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PRESS-RELEASE ·Filed Sep 23, 2026

GTN

Gray Media
NEUTRAL
Impact 3/10
Horizonmonths Processed1mo ago WireGlobeNewswire
Press release · Contract
Actionable Insight • Neutral

Monitor Gray's next quarterly earnings for any commentary on sports rights economics or advertising revenue from this partnership. The deal is non-exclusive and limited to one season, so financial impact is likely modest.

DirectionNeutral
Confidencehigh
Horizonmonths
Latest settled — T+20d
GTN ▲ +0.87% at T+20d
NEUTRAL call +0.87% · α vs SPY +0.19% · entry $4.58 → $4.62
Next anchor: T+60d in 7w
Latest observation: T+22 -8.24% FF3 residual α
Entry = T+0 close
Sep 23, 2026
via day close
T+1d
-0.22%
call -0.22% · α -0.14%
$4.57
settled 5w ago
T+5d
-1.75%
call -1.75% · α -1.07%
$4.50
settled 27d ago
T+20d
+0.87%
call +0.87% · α +0.19%
$4.62
settled 6d ago
T+60d
Pending
in 7w

Price Chart

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Executive Summary

Gray Media announced a broadcast partnership with the Charlotte Hornets to air NBA games over-the-air across six markets in the Carolinas plus Roanoke, Virginia, for the 2026-27 season. The deal expands Gray's sports programming footprint but no financial terms were disclosed, limiting near-term revenue visibility.

Key Facts

  • Partnership covers 2026-27 NBA season starting October 2026
  • Games will air on Gray affiliates in Charleston, Columbia, Greenville-New Bern, Greenville-Spartanburg-Asheville-Anderson, Myrtle Beach, Wilmington, and Roanoke
  • Palmetto Sports & Entertainment Network will carry approximately 75 games per market
  • No financial terms or deal value disclosed

Financial Impact

Undisclosed — no revenue or fee amounts provided

Risk Factors

  • No financial terms disclosed — revenue contribution uncertain
  • One-season deal provides no long-term visibility
  • Sports rights costs could offset any advertising upside

Investment Themes

Media & Telecom

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

DocumentAccession Number
PRESS-RELEASE Data (Synthetic)press-3367716
43 reports for GTN
Performance horizon
75% Hit rate @ T+5 3 of 4 directional calls Went positive at some point 3 of 4 best @ T+60▲ +22.02%Mar 11, 2026
Filters
Rows
Reports for GTN — sortable, filterable
TypeNow
Oct 26, 2026
today
Press Release
NEUTRAL ★ 2/10
$4.55awaiting T+5—$4.37 (−3.85%)
Oct 20, 2026
6d ago
Press Release
NEUTRAL ★ 3/10
$4.63awaiting T+5—$4.37 (−5.62%)
Oct 15, 2026
11d ago
Press Release
NEUTRAL ★ 3/10
$4.46 $4.70▲ +5.38%▲ +6.40%$4.37 (−2.02%)
Oct 9, 2026
17d ago
8-K
MIXED ★ 6/10
$4.43 $4.48▲ +1.13%▲ +2.62%$4.37 (−1.35%)
Oct 9, 2026
17d ago
8-K
NEUTRAL ★ 5/10
$4.54 $4.38▼ −3.52%▼ −1.56%$4.37 (−3.74%)
Oct 2, 2026
24d ago
Press Release
NEUTRAL ★ 2/10
$4.54 $4.54· 0.00%▼ −1.16%$4.37 (−3.74%)
Sep 28, 2026
28d ago
8-K
BULLISH ★ 6/10
$4.59 $4.63▲ +0.87%▼ −0.33%$4.37 (−4.79%)
Sep 28, 2026
28d ago
Press Release
MIXED ★ 5/10
$4.59 $4.63▲ +0.87%▼ −0.33%$4.37 (−4.79%)
Sep 28, 2026
28d ago
Press Release
NEUTRAL ★ 2/10
$4.59 $4.63▲ +0.87%▼ −0.33%$4.37 (−4.79%)
Sep 23, 2026
4w ago
Press Release
NEUTRAL ★ 3/10
$4.58 $4.50▼ −1.75%▼ −1.07%$4.37 (−4.59%)
Showing 10 of 43

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Report published Sep 23, 2026