Bullish Case: New partnerships with dallas mavericks and CBS could enhance visibility and ad revenues, as management leverages strategic broadcasting rights to target local market expansion and digital transformation successes.


Bearish Case: GTN grapples with a high debt-to-equity ratio amid a challenging broadcasting landscape, facing downward returns and market adversity as evidenced by recent sharp price declines and historical performance.


Potential Outcomes:

1. Successful partnerships drive regional growth: 30%.

2. Debt and sectoral headwinds outweigh gains: 50%.

3. Unexpected macroeconomic shifts or new regulations: 20%.


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April 25, 2024


Gray Television Forecast

GTN        Gray Television
Price Forecast: BEARISH    Price Action: MEAN REVERTING (?)











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