Gray Media, Inc.
Gray Media, Inc. (NYSE: GTN; NYSE: GTN.A) is a multimedia company that owns and operates local television stations and digital media businesses across the United States. Its stations provide local news, information, sports and entertainment programming through broadcast channels, websites, apps and free ad-supported… From the company’s description.
Over the twelve months to Sep 30, 2026, Gray Media, Inc. reported revenue of $3.37B, up 0.7% from a year earlier, and net income of $62.00M. Its operating margin was 17.8%, and operations generated $370.00M in cash. In fiscal 2025, it reported revenue of $3.10B, down 15.1% from fiscal 2024, and a net loss of $85.00M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Gray Media, Inc. does
In the company’s own words
Gray Media, Inc. (NYSE: GTN; NYSE: GTN.A) is a multimedia company that owns and operates local television stations and digital media businesses across the United States. Its stations provide local news, information, sports and entertainment programming through broadcast channels, websites, apps and free ad-supported streaming channels; revenue comes primarily from advertising and retransmission consent fees paid by cable, satellite and other video distributors. Gray also owns Gray Digital Media, a digital marketing agency serving national and local clients, and video production businesses Raycom Sports, Tupelo Media Group and PowerNation Studios, as well as Assembly Atlanta and Third Rail Studios. Its television stations serve 114 full-power markets, reaching approximately 37% of U.S. television households, and it operates a Telemundo affiliate group in 47 markets. The company reports its business as a single operating segment. Revenue was $3.1 billion for the year ended December 31, 2025, and it had 9,582 full- and part-time employees as of February 20, 2026. Founded as a newspaper publisher in 1897, Gray entered broadcasting in 1953 and changed its name from Gray Television to Gray Media in 2025. Its website is www.graymedia.com.
Company details
- Sector
- Communication Services
- Industry (SIC)
- Communications
- Headquarters
- ATLANTA, GA
- Fiscal year end
- December
- CIK
- 43196
- SIC
- 4833
Financial performance, year by year
Fiscal 2011–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Gray Media, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Gray Media, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
By share class
| Class | Held by funds | Funds | Shares out |
|---|---|---|---|
| GTNcommon stock (no par value) | 28.5% | 174 | 93.1M |
| GTN/AClass A common stock (no par value) | 2.8% | 16 | 9.9M |
Gray Media, Inc.’s bonds, as funds hold them
Funds report holding 5 issues of Gray Media, Inc.’s debt, $1.91B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 8.21%, maturing 2029 to 2033.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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