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ATLANTA, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Gray Media (NYSE: GTN) today announced comprehensive coverage plans for the 2024 Democratic National Convention.
Gray Television is the second-largest local television broadcaster in the US, with stations in 114 markets. Gray Television's stock price plunged after mixed second-quarter results, but the company still has potential for growth. GTN is expected to benefit from a surge in political advertising revenue for the 2024 general election. Every dollar of debt paid off should translate into accretion for equity holders.
Gray Television (GTN) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to loss of $0.10 per share a year ago.
ATLANTA, Aug. 08, 2024 (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 Class A common stock. The dividend is payable on September 30, 2024, to shareholders of record at the close of business on September 13, 2024.
ATLANTA, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray Media,” “Gray,” “we,” “us” or “our”) (NYSE: GTN) today announced financial results for the second quarter ended June 30, 2024, including total revenue of $826 million and total operating expenses (before depreciation, amortization and loss on disposal of assets) of $607 million. While we are overall pleased with our results in the second quarter, macro-economic and other factors largely beyond our control appear likely to result in somewhat lower revenues for the year than we previously anticipated.
Gray Television's (GTN) second-quarter performance is expected to have benefited from the steady demand for sporting events and increasing core advertising revenues.
Gray Television (GTN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Contact: Robby ThomasVice President & General ManagerWIS 10 – wistv.com(803) 799-1010 – robby.thomas@wistv.com
In the latest trading session, Gray Television (GTN) closed at $6.45, marking a -0.77% move from the previous day.
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