The problem with Gray Communication is the Management. They have very poor leadership in their stations. Customers are treated poorly and that is why you see such low during non political years. I was there for 10+ years and they continued down a road that they can not recover from. They need to clean house before the stock will ever rebound back. Plus they do towers ready to fall over. Everything is old and it will cost them mega $$ to update. I would recommend to run not walk away from this stock.