FCC Approves Gray Television's Acquisition of Three Media Stations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 23 2026
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Should l Buy GTN?
The Federal Communications Commission has approved Gray Television's acquisition of three Allen Media stations, rejecting DIRECTV's petition to deny and dismissing several other objections. "The Video Division, Media Bureau has before it the above-referenced applications seeking consent to the assignment of the licenses of broadcast television stations WLFITV, Lafayette, Indiana; WTHI-TV, Terre Haute, Indiana; and WTVA, Tupelo, Mississippi, from subsidiaries of Allen Media to Gray Television Licensee. DIRECTV filed a petition to deny the Applications... Finally, based on our own review of the Applications and the record in this matter, we find that the Applications fully comply with the Commission's rules. In addition, we have not identified any other issues or potential public interest harms that would require further consideration. We therefore conclude that grant of the Applications would serve the public interest. Accordingly, IT IS ORDERED... that the Applications, seeking consent to assignment of the licenses of broadcast television stations WLFI-TV, Lafayette, Indiana; WTHI-TV, Terre Haute, Indiana; and WTVA, Tupelo, Mississippi, from subsidiaries of Allen Media, LLC, to Gray Television Licensee, LLC, ARE GRANTED," it said.
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Analyst Views on GTN
Wall Street analysts forecast GTN stock price to rise
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 4.430
Low
5.50
Averages
7.25
High
10.00
Current: 4.430
Low
5.50
Averages
7.25
High
10.00
About GTN
Gray Media, Inc., formerly Gray Television, Inc., is a multimedia company. The Company owns local television (TV) stations and digital assets serving approximately 113 television markets in the United States. The Company's portfolio includes approximately 77 markets with television stations and 100 markets, as well as the Telemundo Affiliate group with 43 markets totaling nearly 1.5 million Hispanic TV households. The Company also owns Gray Digital Media, a full-service digital agency offering national and local clients digital marketing strategies with the advanced digital products and services. Its media properties include video production companies Raycom Sports, Tupelo Media Group, and PowerNation Studios, and studio production facilities Assembly Atlanta and Third Rail Studios. The Company also owns a majority interest in Swirl Films.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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