Gray Media, Inc. filings document the regulatory record for a public multimedia and broadcasting company with common stock and Class A common stock. Its 8-K reports cover operating results, Regulation FD investor presentations, dividend authorizations, completed station acquisitions, credit agreement amendments, and other material events tied to its local television and digital media business.
Proxy and shareholder-meeting filings describe board elections, advisory compensation votes, executive compensation, equity-award disclosures, and governance procedures. The filings also address capital structure and financing terms through senior credit facility disclosures, while acquisition filings record asset purchases, related financial-statement requirements, and SEC reporting waivers.
Spainhour Sterling A Jr. reported acquisition or exercise transactions in this Form 4 filing.
GRAY MEDIA, INC director Sterling A. Spainhour Jr. received a grant of 30,741 shares of common stock as restricted stock on May 6, 2026. The award carries no cash purchase price and represents compensation rather than an open-market buy. According to the filing footnote, the restricted stock vests in full on April 30, 2027. Following this grant, Spainhour directly holds 107,440 shares of Gray Media common stock.
Garcia Luis A. reported acquisition or exercise transactions in this Form 4 filing.
GRAY MEDIA, INC director Luis A. Garcia reported an equity compensation grant of 30,741 shares of Common Stock on April 30, 2027. The footnote explains this is restricted stock that vests in full on that date, rather than an open-market purchase.
After this grant, Garcia directly holds 130,647 shares of Common Stock and a separate line shows 6,917 shares of Class A Common Stock as a reported holding.
GRAY MEDIA, INC director Paul McTear received a grant of restricted common stock as part of his equity compensation. He acquired 30,741 shares at no cash cost, increasing his directly held position to 161,990 shares. The restricted stock vests in full on April 30, 2027, meaning he must remain eligible through that date to receive the shares outright.
Hare Richard B reported acquisition or exercise transactions in this Form 4 filing.
GRAY MEDIA, INC director Richard B. Hare reported a compensation-related equity grant. He received 30,741 shares of Common Stock as a restricted stock award at $0.00 per share, which will vest in full on April 30, 2027. Following this grant, he directly holds 124,765 shares of Common Stock and 9,607 shares of Class A Common Stock, according to the filing.
Howell Robin Robinson reported acquisition or exercise transactions in this Form 4 filing.
GRAY MEDIA, INC director Robin Robinson Howell reported a new equity award and updated holdings in company stock. On May 6, 2026, Howell received a grant of 30,741 shares of Gray Media common stock as restricted stock with no cash paid per share. According to the filing, this restricted stock vests in full on April 30, 2027. After the award, Howell directly holds 171,595 shares of common stock and 81,635 shares of Class A common stock, and also reports various indirect holdings through a 401(k) plan, a spouse, children, and trusts for the benefit of family members.
McClain Lorri reported acquisition or exercise transactions in this Form 4 filing.
GRAY MEDIA, INC director Lorri McClain received a grant of restricted common stock. On May 6, 2026, she was awarded 30,741 shares at no cash cost as compensation. These restricted shares vest in full on April 30, 2027. After this award, she holds 126,638 common shares directly.
Gray Media, Inc. completed its previously announced acquisition of television stations from Allen Media Group for a total purchase price of $171 million plus working capital adjustments, funded with cash on hand.
The company first acquired the “Allen 3” stations on March 27, 2026 for $56 million, then closed on additional stations in seven overlap markets on May 1, 2026 for $115 million. These Allen Media Stations expand Gray’s footprint into new and overlapping markets while adding multiple ABC, CBS, FOX, NBC and independent affiliates.
Gray obtained from the SEC, under Rule 3-13 of Regulation S-X, a waiver from providing full Rule 3-05 financial statements and Article 11 pro forma information for the acquired stations. Instead, it will file an audited Statement of Assets Acquired and Liabilities Assumed no later than 71 days after the required filing date.
Gray Media, Inc. reported a wider loss for the quarter ended March 31, 2026 as revenue softened slightly and working capital swung heavily. Total revenue was $768 million, down about 2% from $782 million a year earlier, with $352 million from core advertising, $30 million from political ads and $339 million from retransmission consent fees.
Net loss was $20 million versus $9 million last year, and net loss attributable to common stockholders was $33 million, or $(0.34) per share, compared with $(0.23). Operating income declined to $81 million from $92 million, while interest expense remained high at $117 million.
Cash fell to $259 million from $368 million at year-end as net cash from operating activities dropped to $1 million from $132 million, mainly from working capital changes, and the company spent $77 million on investing, including acquisitions. Long-term debt stayed elevated at about $5.8 billion, with a first lien net leverage ratio of 2.56x.
Gray continued to expand its station portfolio, closing the WBBJ and Allen 3 deals for a combined $83 million and, after quarter-end, acquiring the “Allen 7” stations for $115 million and BCI stations for $80 million, funded with cash on hand. Management believes cash, operating cash flow and its $745 million of revolver availability will cover debt service, capital spending and acquisition commitments in the near term.
Gray Media, Inc. filed a current report stating that beginning on May 7, 2026, the company intends to hold periodic meetings and presentations with prospective investors. The company has prepared an investor presentation, included as Exhibit 99.1, which contains slides that may be used or referenced in these meetings. The disclosure is furnished under Regulation FD, meaning it is not deemed filed for liability purposes under Section 18 of the Exchange Act and is not automatically incorporated into other securities filings unless specifically referenced.
Gray Media, Inc. announced that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share on both its common stock and Class A common stock. The dividend will be paid on June 30, 2026 to shareholders of record as of the close of business on June 15, 2026.
Gray describes itself as a multimedia company headquartered in Atlanta, operating top-rated local television stations and digital assets in 120 full-power television markets, reaching approximately 37% of U.S. television households.