Welcome to our dedicated page for Gray Television news (Ticker: GTN), a resource for investors and traders seeking the latest updates and insights on Gray Television stock.
Gray Media, Inc. reports developments across a multimedia business built around local television stations, digital assets, and production properties. Its recurring news includes advertising demand, political revenue, retransmission consent economics, station acquisitions, and quarterly financial results for a broadcasting portfolio serving 120 full-power television markets.
Company updates also cover Gray Digital Media, digital and streaming distribution, Telemundo affiliates, sports and video production properties such as Raycom Sports, Tupelo Media Group, PowerNation Studios, Assembly Atlanta, and Third Rail Studios, as well as dividends, investor events, leadership appointments, and governance matters.
Gray Media (GTN) entered a full-season broadcast partnership with the Orlando Magic to air approximately 70 regular season games in Gainesville, Panama City, and Tallahassee during the 2026-27 NBA season.
All non-national-exclusive games will be shown free, over-the-air on WTGB 34.3, WJHG 7.6, and WCTV 6.3, each affiliated with the 365BLK network and also carried on local cable. Select games will additionally air on Gray’s ABC, NBC, CBS, and MyNetwork stations in these markets. Dante Marchitelli will handle play-by-play alongside analyst Jeff Turner, with Kendra Douglas as team reporter. The Magic plan to announce a direct-to-consumer streaming partner at a later date.
Gray Media (NYSE: GTN) appointed William Varnier as General Manager of WDBJ, the CBS affiliate serving Roanoke, Virginia, effective October 5, 2026. Varnier is a Virginia native with over three decades in local television, most recently Creative Services Director at Gray’s KCTV5 in Kansas City.
Gray Media (NYSE: GTN) has closed its previously announced offering of $750 million aggregate principal amount of 7.500% senior secured first lien notes due 2034, issued at par. Net proceeds will fund the redemption of $675 million of 10.500% senior secured first lien notes due 2029, repay $21 million under its revolving credit facility, and cover related fees and expenses.
Following the expected August 27, 2026 redemption, Gray anticipates $350 million of 2029 notes will remain outstanding. The new notes are guaranteed on a senior secured first lien basis by restricted subsidiaries that guarantee Gray’s senior credit facility, bear interest from August 21, 2026, payable semiannually starting March 15, 2027, and mature on September 15, 2034. The notes were privately placed to qualified institutional buyers under Rule 144A and to certain non-U.S. investors under Regulation S.
Gray Media (NYSE: GTN) will air two Atlanta Braves games with Spanish-language coverage across 18 Telemundo affiliate stations in the Southeast: August 25 vs. the Los Angeles Dodgers and September 8 vs. the Tampa Bay Rays, both at 7:15 p.m., preceded by a locally produced pre-game show.
Gray Media (NYSE: GTN) has priced a private offering of $750 million aggregate principal amount of 7.500% senior secured first lien notes due 2034, issued at 100% of par. Closing is expected on August 21, 2026, subject to customary conditions.
According to Gray, net proceeds are intended to redeem a portion of its outstanding 10.500% senior secured first lien notes due 2029, repay part of its revolving credit facility borrowings, and cover related fees and expenses. The notes will be guaranteed on a senior secured first lien basis by restricted subsidiaries that guarantee Gray’s existing senior credit facility.
Gray Media (NYSE: GTN) announced that the Radio Television Digital News Association awarded its stations and national investigative unit nine National Edward R. Murrow Awards for 2026, the most of any broadcast or cable television organization or local TV group.
Winners include WANF Atlanta for Overall Excellence (Large Market), WSMV Nashville for a podcast episode, WVUE New Orleans and KTUU Anchorage for News Series, KWCH Wichita for a newscast, WOWT Omaha for Sports Reporting, KWTX Waco for Feature Reporting, WMBF Myrtle Beach for Excellence in Video, and InvestigateTV for a Hard News investigation into a nationwide “ghost plate” toll scheme. Earlier in the year, 41 Gray stations earned 93 regional Murrow Awards, highlighting the group’s broad recognition for journalism.
Gray Media (NYSE: GTN) announced its intention to privately offer up to $750 million aggregate principal amount of senior secured first lien notes due 2034, subject to market conditions. The offering will be conducted under Rule 144A and Regulation S, exempt from Securities Act registration.
According to Gray, net proceeds are intended to redeem a portion of its outstanding 10.500% senior secured first lien notes due 2029, repay part of its revolving credit facility borrowings, and pay related fees and expenses. The notes will be guaranteed on a senior secured first lien basis by restricted subsidiaries that guarantee Gray’s existing senior credit facility.
Gray Media (NYSE: GTN) declared a quarterly cash dividend of $0.08 per share on its common and Class A common stock. The dividend will be paid on September 30, 2026 to shareholders of record as of the close of business on September 15, 2026.
Gray describes itself as a multimedia company based in Atlanta, operating top-rated local television stations and digital assets across 117 U.S. markets, reaching about 37% of U.S. TV households.
Gray Media (NYSE: GTN) reported second quarter 2026 revenue of $839 million, up 9% year over year, with the 2026 acquisitions contributing $41 million. Core advertising was $357 million (down 1%), while political advertising jumped to $83 million from $9 million a year earlier. Retransmission consent revenue declined 3% to $359 million, but Net Retransmission Revenue rose 10% to $150 million as network affiliation fees fell.
Broadcasting expenses increased 1% to $569 million. Corporate and administrative expenses rose to $37 million, above guidance, largely from transaction-related costs. Adjusted EBITDA grew 27% to $214 million, and net income was $14 million versus a $56 million loss in Q2 2025. Total debt principal was $5.87 billion and cash was $176 million. Recent actions include issuing $70 million of 2033 first lien notes, repurchasing $120 million of 2029/2031 notes, and a new $250 million debt repurchase authorization. Third quarter 2026 guidance calls for revenue of $935–$965 million and political advertising of $165–$185 million.
Summary not available.