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
Website
CEO
Hilton Howell
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
GRAY COMMUNICATIONS SYSTEMS INC /GA/
SEC CIK
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

10 Communication Services Stocks With Whale Alerts In Today's Session
16 Aug 22
Gray Television Beats On Q2; Issues Cautious Outlook
5 Aug 22
Gray Television: Q2 Earnings Insights
5 Aug 22
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
Michelle Robinson Harper and Shelly Hill Crawford Named to Lead WBTV in Charlotte, North Carolina
9 Aug 22
GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE
5 Aug 22
Gray Television Delivers Solid Second Quarter Operating Results
5 Aug 22
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
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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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 |
Recent insider trades
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 |
Institutional ownership, Q2 2022
13F holders | Current |
---|---|
Total holders | 211 |
Opened positions | 29 |
Closed positions | 35 |
Increased positions | 74 |
Reduced positions | 70 |
13F shares | Current |
---|---|
Total value | 1.28B |
Total shares | 79.96M |
Total puts | 296.3K |
Total calls | 613.4K |
Total put/call ratio | 0.5 |
Largest owners | Shares | Value |
---|---|---|
Dimensional Fund Advisors | 6.46M | $109.08M |
BLK Blackrock | 5.88M | $99.28M |
Vanguard | 4.75M | $80.19M |
MBX Capital | 4.28M | $0 |
Darsana Capital Partners | 4.14M | $69.94M |
Retirement Systems of Alabama | 4.13M | $69.7M |
Channing Capital Management | 3.53M | $59.62M |
Clearbridge Advisors | 3.39M | $57.31M |
Millennium Management | 3.21M | $54.17M |
LSV Asset Management | 2.98M | $50.28M |
Financial report summary
?Competition
Tribune MediaContent analysis
?Positive | ||
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Readability |
H.S. freshman Avg
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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
Financial reports
Current reports
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
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
DEFA14A
Additional proxy soliciting materials
25 Mar 22
DEFA14A
Additional proxy soliciting materials
3 Jun 21
DEFA14A
Additional proxy soliciting materials
25 Mar 21
DEFA14A
Additional proxy soliciting materials
24 Apr 20
DEFA14A
Additional proxy soliciting materials
26 Mar 20
DEFA14A
Additional proxy soliciting materials
27 Mar 19
DEF 14A
Definitive proxy
27 Mar 19
Other
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
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
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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