Gray Media Announces Cash Dividend for Shareholders
ATLANTA, (GLOBE NEWSWIRE) — Gray Media, Inc. (“Gray”) (NYSE: GTN) has recently made an exciting announcement regarding its quarterly cash dividend. The company’s Board of Directors has authorized a cash dividend of $0.08 per share for both its common stock and Class A common stock. This dividend is scheduled to be payable to shareholders on December 31st, with a record date for shareholders at the close of business on December 15th.
Understanding Gray Media’s Role
Gray Media stands proudly as a multimedia entity based in Atlanta. Its claim to success is largely due to being the largest owner of local television stations and digital assets across the nation. Gray operates in 113 television markets where its stations reach approximately 37 percent of U.S. television households. This extensive reach demonstrates their strong influence in the broadcasting industry.
Highlights of Gray Media's Portfolio
Within Gray Media’s diverse portfolio, there are notable achievements such as ownership of 78 markets featuring the top-rated television stations. Furthermore, they boast 99 markets where their stations rank first or second in viewer ratings. Apart from traditional broadcasting, Gray Media has made significant strides as the largest Telemundo Affiliate group with a total of 44 markets.
Expand Digital Marketing Horizons
In addition to television, Gray Media has ventured into digital media with Gray Digital Media, which operates as a full-service digital agency. This division offers innovative digital marketing strategies that benefit both national and local clients, utilizing advanced digital products and services to enhance their outreach.
Gray Media's Additional Ventures
Gray Media goes beyond broadcasting and digital marketing. They own video production companies like Raycom Sports, Tupelo Media Group, and PowerNation Studios, bringing engaging content to viewers across different platforms. Their state-of-the-art production facilities, Assembly Atlanta and Third Rail Studios, further enhance their media capabilities, ensuring high-quality productions are delivered to their audience.
Investor Information
For interested shareholders and investors seeking more detailed insights about Gray Media's operations and financial performance, additional information can be found on their website. Engaging with the company directly will give a thorough overview of Gray Media's strategies and objectives.
Financial Performance and Future Outlook
Gray Media’s commitment to providing dividends not only reflects their strong financial health but also assures investors of continued value. The well-planned dividends are a strong incentive for current shareholders, and the growth in their digital and traditional media will likely attract more investors.
Networking with Gray Media
Contacting Gray Media for inquiries or investment opportunities is facilitated through their executive team. Jeffrey R. Gignac, the Chief Financial Officer, is available at (404) 504-9828, and Kevin P. Latek, the Chief Legal and Development Officer, can be reached at (404) 266-8333. These contacts provide an excellent pathway for deeper engagement with the company's management.
Frequently Asked Questions
What is the amount of the declared dividend by Gray Media?
The declared dividend by Gray Media is $0.08 per share.
When will the dividend be payable?
The dividend is set to be payable on December 31st of the respective year.
What does Gray Media specialize in?
Gray Media specializes in multimedia broadcasting and digital marketing strategies, owning numerous television stations across the U.S.
How can I contact Gray Media for more information?
For inquiries, Jeffrey R. Gignac, the Chief Financial Officer, and Kevin P. Latek, the Chief Legal and Development Officer are available by phone.
Where can I find more information about Gray Media’s financial performance?
More information can be accessed through Gray Media’s official website, where they provide updates and details on their financial performance.
