Gray Media: 6.9% Yield Is Not Enough

Gray Media, a digital media company, is offering a 6.9% yield on its preferred stock. However, some analysts believe that this yield is not high enough to compensate for the risks associated with the company's business model.

Analysts have raised concerns about Gray Media's dependence on advertising revenue and its exposure to the volatile digital advertising market.

The company has been facing headwinds in recent months due to a slowdown in advertising spending by its clients.