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The latest update is out from Gray Television ( (GTN) ).
On December 5, 2025, Gray Media, Inc. entered into purchase agreements with accredited investors to sell $250 million of 9.625% Senior Secured Second Lien Notes due 2032 in a private placement. These Additional Notes will be part of the same issuance as the existing $900 million notes issued in July 2025. The proceeds from this offering will be used to redeem a portion of the company’s 10.500% Senior Secured First Lien Notes due 2029, cover fees and expenses related to the offering, and for general corporate purposes. The offering is expected to close on December 12, 2025, and is conducted under an exemption from registration requirements.
The most recent analyst rating on (GTN) stock is a Hold with a $5.50 price target. To see the full list of analyst forecasts on Gray Television stock, see the GTN Stock Forecast page.
Spark’s Take on GTN Stock
According to Spark, TipRanks’ AI Analyst, GTN is a Neutral.
Gray Television’s overall stock score reflects a balance of strong strategic initiatives and financial management against challenges in revenue growth and leverage. The earnings call provided positive insights into future growth through acquisitions and partnerships, but the net loss and political advertising challenges weigh on the outlook. The stock’s valuation is attractive, supported by a high dividend yield, but technical indicators suggest caution in the short term.
To see Spark’s full report on GTN stock, click here.
More about Gray Television
Gray Media, Inc. operates in the media industry, primarily focusing on television broadcasting. The company is known for its portfolio of television stations and digital assets, serving various markets across the United States.
Average Trading Volume: 1,106,815
Technical Sentiment Signal: Sell
Current Market Cap: $508.9M
For detailed information about GTN stock, go to TipRanks’ Stock Analysis page.