The Zacks Broadcast Radio and Television industry has been grappling with an escalation in cord-cutting amid a surge in demand for streaming content. Industry players such as Netflix (NFLX) , Gray Television (GTN) and The E.W. Scripps Company (SSP) are reaping the benefits of a massive spike in digital content consumption. These companies are thriving due to their diverse content offerings, which include original, regional, and short-form content tailored for small screens like smartphones and tablets. Impr ...

Gray Television (GTN) closed the last trading session at $6.56, gaining 10.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $13.25 indicates a 102% upside potential. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wonder ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ...

ATLANTA, May 20, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray," the "Company," "we," or "our") (NYSE: GTN) announced today the commencement of an offer to purchase for cash (the "Tender Offer"), subject to certain terms and conditions, any and all of its outstanding 5.875% Senior Notes due 2026 (the "Notes"). The Tender Offer is being made pursuant to the Offer to Purchase dated May 20, 2024 (the "Offer to Purchase"), which sets forth a more detailed description of the Tender Offer, including the t ...

ATLANTA, May 20, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray," the "Company," "we," or "our") (NYSE: GTN) announced today the commencement of an offer to purchase for cash (the "Tender Offer"), subject to certain terms and conditions, any and all of its outstanding 5.875% Senior Notes due 2026 (the "Notes"). The Tender Offer is being made pursuant to the Offer to Purchase dated May 20, 2024 (the "Offer to Purchase"), which sets forth a more detailed description of the Tender Offer, including the t ...

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"). T ...

ATLANTA, May 20, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray," "we," "us" or "our") (NYSE: GTN) 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"). 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 maturi ...

Investors interested in Broadcast Radio and Television stocks are likely familiar with Gray Television (GTN) and Netflix (NFLX) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our S ...

ATLANTA, May 15, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray," the "Company," "we," or "our") (NYSE:GTN) 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. Overall, the Company is targeting refinancing that outstanding debt with approximately $750 million of new senior secured term loans maturing in 2 ...

ATLANTA, May 13, 2024 (GLOBE NEWSWIRE) -- Gray Television Inc. ("Gray") (NYSE:GTN) is pleased to announce an agreement to bring select American Association of Professional Baseball (AAPB) games to free, over-the-air local television stations in multiple Midwestern markets and across three of Gray's local sports networks: Arizona Family Sports in Arizona, Peachtree Sports Network in Georgia, and Silver State Sports and Entertainment Network in Nevada. The AAPB is a Professional Partner League of Major League ...