Gray Media Names William Varnier as General Manager of WDBJ in Roanoke, Virginia

Gray Media (NYSE: GTN) appointed William Varnier as General Manager of WDBJ, the CBS affiliate serving Roanoke, Virginia, effective October 5, 2026.

Rhea-AI Summary

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.

Argus Sep 1 session

-2.66% close to close Open Argus

Details

News Market Reaction – GTN

On Sep 1, the first trading day after this news, GTN closed 2.66% below the previous close.

Data tracked by StockTitan Argus for the Sep 1 session.

Key Figures

Effective date: October 5, 2026 Television experience: more than three decades KCTV5 tenure: nearly three years +5 more

Effective date

October 5, 2026

WDBJ general manager appointment

Television experience

more than three decades

William Varnier's local television career

KCTV5 tenure

nearly three years

Creative Services Director

Station of the Year honors

three consecutive years

KCTV5 recognition from two broadcaster associations

Full-power television markets

117 markets

Gray Media portfolio

Household reach

approximately 37% of US television households

Gray Media stated reach

Top-rated station markets

78 markets

Markets with the top-rated television station

Top-two-rated station markets

101 markets

Markets with the first and/or second highest-rated station

Historical Context

5 past events · Latest: Aug 21

5 events

1. Aug 21

   Debt offering closing

   24h Move

   -0.2%

   Completed $750 million notes offering, funding redemption of higher-coupon 2029 debt.

2. Aug 21

   Sports programming deal

   24h Move

   +0.5%

   Added Spanish-language Atlanta Braves broadcasts across 18 Telemundo affiliate stations.

3. Aug 17

   Debt offering pricing

   24h Move

   -2.3%

   Priced $750 million of 7.500% senior secured notes due 2034.

4. Aug 17

   Journalism awards

   24h Move

   -4.8%

   Received nine National Edward R. Murrow Awards, the most among broadcast organizations.

5. Aug 17

   Private debt offering

   24h Move

   -4.8%

   Announced up to $750 million of senior secured notes due 2034.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

full-power television markets, average all-day ratings

2 terms

full-power television markets technical

"We serve 117 full-power television markets that collectively reach approximately 37%"

Full-power television markets are areas served by licensed TV stations that operate at higher transmitter strength and coverage, reaching most homes in a region rather than a small neighborhood. For investors, these markets matter because stations with full-power status command larger audiences and stronger carriage and advertising rights—similar to a full-size retail store versus a small kiosk—affecting potential revenue, regulatory obligations, and the value of broadcast assets.

average all-day ratings technical

"highest rated television station in average all-day ratings across the 116"

Average all-day ratings measure the typical size of a TV audience across an entire broadcast day by averaging viewership or ratings points over all dayparts (morning, daytime, prime, late night). For investors, it shows how many people a channel or program reaches on a regular day—similar to counting foot traffic in a store over a whole day—which helps gauge advertising reach, revenue potential, and competitive audience trends.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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          ATLANTA, Aug. 31, 2026 (GLOBE NEWSWIRE) -- Gray Media announced today the appointment of William Varnier as the new General Manager of WDBJ, the CBS affiliate serving Roanoke Virginia, effective October 5, 2026.

          William is a Virginia native raised in Central Virginia, returning to the Commonwealth after more than three decades in local television.   For the past nearly three years, he has served as the Creative Services Director for Gray’s KCTV5, the CBS affiliate in Kansas City, Missouri. During his tenure, KCTV5 earned Station of the Year honors from both the Kansas Association of Broadcasters and the Missouri Broadcasters Association for three consecutive years.

          William previously worked in the region at WTKR News 3 (CBS) and WVEC (ABC) in Norfolk, Virginia.   He is a graduate of Old Dominion University in Norfolk.

About Gray Media:

          Gray Media, Inc. (NYSE: GTN) is a multimedia company headquartered in Atlanta, Georgia. We are the nation’s largest owner of top-rated local television stations and digital assets. We serve 117 full-power television markets that collectively reach approximately 37% of US television households. The portfolio includes 78 markets with the top-rated television station and 101 markets with the first and/or second highest rated television station in average all-day ratings across the 116 of such markets that were measured by Nielsen in 2025. We also own the largest Telemundo Affiliate group with 46 markets and Gray Digital Media, a full-service digital agency offering national and local clients digital marketing strategies with the most advanced digital products and services. Our 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.

Gray Contact:

Sandy Breland, Executive Vice President, Chief Operating Officer, 404-266-8333

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FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Gray Media (GTN) announce about WDBJ leadership on August 31, 2026?

Gray Media announced that William Varnier will become General Manager of WDBJ in Roanoke, Virginia, effective October 5, 2026. According to Gray Media, Varnier brings more than three decades of local television experience and is returning to his home state of Virginia.

Who is William Varnier, the new General Manager of WDBJ for Gray Media (GTN)?

William Varnier is a Virginia native with over thirty years in local television. According to Gray Media, he most recently served nearly three years as Creative Services Director at KCTV5 in Kansas City, where the station earned Station of the Year honors in multiple consecutive years.

When does William Varnier officially assume the General Manager role at WDBJ for Gray Media (GTN)?

William Varnier’s appointment as General Manager of WDBJ becomes effective on October 5, 2026. According to Gray Media, he transitions into this leadership role after serving at KCTV5, where the station received Station of the Year recognition from state broadcaster associations for three straight years.

What experience does William Varnier bring to WDBJ under Gray Media (GTN)?

William Varnier brings more than three decades of experience in local television across several CBS and ABC affiliates. According to Gray Media, his recent leadership at KCTV5 coincided with three consecutive Station of the Year awards in both Kansas and Missouri broadcasting associations.

How large is Gray Media’s (GTN) local television footprint in the United States?

Gray Media serves 117 full-power television markets, reaching about 37% of U.S. television households. According to Gray Media, its portfolio includes 78 markets with the top-rated station and 101 markets with first and/or second highest rated stations based on 2025 Nielsen measurements.

What other media assets does Gray Media (GTN) own besides WDBJ and local TV stations?

Gray Media owns the largest Telemundo affiliate group and Gray Digital Media, a full-service digital agency. According to Gray Media, it also owns video production companies Raycom Sports, Tupelo Media Group, PowerNation Studios, and studio facilities Assembly Atlanta and Third Rail Studios.