Edition:
India

Gray Television Inc (GTN.N)

GTN.N on New York Stock Exchange

15.45USD
20 Jul 2018
Change (% chg)

$0.30 (+1.98%)
Prev Close
$15.15
Open
$15.20
Day's High
$15.45
Day's Low
$14.95
Volume
102,804
Avg. Vol
211,619
52-wk High
$17.80
52-wk Low
$10.70

Latest Key Developments (Source: Significant Developments)

Gray And Raycom To Combine In A $3.6 Bln Transaction
Monday, 25 Jun 2018 

June 25 (Reuters) - Gray Television Inc ::GRAY AND RAYCOM TO COMBINE IN A $3.6 BILLION TRANSACTION.GRAY TELEVISION INC - RAYCOM TRANSACTION WILL BE SUBSTANTIALLY ACCRETIVE ON A FREE CASH FLOW PER SHARE BASIS.GRAY TELEVISION- DEAL CONSIDERATION WILL CONSIST OF $2.85 BILLION IN CASH,$650 MILLION IN NEW SERIES OF PREFERRED STOCK, & 11.5 MILLION SHARES OF GRAY STOCK.GRAY TELEVISION INC - TRANSACTION HAS BEEN APPROVED UNANIMOUSLY BY BOARDS OF DIRECTORS OF BOTH GRAY AND RAYCOM.GRAY TELEVISION INC - DEAL VALUE CONSISTS OF $3.547 BILLION IN ENTERPRISE VALUE AND $100 MILLION OF RAYCOM CASH.GRAY TELEVISION INC - TRANSACTION HAS BEEN APPROVED UNANIMOUSLY BY BOARDS OF DIRECTORS OF BOTH GRAY AND RAYCOM.GRAY TELEVISION INC - WELLS FARGO HAS UNDERWRITTEN DEBT FINANCING PORTION OF TRANSACTION IN AMOUNT OF $2.525 BILLION.GRAY TELEVISION INC - GRAY SHAREHOLDERS WILL RETAIN 89 PERCENT OF ECONOMIC OWNERSHIP OF COMPANY FOLLOWING DEAL CLOSING.GRAY TELEVISION INC - RAYCOM HAS INITIATED PROCESSES TO SELL OR SPIN OFF COMMUNITY NEWSPAPER HOLDINGS, INC AS WELL AS PURECARS.GRAY TELEVISION - ELECTED TO DIVEST TELEVISION STATIONS IN 9 OVERLAP MARKETS RATHER THAN SEEK REGULATORY APPROVALS OF CERTAIN COMBINATIONS IN CERTAIN MARKETS.GRAY TELEVISION INC - UPON DEAL CLOSE, RAYCOM PRESIDENT AND CEO, PAT LAPLATNEY, WILL BECOME GRAY'S PRESIDENT AND CO-CHIEF EXECUTIVE OFFICER.GRAY TELEVISION INC - UPON DEAL CLOSE, HILTON HOWELL WILL BECOME EXECUTIVE CHAIRMAN AND CO-CHIEF EXECUTIVE OFFICER OF GRAY.  Full Article

Gray Agrees To Acquire Kdlt-TV For $32.5 Million In Cash
Wednesday, 2 May 2018 

May 1 (Reuters) - Gray Television Inc ::GRAY AGREES TO ACQUIRE KDLT-TV IN SIOUX FALLS, SOUTH DAKOTA.GRAY TELEVISION INC - DEAL FOR $32.5 MILLION IN CASH.GRAY TELEVISION INC - GRAY ANTICIPATES THAT ACQUISITION WILL BE IMMEDIATELY FREE CASH FLOW ACCRETIVE.GRAY TELEVISION INC - GRAY PLANS TO FINANCE TRANSACTION WITH CASH ON HAND.GRAY TELEVISION - REACHED AGREEMENT WITH RED RIVER BROADCASTING CO TO ACQUIRE KDLT-TV, NBC AFFILIATE FOR SIOUX FALLS.  Full Article

Gray Television prices public offering of common stock
Thursday, 30 Nov 2017 

Nov 29 (Reuters) - Gray Television Inc ::GRAY TELEVISION PRICES PUBLIC OFFERING OF COMMON STOCK.‍PRICED PREVIOUSLY ANNOUNCED UNDERWRITTEN PUBLIC OFFERING OF 15 MILLION SHARES OF ITS COMMON STOCK, AT $14.50 PER SHARE​.  Full Article

Gray Television Announces Proposed Offering Of Its Common Stock
Tuesday, 28 Nov 2017 

Nov 27 (Reuters) - Gray Television Inc ::GRAY TELEVISION ANNOUNCES PROPOSED OFFERING OF ITS COMMON STOCK.GRAY TELEVISION INC - ‍COMMENCED AN UNDERWRITTEN PUBLIC OFFERING, SUBJECT TO MARKET AND OTHER CONDITIONS, OF 15 MILLION SHARES OF ITS COMMON STOCK​.GRAY TELEVISION - ‍ EXPECT TO PLACE PROCEEDS TO PURCHASE ADDITIONAL SHARES, IN CORPORATE TREASURY FOR GENERAL CORPORATE PURPOSES​.  Full Article

‍Darsana Capital Partners reports a 6.29 pct passive stake in Gray Television ​
Tuesday, 14 Nov 2017 

Nov 13 (Reuters) - Gray Television Inc :‍Darsana Capital Partners reports a 6.29 pct passive stake in as of Nov 1 - SEC filing ​.  Full Article

Gray reports Q3 earnings per share $0.21
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Gray Television Inc :Gray reports record operating results.Q3 revenue $219 million versus I/B/E/S view $216.5 million.Q3 earnings per share $0.21.Q3 earnings per share view $0.22 -- Thomson Reuters I/B/E/S.Gray Television Inc- ‍Q4 2017 combined local and national advertising revenue will increase in low single digit percentage range, compared to Q4 2016​.Gray Television Inc sees ‍Q4 2017 total revenue to decrease in a mid-double digit percentage range​.  Full Article

Gray Television Inc says amended and restated its credit agreement - SEC filing
Saturday, 11 Feb 2017 

Gray Television Inc : Gray Television Inc says on February 7, 2017, Gray Television Inc amended and restated its credit agreement - SEC filing . Gray Television Inc says new credit facility provides total commitments of $656.4 million .Gray Television Inc says new credit facility consists of a $556.4 million term loan facility and a $100.0 million revolving credit facility.  Full Article

Gray Q2 basic earnings per share $0.25
Thursday, 4 Aug 2016 

Gray Television Inc : Gray reports record operating results . Q2 revenue $196.6 million versus I/B/E/S view $196.3 million . Q2 basic earnings per share $0.25 . Sees Q3 2016 revenue up about 22 to 26 percent .Sees Q3 2016 revenue about $223 million to $231 million.  Full Article

Gray Television to buy Raycom Media in $3.65 billion deal

Gray Television Inc said on Monday it would buy privately held rival broadcaster Raycom Media Inc in a cash-and-stock deal valued at $3.65 billion, in a push into more local television markets and to attract additional advertising.