Gray Media, Inc. (GTN)

Over the past six months, Gray Media, Inc. (GTN) stock has experienced various movements and events. The stock had a 3-month performance of +10.29%, but a 1-month performance of -9.94%. From April 7, 2025, to April 2, 2026, the share price increased by 29.39%. Key events include earnings releases scheduled for May 7, 2026, and a dividend declaration of $0.08. Analyst price targets were increased to US$6.90 and $7.24. A retransmission consent agreement dispute with Dish Network led to the removal of Gray Media's television stations. Gray Media announced a multi-year agreement with the Atlanta Braves to simulcast 25 regular season games.

Gray Media, Inc.'s products and services exhibit significant demand seasonality, primarily driven by political advertising. The company operates on a two-year cycle, with the majority of its profits generated during even-year elections. Odd years typically show lower or even negative profitability.

Gray Media, Inc. operates in the Communication Services sector, specifically in the Broadcasting industry. The company owns and operates local television stations and digital assets across the United States. Its services include broadcasting network programming and locally produced content. Gray Media operates through three segments: Broadcasting, Production Companies, and Other, including Gray Digital Media, Raycom Sports, Tupelo Media Group, PowerNation Studios, Assembly Atlanta, Third Rail Studios, and Swirl Films.

Gray Media, Inc. is the third-largest television station operator in the United States, owning or operating 180 stations across 113 markets in 39 states, reaching approximately 37% of U.S. television households. Its station base covers a wide range of media markets.

The most significant event impacting Gray Media, Inc.'s brand reputation in the past year is the carriage dispute with Dish Network, which began on March 11, 2026. This dispute led to the removal of 226 local stations from Dish Network in 113 markets. The public disagreement and the resulting blackout have generated negative sentiment among some Dish customers.

Gray Media, Inc. has significant institutional ownership, with 199 institutional owners and shareholders holding 79,548,790 shares, representing approximately 75.01% of the company. Individual insiders hold about 12.46%, and the general public holds around 6%. Major institutional owners include BlackRock, Inc., Capital Management Corp /va, and Vanguard Group Inc. Key individual insiders with significant holdings include Highland Capital Management LP, Harriett J. Robinson, and J. Mack Robinson. Hilton H. Howell Jr. is also an insider.