Added to YB: 2025-04-09
Pitch date: 2025-04-03
GTN [bullish]
Gray Media, Inc.
+45.56%
current return
Author Info
Countervail Capital shares data-driven insights into ongoing market phenomena. Sign up for the newsletter.
Company Info
Gray Media, Inc., a multimedia company, owns and/or operates television stations and digital assets in the United States.
Market Cap
$506.1M
Pitch Price
$3.66
Price Target
N/A
Dividend
6.63%
EV/EBITDA
6.21
P/E
3.15
EV/Sales
1.87
Sector
Media
Category
value
Lobbying, Regulation, and Equity Returns - Gray Media, Inc.
GTN: Broadcasting lobbyist spend up, regulatory changes favor consolidation. FCC grants Gray Media waiver for duopoly in Rochester. Industry near all-time low valuations: GTN at 5.7x EBITDA, 0.2x BV. Potential for cost synergies, but high debt risk. Market may not have priced in lobbying impact on fundamentals.
Read full article (4 min)