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Gray Television Inc (GTN.N)

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Latest Key Developments (Source: Significant Developments)

Gray Television Reaches Agreement In Principle With NBC Network
Friday, 21 Sep 2018 

Sept 20 (Reuters) - Gray Television Inc ::GRAY TELEVISION REACHES AGREEMENT IN PRINCIPLE TO RENEW ALL GRAY NBC AFFILIATIONS NATIONWIDE.GRAY TELEVISION - REACHED AGREEMENT IN PRINCIPLE WITH NBC NETWORK THAT EXTENDS AND RENEWS ALL OF GRAY'S EXISTING NBC NETWORK AFFILIATIONS.  Full Article

Tegna To Acquire The Leading Television Stations Wtol In Toledo, Oh, And Kwes In Odessa-Midland, Tx
Tuesday, 21 Aug 2018 

Aug 20 (Reuters) - Tegna Inc ::TEGNA TO ACQUIRE THE LEADING TELEVISION STATIONS WTOL IN TOLEDO, OH, AND KWES IN ODESSA-MIDLAND, TX.TEGNA INC - DEAL FOR $105 MILLION IN CASH.TEGNA INC - TRANSACTION WILL HAVE NO MATERIAL IMPACT ON TEGNA'S LEVERAGE.TEGNA INC - TEGNA EXPECTS TRANSACTION TO BE ACCRETIVE TO EPS IN LESS THAN A YEAR AFTER CLOSE AND IMMEDIATELY ACCRETIVE TO FREE CASH FLOW.TEGNA INC - WILL FINANCE DEAL THROUGH USE OF AVAILABLE CASH AND BORROWING UNDER ITS EXISTING CREDIT FACILITY.TEGNA - AGREEMENT WITH GRAY TELEVISION TO ACQUIRE LOCAL STATIONS WTOL, CBS AFFILIATE IN TOLEDO, OH, & KWES, NBC AFFILIATE IN ODESSA-MIDLAND, TX.  Full Article

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 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.