OverviewSuggest Edit

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, GA, US
Websitegray.tv
Employee Ratings3.5
Overall CultureD+

Latest Updates

Employees (est.) (Feb 2020)6,912(-6%)
Job Openings791
Revenue (FY, 2020)$2.4 B(+13%)
Share Price (Jan 2022)$20.7
Cybersecurity ratingDMore
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Key People/Management at Gray Television

Pat Laplatney

Pat Laplatney

President & Co-CEO
Kevin Latek

Kevin Latek

Chief Legal & Development Officer
James Ryan

James Ryan

Chief Financial Officer
Robert Smith

Robert Smith

Chief Operating Officer
Hilton H. Howell

Hilton H. Howell

Chairman, CEO
Sandy Breland

Sandy Breland

Senior Vice President, Local Media
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Gray Television Office Locations

Gray Television has offices in Atlanta and Albany
Atlanta, GA, US (HQ)
4370 Peachtree Rd NE #400
Albany, GA, US
126 N Washington St
Show all (2)

Gray Television Financials and Metrics

Gray Television Revenue

Gray Television's revenue was reported to be $2.38 b in FY, 2020
USD

Revenue (FY, 2020)

2.4b

Net income (FY, 2020)

410.0m

EBIT (FY, 2020)

752.0m

Market capitalization (25-Jan-2022)

2.0b

Closing stock price (25-Jan-2022)

20.7

Cash (31-Dec-2020)

773.0m

EV

5.3b
Gray Television's current market capitalization is $2 b.
Annual
USDFY, 2011FY, 2012FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

307.1m404.8m812.5m882.7m1.1b2.1b2.4b

Revenue growth, %

36%9%23%

Sales and marketing expense

900.0k1.0m

General and administrative expense

14.2m15.9m104.0m65.0m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

76.2m76.5m80.7m94.7m102.9m78.2m84.3m203.5m226.7m219.0m226.3m250.3m279.3m518.0m508.0m517.0m534.0m451.0m604.0m

General and administrative expense

3.4m4.1m3.1m3.6m4.0m3.8m5.3m21.0m14.0m15.0m17.0m15.0m

Operating expense total

3.4m4.1m3.1m3.6m4.0m3.8m5.3m21.0m14.0m15.0m17.0m15.0m

Depreciation and amortization

5.6m6.7m6.5m5.4m5.2m5.0m29.0m48.0m49.0m47.0m47.0m53.0m
USDQ2, 2011

Debt/Equity

6.6 x

Debt/Assets

0.7 x

Financial Leverage

9.8 x
Show all financial metrics

Gray Television Operating Metrics

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

ABC Network Affiliates

91416161616191919191920

CBS Network Affiliates

242726262630353535363637

FOX Network Affiliates

51010101013141313141415

NBC Network Affiliates

142424242422262626272729
Show all operating metrics

Gray Television Cybersecurity Score

Cybersecurity ratingPremium dataset

D

67/100

SecurityScorecard logo

Gray Television Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Gray Television Online and Social Media Presence

Embed Graph

Gray Television Company Culture

  • Overall Culture

    D+

    63/100

  • CEO Rating

    C-

    64/100

  • Compensation

    D

    52/100

  • Diversity

    D-

    50/100

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Gray Television News and Updates

Gray Television Purchases Third Rail Studios

ATLANTA, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today that it has purchased Third Rail Studios in Doraville, Georgia, from The Integral Group for $27.5 million.

Gray Television Announces the Passing of Ed Woloszyn

ATLANTA, Sept. 03, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced that Ed Woloszyn, the General Manager of KEYC News Now (CBS/FOX) in Mankato, Minnesota, passed away yesterday following a brief battle with cancer.  

Gray Television Closes Quincy Acquisition

ATLANTA, Aug. 02, 2021 (GLOBE NEWSWIRE) --  August 2, 2021. . . Gray Television, Inc. (NYSE: GTN) announced today that it has completed its acquisition of Quincy Media, Inc. (“QMI”) and its divestment of ten QMI stations in the seven Gray/QMI overlap markets to Byron Allen’s Allen Media Broadcasti…

Gray Television Forms New Sports and Entertainment Revenue Group

ATLANTA, June 18, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) has formed a new sales and sponsorship entity called Gray Sports + Entertainment Sales to represent the company’s internal content production portfolio to brands and advertising agencies. The new group is respons…

KFFs Kaiser Health News and Gray Television Partner to Examine the Drive Times and Roadblocks for Stroke Victims in Appalachia and the Mississippi Delta

KHN and Gray Television’s InvestigateTV team joined forces to dig into the underlying reasons why strokes are a deadlier threat across most counties in Appalachia and the Mississippi Delta, rural regions that are characterized by high rates of poverty, vulnerable elderly populations, a shortage of m…

Gray Television to Buy Meredith’s TV Stations for $2.7 Billion

Gray Television to Buy Meredith’s TV Stations for $2.7 Billion
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Gray Television Frequently Asked Questions

  • When was Gray Television founded?

    Gray Television was founded in 1946.

  • Who are Gray Television key executives?

    Gray Television's key executives are Pat Laplatney, Kevin Latek and James Ryan.

  • How many employees does Gray Television have?

    Gray Television has 6,912 employees.

  • What is Gray Television revenue?

    Latest Gray Television annual revenue is $2.4 b.

  • What is Gray Television revenue per employee?

    Latest Gray Television revenue per employee is $344.5 k.

  • Who are Gray Television competitors?

    Competitors of Gray Television include American Broadcasting Company, Pscom Pajucara Sistema De Comunicacao and Dogus Yayın Grubu.

  • Where is Gray Television headquarters?

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

  • Where are Gray Television offices?

    Gray Television has offices in Atlanta and Albany.

  • How many offices does Gray Television have?

    Gray Television has 2 offices.