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Gray Television (GTN)

Gray Television is a television broadcast company headquartered in Atlanta, Georgia. Gray is the largest owner of top-rated local television stations and digital assets in the United States ("U.S."). Gray currently owns and/or operates television stations and leading digital properties in 94 television markets that collectively reach approximately 24% of U.S. television households. During 2020, Gray's stations were ranked first in 70 markets, and ranked first and/or second in 86 markets, as calculated by Comscore's audience measurement service. Gray also owns video program production, marketing, and digital businesses including Raycom Sports, Tupelo Honey, and RTM Studios, the producer of PowerNation programs and content, and is the majority owner of Swirl Films.

Company profile

Ticker
GTN, GTN.A
Exchange
NYSE
Website
gray.tv
CEO
Hilton Howell
Employees
Incorporated
Georgia
Location
Georgia
Fiscal year end
Dec 31
Sector
Information > Television Broadcasting
Industry (SIC)
Television Broadcasting Stations
Paramount Global • 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
Subsidiaries
Gray Media Group, Inc. • Gray Television Licensee, LLC • Raycom Sports Network, LLC • Tupelo Media Group, LLC • PowerNation Studios, LLC • Dynamic Captioning, LLC • Atlanta Assembly, LLC ...
IRS number
580285030

GTN stock data

News

From Benzinga Pro
10 Communication Services Stocks With Whale Alerts In Today's Session
16 Aug 22
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Gray Television Beats On Q2; Issues Cautious Outlook
5 Aug 22
Gray Television: Q2 Earnings Insights
5 Aug 22
Gray Television (NYSE:GTN) reported its Q2 earnings results on Friday, August 5, 2022. Here's what investors need to know about the announcement.
Gray Television Q2 EPS $0.91 Beats $0.86 Estimate, Sales $868.00M Beat $854.42M Estimate
5 Aug 22
Earnings Scheduled For August 5, 2022
5 Aug 22

Press releases

From Benzinga Pro
Michelle Robinson Harper and Shelly Hill Crawford Named to Lead WBTV in Charlotte, North Carolina
9 Aug 22
ATLANTA, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray," "we," "us" or "our") (NYSE:GTN) announced today that Michelle Robinson Harper will join Gray as the General Manager of WBTV (CBS) in Charlotte,
GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE
5 Aug 22
ATLANTA, Aug. 05, 2022 (GLOBE NEWSWIRE) -- Gray Television, 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
Gray Television Delivers Solid Second Quarter Operating Results
5 Aug 22
ATLANTA, Aug. 05, 2022 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray," "we," "us" or "our") (NYSE:GTN) today announced its strong financial results for the second quarter ended June 30, 2022, including a 231%
Gray Announces Management Changes
2 Aug 22
GRAY SETS DATE FOR SECOND QUARTER EARNINGS RELEASE AND EARNINGS CONFERENCE CALL
6 Jul 22

Calendar

5 Aug 22
20 Aug 22
31 Dec 22

Financial summary

Financial statements Chart GTN financial data
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 162M 162M 162M 162M 162M 162M
Cash burn (monthly) 28.33M 51.92M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 47.72M 87.44M n/a n/a n/a n/a
Cash remaining 114.28M 74.56M n/a n/a n/a n/a
Runway (months of cash) 4.0 1.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

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
30 Jun 22 Howell Hilton H JR Class A Common Stock Buy Acquire P No No 15.83 290 4.59K 1,692,844
30 Jun 22 Howell Robin Robinson Class A Common Stock Buy Acquire P Yes No 15.83 290 4.59K 1,692,844
19 May 22 Jackson S Iv Cowart Gray Common Stock - GTN Sell Dispose S Yes No 20.19 4,900 98.93K 12,309
19 May 22 Jackson S Iv Cowart Gray Common Stock - GTN Sell Dispose S No No 20.25 8,375 169.59K 3,487
19 May 22 Jackson S Iv Cowart Gray Common Stock - GTN Sell Dispose S No No 19.93 1,400 27.9K 11,862
19 May 22 Jackson S Iv Cowart Gray Common Stock - GTN Sell Dispose S No No 19.96 2,798 55.85K 13,262
17 May 22 James C Ryan Common Stock Sell Dispose S No No 20.31 34,200 694.6K 418,248
16 May 22 James C Ryan Common Stock Sell Dispose S No No 20.01 11,511 230.34K 452,448
13 May 22 James C Ryan Common Stock Sell Dispose S No No 20 289 5.78K 463,959
11 May 22 Boger Richard Lee Class A Common Stock Sell Dispose S No No 19 3,000 57K 6,913
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

GTN institutional ownership history Ownership history
13F holders Current Prev Q Change
Total holders 211 217 -2.8%
Opened positions 29 53 -45.3%
Closed positions 35 32 +9.4%
Increased positions 74 61 +21.3%
Reduced positions 70 67 +4.5%
13F shares Current Prev Q Change
Total value 1.28B 1.6B -20.0%
Total shares 79.96M 76.62M +4.4%
Total puts 296.3K 320.6K -7.6%
Total calls 613.4K 1.14M -46.3%
Total put/call ratio 0.5 0.3 +72.2%
Largest owners Shares Value Change
Dimensional Fund Advisors 6.46M $109.08M +3.9%
BLK Blackrock 5.88M $99.28M +0.4%
Vanguard 4.75M $80.19M +2.2%
MBX Capital 4.28M $0 0.0%
Darsana Capital Partners 4.14M $69.94M +352.1%
Retirement Systems of Alabama 4.13M $69.7M 0.0%
Channing Capital Management 3.53M $59.62M +14.0%
Clearbridge Advisors 3.39M $57.31M +1.9%
Millennium Management 3.21M $54.17M +194.6%
LSV Asset Management 2.98M $50.28M -8.0%
Largest transactions Shares Bought/sold Change
Darsana Capital Partners 4.14M +3.23M +352.1%
Fuller & Thaler Asset Management 681.63K -2.18M -76.2%
Millennium Management 3.21M +2.12M +194.6%
GS Goldman Sachs 1.11M -1.2M -52.1%
Baupost 2.26M +969.08K +75.1%
Schroder Investment Management 736.31K +662.75K +900.9%
UBS UBS Group AG - Registered Shares 2.39M -507.58K -17.5%
Citadel Advisors 1.22M +449.33K +58.6%
Balyasny Asset Management 810.44K +439K +118.2%
Channing Capital Management 3.53M +434.13K +14.0%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

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Competition
Tribune Media

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: acre, announced, brokerage, center, centered, commercial, complex, concept, conducted, correct, created, daily, deleted, department, dollar, entry, established, establishment, expertise, extensive, human, Importantly, IRP, journal, knowledgeable, ledger, leverage, mixed, NBCU, NBCUniversal, notified, permit, Plant, promptly, rare, residential, retail, semiannual, superseded, town, unchanged, voluntarily
Removed: accelerated, allocation, chapter, closing, complying, Corporation, creation, decrease, electronically, emerging, Employer, expended, extended, filer, filing, Identification, implement, incorporation, Interactive, jurisdiction, mark, organization, PAGE, par, pending, professional, proximity, Qualitative, Quantitative, registered, registrant, reimbursed, reimbursement, requested, Rule, serving, shell, shorter, smaller, submit, submitted, Title, Trading, transition, WASHINGTON, working, York
From filing 10-Q 2022 Q2
Financial reports
View all
10-Q
2022 Q2
Quarterly report
5 Aug 22
10-Q
2022 Q1
Quarterly report
6 May 22
10-K
2021 FY
Annual report
25 Feb 22
10-Q
2021 Q3
Quarterly report
4 Nov 21
10-Q
2021 Q2
Quarterly report
5 Aug 21
10-Q
2021 Q1
Quarterly report
6 May 21
10-K
2020 FY
Annual report
25 Feb 21
10-Q
2020 Q3
Quarterly report
5 Nov 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
7 May 20
Current reports
View all
8-K
Gray Announces Quarterly Cash Dividend of $0.08 Per Share
5 Aug 22
8-K
Gray Television Delivers Solid Second Quarter Operating Results
5 Aug 22
8-K
Departure of Directors or Certain Officers
6 May 22
8-K
Gray Announces Quarterly Cash Dividend of $0.08 Per Share
6 May 22
8-K
Gray Reports Strong First Quarter Benefiting From Growth Strategy
6 May 22
8-K
Gray Names Lorri Mcclain to Its Board of Directors
1 Mar 22
8-K
As Reported Basis
25 Feb 22
8-K
Gray Reports Solid 2021 Performance and is Poised for a Strong 2022
25 Feb 22
8-K
Gray Announces Quarterly Cash Dividend of $0.08 Per Share
24 Feb 22
8-K
Gray Television Closes on Acquisition of
1 Dec 21
Registration and prospectus
View all
S-8 POS
Registration of securities for employees (post-effective amendment)
5 Aug 22
S-8 POS
Registration of securities for employees (post-effective amendment)
5 Aug 22
S-8 POS
Registration of securities for employees (post-effective amendment)
5 Aug 22
S-8 POS
Registration of securities for employees (post-effective amendment)
5 Aug 22
S-8 POS
Registration of securities for employees (post-effective amendment)
5 Aug 22
S-8 POS
Registration of securities for employees (post-effective amendment)
5 Aug 22
S-8 POS
Registration of securities for employees (post-effective amendment)
5 Aug 22
S-8 POS
Registration of securities for employees (post-effective amendment)
5 Aug 22
S-8 POS
Registration of securities for employees (post-effective amendment)
5 Aug 22
S-8 POS
Registration of securities for employees (post-effective amendment)
5 Aug 22
Proxies
View all
DEFA14A
Additional proxy soliciting materials
25 Mar 22
DEF 14A
Definitive proxy
25 Mar 22
DEFA14A
Additional proxy soliciting materials
3 Jun 21
DEFA14A
Additional proxy soliciting materials
25 Mar 21
DEF 14A
Definitive proxy
24 Mar 21
DEFA14A
Additional proxy soliciting materials
24 Apr 20
DEFA14A
Additional proxy soliciting materials
26 Mar 20
DEF 14A
Definitive proxy
26 Mar 20
DEFA14A
Additional proxy soliciting materials
27 Mar 19
DEF 14A
Definitive proxy
27 Mar 19
Other
View all
EFFECT
Notice of effectiveness
12 Nov 13
EFFECT
Notice of effectiveness
11 Sep 13
EFFECT
Notice of effectiveness
19 Dec 12
UPLOAD
Letter from SEC
20 Sep 11
CORRESP
Correspondence with SEC
14 Sep 11
UPLOAD
Letter from SEC
31 Aug 11
CORRESP
Correspondence with SEC
29 Aug 11
CORRESP
Correspondence with SEC
14 Aug 11
UPLOAD
Letter from SEC
1 Aug 11
EFFECT
Notice of effectiveness
8 Jul 10
Ownership
View all
SC 13G
GRAY TELEVISION / Darsana Capital Partners ownership change
18 Jul 22
4
GRAY TELEVISION / HILTON H HOWELL JR ownership change
1 Jul 22
4
GRAY TELEVISION / Robin Robinson Howell ownership change
1 Jul 22
11-K
Annual report of employee stock purchases
29 Jun 22
4
GRAY TELEVISION / JACKSON S IV COWART ownership change
20 May 22
4
GRAY TELEVISION / JAMES C RYAN ownership change
17 May 22
4
GRAY TELEVISION / Robin Robinson Howell ownership change
13 May 22
4
GRAY TELEVISION / HILTON H HOWELL JR ownership change
13 May 22
4
GRAY TELEVISION / RICHARD LEE BOGER ownership change
13 May 22
4
GRAY TELEVISION / JAMES C RYAN ownership change
10 May 22

Transcripts

View all
2022 Q2
Earnings call transcript
5 Aug 22
2021 Q4
Earnings call transcript
26 Feb 22
2021 Q3
Earnings call transcript
6 Nov 21
2021 Q2
Earnings call transcript
8 Aug 21
2021 Q1
Earnings call transcript
8 May 21
2020 Q4
Earnings call transcript
27 Feb 21
2020 Q3
Earnings call transcript
7 Nov 20
2020 Q2
Earnings call transcript
9 Aug 20
2020 Q1
Earnings call transcript
9 May 20
2019 Q4
Earnings call transcript
27 Feb 20

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