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Gray Television is a television broadcast company headquartered in Atlanta, Georgia, that owns and/or operates television stations and leading digital assets in markets throughout the United States. Gray owns and operates television stations in 44 television markets broadcasting 139 program streams including 76 affiliates of the Big Four networks (ABC, CBS, NBC and FOX). Gray's owned and/or operated stations include 26 channels affiliated with the CBS Network, 24 channels affiliated with the NBC Network, 16 channels affiliated with the ABC Network and 10 channels affiliated with the FOX Network. The company owns and operates the number-one ranked television station in 29 of those 44 markets and the number-one or number-two ranked television station operations in 40 of those 44 markets. Gray reaches approximately 8.1 percent of total United States television households.

TypePublic
Founded1946
HQAtlanta, US
Websitegray.tv
Employee Ratings2.8

Latest Updates

Employees (est.) (Feb 2019)7,371(+99%)
Job Openings229
Revenue (FY, 2018)$1.1 B(+23%)
Share Price (Mar 2019)$21.5 (-4%)

Gray Television Office Locations

Gray Television has an office in Atlanta
Atlanta, US (HQ)
4370 Peachtree Rd #400
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Gray Television Financials and Metrics

Gray Television Revenue

Gray Television's revenue was reported to be $1.08 b in FY, 2018
USD

Revenue (FY, 2018)

1.1b

Net income (FY, 2018)

210.8m

EBIT (FY, 2018)

388.8m

Market capitalization (22-Mar-2019)

2.2b

Closing stock price (22-Mar-2019)

21.5

Cash (31-Dec-2018)

667.0m
Gray Television's current market capitalization is $2.2 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

346.3m508.1m597.4m812.5m882.7m1.1b

Revenue growth, %

47%18%36%

Depreciation and amortization

336.0k12.0m16.6m25.1m20.6m

EBIT

83.9m153.8m140.1m234.1m291.2m388.8m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

88.3m91.3m107.2m131.7m133.3m143.5m151.1m173.7m196.6m204.5m203.5m226.7m219.0m226.3m250.3m279.3m

Depreciation and amortization

9.0k289.0k1.2m3.8m2.7m3.2m4.2m4.2m5.6m6.7m6.5m5.4m5.2m5.0m

EBIT

24.2m17.4m23.2m41.2m28.1m38.8m29.3m36.1m53.7m60.5m43.6m142.6m50.0m50.0m79.7m108.4m

EBIT margin, %

27%19%22%31%21%27%19%21%27%30%21%63%23%22%32%39%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

13.5m30.8m97.3m325.2m462.4m667.0m

Accounts Receivable

Inventories

Current Assets

130.6m168.3m285.5m536.3m666.8m872.7m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

18.3m48.1m39.3m62.3m262.0m210.8m

Depreciation and Amortization

24.4m8.3m48.7m62.5m77.0m74.5m

Inventories

Accounts Payable

133.0k2.2m(141.0k)518.0k2.1m563.0k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

13.1m1.3m2.9m16.8m5.6m17.7m24.3m9.0m26.7m26.4m10.5m81.1m96.4m19.9m60.7m122.5m

Depreciation and Amortization

17.8m6.7m14.8m26.9m11.6m23.1m35.6m15.0m30.9m46.6m18.2m37.7m57.2m19.1m37.8m56.2m

Accounts Payable

(678.0k)992.0k362.0k2.9m6.0m(1.4m)(233.0k)1.3m(1.4m)728.0k(1.8m)(2.9m)(1.8m)(4.8m)(1.7m)(2.0m)

Cash From Operating Activities

51.6m16.4m29.3m88.4m32.5m82.7m28.3m44.0m102.0m(483.0k)59.1m114.3m14.4m97.5m186.2m
USDY, 2018

Revenue/Employee

291.8k

Financial Leverage

3.5 x
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Gray Television Operating Metrics

Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017

CBS Network Affiliates

24 27 26 26 26 30 35 35 35 36 36 37

NBC Network Affiliates

14 24 24 24 24 22 26 26 26 27 27 29

Secondary Channels

60 80 100

Separate Programming Streams

110 139 139 140 140 150 175 180 180 185 190 200 200
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Gray Television Online and Social Media Presence

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Gray Television News and Updates

Gray Television, Inc. Files Early Warning Report in Respect of Frankly Inc.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

FCC approves $3.5 billion Gray Television, Raycom tie-up

The Federal Communications Commission on Thursday approved Gray Television Inc's $3.5 billion bid to acquire Raycom Media Inc.

UPDATE 1-U.S. requires divestitures in Gray Television, Raycom merger

The U.S. Justice Department said on Friday it would require Gray Television Inc and privately held broadcaster Raycom Media Inc to divest broadcast stations in nine markets as a condition for their $3.6 billion merger.

U.S. approves Gray Television, Raycom merger with divestitures

The U.S. Justice Department said on Friday it would require Gray Television Inc and privately held broadcaster Raycom Media Inc to divest broadcast stations in nine markets as a condition for their $3.6 billion merger.

Gray Television Releases Findings From First National Political Poll

ATLANTA, Oct. 4, 2018 /PRNewswire/ -- Gray Television, Inc. (NYSE: GTN and GTN.A) today released results from the company's first ever national poll of congressional candidates ahead of the November U.S. midterm elections, assessing both presidential and candidate support and favorability ...
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Gray Television Frequently Asked Questions

  • When was Gray Television founded?

    Gray Television was founded in 1946.

  • How many employees does Gray Television have?

    Gray Television has 7,371 employees.

  • What is Gray Television revenue?

    Latest Gray Television annual revenue is $1.1 b.

  • What is Gray Television revenue per employee?

    Latest Gray Television revenue per employee is $147.1 k.

  • Who are Gray Television competitors?

    Competitors of Gray Television include Media Capital, Sony Pictures Entertainment and ITV.

  • Where is Gray Television headquarters?

    Gray Television headquarters is located at 4370 Peachtree Rd #400, Atlanta.

  • Where are Gray Television offices?

    Gray Television has an office in Atlanta.

  • How many offices does Gray Television have?

    Gray Television has 1 office.