Ultime notizie per Gray Television (NYSE:GTN) Azioni

Gray Television

Gray Television Inc is a television broadcast company. The company is engaged in owning and operating television stations. It also owns video program production, marketing, and digital business. It has two segments namely, Broadcasting and Production companies. Majority of the revenue is generated from the broadcasting segment which operates television stations in local markets in the United States.

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Gray Television Inc

Gray Television, Inc. CLass A Common Stock

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GTN LTD by GTN LTD.

Gray Media (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) and the Chicago Sports Network (CHSN) announced that Gray's television stations in Rockford, Ill., and South Bend, Ind., will carry the Chicago Sports Network starting next month.&nbsp;&nbsp;
This arrangement will bring Chicago Bulls, Blackhawks, and White Sox games and other related content free, over-the-air to more than 500,000 households in the two markets.
In Rockford, CHSN will air on WSLN channel 19.3, with overflow on channel 19.4. In South Bend, CHSN will air on WNDU channel 16.2, with overflow on channel 16.4. The overflow channels will allow the stations to air two games simultaneously in the event of schedule conflicts.&nbsp;
CHSN's broadcast schedule will include locally broadcast regular season games, select pre-season games, and select coverage of playoff matchups. In addition to live game broadcasts, the network will provide first-class pre- and post-game shows, in-depth commentary from seasoned sports analysts, and 24/7 multisport programming.&nbsp;&nbsp;
CHSN will broadcast from state-of-the-art studios in Chicago's United Center and Guaranteed Rate Field.

News

Gray Media And The Chicago Sports Network To Bring Bulls, Blackhawks, And White Sox Games Free To Viewers In Rockford, IL And South Bend, IN

Pelicans And Gray Media Join Forces For Expanded Game Coverage Across Gulf Coast With New Broadcast Network

Missouri Valley Conference And Gray Media Announce Multi-Year Partnership To Produce And Distribute MVC Basketball Games Starting In 2024-25, Covering 22 Gray Media Markets Across Six States And Additional Markets Through Third-Party Broadcast Partners

Guggenheim analyst Curry Baker maintains Gray Television (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) with a Buy and lowers the price target from $12 to $10.

Price Target

Analyst Ratings

Guggenheim Maintains Buy on Gray Television, Lowers Price Target to $10

Benchmark analyst Daniel Kurnos maintains Gray Television (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) with a Buy and lowers the price target from $13 to $11.

Benchmark Maintains Buy on Gray Television, Lowers Price Target to $11

Wells Fargo analyst Steven Cahall maintains Gray Television (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) with a Underweight and lowers the price target from $6 to $4.

Wells Fargo Maintains Underweight on Gray Television, Lowers Price Target to $4

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Gray Television shares are trading lower after the company reported worse-than-expected Q2 financial results and revised its FY24 core advertising revenue guidance.

Guidance

Gray Television Sees FY24 Core Advertising Revenues ~$1.525B, Down From Prior Guidance Of $1.6B

Gray Television (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) reported quarterly earnings of $0.09 per share which missed the analyst consensus estimate of $0.10 by 10 percent. The company reported quarterly sales of $826.000 million which missed the analyst consensus estimate of $835.483 million by 1.14 percent. This is a 1.60 percent increase over sales of $813.000 million the same period last year.

Earnings

Earnings Misses

Gray Television Q2 2024 GAAP EPS $0.09 Misses $0.10 Estimate, Sales $826.000M Miss $835.483M Estimate

Gray Television (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gtn#NYSE">GTN</a>) is set to report second-quarter 2024 results on Aug 8.
For the second quarter, GTN expects revenues between $828 million and $846 million. The Zacks Consensus Estimate for revenues is currently pegged at $834 million, suggesting an increase of 2.58% from the figure reported in the year-ago quarter.
The consensus mark for second-quarter earnings per share has remained unchanged at 10 cents in the past 30 days, indicating an increase of 200% from the year-ago quarter&#39;s reported figure.
Gray Television&#39;s earnings beat the Zacks Consensus Estimate twice in the last four quarters and missed the other two occasions, delivering an average negative surprise of 3.16%.
Let&#39;s see how things have shaped up for this announcement.
<div class="chart_embed">
<h3>Gray Television, Inc. Price and EPS Surprise</h3>
<img alt="Gray Television, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/c5/1722941493.png" style="height:307px; width:620px" title="" />
Gray Television, Inc. price-eps-surprise | Gray Television, Inc. Quote
</div>
<h3>Factors to Consider</h3>
Gray Television&#39;s second-quarter performance is expected to have reflected steady demand for the popular sporting events on its stations, from the Super Bowl to local packages of NBA games.
In the first quarter, core advertising revenues increased 4% year over year and accounted for 45% of total net revenues.
Moreover, in the first quarter of 2024, GTN earned approximately $18 million of net revenues from the broadcast of the Super Bowl compared with an aggregate of $6 million of net revenues related to the broadcast of the Super Bowl on its 27 FOX channels during the first quarter of 2023.
The growing popularity of Gray Television&#39;s channels and upcoming events like Summer Baseball and its partnership with InvestigateTV+ are likely to have aided GTN&#39;s top-line growth in the to-be-reported quarter.
However, during the first quarter of 2024, GTN did not make any material income tax payments. During the remainder of 2024, the company anticipates income tax payments in the range of $195-$215 million.
The company has been witnessing increased operating expenses in station expenses. The rising expenses are likely to have kept margins under pressure in the to-be-reported quarter.
<h3>What Our Model Says</h3>
According to the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that&#39;s not the case here.
GTN has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell) at present.
<h3>Stocks to Consider</h3>
Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this season.
Shopify&nbsp;has an Earnings ESP of +7.78% and a Zacks Rank #2 at present.
Shopify&#39;s shares have plunged 32.9% year to date. SHOP is set to report its second-quarter 2024 results on Aug 7.
DigitalOcean&nbsp;has an Earnings ESP of +2.19% and flaunts a Zacks Rank of 1 at present.
DigitalOcean&#39;s shares have lost 25.7% year to date. DOCN is set to report its second-quarter 2024 results on Aug 8.
MKSI&nbsp;has an Earnings ESP of +7.28% and sports a Zacks Rank #1 at present.
MKSI&#39;s shares have gained 2% year to date. MKSI is set to report second-quarter 2024 results on Aug 7.
<a href="https://www.zacks.com/stock/news/2317142/gray-television-gtn-to-report-q2-earnings-what-s-in-store?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2317142">To read this article on Zacks.com click here.</a>

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Gray Television to Report Q2 Earnings: What's in Store?

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Shares of stocks in the broader communication services sector are trading lower as stocks sell off amid concerns over the US economy.

As polling and betting markets peg the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential race</a> between Kamala Harris and Donald Trump as a dead heat, billions will <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/01/36853421/largest-pac-advertising-blitz-in-us-history-which-2024-presidential-candidate-companies-">likely be spent on advertising</a>.
<a href="https://www.bloomberg.com/news/articles/2024-07-30/trump-harris-ad-buys-focus-on-five-states-in-revamped-2024-race">According</a> to Bloomberg, Harris and Trump have collectively booked $122 million in advertising time through the end of August, with 98% of the spending focused on just five swing states:
<ul>
<li>Pennsylvania —&nbsp;19 electoral votes.</li>
<li>Michigan — 15 electoral votes.</li>
<li>Wisconsin — 10 electoral votes.</li>
<li>Georgia — 16 electoral votes.</li>
<li>Arizona — 11 electoral votes.</li>
</ul>
New <a href="https://www.benzinga.com/general/politics/24/07/39973800/trump-vs-harris-vice-president-gains-ground-lost-by-joe-biden-in-swing-states">swing state polling</a> shows Harris gaining major ground on Trump; the election is very much up in the air with just over three months to go.
Most of the $122 million in advertising will likely go to television commercials, the most popular networks include:
<ul>
<li>CBS, owned by Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>).</li>
<li>Fox and Fox News, owned by Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>).</li>
<li>ABC and ESPN, owned by Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>).</li>
<li>NBC and MSNBC, owned by Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>).</li>
<li>CNN and TBS, owned by Warner Bros Discovery Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>).</li>
</ul>
The following are the largest publicly traded local TV conglomerates:
<ul>
<li>Gray Television, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>)</li>
<li>Sinclair Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>)</li>
<li>Nexstar Media Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>)</li>
</ul>
The 2024 election is <a href="https://www.benzinga.com/markets/penny-stocks/23/09/34584125/political-ad-spending-in-2024-election-to-smash-records-projected-totals-stocks-to-watch">projected to eclipse $10 billion</a> in advertising, with $2.7 billion dedicated to the presidential race.
Social media advertising has also become more popular in recent years — according to a post on X, the Harris campaign spent $28.6 million on Facebook and Instagram, owned by Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), along with Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google and YouTube. Meanwhile, Trump spent $1.4 million.
Trump&#8217;s campaign has possibly instead turned digital advertising efforts to Elon Musk&#8216;s X. Musk endorsed Trump for president on July 13.
According to the FEC, the Biden (now Harris) campaign had over $95 million in cash on hand at the end of June. Trump had $128 million. Harris <a href="https://www.benzinga.com/news/24/07/40024472/kamala-harris-raises-200m-in-a-week-66-of-that-money-is-from-donors-reveals-campaign-manager-a-peopl">reportedly raised $200 million</a> shortly after entering the race in late July.
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Photo: Shutterstock

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Harris, Trump's $122M August Ad Blitz Targets 5 Swing States: Which Companies Will Benefit?

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During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>. 
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.
<h3 class="wp-block-heading">Sinclair, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>)</h3>
<ul>
<li>Dividend Yield: 7.51%</li>
<li>Wells Fargo analyst Steven Cahall maintained an Underweight rating and raised the price target from $12 to $13 on March 1. This analyst has an accuracy rate of 64%.</li>
<li>Rosenblatt analyst Barton Crockett maintained a Neutral rating and increased the price target from $10.4 to $15.7 on Jan. 18. This analyst has an accuracy rate of 65%.</li>
<li>Recent News: On June 24, Jerald &#8220;Jerry&#8221; Fritz, Executive Vice President for Strategic and Legal Affairs at ONE Media Technologies, LLC, a subsidiary of Sinclair, Inc., announced his retirement.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070924&amp;t=be2bearmibe3na1">Benzinga Pro's real-time newsfeed</a> alerted to latest Sinclair's news</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="674" height="719" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050536/Screenshot-2024-07-09-at-2.35.30-PM.png" alt="" class="wp-image-425769" style="width:448px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050536/Screenshot-2024-07-09-at-2.35.30-PM.png 674w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050536/Screenshot-2024-07-09-at-2.35.30-PM-281x300.png 281w" sizes="(max-width: 674px) 100vw, 674px" /></a></figure>
<h3 class="wp-block-heading">Gray Television, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>)</h3>
<ul>
<li>Dividend Yield: 6.96%</li>
<li>Benchmark analyst Daniel Kurnos maintained a Buy rating and raised the price target from $11 to $13 on May 8. This analyst has an accuracy rate of 72%.</li>
<li>Wells Fargo analyst Steven Cahall maintained an Underweight rating and increased the price target from $5.5 to $6 on May 8. This analyst has an accuracy rate of 64%.</li>
<li>Recent News: Gray Television said it will release its earnings results for the quarter ended, June 30, 2024 on Thursday, Aug. 8, 2024.</li>
<li>Benzinga Pro's charting tool helped <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070924&amp;t=be2bearmibe3na1">identify the trend in GTN's stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="683" height="755" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050616/Screenshot-2024-07-09-at-2.36.10-PM.png" alt="" class="wp-image-425770" style="width:403px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050616/Screenshot-2024-07-09-at-2.36.10-PM.png 683w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050616/Screenshot-2024-07-09-at-2.36.10-PM-271x300.png 271w" sizes="(max-width: 683px) 100vw, 683px" /></a></figure>
<h3 class="wp-block-heading">Cogent Communications Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>)</h3>
<ul>
<li>Dividend Yield: 6.83%</li>
<li>Keybanc analyst Josh Beck maintained an Overweight rating and cut the price target from $88 to $80 on May 10. This analyst has an accuracy rate of 76%.</li>
<li>B of A Securities analyst David Barden downgraded the stock from Buy to Neutral and slashed the price target from $85 to $75 on March 7. This analyst has an accuracy rate of 67%.</li>
<li>Recent News: On May 9, Cogent Communications raised its quarterly dividend from 96.5 cents to 97.5 cents per share.</li>
<li>Benzinga Pro's signals feature notified of a potential <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070924&amp;t=be2bearmibe3na1">breakout in CCOI&#8217;s shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="664" height="700" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050807/Screenshot-2024-07-09-at-2.38.01-PM.png" alt="" class="wp-image-425776" style="width:439px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050807/Screenshot-2024-07-09-at-2.38.01-PM.png 664w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050807/Screenshot-2024-07-09-at-2.38.01-PM-285x300.png 285w" sizes="(max-width: 664px) 100vw, 664px" /></a></figure>
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Dividends

Pre-Market Outlook

CCOI

Wall Street's Most Accurate Analysts Weigh In On 3 Tech And Telecom Stocks With Over 6% Dividend Yields

<h3>Gainers</h3>
<ul>
<li>Lytus Technologies Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYT#NASDAQ">LYT</a>) shares moved upwards by 6.3% to $2.85 during Friday's after-market session. The company's market cap stands at $4.4 million. </li>
<li>E W Scripps (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSP#NASDAQ">SSP</a>) shares increased by 4.68% to $2.57. The market value of their outstanding shares is at $219.4 million. </li>
<li>Urban One (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UONE#NASDAQ">UONE</a>) stock increased by 4.45% to $2.11. The company's market cap stands at $103.1 million. </li>
<li>Asset Entities (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) stock moved upwards by 4.36% to $0.45. The market value of their outstanding shares is at $6.7 million. </li>
<li>AMC Enter Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) shares rose 3.09% to $4.99. The market value of their outstanding shares is at $1.4 billion. </li>
<li>Gray Television (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) stock increased by 2.83% to $5.8. The market value of their outstanding shares is at $574.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>VS Media Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSME#NASDAQ">VSME</a>) shares fell 5.6% to $0.33 during Friday's after-market session. The company's market cap stands at $7.2 million. </li>
<li>GD Culture Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDC#NASDAQ">GDC</a>) stock declined by 5.01% to $0.95. The market value of their outstanding shares is at $7.5 million. As per the press release, Q1 earnings came out 4 days ago. </li>
<li>Grom Social Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GROM#NASDAQ">GROM</a>) shares decreased by 3.7% to $0.5. The market value of their outstanding shares is at $4.4 million. As per the news, the Q1 earnings report came out 4 days ago. </li>
<li>Chicken Soup for the Soul (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSE#NASDAQ">CSSE</a>) shares declined by 2.81% to $0.3. The company's market cap stands at $9.7 million. As per the press release, Q1 earnings came out 4 days ago. </li>
<li>Onfolio Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONFO#NASDAQ">ONFO</a>) shares fell 2.62% to $0.95. The market value of their outstanding shares is at $4.8 million. As per the news, the Q1 earnings report came out 3 days ago. </li>
<li>Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) shares declined by 2.38% to $92.5. The market value of their outstanding shares is at $45.2 billion. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Communication Services Stocks Moving In Friday's After-Market Session

Gray Television, Inc. ("Gray," "we," "us" or "our") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) announced today that it intends to offer up to $1 billion aggregate principal amount of senior secured first lien notes due 2029, subject to market conditions. The offering will be exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). &nbsp;
In connection with the offering of notes, Gray expects to (i) incur up to $750 million of a new tranche F term loan with a maturity date in 2029, (ii) increase the aggregate commitments under its existing $625 million revolving credit facility by $55 million, resulting in aggregate commitments under the revolving credit facility of $680 million and (iii) terminate commitments under a $72.5 million tranche of the revolving credit facility maturing in 2026 (collectively, the "Credit Agreement Refinancing"). The closing of this offering of notes is conditioned on the closing of the Credit Agreement Refinancing, and the closing of the Credit Agreement Refinancing is conditioned on the closing of this offering. The completion of the Credit Agreement Refinancing is subject to market and other conditions and there can be no assurance as to whether or when the Credit Agreement Refinancing may be completed, if at all.

Offerings

Gray Television Earlier Announced It Intends To Offer Up To $1B Aggregate Principal Amount Of Senior Secured First Lien Notes Due 2029

Gray Television, Inc. ("Gray," the "Company," "we," or "our") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>)&nbsp;announced today the commencement of a refinancing process for its existing $1.15 billion term loan due 2026 and up to $450 million of its 5.875% senior notes due 2026, with the goal of extending a significant portion of its near-term debt maturities.&nbsp;&nbsp; Overall, the Company is targeting refinancing that outstanding debt with approximately $750 million of new senior secured term loans maturing in 2029 and approximately $750 million of additional senior secured debt, together with cash on hand and borrowings of approximately $100 million under its revolving credit facility due 2027. &nbsp;
In addition, Gray announced that it has received commitments to increase its revolving credit facility maturing on December 31, 2027, from $552.5 million to $680 million. Upon closing of this upsized revolver, Gray intends to terminate a separate $72.5 million revolving credit facility maturing on December 1, 2026. Upon completion of these latest revolver transactions, and in combination with the February 2024 upsizing and extension of its revolver, Gray will have increased its total capacity under, and extended, its revolver from $500 million with varying maturity dates in 2026, to $680 million with a maturity date of December 31, 2027, reflecting strong support from our banking partners.
The terms of the proposed refinancing transactions will be disclosed upon completion of the transactions. The proposed refinancings will be subject to market and customary closing conditions, and no assurance can be provided about the timing, terms, or interest rate associated with the planned refinancing, or that the refinancing transactions will be completed.

Financing

Gray Television Commences Proposed $1.6B Refinancing Process And Announces Further Increase To Its Revolving Credit Facility From $552.5M To $680M

Benchmark analyst Daniel Kurnos maintains Gray Television (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) with a Buy and raises the price target from $11 to $13.

Benchmark Maintains Buy on Gray Television, Raises Price Target to $13

Wells Fargo analyst Steven Cahall maintains Gray Television (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) with a Underweight and raises the price target from $5.5 to $6.

Wells Fargo Maintains Underweight on Gray Television, Raises Price Target to $6

Gray Television, Inc. (GTN) Q2 2024 Earnings Call Transcript

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Gray Media partners with the New Orleans Pelicans

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Gray Media (GTN) announced comprehensive election night coverage plans on Local News Live, its 24/7 news network. Starting at 7 p.m. EST on Novembe...

Gray Media announces election night coverage plans on Local News Live

TMUS

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