ATLANTA, June 03, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray") (NYSE:GTN) announced today that the Radio Television Digital News Association (RTDNA) awarded a combined 78 regional Edward R. Murrow awards for excellence in journalism to 35 of Gray's local stations, led by nine separate awards to WVUE in New Orleans, Louisiana, and six to Hawaii News Now in Honolulu, Hawaii. Among the highest honors: Seven awards for Overall Excellence — the highest honor bestowed — to KTUU in Anchorage, Alaska; WA ...

Investors interested in Broadcast Radio and Television stocks are likely familiar with Gray Television (GTN) and Netflix (NFLX) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that t ...

Atlanta, June 03, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today that it has completed its previously announced offering of $1.25 billion aggregate principal amount of 10.500% senior secured first lien notes due 2029 (the “Notes”). The Notes were issued at par. The net proceeds from the Notes are being used, together with the net proceeds of up to $500 million of a new tranche F term loan and availability under its revolving credit facility, both under the Company’s Seni ...

ATLANTA, May 30, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray") (NYSE:GTN) today announced that Greg Connor will join Gray as the next General Manager of WRDW (CBS) and WAGT (NBC) in Augusta, Georgia, on June 3, 2024. He will succeed Mike Oates, who is retiring after 33 years at the stations, including the last 7 years as General Manager. Greg has more than 20 years of experience in the media business, most recently as the General Manager at WACH in Columbia, South Carolina. After starting his care ...

Investors seem apprehensive about the timing and extent of interest rate cuts by the Federal Reserve. In such an environment, value stocks can offer a safer and more reliable investment. Value investing is considered one of the best practices when it comes to picking stocks. It is essentially about selecting stocks that are fundamentally sound but have been beaten down by some external factors. Such stocks are poised to bounce back as and when investors recognize the inherent value of companies. Certainly, ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Gray Television (GTN) . Gray Television currently has an average ...

ATLANTA, May 23, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray") (NYSE:GTN) announced today the pricing of its previously announced private offering of $1.25 billion aggregate principal amount of 10.500% senior secured first lien notes due 2029 (the "Notes"). This represents an increase of $250 million over the amount previously announced. The Notes were priced at 100% of par. The offering of the Notes is expected to close on June 3, 2024, subject to customary closing conditions and the closing of t ...

ATLANTA, May 23, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today the pricing of its previously announced private offering of $1.25 billion aggregate principal amount of 10.500% senior secured first lien notes due 2029 (the “Notes”). This represents an increase of $250 million over the amount previously announced. The Notes were priced at 100% of par. The offering of the Notes is expected to close on June 3, 2024, subject to customary closing conditions and the closing of ...

The Zacks Broadcast Radio and Television industry has been grappling with an escalation in cord-cutting amid a surge in demand for streaming content. Industry players such as Netflix (NFLX) , Gray Television (GTN) and The E.W. Scripps Company (SSP) are reaping the benefits of a massive spike in digital content consumption. These companies are thriving due to their diverse content offerings, which include original, regional, and short-form content tailored for small screens like smartphones and tablets. Impr ...

Gray Television (GTN) closed the last trading session at $6.56, gaining 10.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $13.25 indicates a 102% upside potential. The mean estimate comprises four short-term price targets with a standard deviation of $5.74. While the lowest estimate of $6 indicates an 8.5% decline from the current price level, the most optimistic analyst expect ...