GTN

Over the past six months, Gray Media's stock (GTN) has experienced volatility influenced by earnings reports, debt refinancing, and political advertising guidance, with a 52-week range between $3.55 and $6.43. On May 7, 2026, shares fell significantly after the company reported disappointing first-quarter 2026 earnings and provided a weak forecast. Conversely, on August 7, 2026, Gray Television reported Q2 CY2026 revenue ahead of Wall Street's expectations and strong next quarter guidance, leading to a positive market reaction. On September 28, 2026, Gray Media raised its third-quarter 2026 political advertising and total revenue guidance. On October 8, 2026, the company announced the closing of a refinancing of its senior credit facilities, including a new $600 million Term Loan G and an extension of its revolving credit facility, aimed at extending maturities and lowering borrowing costs. However, on October 9, 2026, shares fell after the company announced an agreement to increase its Term Loan G and issued a conditional notice to redeem $150 million of its 2029 senior secured notes, indicating further debt reshaping.