Welcome to our dedicated page for Gray Media news (Ticker: GTN), a resource for investors and traders seeking the latest updates and insights on Gray Media stock.
Gray Media, Inc. reports developments across a multimedia business built around local television stations, digital assets, and production properties. Its recurring news includes advertising demand, political revenue, retransmission consent economics, station acquisitions, and quarterly financial results for a broadcasting portfolio serving 120 full-power television markets.
Company updates also cover Gray Digital Media, digital and streaming distribution, Telemundo affiliates, sports and video production properties such as Raycom Sports, Tupelo Media Group, PowerNation Studios, Assembly Atlanta, and Third Rail Studios, as well as dividends, investor events, leadership appointments, and governance matters.
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.
Gray Media (NYSE:GTN) announced the broadcast of 'Together for Texas', a half-hour documentary special covering the devastating floods in Central Texas and the Hill Country. The program will air on nine Gray Media stations across Texas on July 11th at 6:30 p.m. CST, with additional broadcasts on Local News Live and other Gray affiliates outside Texas.
The documentary follows first responders and volunteers assisting flood survivors, produced by KWTX journalists embedded with a local nonprofit. In conjunction with the broadcast, Gray stations across 113 markets have launched a donation drive partnering with Graham Media Group, raising over $243,000 for Salvation Army's relief efforts.
Gray Media (NYSE:GTN) has announced a groundbreaking partnership with the Carolina Panthers to broadcast all three Panthers preseason games in Spanish across six Gray Telemundo affiliate stations in the Carolinas, starting August 2025. The Spanish-language broadcasts will feature veteran sportscasters Carlos Ramirez as play-by-play announcer and Ariana Figueroa providing color commentary.
This historic initiative extends the partnership between FOX Carolina (WHNS) and the Panthers announced in April 2025. The games will be aired across Telemundo stations in key markets including Greenville, Columbia, Charleston, Myrtle Beach, Wilmington, and Greenville/New Bern, making Panthers football more accessible to Spanish-speaking households throughout the region.
Graham Media Group and Gray Media (NYSE:GTN) have launched "Together for Texas," an emergency donation drive supporting flood relief efforts in Central Texas through The Salvation Army. The campaign has already raised $120,000 in its first 24 hours, including a $25,000 donation from Gray and a $15,000 contribution from Graham Media Group.
The initiative leverages Graham's KSAT (San Antonio) and KPRC (Houston) stations, along with Gray's presence across 113 US markets, to support communities affected by the July 4 floods. The Salvation Army's Emergency Disaster Services teams are providing meals, hydration, and care services to affected areas, with 100% of donations going directly to local relief and long-term recovery efforts.
Gray Media (NYSE: GTN), the nation's largest owner of top-rated local television stations, has scheduled its Q2 2025 earnings release and conference call for August 8, 2025. The conference call will begin at 10:00 a.m. Eastern Time, with a live dial-in number and webcast option available.
Gray Media operates in 113 television markets reaching approximately 37% of US television households. The company maintains leadership positions across its markets, with 78 markets featuring the top-rated television station and 99 markets with first or second-rated stations. Additionally, Gray owns the largest Telemundo Affiliate group spanning 44 markets.
Gray Media (NYSE: GTN) has announced the pricing of $900 million in senior secured second lien notes due 2032, representing a $150 million increase from the previously announced amount. The notes carry a 9.625% interest rate and were priced at 100% of par.
The offering, expected to close on July 18, 2025, will be used to redeem Gray's outstanding 7.000% senior notes due 2027, repay a portion of the term loan F due June 2029, and cover related fees. The notes will be guaranteed by Gray's restricted subsidiaries and offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.
Gray Media (NYSE:GTN) has announced a private offering of up to $750 million in senior secured second lien notes due 2032. The company also plans to increase its revolving credit facility commitments by $50 million to $750 million and extend its maturity date to December 1, 2028.
The net proceeds from the offering, combined with borrowings from Gray's revolving credit facility, will be used to redeem all outstanding 7.000% senior notes due 2027, repay a portion of term loan F due June 2029, and cover related fees and expenses. The notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.
["Extending revolving credit facility maturity by one year to December 2028", "Increasing revolving credit facility commitments by $50 million to $750 million", "Refinancing opportunity to manage debt structure"]Gray Media (NYSE: GTN) has updated its Q2 2025 guidance, projecting total revenue between $769-775 million, down from $826 million in Q2 2024. The decline is primarily driven by lower political advertising revenue, expected at $8-9 million compared to $47 million in the previous year.
Key developments include debt management actions, with Gray repurchasing $7.7 million of senior notes and making term loan amortization payments totaling $15 million. The company also expects to record a $29 million non-cash impairment charge related to its Atlanta station WANF, which will cease its CBS network affiliation on August 16, 2025.