GTN
Gray Media, Inc.
GTN
4.38USD
-1.79%
Oct 19, 2026
Price
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Price Action
Price trend is broken
Longer-term context reads early recovery, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryConstructive
Structure is constructive on both timeframes without excessive extension — a reasonable entry location.
Key Financials
- Market Cap
- $383.4M
- Avg Volume (60D)
- 974.7K
- Revenue Growth YoY
- -15.1%
- Gross Margin
- +18.6%
- Operating Margin
- +13.8%
- Free Cash Flow Yield
- +38.1%
- Distance from 200DMA
- -1.7%
- Next Earnings
- 2026-11-06
- P/E
- N/M
- EV / EBITDA
- 9.0x
- EV / Sales
- 1.9x
60 sessions
FY2025 vs FY2024
Trailing twelve months
Trailing twelve months
Market metrics as of Oct 16, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026
Fundamentals & Valuation
The available comparisons disagreed; the peers comparison is the more reliable method for this business and the others are published as dissent.
Gray Media, Inc. has a Fair valuation stance because the price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.
Company Research
Thesis
Gray Media sells local television, digital and connected-TV advertising inventory across a large portfolio of local stations, with substantial exposure to competitive political markets during the 2026 midterm cycle. GTN has direct revenue exposure to the active 2026 U.S. Midterm advertising cycle rather than merely sector adjacency.
Opportunity
Moderate opportunity
Campaigns, parties and issue advertisers concentrate spending in competitive federal, state and local races, purchasing local broadcast and connected-TV inventory for reach, geographic targeting and rapid deployment.
Key risk
Decline in traditional TV advertising demand.
Narrative & Theme
U.S. Election Advertising Cycle
Part of Local Broadcast and Connected-TV Political Advertising, with strong fit.
GTN has direct revenue exposure to the active 2026 U.S. Midterm advertising cycle rather than merely sector adjacency. Its local-station footprint monetizes political demand through broadcast and digital inventory in contested markets.
Narrative HeatCooling3.9 / 10
Theme HeatHot8.5 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.
Business & Markets
Communication Services · Broadcasting
What they do
Gray Media, Inc. owns and operates local television stations and digital media assets across the United States, providing broadcasting and video production services through multiple segments.
How it earns
The company generates revenue primarily through advertising sales and digital marketing services.
Products & services
Local television broadcasting
Digital marketing services
Video production and studio facilities
Customers & end markets
Local television viewers
Advertisers
Businesses seeking digital marketing
Market position
Gray Media is a leading operator in the U.S. Local television broadcasting market.
Demand drivers
Medium cyclicality
Advertising revenues are sensitive to economic cycles but local broadcasting provides some stability.
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