Gray Media and Graham Media Group Raise More Than $1.1 Million Dollars for Texas Flooding Relief
Rhea-AI Summary
Gray Media (NYSE:GTN) and Graham Media Group have successfully raised over $1.1 million through their joint fundraiser 'Together for Texas' to support communities affected by the July 4th flooding in Central Texas and the Hill Country. The campaign, launched across Gray's 113 markets and Graham's KSAT and KPRC stations, partnered with The Salvation Army to provide essential aid to affected residents.
The funds will support various recovery needs, including food, water, relief supplies, clean-up materials, furniture, and assistance for small businesses. The Salvation Army plans to maintain support through disaster recovery centers over the next 12 to 24 months. Donations continue to be accepted at togetherfortx.com.
Positive
- Joint fundraising effort successfully raised over $1.1 million for flood relief
- Extensive reach through 113 markets covering approximately 37% of US television households
- Long-term commitment to support recovery efforts over 12-24 months
Negative
- None.
News Market Reaction – GTN
On the day this news was published, GTN declined 6.33%, reflecting a notable negative market reaction. Argus tracked a trough of -19.5% from its starting point during tracking. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $28M from the company's valuation, bringing the market cap to $421M at that time. Trading volume was elevated at 2.2x the daily average, suggesting increased selling activity.
Data tracked by StockTitan Argus on the day of publication.
ATLANTA, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Gray Media and Graham Media Group announced today their joint fundraiser, Together for Texas, has generated more than
“This outpouring highlights the incredible impact broadcasters and the communities we serve can create by uniting to help people in need and make a true difference. We are enormously thankful to the thousands of viewers nationwide who contributed so generously and to Graham Media Group for collaborating with us on this effort,” Gray’s President and Co-CEO Pat LaPlatney said.
Donations provide residents and survivors with essential food, water, relief supplies, and emotional and spiritual support. Funds are also available for a variety of recovery needs, including clean-up supplies, building materials, furniture and household items, and to assist small, self-employed businesses in resuming their operations.
“We are deeply grateful to our community and our partners at Gray Media for helping us exceed
The Salvation Army will continue to provide aid at Disaster Recovery Centers in the affected region and plans to support the recovery process over the next 12 to 24 months. Donations are still being accepted at togetherfortx.com.
About Gray Media:
Gray Media, Inc. (NYSE: GTN) is a multimedia company headquartered in Atlanta, Georgia. The company is the nation’s largest owner of top-rated local television stations and digital assets serving 113 television markets that collectively reach approximately 37 percent of US television households. The portfolio includes 78 markets with the top-rated television station and 99 markets with the first and/or second highest rated television station during 2024, as well as the largest Telemundo Affiliate group with 44 markets. The company also owns Gray Digital Media, a full-service digital agency offering national and local clients digital marketing strategies with the most advanced digital products and services. Gray’s additional media properties include video production companies Raycom Sports, Tupelo Media Group, and PowerNation Studios, and studio production facilities Assembly Atlanta and Third Rail Studios. For more information, please visit www.graymedia.com.
Gray Contact:
Sandy Breland, Executive Vice President and Chief Operating Officer, 404-266-8333
About Graham Media Group:
Graham Media Group is comprised of seven local media powerhouses, plus Graham Digital, Omne and Social News Desk – all delivering local news, programming, advertising solutions and digital media tools for television, online, mobile, streaming, podcasts, and audio devices. We are dynamic, local brands that extend well beyond traditional broadcast television. Our work helps inform, celebrate and knit together the communities we serve. Headquartered in Detroit, GMG operates in four states: KPRC–Houston, WDIV–Detroit and WSLS–Roanoke (NBC); KSAT–San Antonio (ABC); WKMG–Orlando (CBS); WJXT–Jacksonville (fully local), and WCWJ–Jacksonville (CW). Graham Digital is a digital media and technology development group widely recognized as a top industry innovator. Omne is a leader in results-driven marketing solutions. Social News Desk provides its 2500+ worldwide newsroom-customers with a single dashboard to publish, measure, curate and monetize local news content on social platforms. Graham Media Group is a subsidiary of Graham Holdings Company (NYSE: GHC).
For more information:
Nate Mills, Director of Marketing, KSAT12/ABC, MeTV.
Phone: 210-351-1245.
Email: nmills@ksat.com
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