Gray Media Announces NBC Affiliation Renewal
Gray Media (NYSE: GTN) announced a multi-year renewal of its NBC station affiliation agreements covering all 54 markets where Gray owns NBC stations.
Rhea-AI Summary
Gray Media (NYSE: GTN) announced a multi-year renewal of its NBC station affiliation agreements covering all 54 markets where Gray owns NBC stations. The agreement preserves full carriage of NBC network programming, including TODAY, NBC Nightly News, Sunday Night Football, the NBA, the Olympics and Paralympics, and top entertainment franchises.
The affiliation reaches more than 14 million households (about 11% of U.S. TV households) and supports Gray’s broader portfolio that reaches approximately 37% of U.S. TV households.
Positive
- Affiliation renewed across 54 markets (multi-year)
- Preserves full carriage of NBC premium programming
- Protects access to > 14 million households (~11% U.S.)
- Supports Gray’s portfolio reach of 37% of U.S. TV households
Negative
- None.
Details
News Market Reaction – GTN
In the Dec 23 session, GTN gained 1.64%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- NBC markets
- 54 markets
- Number of NBC-affiliated stations covered by renewed agreements
- Household reach
- more than 14 million households
- Coverage of Gray’s NBC-affiliated stations under renewed deal
- US TV share
- nearly 11% of U.S. TV households
- Portion of U.S. TV homes reached by Gray’s NBC affiliates
- Total TV markets
- 113 television markets
- Gray portfolio reach across U.S. television markets
- US TV coverage
- approximately 37 percent
- Share of US television households reached by Gray overall
- Top-rated markets
- 78 markets
- Markets where Gray owns the top-rated television station
- Top 2-rated markets
- 99 markets
- Markets with first and/or second highest rated station
- Telemundo affiliates
- 44 markets
- Size of Gray’s Telemundo Affiliate group
Historical Context
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Appointed experienced Wall Street analyst to lead investor relations.
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Announced WBBJ-TV purchase, expected to be free cash flow accretive.
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Closed $250M additional 9.625% second lien notes due 2032.
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Launched nationwide “We the People” storytelling across TV and digital.
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Announced $250M private placement of 9.625% notes for refinancing.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ATLANTA, Dec. 23, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. and NBC today announced a multi-year deal that extends and renews the station affiliation agreements for all 54 markets nationwide in which Gray owns and operates NBC affiliated television stations. This coverage reaches more than 14 million households – nearly
The new agreement includes full carriage of the NBC broadcast network, including “TODAY,” “NBC Nightly News,” “Sunday Night Football,” the NBA, the Olympics and Paralympics, “One Chicago” franchise, “The Voice,” “The Tonight Show Starring Jimmy Fallon” and more. In the current 2025-26 television season, NBC is the #1 network in all programming in both demos.
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.
Contact:
Kevin P. Latek, Executive Vice President, Chief Legal and Development Officer, 404-266-8333
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FAQ
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