Sector: Consumer Cyclicals | Industry: Broadcasting |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 4370 Peachtree Rd NE ATLANTA GA 30319-3054 |
Tel: | N/A |
Website: | https://gray.tv |
IR: | See website |
Key People | ||
Hilton H. Howell Executive Chairman of the Board, Chief Executive Officer | Donald Patrick Laplatney President, Co-Chief Executive Officer, Director | James C. Ryan Chief Financial Officer, Executive Vice President |
Sandra Breland Chief Operating Officer, Executive Vice President | Jeff Gignac Executive Vice President - Finance | Kevin P. Latek Executive Vice President, Chief Legal and Development Officer, Secretary |
Business Overview |
Gray Television, Inc. is a multimedia company that owns local television stations and digital assets in the United States. The Company operates through two segments: broadcasting and production companies. The broadcasting segment operates television stations in local markets in the United States. The production companies segment includes the production of television and event content. It serves approximately 113 television markets in the United States. Its portfolio includes approximately 79 markets with the top-rated television station and 102 markets with the first and/or second rated television station. It also owns video program companies Raycom Sports, Tupelo Media Group, PowerNation Studios, as well as the studio production facilities Assembly Atlanta and Third Rail Studios. Its network affiliations include the Big Four networks and many smaller networks. Its stations also provide content through digital platforms, including a local station Website and one or more digital apps. |
Financial Overview |
For the fiscal year ended 31 December 2023, Gray Television, Inc. revenues decreased 11% to $3.28B. Net loss applicable to common stockholders totaled $128M vs. income of $403M. Revenues reflect Broadcasting segment decrease of 11% to $3.2B, Production Companies segment decrease of 8% to $86M. Net loss reflects Broadcasting segment income decrease of 73% to $587M, Other segment loss totaling $116M vs. income of $104M. |
Employees: | 9,374 as of Feb 16, 2024 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $7,399M as of Dec 31, 2023 |
Annual revenue (TTM): | $3,281M as of Dec 31, 2023 |
EBITDA (TTM): | $823.00M as of Dec 31, 2023 |
Net annual income (TTM): | -$128.00M as of Dec 31, 2023 |
Free cash flow (TTM): | $218.00M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $6,139M as of Dec 31, 2023 |
Shares outstanding: | 99,268,545 as of Mar 8, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |