Gray Media vs Reservoir Media

This page compares Gray Media and Reservoir Media, examining their business models, financial performance, and the market context in which they operate. It presents neutral, accessible information to help readers understand how each company positions itself within the media landscape, without making judgments or predictions. Educational content, not financial advice.

This page compares Gray Media and Reservoir Media, examining their business models, financial performance, and the market context in which they operate. It presents neutral, accessible information to ...

About The Companies

Gray Media (GTN)

Gray Television, Inc. (GTN) is a US-based owner and operator of local broadcast television stations and related digital properties, with a market capitalisation around $544.00M. It earns revenue from local and national advertising (including election cycles), retransmission consent fees from cable and satellite providers, and growing digital and streaming initiatives. Investors should note the sector’s cyclicality — advertising revenue can fluctuate with the economy and political advertising — while consolidation in broadcasting can offer cost synergies but also integration risk. Industry trends such as cord-cutting and competition from streaming services create both challenges and opportunities for monetisation. Financial strength, leverage from acquisitions and management execution on digital growth are key factors to monitor. This is general educational information, not personalised investment advice; values can rise or fall and prospective investors should check up-to-date financials and consider suitability for their own circumstances.

Reservoir Media (RSVR)

Reservoir Media Inc (RSVR) is an independent music-rights company that acquires, manages and monetises publishing and recorded-music catalogues. The business earns revenue from streaming royalties, licensing (including sync placements), performance income and distribution services. With a market capitalisation of $502.84M, Reservoir’s model is asset-driven: growth often comes from catalogue acquisitions and successful exploitation of songs across media. That offers recurring cash flows but also exposes the company to deal-related costs, amortisation of acquired catalogues and variability in consumer tastes and royalty rates. Investors should note potential sensitivity to streaming trends, interest rates and the competitive market for rights. This summary is educational only and not personalised advice; values can rise and fall and past performance is not a reliable guide to future returns. Consider your risk tolerance and seek professional advice before making investment decisions.

Comparison Snapshot

Key Financial Metrics

GTN

Metric

RSVR

$590.76M

Market Cap

$495.85M

20.08%

Potential Profit

75.73%

Buy

Analyst Rating

Buy

Which Baskets Do They Appear In?

Media Consolidation: The Paramount-Skydance Ripple Effect

The FCC's approval of the $8 billion merger between Paramount and Skydance reshapes the media landscape, creating a new entertainment powerhouse. This major consolidation presents an opportunity for rival media companies and content producers to gain a competitive edge as the new entity navigates its integration.

Published: July 26, 2025

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Which Baskets Do They Appear In?

Media Consolidation: The Paramount-Skydance Ripple Effect

The FCC's approval of the $8 billion merger between Paramount and Skydance reshapes the media landscape, creating a new entertainment powerhouse. This major consolidation presents an opportunity for rival media companies and content producers to gain a competitive edge as the new entity navigates its integration.

Published: July 26, 2025

Explore Basket

Investment Analysis

Gray Media

GTN

Pros

Operates a diversified portfolio of local television stations and digital media assets across 113 U.S. markets, providing broad geographic reach.
Has a low valuation with a price-to-earnings ratio around 6.3, suggesting relative undervaluation compared to peers and historical averages.
Pays a stable dividend yield near 3%, supported by profitable operations and steady cash flow generation.

Considerations

Reported a significant year-over-year revenue decline of over 20% in Q3 2025, indicating weak sales momentum.
Faces execution risks with recent revenue guidance coming in below analyst expectations, signaling potential operational challenges.
Returns on capital remain low and growth opportunities appear limited, reflecting structural challenges in the local broadcasting industry.

Reservoir Media

RSVR

Pros

Reservoir Media is a growing independent music company with expanding intellectual property assets and diverse revenue streams including publishing and recorded music.
Has a strong track record of acquiring high-value music rights which can generate recurring royalties and licensing fees.
Benefits from secular growth trends in music streaming and digital media consumption driving demand for music rights.

Considerations

Market valuation can be volatile due to sensitivity to music industry trends and macroeconomic factors affecting entertainment spending.
Relies heavily on successful content acquisition and licensing deals to maintain earnings growth, exposing it to execution and negotiation risks.
Faces competitive pressure from larger music conglomerates which may limit pricing power and growth potential in key markets.

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About The Companies

Comparison Snapshot

Which Baskets Do They Appear In?

Media Consolidation: The Paramount-Skydance Ripple Effect

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Media Consolidation: The Paramount-Skydance Ripple Effect