Gray Television Inc Stock Price, News & Analysis

Gray Media (NYSE:GTN) has announced an agreement to acquire two television stations from SagamoreHill Broadcasting: WLTZ (NBC affiliate in Columbus, Georgia - DMA 127) and KJTV (FOX affiliate in Lubbock, Texas - DMA 140).

Gray already provides back-office services to both stations through its existing ABC and NBC affiliates in these markets. The company expects to close these transactions in Q4 2025, subject to regulatory approval. Gray will seek FCC waivers under the "failing station" standard, similar to its recent KXLT acquisition in Rochester, Minnesota.

Gray Media is currently the largest owner of top-rated local television stations in the US, reaching approximately 37% of US television households across 113 markets.

Gray Media (NYSE:GTN) has appointed Eric Walters as the new General Manager of KNOE and KAQY-LD, its CBS and ABC affiliates in Monroe, Louisiana, effective September 1, 2025.

Walters brings significant experience from his current role as GM of KMVT and KSVT-LD in Twin Falls, Idaho, where he improved ratings and digital content. Previously, as News Director at WDBJ, he led the station to win consecutive Edward R Murrow awards and launched innovative programming including a Spanish language digital newscast.

Gray Media operates as the largest owner of top-rated local television stations in the US, reaching approximately 37% of US television households across 113 markets.

Gray Media (NYSE: GTN) has successfully completed its offering of $775 million in senior secured first lien notes, due 2033, with a 7.250% interest rate. The notes were issued at par, with interest payments scheduled semiannually starting February 15, 2026.

The net proceeds were strategically deployed to refinance existing debt: $630 million to Term Loan D (leaving $739 million outstanding), $80 million to Term Loan F (reducing it to $10 million), and $50 million to clear the Revolving Credit Facility (providing $750 million in undrawn availability). The notes are guaranteed by Gray's restricted subsidiaries and were offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.

Gray Media (NYSE:GTN) has announced the appointment of award-winning investigative reporter Anna Werner to its national investigative unit, InvestigateTV, effective August 18, 2025. Werner, formerly National Senior Consumer Investigative Correspondent at CBS News, brings over 25 years of investigative experience and an impressive collection of awards including 33 Emmys and two Peabody Awards.

Werner's notable achievements include investigations that led to the nation's largest tire recall and reforms in healthcare systems. In her new role, she will contribute to InvestigateTV's daily programming and host a new streaming show. The appointment strengthens Gray Media's investigative journalism capabilities, which reaches approximately 37 percent of US television households across 113 markets.

Gray Media (NYSE: GTN) has announced the pricing of $775 million in senior secured first lien notes due 2033, representing a $75 million increase from the previously announced amount. The notes carry a 7.250% interest rate and were priced at 100% of par.

The offering, expected to close on July 25, 2025, will be used to repay portions of Gray's term loans D and F, clear outstanding revolving credit facility debt, cover offering expenses, and support general corporate purposes. The notes will be guaranteed by Gray's existing and future restricted subsidiaries that guarantee its current senior credit facility.

Gray Media (NYSE:GTN) has announced a private offering of up to $700 million in senior secured first lien notes due 2033. The notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.

The company plans to use the net proceeds, along with borrowings from its revolving credit facility, to repay portions of its term loan D (due December 2028) and term loan F (due June 2029). The notes will be guaranteed by Gray's existing and future restricted subsidiaries that guarantee its current senior credit facility.

Gray Media (NYSE:GTN) has announced significant changes to its credit facilities. The company has increased its revolving credit facility by $50 million to $750 million and extended its maturity date from December 1, 2027 to December 1, 2028.

In connection with this amendment and a previously announced $900 million senior secured notes offering, Gray now has $700 million of undrawn availability under the revolving credit facility. The company has also repaid $402.5 million of its term loan F, leaving a $90 million balance and satisfying all mandatory amortization payments before maturity.

Gray Media (NYSE: GTN) has successfully completed its offering of $900 million in senior secured second lien notes, due 2032, with a 9.625% interest rate. The notes were issued at par, with interest payments scheduled semiannually starting January 15, 2026.

The proceeds, combined with revolving credit facility borrowings, will be used to redeem Gray's outstanding 7.000% senior notes due 2027, repay $402.5 million of Term Loan F (leaving $90 million outstanding), and cover offering expenses. The notes are guaranteed by Gray's restricted subsidiaries and were offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.

Gray Media (NYSE:GTN) has announced a groundbreaking partnership with University of Tennessee Athletics and the Vol Network, establishing Gray's stations as the Official Television Stations of the Tennessee Volunteers. The partnership, extending through June 2028, will operate through the newly launched Tennessee Valley Sports Network (TVSN), covering Tennessee's three largest markets.

The partnership will deliver over seven hours of exclusive Tennessee Athletics content, including a new football pre-game show called "Volunteer Gameday." The show will feature Mike Keith, Brittany Tarwater, and former Tennessee quarterback Heath Shuler. TVSN will leverage Gray's flagship stations in Knoxville (WVLT), Nashville (WSMV), and Memphis (WMC) to reach across East, Middle, and West Tennessee, with plans to expand to Chattanooga and Jackson.