Welcome to our dedicated page for Gray Television news (Ticker: GTN), a resource for investors and traders seeking the latest updates and insights on Gray Television stock.
Gray Media, Inc. (NYSE: GTN) is a multimedia company headquartered in Atlanta, Georgia and described as the nation’s largest owner of top-rated local television stations and digital assets. Its stations serve 113 television markets reaching a substantial share of U.S. television households, and many of these stations hold top audience rankings in their markets. This news page focuses on developments affecting Gray’s broadcasting, digital media, and financing activities.
News about Gray Media often includes earnings announcements and details about upcoming earnings conference calls, where the company discusses operating results for recent quarters. Investors and analysts follow these updates to understand trends in Gray’s television and digital operations. The company also issues news about dividend declarations, such as Board-authorized quarterly cash dividends on its common and Class A common stock.
Gray’s news flow also covers network affiliation agreements and content partnerships. For example, the company has announced a multi-year renewal of its NBC affiliation agreements in 54 markets, as well as arrangements to broadcast Ohio Valley Conference basketball and to simulcast Memphis Grizzlies games free over-the-air across multiple markets. These items highlight programming and sports content that run across Gray’s station group.
Additional news items may describe acquisitions of local stations, such as the agreement to acquire WBBJ 7 in Jackson, Tennessee, and capital markets transactions like offerings of senior secured notes and related redemptions of existing debt. Updates on leadership appointments, including roles such as investor relations and station general managers, also appear in Gray’s press releases. This page brings together these types of company-specific developments for readers tracking GTN-related news.
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.
Gray Media (NYSE: GTN) has announced an agreement to acquire Block Communications' television stations for $80 million. The acquisition includes FOX affiliate WDRB and CW affiliate WBKI in Louisville, Kentucky (DMA 49), NBC affiliate WAND in Springfield-Champaign-Decatur, Illinois (DMA 92), and NBC affiliate WLIO in Lima, Ohio (DMA 190).
The transaction will create a new Big Four duopoly in Louisville, where Gray already owns NBC affiliate WAVE3. Both WAND and WLIO achieved the highest all-day ratings in their respective markets during 2024. Gray expects to close the transaction in Q4 2025, subject to regulatory approvals including FCC ownership rule waivers.
Gray Media (NYSE:GTN) has announced an agreement to acquire two television stations from SagamoreHill Broadcasting: WLTZ (NBC affiliate in Columbus, Georgia - DMA 127) and KJTV (FOX affiliate in Lubbock, Texas - DMA 140).
Gray already provides back-office services to both stations through its existing ABC and NBC affiliates in these markets. The company expects to close these transactions in Q4 2025, subject to regulatory approval. Gray will seek FCC waivers under the "failing station" standard, similar to its recent KXLT acquisition in Rochester, Minnesota.
Gray Media is currently the largest owner of top-rated local television stations in the US, reaching approximately 37% of US television households across 113 markets.
Gray Media (NYSE:GTN) has appointed Eric Walters as the new General Manager of KNOE and KAQY-LD, its CBS and ABC affiliates in Monroe, Louisiana, effective September 1, 2025.
Walters brings significant experience from his current role as GM of KMVT and KSVT-LD in Twin Falls, Idaho, where he improved ratings and digital content. Previously, as News Director at WDBJ, he led the station to win consecutive Edward R Murrow awards and launched innovative programming including a Spanish language digital newscast.
Gray Media operates as the largest owner of top-rated local television stations in the US, reaching approximately 37% of US television households across 113 markets.
Gray Media (NYSE: GTN) has successfully completed its offering of $775 million in senior secured first lien notes, due 2033, with a 7.250% interest rate. The notes were issued at par, with interest payments scheduled semiannually starting February 15, 2026.
The net proceeds were strategically deployed to refinance existing debt: $630 million to Term Loan D (leaving $739 million outstanding), $80 million to Term Loan F (reducing it to $10 million), and $50 million to clear the Revolving Credit Facility (providing $750 million in undrawn availability). 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 the appointment of award-winning investigative reporter Anna Werner to its national investigative unit, InvestigateTV, effective August 18, 2025. Werner, formerly National Senior Consumer Investigative Correspondent at CBS News, brings over 25 years of investigative experience and an impressive collection of awards including 33 Emmys and two Peabody Awards.
Werner's notable achievements include investigations that led to the nation's largest tire recall and reforms in healthcare systems. In her new role, she will contribute to InvestigateTV's daily programming and host a new streaming show. The appointment strengthens Gray Media's investigative journalism capabilities, which reaches approximately 37 percent of US television households across 113 markets.
Gray Media (NYSE: GTN) has announced the pricing of $775 million in senior secured first lien notes due 2033, representing a $75 million increase from the previously announced amount. The notes carry a 7.250% interest rate and were priced at 100% of par.
The offering, expected to close on July 25, 2025, will be used to repay portions of Gray's term loans D and F, clear outstanding revolving credit facility debt, cover offering expenses, and support general corporate purposes. The notes will be guaranteed by Gray's existing and future restricted subsidiaries that guarantee its current senior credit facility.
Gray Media (NYSE:GTN) has announced a private offering of up to $700 million in senior secured first lien notes due 2033. The notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.
The company plans to use the net proceeds, along with borrowings from its revolving credit facility, to repay portions of its term loan D (due December 2028) and term loan F (due June 2029). The notes will be guaranteed by Gray's existing and future restricted subsidiaries that guarantee its current senior credit facility.
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.
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