Gray Media renews Fox network affiliations for 27 markets, reinforcing its position as a major local television owner.
Quiver AI Summary
Gray Media, Inc. announced an agreement with Fox Television Network to extend and renew affiliations for all of its Fox-affiliated television stations in 27 markets, including cities like Portland, Cincinnati, Las Vegas, and Birmingham. Gray Media, headquartered in Atlanta, is the largest owner of local television stations and digital assets in the U.S., serving 113 markets and reaching about 37% of U.S. television households. The company’s portfolio includes numerous top-rated television stations and the largest Telemundo affiliate group. Additionally, Gray Media operates Gray Digital Media, video production companies, and studio facilities. For more information, their website is www.graymedia.com.
Potential Positives
- Gray Media has secured a significant renewal of network affiliations with the Fox Television Network, ensuring continued collaboration and stability for its Fox affiliated television stations across 27 markets.
- This agreement reinforces Gray's position as a major player in the media landscape, maintaining a strong presence in key markets like Portland, Cincinnati, Las Vegas, and Birmingham.
- The renewal reflects Gray Media's ongoing commitment to providing top-rated content to its viewers, bolstering viewer trust and engagement in its broadcasting services.
- Gray Media's extensive reach, covering approximately 37 percent of US television households, is further solidified by this partnership, enhancing its advertising and revenue potential.
Potential Negatives
- None
FAQ
What is the recent agreement between Gray Media and Fox Television Network?
Gray Media has renewed network affiliations with Fox for all its Fox affiliated television stations across 27 markets.
How many markets does Gray Media serve?
Gray Media serves 113 television markets, reaching approximately 37 percent of US television households.
What are some key markets included in Gray Media's Fox affiliation?
Key markets include Portland, Cincinnati, Las Vegas, and Birmingham.
What other media properties does Gray Media own?
Gray Media owns video production companies, digital marketing services, and studio production facilities, including Raycom Sports and Assembly Atlanta.
How can I contact Gray Media for more information?
For inquiries, contact Kevin P. Latek, Executive Vice President, at 404-266-8333.
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 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $GTN stock by insiders over the last 6 months:
- RICHARD LEE BOGER sold 16,000 shares for an estimated $61,552
- JEFFREY R GIGNAC (Executive Vice President, CFO) purchased 12,500 shares for an estimated $46,000
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$GTN Hedge Fund Activity
We have seen 114 institutional investors add shares of $GTN stock to their portfolio, and 113 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC added 957,398 shares (+48.9%) to their portfolio in Q2 2025, for an estimated $4,337,012
- CITIGROUP INC added 804,845 shares (+960.8%) to their portfolio in Q2 2025, for an estimated $3,645,947
- NORGES BANK removed 688,900 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $3,120,717
- AQR CAPITAL MANAGEMENT LLC added 590,704 shares (+76.6%) to their portfolio in Q2 2025, for an estimated $2,675,889
- EXODUSPOINT CAPITAL MANAGEMENT, LP added 528,540 shares (+inf%) to their portfolio in Q2 2025, for an estimated $2,394,286
- VANGUARD GROUP INC added 513,864 shares (+9.8%) to their portfolio in Q2 2025, for an estimated $2,327,803
- CITADEL ADVISORS LLC added 501,594 shares (+69.3%) to their portfolio in Q2 2025, for an estimated $2,272,220
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$GTN Analyst Ratings
Wall Street analysts have issued reports on $GTN in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Guggenheim issued a "Buy" rating on 08/14/2025
- Benchmark issued a "Buy" rating on 08/11/2025
To track analyst ratings and price targets for $GTN, check out Quiver Quantitative's $GTN forecast page.
$GTN Price Targets
Multiple analysts have issued price targets for $GTN recently. We have seen 4 analysts offer price targets for $GTN in the last 6 months, with a median target of $6.75.
Here are some recent targets:
- Curry Baker from Guggenheim set a target price of $7.0 on 08/14/2025
- Daniel Kurnos from Benchmark set a target price of $9.0 on 08/11/2025
- Steven Cahall from Wells Fargo set a target price of $5.0 on 08/11/2025
- Patrick Sholl from Barrington Research set a target price of $6.5 on 08/11/2025
Full Release
ATLANTA, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray,” “we,” or “our”) (NYSE: GTN) has reached an agreement with the Fox Television Network that extends and renews the network affiliations for all of Gray’s Fox affiliated television stations across 27 markets, including Portland, Oregon; Cincinnati, Ohio; Las Vegas, Nevada; and Birmingham, Alabama.
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 37 percent of US television households. The portfolio includes 78 markets with the top-rated television station and 99 markets with the first and/or second highest rated television station during 2024, as well as the largest Telemundo Affiliate group with 44 markets. 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. For more information, please visit www.graymedia.com .
Gray Contact:
Kevin P. Latek , Executive Vice President, Chief Legal and Development Officer, 404-266-8333
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