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Last $9.60 USD
Change Today 0.00 / 0.00%
Volume 0.0
GTN/A On Other Exchanges
Symbol
Exchange
New York
New York
Frankfurt
As of 8:04 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

gray television inc-a (GTN/A) Snapshot

Open
$9.88
Previous Close
$9.60
Day High
$9.88
Day Low
$9.60
52 Week High
08/3/15 - $15.40
52 Week Low
10/13/14 - $5.79
Market Cap
793.1M
Average Volume 10 Days
1.7K
EPS TTM
$1.04
Shares Outstanding
6.2M
EX-Date
03/16/09
P/E TM
9.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for GRAY TELEVISION INC-A (GTN/A)

gray television inc-a (GTN/A) Related Businessweek News

No Related Businessweek News Found

gray television inc-a (GTN/A) Details

Gray Television, Inc., a television broadcast company, owns and/or operates television stations and digital assets in the United States. The company owns and operates television stations in 44 television markets broadcasting 140 program streams comprising 76 affiliates of the Big Four networks, such as ABC, CBS, NBC, and FOX. Its stations include 26 channels affiliated with the CBS Network, 24 channels affiliated with the NBC Network, 16 channels affiliated with the ABC Network, and 10 channels affiliated with the FOX Network. The company was formerly known as Gray Communications Systems, Inc. and changed its name to Gray Television, Inc. in August 2002. Gray Television, Inc. was founded in 1897 and is headquartered in Atlanta, Georgia.

2,717 Employees
Last Reported Date: 03/5/15
Founded in 1897

gray television inc-a (GTN/A) Top Compensated Officers

Vice Chairman, Chief Executive Officer, Presi...
Total Annual Compensation: $1.5M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $700.0K
Senior Vice President of Business Affairs, Ge...
Total Annual Compensation: $800.0K
Compensation as of Fiscal Year 2014.

gray television inc-a (GTN/A) Key Developments

Gray Television Mulls Acquisitions

Gray Television, Inc. (NYSE:GTN) is seeking acquisitions. Gray Television said, “Strategically, the transaction reinforces Gray's transformative growth strategy as we continue to acquire high-quality assets in attractive markets with the same culture, values and record of success as our existing television stations.”

Gray Television, Inc. Announces Executive Appointments

Gray Television, Inc. announced that it has notified Katz Media Group and CoxReps of its decision to terminate essentially all of its national advertising sales representation agreements with those firms. Gray has hired Becky Meyer, formerly the Vice President of Sales for Katz Media Group's Continental Television Sales division in Chicago, to lead its national sales efforts as its new Vice President of National Sales. In addition, Gray has hired Mike Jones, as Gray's new National Director of Political Sales. Mr. Jones formerly represented scores of television stations in national political advertising sales, including many of Gray's stations, as a Vice President with Continental.

Gray Television Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Revenue Guidance for the Third Quarter of 2015

Gray Television Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue (less agency commissions) of $143,464,000 against $107,249,000 a year ago. Operating income was $38,758,000 against $23,186,000 a year ago. Income before income tax was $20,238,000 against $2,467,000 a year ago. Net income was $12,110,000 or $0.17 diluted and basic per share against $1,591,000 or $0.03 diluted and basic per share a year ago. For the six months, the company reported revenue (less agency commissions) of $276,767,000 against $198,546,000 a year ago. Operating income was $66,816,000 against $40,596,000 a year ago. Income before income tax was $29,773,000 against $4,603,000 a year ago. Net income was $17,705,000 or $0.27 diluted and basic per share against $2,868,000 or $0.05 diluted and basic per share a year ago. Net cash provided by operating activities was $32,470,000 against $29,339,000 a year ago. Purchase of property and equipment was $5,547,000 against $6,654,000 a year ago. Based on current forecasts for the third quarter of 2015, total revenue will be between $142.0 million to $145.0 million, approximately equal to the third quarter of 2014.

 

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Industry Analysis

GTN/A

Industry Average

Valuation GTN/A Industry Range
Price/Earnings 10.7x
Price/Sales 1.3x
Price/Book 1.9x
Price/Cash Flow 6.6x
TEV/Sales NM Not Meaningful
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