GTN Gray Television Dashboard

Gray Television, Inc. is a television broadcasting company, which engages in owning and operating television stations and digital assets in markets throughout the United States. It operates through the following segments: Broadcasting, and Production Companies. The Broadcasting segment operates television stations located across local markets in the United States. The Production Companies segment includes the production of television and event content. The company was founded in January 1897 and is headquartered in Atlanta, GA.

Company profile

Ticker

GTN, GTN.A

Exchange

NYSE

Website

gray.tv/

CEO

Hilton Howell

Incorporated

Georgia

Location

Georgia

Fiscal year end

Dec 31

Sector

Information > Television Broadcasting

Industry (SIC)

Television Broadcasting Stations

ViacomCBS • Fox • Tribune Media • Liberty Media Corp. • TEGNA • Central European Media Enterprises • Sinclair Broadcast • E.W. Scripps • Nexstar Media • Entravision Communications ...

Former names

GRAY COMMUNICATIONS SYSTEMS INC /GA/

SEC CIK

0000043196

Corporate docs

Articles of Incorporation & Bylaws

IRS number

580285030

GTN stock data

S&P 500

1M 1Y 2Y 5Y

News

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5 Value Stocks In The Communication Services Sector

26 Jul 21

Understanding Value Stocks

5 Value Stocks To Watch In The Communication Services Sector

12 Jul 21

Understanding Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.

Stocks That Hit 52-Week Highs On Thursday

1 Jul 21

This morning 158 companies set new 52-week highs.

5 Value Stocks In The Communication Services Sector

21 Jun 21

10 Communication Services Stocks Moving In Monday's Pre-Market Session

21 Jun 21

Press releases

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GRAY CHANGES TIME OF SECOND QUARTER EARNINGS RELEASE AND EARNINGS CONFERENCE CALL

23 Jul 21

ATLANTA, July 23, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (NYSE:GTN) today announced that it has changed the time of its earnings results for the quarter ending June 30, 2021 on Thursday, August 5, 2021

Byron Allen's Allen Media Broadcasting Buys ABC Affiliate WJRT-TV In Flint, Michigan From Gray For $70 Million

14 Jul 21

ATLANTA, July 14, 2021 /PRNewswire/ -- Gray Television, Inc. ("Gray") (NYSE:GTN) has reached an agreement to divest WJRT-TV, its ABC affiliate for the Flint-Saginaw, Michigan, television market, to Byron

BYRON ALLEN'S ALLEN MEDIA BROADCASTING BUYS ABC AFFILIATE WJRT-TV IN FLINT, MICHIGAN FROM GRAY FOR $70 MILLION

14 Jul 21

ATLANTA, July 14, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray") (NYSE:GTN) has reached an agreement to divest WJRT-TV, its ABC affiliate for the Flint-Saginaw, Michigan, television market, to Byron Allen's

Gray Sets Date for Second Quarter Earnings Release and Earnings Conference Call

14 Jul 21

Raycom Sports Launches Origin Sports Network on The Roku Channel in Canada and XUMO in the United States

30 Jun 21

Calendar

6 May 21

30 Jul 21

31 Dec 21

Financial summary

Financial statements Chart GTN financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
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Cash on hand
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Diluted EPS

Financial data from company earnings reports.

Recent insider trades

GTN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
18 Jun 21	D Patrick LaPlatney	Common Stock	Sell	Dispose S	No	No	22.43	20,000	448.6K	360,727
17 Jun 21	D Patrick LaPlatney	Common Stock	Sell	Dispose S	No	No	22.89	20,000	457.8K	380,727
16 Jun 21	D Patrick LaPlatney	Common Stock	Sell	Dispose S	No	No	22.55	20,000	451K	400,757
15 Jun 21	D Patrick LaPlatney	Common Stock	Sell	Dispose S	No	No	22.59	20,000	451.8K	400,727
14 Jun 21	D Patrick LaPlatney	Common Stock	Sell	Dispose S	No	No	22.62	20,000	452.4K	420,757
14 May 21	Howell Hilton H JR	Common Stock	Sell	Dispose S	No	No	21.09	49,700	1.05M	617,609
14 May 21	Howell Robin Robinson	Common Stock	Sell	Dispose S	Yes	No	21.09	49,700	1.05M	617,609
5 May 21	Howell Robin Robinson	Common Stock	Grant	Aquire A	No	No	0	5,920	0	52,079

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

GTN institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

85.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	201	197	+2.0%
Opened positions	34	37	-8.1%
Closed positions	30	26	+15.4%
Increased positions	67	62	+8.1%
Reduced positions	76	72	+5.6%

13F shares	Current	Prev Q	Change
Total value	3.15B	2.51B	+25.2%
Total shares	75.4M	77.25M	-2.4%
Total puts	76.2K	76.5K	-0.4%
Total calls	96.4K	235.3K	-59.0%
Total put/call ratio	0.8	0.3	+143.1%

Largest owners	Shares	Value	Change
Dimensional Fund Advisors	6.66M	$122.59M	-1.8%
BLK Blackrock	6.49M	$119.43M	+4.3%
Vanguard	4.49M	$82.58M	+2.5%
Retirement Systems of Alabama	4.13M	$75.93M	-31.5%
LSV Asset Management	3.75M	$69.02M	+89.4%
UBS UBS Group AG - Registered Shares	3.75M	$68.97M	-1.1%
Clearbridge Advisors	3.67M	$67.57M	-9.2%
Darsana Capital Partners	3.61M	$66.39M	-12.2%
FMR	2.22M	$40.82M	+18.7%
Channing Capital Management	2.11M	$38.87M	+1.7%

Largest transactions	Shares	Bought/sold	Change
Retirement Systems of Alabama	4.13M	-1.9M	-31.5%
LSV Asset Management	3.75M	+1.77M	+89.4%
Norges Bank	0	-1.18M	EXIT
RY Royal Bank Of Canada	1.41M	+696.94K	+98.2%
AFG American Financial	715.3K	-615.3K	-46.2%
Darsana Capital Partners	3.61M	-500K	-12.2%
Jacobs Levy Equity Management	416.55K	+416.55K	NEW
Voya Investment Management	51.35K	-395.36K	-88.5%
Citadel Advisors	60.1K	-372.88K	-86.1%
Clearbridge Advisors	3.67M	-371.35K	-9.2%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Tribune Media

Management Discussion

Revenue. Total revenue increased approximately $259 million, or 12%, to $2.4 billion for 2020 compared to 2019, primarily as a result of increased political advertising revenue, due to 2020 being the “on-year” of the two-year election cycle and increases in retransmission consent revenue. Political advertising revenue increased approximately $362 million, or 532% to $430 million. Retransmission consent revenue increased by approximately $71 million or 9% to $867 million primarily due to higher retransmission consent rates. Combined, local and national advertising revenue decreased by $158 million or 14% to $969 million and production company revenue decreased by $26 million to $61 million. We attribute these decreases primarily to the effects of the COVID-19 global pandemic which has affected our customers and our sports and event programming. Local and national revenue from the broadcast of the 2020 Super Bowl on our FOX-affiliated stations was approximately $3 million, compared to $5 million that we earned from the broadcast of the 2019 Super Bowl on our CBS-affiliated stations.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

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Removed: Accumulation, authorization, brokerage, comparative, considerable, corroborated, delay, develop, dollar, doubtful, earlier, environment, establishment, exercisable, exercised, forward, Hedging, improve, indirectly, interaction, Interpreting, intrinsic, IRP, iv, Joint, judgment, lowest, maximize, minimize, November, older, open, permitted, postponed, prioritized, profit, purpose, realize, realized, simplify, Simplifying, standard, superseded, technique, ultimately, unadjusted, utilize, vi, vii, viii

From filing 10-Q 2021 Q1