GTN NYSE
Credit Risk of going bust: higher than 90% of companies Debt: 92.9% of company value Bonds: $508.2M held by 415 funds, 486 bp over Treasuries → details ▾
If the stock fell to about $1.70 (down 61%), Gray Media, Inc. would be worth roughly what it owes.
Total debt $5.89B against a stock market value of $450.0M.
Distance to default 1.59 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $2.92B (short-term plus half of long-term), stock volatility 61.8%; Altman Z'' 0.84. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
Atlanta, GA 30319
US
Gray Media, Inc. is a leading television broadcasting entity that manages an extensive portfolio of TV stations and digital assets throughout the United States, reaching 113 distinct television markets. In addition to its primary channels, the company transmits a diverse range of secondary digital networks, including affiliations with major broadcasters like ABC, CBS, NBC, and FOX. Its specialized digital offerings also encompass networks such as CW Plus, MY Network, MeTV, Justice, This TV, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network. The company further provides localized news and weather channels and offers video program production services. Founded in 1891, Gray Media, Inc. is based in Atlanta, Georgia, and was formerly known as Gray Communications Systems, Inc. before being rebranded as Gray Television, Inc. in August 2002.
Recent Insider Trades
| Name | Type | Shares | Price | Date |
|---|---|---|---|---|
| BOGER RICHARD LEE | S-Sale | 55,000 | $4.19 | 2026-05-19 |
| BOGER RICHARD LEE | S-Sale | 2,000 | $10.12 | 2026-05-19 |
| BOGER RICHARD LEE | A-Award | 30,741 | — | 2026-05-06 |
| NEWTON HOWELL | A-Award | 30,741 | — | 2026-05-06 |
| HOWELL HILTON H JR | A-Award | 30,741 | — | 2026-05-06 |