Gray Media Appoints Bob Kroeger as New CTO

Gray Media has promoted Bob Kroeger to Chief Technology Officer, succeeding David Burke who retired on July 31. Kroeger has served as Chief Information Officer for both Gray and Raycom Media. Gray's President and Co-CEO Pat LaPlatney praised Kroeger's experience and said he has "big shoes to fill" with Burke's departure. Kroeger will continue advising Gray through the end of the year.

Title: Gray Media Promotes Bob Kroeger to Chief Technology Officer

Gray Media (NYSE: GTN), the nation's largest owner of top-rated local television stations, has announced the promotion of Bob Kroeger to Chief Technology Officer (CTO). The appointment is effective immediately and succeeds David Burke, who retired on July 31, 2025. Kroeger brings over 32 years of leadership experience in television broadcast engineering and IT, with a career spanning executive roles at major broadcast groups and leadership positions at various television stations [1].

Kroeger's extensive expertise includes IT strategy, enterprise security, broadcast system management, and emerging technologies. He has overseen multi-site IT and broadcast engineering operations, supported enterprise-wide technology initiatives, and held executive positions at Gray Media and Raycom Media. His technical background includes cloud migration, software rollouts, and new infrastructure deployments [1].

Gray's President and Co-CEO Pat LaPlatney praised Kroeger's experience and said he has "big shoes to fill" with Burke's departure. LaPlatney expressed confidence in Kroeger's ability to lead the company's technology initiatives. Kroeger will continue advising Gray through the end of the year, providing continuity and stability in the transition [1].

The promotion comes as Gray Media faces financial challenges, with Barrington Research downgrading its Q4 2026 earnings estimate to $1.57 per share from $1.64. The company reported a loss of $0.42 per share for the last quarter, reflecting a 6.5% year-over-year revenue decline [2].

Despite the financial setback, Gray Media's stock has shown resilience, with institutional investors and hedge funds maintaining or increasing their stakes in the company. The stock's market cap is $511.15 million, and it recently opened at $5.03, with a twelve-month high of $6.16 [2].

The appointment of Bob Kroeger as CTO signals Gray Media's commitment to technological innovation and operational efficiency. As the company navigates through financial challenges, Kroeger's leadership will be crucial in driving technological advancements and supporting the company's long-term growth strategy.

References:
1. [1] https://www.stocktitan.net/news/GTN/gray-media-promotes-bob-kroeger-to-chief-technology-tn5agk2gtnlz.html
2. [2] https://www.marketbeat.com/instant-alerts/barrington-research-predicts-lower-earnings-for-gray-media-2025-08-12/