Headquartered in Atlanta, GA Fiscal year ends December NYSE: GTN graymedia.com
Gray Media (formerly Gray Television) is a multimedia company and the largest owner of top-rated local television stations in the United States. The company serves 117 full-power television markets that collectively reach approximately 37% of US television households, with 78 markets featuring the top-rated station and 101 markets with the first or second highest rated station. Gray owns the largest Telemundo affiliate group covering 46 markets, and operates Gray Digital Media, a full-service digital marketing agency. The company also owns video production companies including Raycom Sports, Tupelo Media Group, and PowerNation Studios, as well as studio production facilities Assembly Atlanta and Third Rail Studios. Gray has recently expanded its local professional sports portfolio, including televised Atlanta Hawks NBA games through the Peachtree Sports Network. Revenue is primarily derived from core advertising, political advertising, and retransmission consent fees from pay-TV distributors. Updated
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Gray Media (formerly Gray Television) is a multimedia company and the largest owner of top-rated local television stations in the United States.
The Wall Street consensus 12-month price target for GTN is $6.50.
