Gray Media will announce its Q4 2024 earnings on February 27, 2025, with a conference call at 11:00 a.m. ET.
Quiver AI Summary
Gray Media, Inc. announced that it will release its earnings results for the quarter ending December 31, 2024, on February 27, 2025, followed by a conference call at 11:00 a.m. Eastern Time. Participants can join the call via a dedicated dial-in number or access a live webcast on Gray Media's website, with a replay option available for a month afterward. Gray Media is a leading multimedia company based in Atlanta, owning a significant number of local television stations and digital assets across the U.S., reaching around 36% of television households. The company also provides digital marketing services through Gray Digital Media and has various media properties, including production companies and studios. More information can be found on their website.
Potential Positives
- Gray Media is scheduled to release its earnings results for Q4 2024, indicating transparency and commitment to informing stakeholders about its financial performance.
- The company will host a conference call to discuss the operating results, providing an opportunity for investors and analysts to engage directly with management.
- Gray Media continues to hold the position of the nation’s largest owner of top-rated local television stations, reflecting its strong market presence and competitive advantage.
- The company boasts a significant reach in U.S. television households and a robust portfolio that includes a leading Telemundo Affiliate group, highlighting its strength in diverse market segments.
Potential Negatives
- The announcement of the earnings release date might indicate that the company has not yet provided any preliminary insights or guidance on expected performance, which could signal potential underlying issues in their financial health.
- Gray Media's ownership of the largest Telemundo Affiliate group may position the company heavily in the Hispanic television market, which could expose it to higher volatility if this demographic faces economic challenges.
- The lack of immediate financial results or forecasts in the release may lead to investor uncertainty and affect stock performance leading up to the earnings call.
FAQ
When will Gray Media release its earnings results?
Gray Media will release its earnings results for the quarter ended December 31, 2024, on February 27, 2025.
What time is the earnings conference call scheduled?
The earnings conference call is scheduled for 11:00 a.m. Eastern Time on February 27, 2025.
How can I listen to the conference call?
You can listen to the conference call by dialing 1-800-285-6670 or via live webcast at www.graymedia.com.
Is there a replay available for the conference call?
Yes, a taped replay of the conference call will be available at 1-888-556-3470 until March 27, 2025.
What does Gray Media, Inc. specialize in?
Gray Media is the nation's largest owner of local television stations and digital assets, serving 113 television markets across the U.S.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GTN Insider Trading Activity
$GTN insiders have traded $GTN stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $GTN stock by insiders over the last 6 months:
- KEVIN PAUL LATEK (EVP Chief L & D Officer) has made 0 purchases and 2 sales selling 155,124 shares for an estimated $677,891.
- PAUL MCTEAR sold 17,780 shares for an estimated $67,019
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$GTN Hedge Fund Activity
We have seen 99 institutional investors add shares of $GTN stock to their portfolio, and 106 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DARSANA CAPITAL PARTNERS LP removed 4,092,063 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $21,933,457
- UBS GROUP AG removed 2,736,879 shares (-92.1%) from their portfolio in Q3 2024, for an estimated $14,669,671
- TRIBUTARY CAPITAL MANAGEMENT, LLC removed 1,334,714 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $7,154,067
- CAPITAL MANAGEMENT CORP /VA added 1,170,990 shares (+27.6%) to their portfolio in Q3 2024, for an estimated $6,276,506
- MORGAN STANLEY removed 1,070,022 shares (-23.2%) from their portfolio in Q3 2024, for an estimated $5,735,317
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND removed 730,400 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $3,914,944
- BRIDGEWAY CAPITAL MANAGEMENT, LLC added 694,895 shares (+103.3%) to their portfolio in Q3 2024, for an estimated $3,724,637
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
ATLANTA, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (NYSE: GTN) today announced that it will release its earnings results for the quarter ended December 31, 2024 on Thursday, February 27, 2025.
Earnings Conference Call Information
Gray Media will host a conference call to discuss its operating results for the quarter ended December 31, 2024 on Thursday, February 27, 2025. The call will begin at 11:00 a.m. Eastern Time. The live dial-in number is 1-800-285-6670. The call will be webcast live and available for replay at www.graymedia.com . The taped replay of the conference call will be available at 1-888-556-3470 Passcode: 898476# until March 27, 2025.
About Gray Media:
Gray Media, Inc. (NYSE: GTN), is a multimedia company headquartered in Atlanta, Georgia. The company is the nation’s largest owner of top-rated local television stations and digital assets serving 113 television markets that collectively reach approximately 36 percent of US television households. The portfolio includes 77 markets with the top-rated television station and 100 markets with the first and/or second highest rated television station, as well as the largest Telemundo Affiliate group with 43 markets totaling nearly 1.5 million Hispanic TV Households. The company also owns Gray Digital Media, a full-service digital agency offering national and local clients digital marketing strategies with the most advanced digital products and services. Gray’s additional media properties include video production companies Raycom Sports, Tupelo Media Group, and PowerNation Studios, and studio production facilities Assembly Atlanta and Third Rail Studios. Gray owns a majority interest in Swirl Films. For more information, please visit www.graymedia.com .
Gray Contacts:
Jeffrey R. Gignac, Executive Vice President, Chief Financial Officer, 404-504-9828
Kevin P. Latek, Executive Vice President, Chief Legal and Development Officer, 404-266-8333