Gray Media, Inc. (GTN) is a Communication Services stock trading at $4.91 (as of 2026-08-20), with a market capitalization of $476.27M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Gray Media, 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.
Gray Media owns and operates U.S. television stations and related digital channels, and it makes money primarily from broadcast advertising and from retransmission consent fees.
Because revenue is heavily split between Core (advertising and related) and Retransmission, profitability is structurally driven by the companys ability to keep retransmission consent terms in place and maintain local and national advertising demand.
| Core | $0.4B |
| Retransmission | $0.4B |
Business quality (Weak): Clear revenue drivers, two dominant categories (Core and Retransmission), and a reported operating margin of 10.5% for the latest period. Key downside risk is concentration in advertising and retransmission economics.
| Price | $4.91 |
| Market Cap | $476.27M |
| EV / EBITDA | 9.3 |
| Price / Book | 0.23 |
| Price / Sales | 0.16 |
| FCF Yield | 70.1% |
| DCF Value (model) | $49.80 |
| DCF Upside vs Price | 914.3% |
| Revenue (TTM) | $3.10B |
| Net Margin | -2.7% |
| Revenue Growth (YoY) | -15.1% |
| EPS Growth (YoY) | -141.5% |
| FCF Growth (YoY) | -70.2% |
| Altman Z-Score | 0.63 (distress) |
| Sector P/E (Communication Services) | 24.4 |
| Industry P/E (Communication) | 17.9 |
| Top Institutional Holder | BlackRock, Inc. ($29.94M) |
| Institutional Holders Tracked | 10 |
| Sector | Communication Services |
| Industry | Communication |
| CEO | Hilton Hatchett Howell Jr. |
| Employees | 9,118 |
| Country | US |
| IPO Date | 2002-08-30 |
Data as of 2026-08-20.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.