Gray Media and NBC Renew Multi-Year Deal Covering 14 Million Households
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2025
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Gray Media and NBC announced a multi-year deal that extends and renews the station affiliation agreements for all 54 markets nationwide in which Gray owns and operates NBC affiliated television stations. This coverage reaches more than 14 million households - nearly 11% of U.S. TV households - including Nashville, TN; Louisville, KY; Memphis, TN; Richmond, VA; and more. The new agreement includes full carriage of the NBC broadcast network, including "Today," "NBC Nightly News," "Sunday Night Football," the NBA, the Olympics and Paralympics, "One Chicago" franchise, "The Voice," "The Tonight Show Starring Jimmy Fallon" and more. In the current 2025-26 television season, NBC is the #1 network in all programming in both demos.
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Analyst Views on GTN
Wall Street analysts forecast GTN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GTN is 7.25 USD with a low forecast of 5.50 USD and a high forecast of 10.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 4.210
Low
5.50
Averages
7.25
High
10.00
Current: 4.210
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.
Gray Media (GTN) to Release Q4 2025 Earnings on February 26, 2026
- Earnings Release Schedule: Gray Media will announce its earnings for the quarter ending December 31, 2025, on February 26, 2026, reflecting the company's commitment to transparency and investor communication.
- Conference Call Details: The company will host a conference call at 11:00 a.m. Eastern Time on the same day, with participants required to dial in at 1-800-715-9871 or 1-646-307-1963, ensuring timely updates on financial performance for investors.
- Market Coverage: Gray Media is the largest owner of local television stations and digital assets in the U.S., serving 113 television markets that collectively reach approximately 37% of U.S. television households, showcasing its significant influence in the media industry.
- Digital Marketing Services: The company's Gray Digital Media division offers advanced digital marketing strategies, further enhancing its competitive edge among national and local clients.
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Gray Media (GTN) Announces Q4 2025 Earnings Release and Conference Call Details
- Earnings Release Schedule: Gray Media will release its earnings for the quarter ending December 31, 2025, on February 26, 2026, highlighting the company's commitment to transparency and investor communication.
- Conference Call Details: The company will host a conference call at 11:00 AM Eastern Time on the same day, with participants required to dial in at 1-800-715-9871 or 1-646-307-1963, demonstrating its focus on investor engagement.
- Market Coverage: Gray Media is the largest owner of local television stations and digital assets in the U.S., serving 113 television markets and reaching approximately 37% of U.S. TV households, underscoring its leadership in the media industry.
- Digital Marketing Services: Gray Digital Media offers advanced digital marketing strategies, enhancing the company's competitiveness in the digital advertising space and reflecting its diversified business model.
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