Financial PerformanceFirst-quarter guidance suggests year-over-year core advertising revenue growth below previous estimates, with higher expenses and lower EBITDA.
Leverage And RiskGTN's net leverage is expected to remain high, with estimates indicating mid-5x leverage until a significant political quarter, which adds risk to the stock.
Stock RatingChallenges include linear churn, slowing retransmission revenue growth, and high programming costs, leading to a reduction in stock rating to MARKET PERFORM.