, and Gray's free cash flow per diluted weighted average share was $0.22 and $0.96, respectively, and net income per diluted weighted average share was $0.09 and $0.36, respectively. Excluding the special charges discussed below relating to the termination of certain national sales representation agreements and transaction costs relating to our closed and pending acquisitions, our net income per diluted weighted average share was approximately $0.18 and $0.45 for the three and nine-month periods ended September 30, 2015, respectively.
Nov 2, 2015
Category: Press Release
ATLANTA, Nov. 2, 2015 /PRNewswire/ -- Gray Television, Inc. ("Gray" or "we" or "our") (NYSE: GTN and GTN.A) announced today that it has reached agreements to sell all of the radio stations that are included in Gray's pending acquisition of the broadcast assets of Schurz Communications, Inc. ("Schurz"). 
Oct 22, 2015
Category: Press Release
ATLANTA, Oct. 22, 2015 /PRNewswire/ -- Gray Television, Inc. ("Gray" or "we" or "our") (NYSE: GTN and GTN.A) has been selected "Station Group of the Year" for 2016 by TVNewsCheck, a leading industry publication focusing on news and newsmakers in the broadcast television business