I first purchased at $6. Just picked up that same amount at $2.25. The main reason is so I can eventually sell the first purchase for a tax loss. (I guess I rushed into my first purchase.)
My only problem with GTN is that most of the enterprise value is made up of debt. So even if the stock falls 75 percent (as it has), the fall in the stock price has a smaller affect on the overall value of the company since debt makes up most of the capital. Your not getting it for 75 percent off. Your getting it for about 25 percent off.
However, If you do not have a position at this time, I cannot help but think that now is the time to buy.