Gray Media and Allen Media Group Complete $171 Million Transactions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy GTN?
Source: Newsfilter
- Transaction Closure: Gray Media and Allen Media Group have successfully closed transactions valued at $171 million, involving the acquisition of multiple television stations, marking a significant strategic partnership.
- Market Expansion: Gray Media acquired stations in three new markets on March 26, 2026, and completed the acquisition of seven overlapping markets today, further enhancing its market coverage.
- Industry Leadership: As the largest owner of local television stations and digital assets in the U.S., Gray Media reaches 37% of U.S. television households and holds top-rated stations in 80 markets, solidifying its leadership in the media industry.
- Diversified Assets: Gray Media also owns various video production companies and digital marketing agencies, offering advanced digital products and services, thereby strengthening its competitive position in the rapidly evolving media landscape.
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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: 5.480
Low
5.50
Averages
7.25
High
10.00
Current: 5.480
Low
5.50
Averages
7.25
High
10.00
About GTN
Gray Media, Inc. is a multimedia company. The Company owns local television stations and digital assets serving approximately 114 full-power television markets in the United States. The Company's portfolio includes 77 markets with television stations and 97 markets, as well as the Telemundo Affiliate group with 47 markets totaling over 1.6 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 advanced digital products and services. Its additional media properties include video production companies Raycom Sports, Tupelo Media Group, and PowerNation Studios, and studio production facilities Assembly Atlanta and Third Rail Studios.
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.
Gray Media and Allen Media Group Complete $171 Million Transactions
- Transaction Closure: Gray Media and Allen Media Group have successfully closed transactions valued at $171 million, involving the acquisition of multiple television stations, marking a significant strategic partnership.
- Market Expansion: Gray Media acquired stations in three new markets on March 26, 2026, and completed the acquisition of seven overlapping markets today, further enhancing its market coverage.
- Industry Leadership: As the largest owner of local television stations and digital assets in the U.S., Gray Media reaches 37% of U.S. television households and holds top-rated stations in 80 markets, solidifying its leadership in the media industry.
- Diversified Assets: Gray Media also owns various video production companies and digital marketing agencies, offering advanced digital products and services, thereby strengthening its competitive position in the rapidly evolving media landscape.
See More
DISH NETWORK AND GRAY MEDIA SIGN NEW MULTI-YEAR CARRIAGE DEAL
New Partnership Announcement: Dish Network and Gray Media have entered into a multi-year carriage agreement to enhance their broadcasting capabilities.
Impact on Viewers: This agreement is expected to improve access to local channels for Dish Network subscribers, providing a wider range of content options.
See More
Gray Media Launches Star-Spangled Sing-Off Contest
- Contest Launch: Gray Media officially launches the Star-Spangled Sing-Off on May 1, 2026, inviting Americans to submit solo a cappella performances of the National Anthem, with the winner receiving an all-expenses-paid trip to Nashville, highlighting the company's commitment to community culture.
- Celebratory Initiative: This contest is part of Gray's 'We the People' initiative, celebrating the 250th anniversary of the United States, aiming to connect national history with local commemorations through a multiplatform effort that enhances community engagement.
- Entry Details: Participants must upload their complete a cappella performance video on their local Gray station's website by May 31, with viewers invited to vote for their favorite performances, and the final winner announced on July 2, coinciding with the national birthday celebration.
- Company Overview: Gray Media is the largest owner of local television stations and digital assets in the U.S., reaching 37% of U.S. TV households across 117 markets, providing a broad promotional platform for this event through its diverse media assets and strong market presence.
See More
Quickplay Unveils AI-Driven Content Solutions at NAB 2026
- AI Technology Innovation: Quickplay's Social Signals technology, unveiled at NAB 2026, identifies social signals and trending topics within minutes, matching them with high-value content, which is expected to significantly enhance content teams' publishing efficiency and strengthen the company's competitive edge in the rapidly evolving media landscape.
- Customer Deployment Transformation: In partnership with Gray Media, Quickplay successfully consolidated 1,300 digital touchpoints into a data-driven platform managing 269 live channels and 123 FAST channels, reaching 37% of U.S. TV households, greatly enhancing the delivery of hyper-local content.
- Cloud Platform Transformation: Quickplay completed a cloud-native transformation for Television New Zealand's TVNZ+, replacing over six vendors with a unified platform, which is anticipated to drive innovation and reduce costs while serving over two million New Zealand viewers daily.
- Industry Research Release: The research report released in collaboration with Caretta Research highlights that North American broadcasters spend approximately 75% of their time on technical workflows, leaving only 25% for content creation, emphasizing the importance of automated workflows in meeting the growing demand for short-form video and improving overall industry efficiency.
See More
Gray Media Appoints New General Manager for WTHI
- New General Manager: Gray Media has appointed Jim Hays as the new General Manager of WTHI (CBS/Fox), effective April 13, 2026, bringing over 30 years of experience in brand building and local revenue generation, which is expected to enhance the station's market performance.
- Extensive Industry Experience: Hays most recently served as Marketing Director for Gray Media's WOIO (CBS), WUAB (MyNet), and WTCL (Telemundo) in Cleveland, and his rich marketing background is anticipated to create new growth opportunities for WTHI.
- Community Impact: During his tenure at WIS-TV in Columbia, Hays led the team to win the NAB Service to America Award for the
See More
Jim Hays Appointed General Manager of WTHI in Terre Haute, Indiana by Gray Media
- New Appointment: Gray Media has appointed Jim Hays as the General Manager of WTHI in Terre Haute, Indiana.
- Leadership Experience: Jim Hays brings extensive experience in media management to his new role at WTHI.
See More
Gray Media and Allen Media Group Complete $171 Million Transactions
- Transaction Closure: Gray Media and Allen Media Group have successfully closed transactions valued at $171 million, involving the acquisition of multiple television stations, marking a significant strategic partnership.
- Market Expansion: Gray Media acquired stations in three new markets on March 26, 2026, and completed the acquisition of seven overlapping markets today, further enhancing its market coverage.
- Industry Leadership: As the largest owner of local television stations and digital assets in the U.S., Gray Media reaches 37% of U.S. television households and holds top-rated stations in 80 markets, solidifying its leadership in the media industry.
- Diversified Assets: Gray Media also owns various video production companies and digital marketing agencies, offering advanced digital products and services, thereby strengthening its competitive position in the rapidly evolving media landscape.
See More
DISH NETWORK AND GRAY MEDIA SIGN NEW MULTI-YEAR CARRIAGE DEAL
New Partnership Announcement: Dish Network and Gray Media have entered into a multi-year carriage agreement to enhance their broadcasting capabilities.
Impact on Viewers: This agreement is expected to improve access to local channels for Dish Network subscribers, providing a wider range of content options.
See More
Gray Media Launches Star-Spangled Sing-Off Contest
- Contest Launch: Gray Media officially launches the Star-Spangled Sing-Off on May 1, 2026, inviting Americans to submit solo a cappella performances of the National Anthem, with the winner receiving an all-expenses-paid trip to Nashville, highlighting the company's commitment to community culture.
- Celebratory Initiative: This contest is part of Gray's 'We the People' initiative, celebrating the 250th anniversary of the United States, aiming to connect national history with local commemorations through a multiplatform effort that enhances community engagement.
- Entry Details: Participants must upload their complete a cappella performance video on their local Gray station's website by May 31, with viewers invited to vote for their favorite performances, and the final winner announced on July 2, coinciding with the national birthday celebration.
- Company Overview: Gray Media is the largest owner of local television stations and digital assets in the U.S., reaching 37% of U.S. TV households across 117 markets, providing a broad promotional platform for this event through its diverse media assets and strong market presence.
See More
Quickplay Unveils AI-Driven Content Solutions at NAB 2026
- AI Technology Innovation: Quickplay's Social Signals technology, unveiled at NAB 2026, identifies social signals and trending topics within minutes, matching them with high-value content, which is expected to significantly enhance content teams' publishing efficiency and strengthen the company's competitive edge in the rapidly evolving media landscape.
- Customer Deployment Transformation: In partnership with Gray Media, Quickplay successfully consolidated 1,300 digital touchpoints into a data-driven platform managing 269 live channels and 123 FAST channels, reaching 37% of U.S. TV households, greatly enhancing the delivery of hyper-local content.
- Cloud Platform Transformation: Quickplay completed a cloud-native transformation for Television New Zealand's TVNZ+, replacing over six vendors with a unified platform, which is anticipated to drive innovation and reduce costs while serving over two million New Zealand viewers daily.
- Industry Research Release: The research report released in collaboration with Caretta Research highlights that North American broadcasters spend approximately 75% of their time on technical workflows, leaving only 25% for content creation, emphasizing the importance of automated workflows in meeting the growing demand for short-form video and improving overall industry efficiency.
See More
Gray Media Appoints New General Manager for WTHI
- New General Manager: Gray Media has appointed Jim Hays as the new General Manager of WTHI (CBS/Fox), effective April 13, 2026, bringing over 30 years of experience in brand building and local revenue generation, which is expected to enhance the station's market performance.
- Extensive Industry Experience: Hays most recently served as Marketing Director for Gray Media's WOIO (CBS), WUAB (MyNet), and WTCL (Telemundo) in Cleveland, and his rich marketing background is anticipated to create new growth opportunities for WTHI.
- Community Impact: During his tenure at WIS-TV in Columbia, Hays led the team to win the NAB Service to America Award for the
See More
Jim Hays Appointed General Manager of WTHI in Terre Haute, Indiana by Gray Media
- New Appointment: Gray Media has appointed Jim Hays as the General Manager of WTHI in Terre Haute, Indiana.
- Leadership Experience: Jim Hays brings extensive experience in media management to his new role at WTHI.
See More
