Gray Media (NYSE:GTN) Stock

Gray Television

Gray Media

Gray Media Inc is a multimedia company. The company owns and operates local television stations and digital assets. It also owns Gray Digital Media, a full-service digital agency offering national and local clients digital marketing strategies with digital products and services. Its 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 Media Inc

GlitzKoin

GTN LTD by GTN LTD.

Gray Media, WVUE (New Orleans, Fox 8) and the Saints have entered into a five-year extension to their long-standing broadcast partnership through the conclusion of the 2029 NFL season. The extension kicks off with all three 2025 preseason games starting August 10, when the Saints travel to Los Angeles to take on the Chargers.
Extending this agreement cements the bond among Gray Media, WVUE,&nbsp;and the Saints, re-enforcing&nbsp;their shared commitment to&nbsp;providing the community&nbsp;with unparalleled sports coverage and access&nbsp;to the region's biggest and most impactful teams.

News

Gray Media, WVUE And The Saints Enter Into 5-Yr Extension To Broadcast Partnership Through Conclusion Of 2029 NFL Season

On August 15, 2025, Gray Media's local television station WANF will end its 31-year affiliation with the CBS Network to begin a new chapter as an independent television station. Going forward, WANF will leverage its successful local news operation, complete control of its daily program schedule, and the resources of the locally based Gray Media to better serve the local community with on-air and online content throughout the day that is more responsive to the growing Atlanta metropolis.

Gray Media's Local Television Station WANF To End 31-Year Affiliation With CBS Network On August 15, 2025 To Begin As Independent Television Station

CBS, a subsidiary of Paramount Global, and Gray Media (&quot;Gray&quot;) announced today that they have entered into an agreement that renews 52 of Gray&#39;s existing 53 CBS network affiliations. As part of the agreement, the renewing CBS affiliates will continue to be available locally to subscribers on Paramount+ and widely distributed across all traditional and virtual MVPD platforms. Effective August 16, 2025, Gray&#39;s Atlanta station WANF will cease its affiliation with the CBS Network and thereafter operate an independent television station hyper-focused on the Atlanta market.

PARA

Paramount Global's CBS And Gray Media Renew Affiliation Agreements For 52 Of Gray's Existing 53 CBS Network Affiliations

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Gray Media shares are trading higher. Wells Fargo raised its price target on the stock from $4 to $4.5.

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Shares of companies within the broader communication services sector are trading higher amid overall market strength after the US and China agreed to a temporary reduction in most tariffs on each other's goods.

Wells Fargo analyst Steven Cahall maintains Gray Media (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) with a Equal-Weight and raises the price target from $4 to $4.5.

Price Target

Analyst Ratings

Wells Fargo Maintains Equal-Weight on Gray Media, Raises Price Target to $4.5

<h3>Gainers</h3>
<ul>
<li>Asset Entities (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) stock rose 147.8% to $8.4 during Thursday's regular session. The market value of their outstanding shares is at $114.6 million. </li>
<li>QMMM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMMM#NASDAQ">QMMM</a>) shares moved upwards by 40.2% to $1.02. The market value of their outstanding shares is at $17.5 million. </li>
<li>DHI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHX#NYSE">DHX</a>) stock increased by 29.41% to $1.76. The company's market cap stands at $84.9 million. The company's, Q1 earnings came out yesterday. </li>
<li>Bumble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMBL#NASDAQ">BMBL</a>) stock increased by 23.91% to $5.44. The market value of their outstanding shares is at $561.5 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>Anghami (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGH#NASDAQ">ANGH</a>) stock increased by 21.56% to $0.62. The company's market cap stands at $41.4 million. </li>
<li>Gray Media (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) shares rose 19.23% to $4.44. The company's market cap stands at $451.8 million. The company's, Q1 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Liberty Latin America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LILAK#NASDAQ">LILAK</a>) shares decreased by 22.4% to $4.32 during Thursday's regular session. The market value of their outstanding shares is at $854.7 million. The company's, Q1 earnings came out yesterday. </li>
<li>Liberty Latin America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LILA#NASDAQ">LILA</a>) stock declined by 21.91% to $4.29. The company's market cap stands at $850.7 million. The company's, Q1 earnings came out yesterday. </li>
<li>GCL Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCL#NASDAQ">GCL</a>) stock declined by 14.12% to $2.13. The market value of their outstanding shares is at $268.9 million. </li>
<li>Stagwell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STGW#NASDAQ">STGW</a>) shares decreased by 12.23% to $5.1. The market value of their outstanding shares is at $1.3 billion. The company's, Q1 earnings came out today. </li>
<li>QuinStreet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QNST#NASDAQ">QNST</a>) stock decreased by 10.32% to $16.39. The market value of their outstanding shares is at $925.8 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>GDEV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDEV#NASDAQ">GDEV</a>) shares declined by 9.92% to $15.09. The company's market cap stands at $273.2 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Communication Services Stocks Moving In Thursday's Intraday Session

Earnings

Earnings Beats

Gray Television Q1 EPS $(0.23) Beats $(0.45) Estimate, Sales $782.00M Beat $772.71M Estimate

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Earnings Scheduled For May 8, 2025

Benchmark analyst Daniel Kurnos maintains Gray Media (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) with a Buy and lowers the price target from $8 to $7.

Benchmark Maintains Buy on Gray Media, Lowers Price Target to $7

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Shares of companies within the broader communication services sector are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

Reported Earlier, Gray Media Secures Landmark FCC Waiver To Acquire KXLT-TV, Creating Rochester's First Top-Four Station Duopoly

Guggenheim analyst Curry Baker maintains Gray Media (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) with a Buy and lowers the price target from $8 to $7.

Guggenheim Maintains Buy on Gray Media, Lowers Price Target to $7

Wells Fargo analyst Steven Cahall upgrades Gray Media (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) from Underweight to Equal-Weight and maintains the price target from $4 to $4.

Upgrades

Wells Fargo Upgrades Gray Media to Equal-Weight, Maintains Price Target to $4

Despite macro-economic and geopolitical uncertainty entering 2025, the company is optimistic about the year as it realizes benefits from various internal initiatives, an improved regulatory environment for industry, and a more favorable capital markets environment.
Excluding Super Bowl and Leap Day, Core advertising revenue guide for the first quarter 2025 is down 3% to 5%.
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Guidance

Gray Media Currently Expects Q1 Core Advertising Revenue To Be Down Approximately 7% - 8% YoY, Due In Part To Super Bowl Airing On 33 Fox Channels In 2025 Vs. 54 CBS Channels In 2024

Gray Television (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) reported quarterly earnings of $1.59 per share which beat the analyst consensus estimate of $1.31 by 21.37 percent. This is a 762.5 percent increase over losses of $(0.24) per share from the same period last year. The company reported quarterly sales of $1.04 billion which met the analyst consensus estimate. This is a 20.95 percent increase over sales of $864.00 million the same period last year.

Gray Television Q4 2024 GAAP EPS $1.59 Beats $1.31 Estimate, Sales $1.045B Beat $1.038B Estimate

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