|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||15.25 - 15.50|
|52 Week Range||9.50 - 15.75|
|PE Ratio (TTM)||5.18|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
As part of its company-wide shakeup, Gray Television is selling one of its CBS affiliates in southwest Georgia.
Demand for commercial airtime is particularly strong ahead of elections for one third of the U.S. Senate seats, and all 435 House of Representatives seats as well as positions such as state governorships, because U.S. President Donald Trump's Republican party is fighting to keep its majority in both houses of Congress while Democrats are battling to turn the tables. Politicians and their supporters from both political parties are looking to win voters with their stances on hot button issues such as gun control and abortion rights. "There's a lot of excitement and probably a lot of paranoia and a lot of fear, and those things drive political dollars," Kevin Latek, chief legal and development officer at Gray Television, told investors on Tuesday, according to a conference call transcript.
Media stocks have been in the headlines due to management shake-ups, merger battles, a changing regulatory environment and ongoing shifts in consumer trends. Under the consumer brands Virgin Media, Unitymedia, Telenet and UPC, the firm's digital platforms and next-generation networks connect 22 million customers subscribing to 46 million TV, broadband internet and telephone services. , Liberty Global will continue to be Europe's biggest multinational cable operator, with systems in United Kingdom, Ireland, Belgium, Switzerland, Poland and Slovakia.
Gray Television (GTN) delivered earnings and revenue surprises of 12.20% and -0.70%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
The Atlanta-based company said it had profit of 46 cents per share. The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings ...
Gray Television (NYSE: GTN ) announces its next round of earnings Tuesday. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement. Earnings and Revenue Wall Street analysts see ...
Gray Television (GTN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Here are four stocks in biotech, energy and media that are breaking out on news. Endocyte Inc.(ECYT) had a strong session Tuesday, up 81 cents, or 6%, to $14.45 on 1.4 million shares traded. The biopharmaceutical company, which on Monday was added to the Russell 3000 Index, announced that an image from its Phase 2 prostate cancer study was selected as “Image of the Year” by the Society of Nuclear Medicine and Molecular Imaging.
Gray Television Inc. has agreed to buy fellow television-station owner Raycom Media Inc. in a $3.65 billion deal that would create a company that reaches nearly a quarter of U.S. TV households. “Always good to see companies scale up as opposed to those that are still trying to figure it out,” said Mario Gabelli, a billionaire money manager and Gray shareholder, on a call with investors and analysts.
Moody's Investors Service, ("Moody's") has placed the ratings for Gray Television, Inc. under review for downgrade, including Gray's B1 corporate family rating (CFR), B1-PD probability of default rating, Ba1 senior secured revolving credit facility, Ba2 senior secured first lien term loan, and B2 senior unsecured notes. The Outlook was placed under review, from Stable.
ATLANTA (AP) — Gray Television Inc. and Raycom Media Inc. are announcing a merger that would create the third-largest television broadcast group in the United States.
Gray Television has agreed to purchase Raycom Media in a $3.6 billion transaction that makes the combined company much more competitive.
In this article I am going to calculate the intrinsic value of Gray Television Inc (NYSE:GTN) by taking the foreast future cash flows of the company and discounting them backRead More...
Among the companies with shares expected to trade actively in Monday's session are Nvidia, Harley-Davidson, General Electric, Apple and AT&T.
Gray Television Inc said on Monday it would buy privately held rival broadcaster Raycom Media Inc in a cash-and-stock deal valued at $3.65 billion, in a push to move into more local television markets and attract additional advertising. The deal comes at a time when the U.S. Federal Communications Commission is making it easier for media companies to buy TV stations in the same market, and for local stations to jointly sell advertising time. In November, the FCC voted to remove certain roadblocks to increased consolidation among media companies, potentially unleashing new deals among TV, radio and newspaper owners as they seek to better compete with online media.
Under the terms of the merger agreement, Gray will acquire Raycom for $3.647 billion in total proceeds.
TV station operator Gray Television Inc. (gtn) said Monday it reached a deal to buy employee-owned local media company Raycom Media Inc. in a deal valued at $3.65 billion, including $100 million of Raycom cash. The deal will consist of $2.85 billion in cash, $650 million in a new series of preferred stock and 11.5 million shares of Gray common stock.
Let's put Gray Television (GTN) stock into this equation and find out if it is a good choice for value-oriented investors right now.