Gray Television, Inc. (GTN)

US — Communication Services Sector
Peers: SSP  GTN-A  TGNA  IHRT  CMLS  NXST  SBGI  EVC 

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Key Metrics & Ratings

  • symbol GTN
  • Rev/Share 37.5312
  • Book/Share 23.4792
  • PB 0.3826
  • Debt/Equity 0.0543
  • CurrentRatio 0.9062
  • ROIC 0.0657

 

  • MktCap 494229520.0
  • FreeCF/Share 7.1979
  • PFCF 0.7152
  • PE 1.8509
  • Debt/Assets 0.007
  • DivYield 0.0746
  • ROE 0.122

 

  • Rating A-
  • Score 4
  • Recommendation Buy
  • P/E Score 3
  • DCF Score 3
  • P/B Score 4
  • D/E Score 3

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade GTN Wells Fargo Underweight Equal Weight -- $4 March 3, 2025

News

Gray Media: 2026 Shaping Up To Be A Massive Year
GTN, GTN-A
Published: July 10, 2025 by: Seeking Alpha
Sentiment: Positive

GTN shares rebounded after a strong Q2/25 pre-announcement, with early political ad revenue signaling a robust 2026 election cycle. Political ad spending is expected to surge, especially with Elon Musk's opposition to Trump's 'Big Beautiful Bill' and potential new party involvement. Gray Media's deleveraging opportunity remains compelling; a repeat of 2022's political ad windfall could drive significant debt reduction and share price upside.

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image for news Gray Media: 2026 Shaping Up To Be A Massive Year
Gray Telemundo Stations to Air Carolina Panthers Preseason Games in Spanish for the First Time
GTN, GTN-A
Published: July 10, 2025 by: GlobeNewsWire
Sentiment: Neutral

English Broadcast of Carolina Panthers Preseason Games to Simulcast on FOX Carolina and Palmetto Sports English Broadcast of Carolina Panthers Preseason Games to Simulcast on FOX Carolina and Palmetto Sports

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image for news Gray Telemundo Stations to Air Carolina Panthers Preseason Games in Spanish for the First Time
GRAY SETS DATE FOR SECOND QUARTER EARNINGS RELEASE AND EARNINGS CONFERENCE CALL
GTN, GTN-A
Published: July 09, 2025 by: GlobeNewsWire
Sentiment: Neutral

ATLANTA, July 09, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (NYSE: GTN) today announced that it will release its earnings results for the quarter ended June 30, 2025, on Friday, August 8, 2025.

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image for news GRAY SETS DATE FOR SECOND QUARTER EARNINGS RELEASE AND EARNINGS CONFERENCE CALL
Gray Media (GTN) Moves 10.4% Higher: Will This Strength Last?
GTN
Published: July 09, 2025 by: Zacks Investment Research
Sentiment: Positive

Gray Media (GTN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

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image for news Gray Media (GTN) Moves 10.4% Higher: Will This Strength Last?
Gray Media and Scripps Agree to Swap Television Stations
GTN, GTN-A
Published: July 07, 2025 by: GlobeNewsWire
Sentiment: Neutral

ATLANTA and CINCINNATI, July 07, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (NYSE: GTN) and The E.W. Scripps Company (NASDAQ: SSP) have entered into agreements to swap television stations across five mid-sized and small markets, resulting in the creation of new duopolies for each group.

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image for news Gray Media and Scripps Agree to Swap Television Stations
Gray Media and Scripps Agree to Swap Television Stations
GTN, SSP
Published: July 07, 2025 by: PRNewsWire
Sentiment: Neutral

ATLANTA and CINCINNATI , July 7, 2025 /PRNewswire/ -- Gray Media, Inc. (NYSE: GTN) and The E.W. Scripps Company (NASDAQ: SSP) have entered into agreements to swap television stations across five mid-sized and small markets, resulting in the creation of new duopolies for each group.

Read More
image for news Gray Media and Scripps Agree to Swap Television Stations
Why Gray Media (GTN) Outpaced the Stock Market Today
GTN
Published: July 03, 2025 by: Zacks Investment Research
Sentiment: Positive

In the most recent trading session, Gray Media (GTN) closed at $4.92, indicating a +1.03% shift from the previous trading day.

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image for news Why Gray Media (GTN) Outpaced the Stock Market Today
Should You Invest in Gray Media (GTN) Based on Bullish Wall Street Views?
GTN
Published: July 03, 2025 by: Zacks Investment Research
Sentiment: Neutral

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

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image for news Should You Invest in Gray Media (GTN) Based on Bullish Wall Street Views?
Gray Media Inc. (GTN) is Attracting Investor Attention: Here is What You Should Know
GTN
Published: July 01, 2025 by: Zacks Investment Research
Sentiment: Positive

Zacks.com users have recently been watching Gray Media (GTN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Read More
image for news Gray Media Inc. (GTN) is Attracting Investor Attention: Here is What You Should Know
Gray Media Names Jessica Laszewski as General Manager of WSAW in Wausau, Wisconsin
GTN, GTN-A
Published: June 30, 2025 by: GlobeNewsWire
Sentiment: Neutral

ATLANTA, June 30, 2025 (GLOBE NEWSWIRE) --

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image for news Gray Media Names Jessica Laszewski as General Manager of WSAW in Wausau, Wisconsin
Gray Stations and InvestigateTV Honored by IRE Awards for Outstanding Investigative Journalism
GTN, GTN-A
Published: June 23, 2025 by: GlobeNewsWire
Sentiment: Neutral

ATLANTA, June 23, 2025 (GLOBE NEWSWIRE) -- The Investigative Reporters and Editors (IRE) awarded three Gray Media stations and Gray's national investigative unit, InvestigateTV, for outstanding watchdog journalism at IRE's annual conference in New Orleans on Saturday.

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image for news Gray Stations and InvestigateTV Honored by IRE Awards for Outstanding Investigative Journalism
Gray Media Inc. (GTN) Is a Trending Stock: Facts to Know Before Betting on It
GTN
Published: June 18, 2025 by: Zacks Investment Research
Sentiment: Positive

Recently, Zacks.com users have been paying close attention to Gray Media (GTN). This makes it worthwhile to examine what the stock has in store.

Read More
image for news Gray Media Inc. (GTN) Is a Trending Stock: Facts to Know Before Betting on It
Gray Media Names David Hughes as General Manager of WFSB in Hartford, Connecticut
GTN
Published: June 16, 2025 by: GlobeNewsWire
Sentiment: Neutral

ATLANTA, June 16, 2025 (GLOBE NEWSWIRE) -- Gray Media has named David Hughes as the next General Manager of WFSB, the CBS affiliate in Hartford, Connecticut. He succeeds Dana Neves, who recently became a Senior Managing Vice President at Gray.

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image for news Gray Media Names David Hughes as General Manager of WFSB in Hartford, Connecticut
Is It Worth Investing in Gray Media (GTN) Based on Wall Street's Bullish Views?
GTN
Published: June 13, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

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image for news Is It Worth Investing in Gray Media (GTN) Based on Wall Street's Bullish Views?
Gray Media Names Shalayna Valencia as General Manager of KOSA in Odessa, Texas
GTN, GTN-A
Published: June 10, 2025 by: GlobeNewsWire
Sentiment: Neutral

ATLANTA, June 10, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. has named Shalayna Valencia as the next General Manager and Director of Sales for KOSA, the CBS affiliate in Odessa, Texas.

Read More
image for news Gray Media Names Shalayna Valencia as General Manager of KOSA in Odessa, Texas
Investors Heavily Search Gray Media Inc. (GTN): Here is What You Need to Know
GTN
Published: June 06, 2025 by: Zacks Investment Research
Sentiment: Positive

Zacks.com users have recently been watching Gray Media (GTN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Read More
image for news Investors Heavily Search Gray Media Inc. (GTN): Here is What You Need to Know
Gray Media: Deep Value With Headcount Growth, And Debt Repurchases
GTN
Published: June 05, 2025 by: Seeking Alpha
Sentiment: Positive

Gray Media's headcount and asset growth signal strong future revenue and free cash flow expansion, supporting my bullish outlook. The company is undervalued, trading at just 1.45x 2026 EPS, with significant upside potential based on my financial model. GTN stands to benefit from potential U.S. tax cuts, while tariffs are unlikely to impact its business meaningfully.

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image for news Gray Media: Deep Value With Headcount Growth, And Debt Repurchases
Gray Media Bolsters Broadcast Partnership with The New Orleans Saints
GTN
Published: June 04, 2025 by: GlobeNewsWire
Sentiment: Neutral

ATLANTA, June 04, 2025 (GLOBE NEWSWIRE) -- Gray Media, WVUE (New Orleans, Fox 8) and the Saints have entered into a five-year extension to their long-standing broadcast partnership through the conclusion of the 2029 NFL season. The extension kicks off with all three 2025 preseason games starting August 10, when the Saints travel to Los Angeles to take on the Chargers.

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image for news Gray Media Bolsters Broadcast Partnership with The New Orleans Saints
WANF Expands its Commitment to Atlanta News First As an Independent Local Television Station in Gray Media's Home Market of Atlanta
GTN, GTN-A
Published: June 02, 2025 by: GlobeNewsWire
Sentiment: Neutral

ATLANTA, June 02, 2025 (GLOBE NEWSWIRE) -- On August 15, 2025, Gray Media's local television station WANF will end its 31-year affiliation with the CBS Network to begin a new chapter as an independent television station. Going forward, WANF will leverage its successful local news operation, complete control of its daily program schedule, and the resources of the locally based Gray Media to better serve the local community with on-air and online content throughout the day that is more responsive to the growing Atlanta metropolis.

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image for news WANF Expands its Commitment to Atlanta News First As an Independent Local Television Station in Gray Media's Home Market of Atlanta
CBS and Gray Media Renew Affiliation Agreements for 52 Markets
GTN, GTN-A
Published: June 02, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK and ATLANTA, June 02, 2025 (GLOBE NEWSWIRE) -- CBS, a subsidiary of Paramount Global, and Gray Media (“Gray”) announced today that they have entered into an agreement that renews 52 of Gray's existing 53 CBS network affiliations. As part of the agreement, the renewing CBS affiliates will continue to be available locally to subscribers on Paramount+ and widely distributed across all traditional and virtual MVPD platforms. Effective August 16, 2025, Gray's Atlanta station WANF will cease its affiliation with the CBS Network and thereafter operate an independent television station hyper-focused on the Atlanta market.

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image for news CBS and Gray Media Renew Affiliation Agreements for 52 Markets
RTDNA Awards 81 Regional Edward R. Murrow Awards to 38 Gray Television Stations
GTN, GTN-A
Published: May 30, 2025 by: GlobeNewsWire
Sentiment: Neutral

ATLANTA, May 30, 2025 (GLOBE NEWSWIRE) -- Gray Media announced today that the Radio Television Digital News Association (RTDNA) awarded a combined 81 regional Edward R. Murrow awards for excellence in journalism to 38 of Gray's local stations, led by 9 separate awards to WMTV in Madison, Wisconsin and 8 to WVUE in New Orleans, Louisiana. Among the highest honors:

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image for news RTDNA Awards 81 Regional Edward R. Murrow Awards to 38 Gray Television Stations
Here is What to Know Beyond Why Gray Media Inc. (GTN) is a Trending Stock
GTN
Published: May 26, 2025 by: Zacks Investment Research
Sentiment: Positive

Recently, Zacks.com users have been paying close attention to Gray Media (GTN). This makes it worthwhile to examine what the stock has in store.

Read More
image for news Here is What to Know Beyond Why Gray Media Inc. (GTN) is a Trending Stock
Gray Media Announces Two General Manager Moves
GTN, GTN-A
Published: May 13, 2025 by: GlobeNewsWire
Sentiment: Neutral

ATLANTA, May 13, 2025 (GLOBE NEWSWIRE) -- Gray Media announced today the moves of two current General Managers to new markets. Gray has named Shannon Booth as the next General Manager of WOWT (NBC) in Omaha, Nebraska. She will succeed Jim McKernan, who is retiring on June 2 after a 44-year career in broadcasting. Jacque Harms will succeed Shannon as General Manager of Gray's KOLN (CBS) and KSNB (NBC) in Lincoln, Nebraska, and KNOP (NBC) and KNPL (CBS) in North Platte, Nebraska.

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image for news Gray Media Announces Two General Manager Moves
Gray Media Inc. (GTN) is Attracting Investor Attention: Here is What You Should Know
GTN
Published: May 13, 2025 by: Zacks Investment Research
Sentiment: Positive

Zacks.com users have recently been watching Gray Media (GTN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Read More
image for news Gray Media Inc. (GTN) is Attracting Investor Attention: Here is What You Should Know
Gray Media (GTN) Reports Q1 Loss, Tops Revenue Estimates
GTN
Published: May 08, 2025 by: Zacks Investment Research
Sentiment: Negative

Gray Media (GTN) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.49. This compares to earnings of $0.79 per share a year ago.

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image for news Gray Media (GTN) Reports Q1 Loss, Tops Revenue Estimates
GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE
GTN, GTN-A
Published: May 08, 2025 by: GlobeNewsWire
Sentiment: Neutral

ATLANTA, May 08, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray”) (NYSE: GTN) announced today that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share of its common stock and Class A common stock. The dividend is payable on June 30, 2025, to shareholders of record at the close of business on June 13, 2025.

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image for news GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE
Gray Media Announces First Quarter Financial Results
GTN, GTN-A
Published: May 08, 2025 by: GlobeNewsWire
Sentiment: Neutral

ATLANTA, May 08, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray,” “Gray Media,” “we,” “us” or “our”) (NYSE: GTN) today announced its financial results for the quarter ended March 31, 2025, which included total revenues above the high end of our guidance for the quarter. Total operating expenses were also below our guidance for the quarter. Moreover, for the first time since the COVID slowdown in 2020, our broadcasting operating expenses declined in the first quarter of the year on a year-over-year basis. In addition, we reduced the outstanding principal amount of our outstanding debt by $17 million during the …

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image for news Gray Media Announces First Quarter Financial Results
Gray Media and Its Stations Honored for their Journalism and Community Service by RTDNA, National Headliner, Emmys, the NAB Leadership Foundation, and Other Organizations
GTN, GTN-A
Published: May 05, 2025 by: GlobeNewsWire
Sentiment: Neutral

ATLANTA, May 05, 2025 (GLOBE NEWSWIRE) -- Gray Media and multiple Gray stations recently received honors from prestigious industry organizations, including the Radio Television Digital News Association, National Headliner Awards, The National Academy of Television Arts & Sciences, and the NAB Leadership Foundation.

Read More
image for news Gray Media and Its Stations Honored for their Journalism and Community Service by RTDNA, National Headliner, Emmys, the NAB Leadership Foundation, and Other Organizations
Gray Media Inc. (GTN) Is a Trending Stock: Facts to Know Before Betting on It
GTN
Published: April 25, 2025 by: Zacks Investment Research
Sentiment: Positive

Zacks.com users have recently been watching Gray Media (GTN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Read More
image for news Gray Media Inc. (GTN) Is a Trending Stock: Facts to Know Before Betting on It
4 Broadcast Radio & TV Stocks to Buy From a Prospering Industry
FOXA, GTN, NFLX, TGNA
Published: April 23, 2025 by: Zacks Investment Research
Sentiment: Positive

Radio and television broadcast companies like NFLX, GTN, FOXA and TGNA benefit from higher content consumption and steady digital viewing despite intense competition for ad revenues.

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image for news 4 Broadcast Radio & TV Stocks to Buy From a Prospering Industry

About Gray Television, Inc. (GTN)

  • IPO Date 2002-08-30
  • Website https://www.gray.tv
  • Industry Broadcasting
  • CEO Hilton Hatchett Howell Jr.
  • Employees 9118

Gray Television, Inc., a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Justice, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network; and local news/weather channels in various markets. In addition, the company offers video program production services. It owns and operates television stations and digital assets that serve 113 television markets in the United States. The company was formerly known as Gray Communications Systems, Inc. and changed its name to Gray Television, Inc. in August 2002. Gray Television, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia.