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) announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share for both its common stock and Class A common stock. The dividend will be paid on September 30, 2025, to shareholders of record as of September 15, 2025.
Gray Media (NYSE:GTN) reported Q2 2025 financial results showing total revenue of $772 million, down 7% year-over-year. Core advertising revenue decreased 3% to $361 million, while retransmission consent revenue declined 1% to $369 million. The company reported a net loss of $69 million compared to net income of $9 million in Q2 2024.
The company completed significant debt refinancing, including a $900 million offering of 9.625% senior secured notes and a $775 million offering of 7.25% senior secured notes. Gray also announced strategic acquisitions and divestitures with Scripps, Sagamore Hill Broadcasting, and Block Communications, expected to close in Q4 2025.
For Q3 2025, Gray expects core advertising revenue to decline compared to Q3 2024, which included $20 million in Olympic Games advertising revenue.
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.