Gray Media Enters Expanded Telemundo Affiliation Agreement
Rhea-AI Summary
Gray Media (NYSE: GTN) entered a multi-year expanded affiliation with Telemundo, adding new affiliates in Dayton, OH (WZCD-LD); Chattanooga, TN (WTVL-CD, WDNN-CD); and Lafayette, LA (KNGC-LD).
The expansion brings Gray’s Telemundo portfolio to over 1.6 million Hispanic TV households, delivers >1,100 hours of local Spanish-language news monthly, and generates >50 million annual digital impressions. Telemundo is the exclusive Spanish-language home of major events including FIFA World Cup 2026™ and Super Bowl LX.
Positive
- Added three Telemundo affiliates: Dayton (WZCD-LD), Chattanooga (WTVL-CD, WDNN-CD), Lafayette (KNGC-LD)
- Expanded reach to over 1.6 million Hispanic TV households
- Delivers >1,100 hours of local Spanish-language news per month
- Generates >50 million annual digital impressions across local news sites and apps
- Largest Telemundo affiliate group with 47 markets, strengthening Spanish-language local footprint
Negative
- None.
News Market Reaction
On the day this news was published, GTN declined 2.26%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
GTN was down 0.67% pre‑announcement, while scanner peers IHRT and FUBO were each up over 4%. Broader broadcasting peers show mixed moves (SBGI up 0.88%, IHRT down 0.31%, FUBO down 8.47%, SSP flat), pointing to stock‑specific rather than sector‑wide dynamics.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 03 | Sports partnership extension | Positive | -2.0% | Extended Kansas City Royals broadcast partnership across up to 18 markets. |
| Jan 12 | Earnings call scheduling | Positive | -1.6% | Set Q4 2025 earnings release date and conference call details. |
| Jan 07 | Management appointment | Positive | -8.0% | Named new General Manager for KFVS and WQWQ‑LD stations. |
| Dec 23 | Network renewal | Positive | +1.6% | Announced multi‑year NBC affiliation renewal covering 54 markets. |
| Dec 18 | IR leadership change | Positive | -1.2% | Hired a new Vice President of Investor Relations with Wall Street background. |
Recent corporate and partnership announcements have mostly seen negative next‑day price reactions, even when operationally positive.
Over the last few months, GTN has focused on strengthening network relationships and leadership. A Kansas City Royals broadcast extension on Feb 3, 2026, an NBC affiliation renewal reaching over 14 million households on Dec 23, 2025, and multiple Telemundo‑related and management updates all underscored portfolio depth. Yet four of the last five such updates coincided with negative 24‑hour price moves, framing today’s Telemundo expansion against a pattern of cautious market responses to positive corporate news.
Market Pulse Summary
This announcement expands Gray’s Telemundo footprint, adding affiliates in Dayton, Chattanooga, and Lafayette and extending reach to over 1.6 million Hispanic TV households. It reinforces a strategy already highlighted by recent network renewals and portfolio moves across 113 markets. Investors may watch how additional local Spanish-language news—over 1,100 hours monthly and 50 million digital impressions—translates into advertising demand and balances against the company’s existing debt and refinancing profile.
AI-generated analysis. Not financial advice.
Adds new affiliates in Dayton, Ohio; Chattanooga, Tennessee; and Lafayette, Louisiana
ATLANTA, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Gray Media has entered into a multi-year affiliation agreement with Telemundo Network that extends an expanded partnership between Telemundo’s largest affiliate group and the popular Spanish-language television network that is also the exclusive Spanish-language home of popular sporting events such as the FIFA World Cup 2026™ and Super Bowl LX.
The new agreement includes new local affiliates in Dayton, Ohio (WZCD-LD); Chattanooga, Tennessee (WTVL-CD, WDNN-CD); and Lafayette, Louisiana (KNGC-LD), on Gray-owned stations in those markets. Gray’s expanded Telemundo portfolio now reaches over 1.6 million Hispanic TV households across the country, delivering comprehensive news and entertainment programming tailored to US Hispanics including the first and/or only Spanish-language locally produced newscasts in numerous markets.
“This expanded relationship with Telemundo demonstrates Gray’s deep commitment to serving this fast-growing viewer and business segment in America,” said Susan Sim Oh, SVP of Strategy and Operations of the Gray Telemundo Affiliate Station Group. “We are excited to continue our strong partnership with Telemundo to deliver high-quality Spanish-language content, sports, and news that resonates with US Hispanic audiences. This growth directly reflects our corporate mission to be the trusted news source in every community we serve.”
Gray Media’s Telemundo stations deliver more than 1,100 hours of local Spanish-language news and investigative news programs each month across all markets and have more than 50 million digital impressions annually across local news sites and apps, making it one of the most important local Spanish-language news operations in America.
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 full-power 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 47 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:
Susan Sim Oh, SVP Strategy & Operations, Gray Telemundo Affiliate Station Group, susan.oh@graymedia.com
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FAQ
What markets did Gray Media (GTN) add to its Telemundo affiliation on February 5, 2026?
How many Hispanic TV households does Gray Media (GTN) reach after the Telemundo expansion?
How much local Spanish-language news does Gray’s Telemundo group deliver monthly for GTN investors?
What national sporting events will Telemundo carry that benefit Gray Media (GTN) viewers?
What digital reach does Gray Media (GTN) report for its Telemundo stations after the affiliation expansion?
