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Gray Media, Inc., a multimedia company, owns and/or operates local television stations and digital assets in the United States. The company operates through Broadcasting, Production Companies, and Other segments. It also owns Gray Digital Media, a digital agency that provides clients with digital marketing strategies; and operates video production companies and studio production facilities. The company was formerly known as Gray Television, Inc. and changed its name to Gray Media, Inc. in July 2002. Gray Media, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Gray Television operates a large portfolio of local television stations and digital media properties across the United States, producing local news, sports and entertainment programming and selling advertising and retransmission rights. Its long-term growth may be supported by scale-driven retransmission consent and political advertising, expansion of local digital marketing services and selective acquisitions, which could support stable cash flow and market position.
Investors should monitor exposure to advertising and political revenue cyclicality, cord-cutting and retransmission negotiation risk, potential regulatory constraints and elevated leverage from acquisition activity.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -113.00M | 492.00M | -82.00M | 614.00M | 168.00M |
| Net income | -85.00M | 375.00M | -76.00M | 455.00M | 90.00M |
| Selling general administrative | 113.00M | 104.00M | 112.00M | 102.00M | 88.00M |
| Selling and marketing expenses | - | - | 2.00M | - | - |
| Gross profit | 2991.00M | 1244.00M | 898.00M | 1428.00M | 803.00M |
| Reconciled depreciation | 264.00M | 297.00M | 378.00M | 384.00M | 259.00M |
| Ebit | 361.00M | 977.00M | 358.00M | 990.00M | 381.00M |
| Ebitda | 598.00M | 1246.00M | 697.00M | 1322.00M | 707.00M |
| Depreciation and amortization | 237.00M | 269.00M | 339.00M | 332.00M | 326.00M |
| Non operating income net other | - | - | - | -4.00M | -8.00M |
| Operating income | 392.00M | 851.00M | 383.00M | 990.00M | 381.00M |
| Other operating expenses | 2703.00M | 2793.00M | 2898.00M | 2686.00M | 1919.00M |
| Interest expense | 474.00M | 485.00M | 440.00M | 354.00M | 205.00M |
| Tax provision | -28.00M | 117.00M | 55.00M | 159.00M | 78.00M |
| Interest income | 474.00M | 485.00M | 440.00M | 354.00M | 205.00M |
| Net interest income | -474.00M | -485.00M | -424.00M | -354.00M | -205.00M |
| Income tax expense | -28.00M | 117.00M | -6.00M | 159.00M | 78.00M |
| Total revenue | 3095.00M | 3644.00M | 3281.00M | 3676.00M | 2413.00M |
| Total operating expenses | 2599.00M | 393.00M | 515.00M | 438.00M | 309.00M |
| Cost of revenue | 104.00M | 2400.00M | 2383.00M | 2248.00M | 1610.00M |
| Total other income expense net | -505.00M | -359.00M | -465.00M | -376.00M | -213.00M |
| Net income from continuing ops | -85.00M | 375.00M | 119.00M | 455.00M | 90.00M |
| Net income applicable to common shares | -137.00M | 323.00M | -128.00M | 403.00M | 38.00M |
| Preferred stock and other adjustments | - | - | - | 52.00M | 52.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 10440.00M | 10542.00M | 10640.00M | 11152.00M | 11108.00M |
| Intangible assets | 5466.00M | 5601.00M | 5735.00M | 5967.00M | 6128.00M |
| Other current assets | 77.00M | 63.00M | 84.00M | 81.00M | 35.00M |
| Total liab | 7635.00M | 7609.00M | 8019.00M | 8386.00M | 8701.00M |
| Total stockholder equity | 2805.00M | 2933.00M | 2621.00M | 2766.00M | 2407.00M |
| Other current liab | 305.00M | 388.00M | 301.00M | 305.00M | 287.00M |
| Common stock | 1277.00M | 1255.00M | 1224.00M | 1195.00M | 1166.00M |
| Capital stock | 1927.00M | 1905.00M | 1874.00M | 1845.00M | 1816.00M |
| Retained earnings | 1205.00M | 1375.00M | 1084.00M | 1242.00M | 869.00M |
| Other liab | - | - | - | 1469.00M | 1514.00M |
| Good will | 2642.00M | 2642.00M | 2643.00M | 2663.00M | 2649.00M |
| Other assets | 64.00M | 46.00M | -131.00M | 19.00M | 16.00M |
| Cash | 368.00M | 135.00M | 21.00M | 61.00M | 189.00M |
| Total current liabilities | 516.00M | 527.00M | 395.00M | 409.00M | 384.00M |
| Current deferred revenue | 20.00M | 29.00M | 23.00M | 24.00M | 14.00M |
| Net debt | 5445.00M | 5558.00M | 6219.00M | 6472.00M | 6638.00M |
| Short term debt | 12.00M | 30.00M | 26.00M | 25.00M | 24.00M |
| Short long term debt | 2.00M | 20.00M | 15.00M | 15.00M | 15.00M |
| Short long term debt total | 5813.00M | 5693.00M | 6240.00M | 6533.00M | 6827.00M |
| Other stockholder equity | -323.00M | -317.00M | -314.00M | -309.00M | -251.00M |
| Property plant equipment | 1575.00M | 1646.00M | 1676.00M | 1466.00M | 1165.00M |
| Total current assets | 656.00M | 541.00M | 468.00M | 857.00M | 963.00M |
| Long term investments | 37.00M | 66.00M | 85.00M | 105.00M | 117.00M |
| Net tangible assets | - | - | - | 2766.00M | -6370.00M |
| Net receivables | 211.00M | 343.00M | 363.00M | 672.00M | 645.00M |
| Long term debt | 5742.00M | 5601.00M | 6145.00M | 6441.00M | 6745.00M |
| Inventory | - | 17.00M | 18.00M | 43.00M | 94.00M |
| Accounts payable | 144.00M | 75.00M | 23.00M | 55.00M | 59.00M |
| Accumulated other comprehensive income | -4.00M | -30.00M | -23.00M | -12.00M | -27.00M |
| Common stock total equity | - | - | - | 1195.00M | 1166.00M |
| Retained earnings total equity | - | - | - | 1242.00M | 869.00M |
| Treasury stock | - | - | - | -309.00M | -251.00M |
| Non currrent assets other | 64.00M | 46.00M | 33.00M | -1435.00M | 16.00M |
| Non current assets total | 9784.00M | 10001.00M | 10172.00M | 10295.00M | 10145.00M |
| Capital lease obligations | 69.00M | 72.00M | 80.00M | 78.00M | 72.00M |
| Long term debt total | 5742.00M | 5601.00M | 6145.00M | 6441.00M | 6745.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 24.00M | -28.00M | -400.00M | -16.00M | -49.00M |
| Change to liabilities | - | - | - | 17.00M | 22.00M |
| Total cashflows from investing activities | -63.00M | -28.00M | -291.00M | -503.00M | -3534.00M |
| Net borrowings | 123.00M | -474.00M | -310.00M | -315.00M | 2800.00M |
| Total cash from financing activities | 7.00M | -609.00M | -397.00M | -454.00M | 2650.00M |
| Change to operating activities | - | - | - | 17.00M | 18.00M |
| Net income | -85.00M | 375.00M | -76.00M | 455.00M | 90.00M |
| Change in cash | 233.00M | 114.00M | -40.00M | -128.00M | -584.00M |
| Begin period cash flow | 135.00M | 21.00M | 61.00M | 189.00M | 773.00M |
| End period cash flow | 368.00M | 135.00M | 21.00M | 61.00M | 189.00M |
| Total cash from operating activities | 289.00M | 751.00M | 648.00M | 829.00M | 300.00M |
| Depreciation | 237.00M | 297.00M | 376.00M | 384.00M | 259.00M |
| Other cashflows from investing activities | -18.00M | -1.00M | 71.00M | -51.00M | -3278.00M |
| Dividends paid | 85.00M | 84.00M | 82.00M | -82.00M | -83.00M |
| Change to inventory | - | - | - | - | -51.00M |
| Change to account receivables | 132.00M | 13.00M | 334.00M | -26.00M | -30.00M |
| Sale purchase of stock | - | -4.00M | -5.00M | -50.00M | -30.00M |
| Other cashflows from financing activities | -5.00M | -47.00M | -5.00M | -7.00M | -37.00M |
| Change to netincome | - | - | - | -49.00M | -18.00M |
| Capital expenditures | 108.00M | 143.00M | 348.00M | 436.00M | 207.00M |
| Change receivables | - | - | - | -26.00M | -30.00M |
| Cash flows other operating | - | - | - | 33.00M | -34.00M |
| Cash and cash equivalents changes | - | - | - | -128.00M | -584.00M |
| Change in working capital | 91.00M | 180.00M | 325.00M | -3.00M | -50.00M |
| Stock based compensation | 22.00M | 22.00M | 30.00M | 31.00M | 22.00M |
| Other non cash items | 80.00M | -114.00M | 84.00M | -18.00M | 1.00M |
| Free cash flow | 181.00M | 608.00M | 300.00M | 393.00M | 93.00M |
Sector: Communication Services Industry: Broadcasting
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| GTN Gray Television Inc |
0.15 2.53% |
6.07 | - | 2.38 | 0.16 | 0.24 | 2.17 | 10.16 |
| SKPJF SKY Perfect JSAT Holdings Inc. |
- -% |
12.12 | 43.03 | - | 0.05 | 3.32 | 4.16 | 10.36 |
| RGLXF RTL Group S.A |
- -% |
41.00 | 22.53 | 7.12 | 1.01 | 1.39 | 1.10 | 8.01 |
| RGLXY RTL Group SA ADR |
-0.11 3.18% |
3.35 | 50.86 | 11.05 | 0.88 | 1.17 | 1.03 | 11.21 |
| NXST Nexstar Broadcasting Group Inc |
-0.01 0.00% |
209.73 | 32.28 | 9.06 | 0.89 | 2.32 | 2.86 | 11.02 |
Gray Media, Inc., a multimedia company, owns and/or operates local television stations and digital assets in the United States. The company operates through Broadcasting, Production Companies, and Other segments. It also owns Gray Digital Media, a digital agency that provides clients with digital marketing strategies; and operates video production companies and studio production facilities. The company was formerly known as Gray Television, Inc. and changed its name to Gray Media, Inc. in July 2002. Gray Media, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia.
| Name | Title | Year Born |
|---|---|---|
| Mr. Hilton Hatchett Howell Jr. | Exec. Chairman & CEO | 1962 |
| Mr. Donald Patrick LaPlatney | Pres, Co-CEO & Director | 1960 |
| Mr. James C. Ryan | Exec. VP & CFO | 1961 |
| Mr. Robert Lawrence Smith | Exec. VP & COO | 1963 |
| Mr. Kevin P. Latek | Exec. VP, Chief Legal & Devel. Officer and Sec. | 1971 |
| Mr. Jackson S. Cowart IV | Sr. VP & Chief Accounting Officer | NA |
| Mr. David Burke | Sr. VP & Chief Technology Officer | NA |
| Ms. Charlie Effinger | VP of Corp. Devel. | NA |
| Ms. Karen Youger | Sr. VP of Sales Operations | NA |
| Ms. Meg Little | Group Director of Marketing & Client Services | NA |
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