GRAY MEDIA INC (GTN)
Communication · Local television broadcasting · NYSE
The nation's largest owner of local television stations and digital assets, reaching 37% of US households with broadcast advertising and digital marketing services.
What GRAY MEDIA INC does
Gray Media is a multimedia company and the largest owner of top-rated local television stations in the United States, operating 77 full-power stations across 114 markets that collectively reach approximately 37% of US television households. The company derives revenue primarily from broadcast advertising, retransmission consent fees, and digital advertising through its Gray Digital Media division. Gray Media also operates production companies including Raycom Sports, Tupelo Media Group, and PowerNation Studios, and maintains the largest Telemundo Affiliate group with 47 markets.
Themes: ["Local television broadcasting"]
Fundamentals
- Price$3.77 as of 2026-07-09 close
- Market cap$429M as of 2026-07-10
- 1-year return-32.7% as of 2026-07-09 close
- Net margin-3.1% as of 2026-07-10
- Gross margin+24.7% as of 2026-07-10
- ROE-3.4% as of 2026-07-10
- Debt / equity2.08 as of 2026-07-10
- Revenue growth (YoY)-14.5% as of 2026-07-10
- Revenue CAGR (3y)-5.6% SEC XBRL
- Beta0.98 as of 2026-07-10
Dividend: yield +8.5%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Significant debt burden ($5.7 billion in long-term debt) with high interest expense ($117 million quarterly) limits financial flexibility and profitability."]
Competitors & peers
- Paramount (PARA)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.