Gray Television, Inc. announced today that its Chairman and CEO, Hilton H. Howell, Jr., will ring the Closing Bell at the New York Stock Exchange tomorrow, January 11, 2019, at 4:00 p.m. ET to commemorate the Company’s recent acquisition of Raycom Media, Inc. ("Raycom"). Several members of the Company’s executive management team will join Mr. Howell on the podium.
Gray Television, Inc. announced today that it has entered into multi-year agreements with the ABC Television Network that extend and renew the network affiliations for all of Gray’s 28 ABC affiliated television stations across 25 markets.
Gray Television, Inc. announced today that it has entered into an agreement to terminate the national advertising sales representation agreements that cover all television stations that it acquired earlier this week in its acquisition of Raycom Media, Inc.
Gray Television, Inc. announced today that it has consummated its transformative transaction with Raycom Media, Inc.
Gray Television, Inc. has received approvals from both the Antitrust Division of the U.S. Department of Justice and the Federal Communications Commission of its previously announced acquisition of Raycom Media, Inc. (“Raycom”) including the related divestitures of certain television stations due to market overlaps. Furthermore, the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has now terminated.
Gray Television, Inc. announced today the sad news that Jim Wareham, our beloved General Manager in Fargo, North Dakota, passed away peacefully on Friday, December 14, 2018, due to natural causes.
Gray Television, Inc., a leading television broadcast company, today celebrated the grand-reopening of the award-winning television station KNOE-TV. The station completed a $4 million renovation project with a major overhaul of the building, including updated studios, control room, and newsroom.
Gray Television, Inc. announced today its appointment of Josh Young as the General Manager of CBS affiliates KWTX in Waco and KBTX in Bryan-College Station, Texas.
Gray Television, Inc. today announces that it has completed its previously announced offering of $750.0 million in aggregate principal amount of 7.0% senior notes due 2027.
Gray Television, Inc. today announces record results of operations for the three-months ended September 30, 2018, including record revenue, net income and Broadcast Cash Flow (a non-GAAP financial measure, defined below). Our diluted net income per share for the third quarter of 2018 was $0.70.
Gray Television, Inc. announced today the pricing of its previously announced private offering of $750.0 million aggregate principal amount of 7.0% senior notes due 2027 (the “Notes”) by Gray Escrow, Inc., a special purpose wholly owned subsidiary of Gray (the “Escrow Issuer”). This represents an increase of $250.0 million over the amount previously announced. The Notes were priced at 100% of par. The offering of the Notes is expected to close on November 16, 2018, subject to customary closing conditions, at which time the proceeds of the offering will be funded into an escrow account.
Gray Television, Inc. announced today that a special purpose wholly owned subsidiary of Gray intends to offer up to $500 million aggregate principal amount of senior notes due 2027, subject to market conditions. The offering will be exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).
Gray Television, Inc. today released results from the company’s second national poll of congressional candidates less than two weeks before the U.S. midterm elections. Likely voters in Florida, North Dakota and West Virginia were polled to assess changes in candidate support and favorability, as well as state ballot measure support.
Gray Television, Inc. announced today that it is proposing, subject to market and other conditions, to replace its existing priority revolving credit facility with a new pari passu five-year revolving credit facility, amend its current term loan, and incur up to $2.15 billion of additional term loans under its senior credit facility (the “Senior Credit Facility”). Gray also announced updates to certain of its previously announced guidance for the third quarter of 2018, based on preliminary information available to date.
Gray Television, Inc. today released results from the company’s first ever national poll of congressional candidates ahead of the November U.S. midterm elections, assessing both presidential and candidate support and favorability in Florida, North Dakota and West Virginia.
Gray Television, Inc. today announced that it will release its earnings results for the quarter ending September 30, 2018 on Tuesday, November 6, 2018.
Gray Television, Inc. today announced that it has reached an agreement in principle with the NBC Network that extends and renews all of Gray’s existing NBC network affiliations, which otherwise would have expired at year-end 2018.
Gray Television, Inc. announced today that it has entered into agreements to sell television stations in eight markets in which both it and Raycom Media, Inc. currently own television stations.
Gray Television, Inc. announced today that it has entered into an agreement to sell WSWG-TV, the CBS affiliate for the Albany, Georgia, television market to Marquee Broadcasting, Inc.
Gray Television, Inc. (GTN) today announces record results of operations for the three-months ended June 30, 2018, including record revenue and Broadcast Cash Flow. Our net income per diluted share for the second quarter of 2018 was $0.46.
Leading television broadcast company Gray Television, Inc. (NYSE: GTN and GTN.A) celebrated the opening of its brand-new television facility in Rapid City. The newly remodeled building, originally built in 1976, will house the KEVN Black Hills Fox TV and KOTA-TV stations. Hilton Howell, President and CEO of Gray Television, and station’s management welcomed 200 guests attended the event including representatives of Senator John Thune, Rapid City Chamber of Commerce, Rapid City School Board, Rapid City Council and other prominent members of the local business community.
Loyola University New Orleans’ award-winning School of Mass Communication is embarking on a new partnership with Gray Television to create a “Producer Incubator Lab.” The new student laboratory on campus will bring producers from Gray Television stations around the nation to Loyola to help coach and educate aspiring producers, as well as give lectures on all aspects of production in the television broadcast industry.
Gray Television, Inc. today announced that it will release its earnings results for the quarter ending June 30, 2018 on Tuesday, August 7, 2018.
Gray Television, Inc., a leading television broadcast company, today broke ground on its new 30,000 square foot facility in Augusta, Georgia, for the award-winning television station and news organizations of WRDWTV News 12 and WAGT NBC 26. The new facility will house CBS, NBC, CW, MyNetworkTV, and Antenna TV affiliates and will be completed in late 2019.
Gray Television, Inc. announced today that is has promoted four station department heads to General Managers. Each of these individuals succeeds a Regional Vice President/General Manager who, until now, have been running a local station as well as overseeing additional Gray television stations.
Atlanta, Georgia and Montgomery, Alabama - Gray Television, Inc. (“Gray”) (NYSE: GTN and GTN.A) and Raycom Media, Inc. (“Raycom”), an employee-owned company, jointly announced today that they have entered into an agreement to combine their companies in a transformative transaction that will create the single largest owner of top-rated local television stations and digital assets in the country.
Gray Television, Inc. announced today that Jason Effinger, our Executive Vice President and Chief Digital and Media Technology Officer, will leave the Company in the coming weeks.
Gray Television, Inc. announced its appointment of two veteran broadcasters to lead its television stations in the Omaha and Odessa-Midland television markets.
Gray Television, Inc. today announces record results of operations for the three-months ended March 31, 2018, including record revenue, net income and Broadcast Cash Flow (a non-GAAP financial measure, defined below). Our net income per diluted share for the first quarter of 2018 was $0.22.
Gray Television, Inc. announced today that it has reached an agreement with Red River Broadcasting Company to acquire KDLT-TV, the NBC affiliate for the Sioux Falls, South Dakota market (DMA 110), for $32.5 million in cash. The acquisition of KDLT-TV would unite the station’s strong staff and legacy of community leadership with Gray’s KSFY-TV, which serves as the market’s ABC and CW affiliate.
Gray Television, Inc. announced today, that on the 110th anniversary of broadcasting pioneer Edward R. Murrow's birth, the Radio Television Digital News Association (RTDNA) named several Gray Television stations as the winners of a combined 19 regional Edward R. Murrow awards for excellence in journalism.
Gray Television, Inc. today announced that it will release its earnings results for the quarter ending March 31, 2018 on Tuesday, May 8, 2018.
Gray Television, Inc. today announces record results of operations for the fourth quarter and full year ended December 31, 2017, including record revenue and net income.
Gray Television, Inc. today announced that it will release its earnings results for the quarter ending December 31, 2017 on Tuesday, February 27, 2018.
Gray Television, Inc. announced today that its television stations set new records of ratings excellence during the November 2017 sweeps period conducted by the Nielsen Company
Gray Television, Inc. announced today its appointment of veteran broadcaster Chris Fedele as the General Manager of WTVG-TV (ABC) in Toledo, Ohio. He brings over 25 years of broadcast experience to Gray Television.
Gray Television, Inc. announced today its appointment of veteran broadcaster Jasmine Hatcher Hardin as the General Manager for its Knoxville television stations, WVLT (CBS/MyVLT) and WBXX (CW) effective January 1, 2018.
Gray Television, Inc. announced today that it has completed its previously announced and priced underwritten public offering of shares of its common stock at a price to the public of $14.50 per share.
Gray Television, Inc. announced today that it has priced its previously announced underwritten public offering of 15 million shares of its common stock, at a price to the public of $14.50 per share. Gray has also granted the underwriters a 30-day option to purchase up to an additional 2.25 million shares of common stock. The offering is expected to close on December 4, 2017, subject to the satisfaction of customary closing conditions.
Gray Television, Inc. announced today that it has commenced an underwritten public offering, subject to market and other conditions, of 15 million shares of its common stock pursuant to an effective shelf registration statement. In addition, Gray expects to grant the underwriters an option for a period of 30 days to purchase up to an additional 2.25 million shares of common stock.
Gray Television, Inc. today announces record-setting results of operations for the third quarter and year-to-date periods ended September 30, 2017, including record revenue and net income.
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.
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.
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.
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.
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.
Gray Television, Inc. today announced that it will release its earnings results for the quarter ending June 30, 2017 on Tuesday, August 8, 2017.
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.
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.
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.
Gray Television, Inc. today announced that it will release its earnings results for the quarter ending March 31, 2017 on Thursday, May 4, 2017.
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.
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.
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.
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.
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).
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.
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.
Gray Television, Inc. announced today its appointment of two veteran broadcasters as new General Managers.
Gray Television, Inc. announced today its appointment of three veteran broadcasters as the new managers of its Alaska television stations.
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.
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.
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.
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.
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.
Gray Television, Inc. announced today that KSFY-TV began broadcasting from its new downtown Sioux Falls studio Monday, November 14.
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.
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.
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.
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.
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.
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.
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.
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”).
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”).
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Gray Television, Inc. today announced results of operations for the three-months ended March 31, 2016.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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").
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
