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.
GRAY MEDIA, INC President and Co-CEO D. Patrick LaPlatney reported equity award activity in company stock. On February 28, 2026, he acquired 51,323 shares of common stock at a stated price of $0.00 per share through a grant/award acquisition tied to a three-year performance period. The footnotes explain this represents issuance and vesting of shares above a previously reported target restricted stock award after performance was certified.
On the same date, he disposed of 180,613 shares of common stock at $5.19 per share in a tax-withholding disposition used for net settlement of the award, rather than an open-market sale. Following these direct transactions, he held 1,452,065 common shares directly, and 2,033 shares indirectly through a 401(k) plan balance.
Gray Media EVP Kevin Paul Latek reported equity compensation and related tax withholding in company stock. He acquired 36,818 shares of Common Stock at no cost in a grant and vesting tied to a three-year performance-based restricted stock award that exceeded its target level.
To cover tax obligations through net settlement, he disposed of 306,021 Common Stock shares at $5.19 per share via a tax-withholding transaction, not an open-market sale. After these entries, he directly holds 606,677 Common Stock shares and 53,517 Class A Common Stock shares.
GRAY MEDIA, INC Executive Vice President and COO Sandra Breland McNamara reported mixed equity transactions in company common stock. She acquired 18,989 shares on February 28, 2026 as a grant and vesting related to a three-year performance-based restricted stock award that exceeded the previously reported target amount. On the same date, 124,825 shares were disposed of at $5.19 per share to cover tax obligations through net settlement of restricted stock. After these direct transactions, she held 676,820 shares of common stock directly. Separately, she reported indirect ownership of 2,033 shares held through a 401(k) plan.
Gray Media, Inc. filed its annual report detailing 2025 operating results and business risks. The company is a large U.S. local television and digital media owner, with stations in 114 markets reaching about 37% of U.S. TV households and strong positions in local news.
Total revenue was $3.1 billion in 2025, compared with $3.6 billion in 2024 and $3.3 billion in 2023, reflecting the normal drop in political advertising between major election years. Political advertising contributed about 1% of 2025 revenue versus 14% in 2024, while core revenue remains concentrated in services and automotive advertisers.
Gray emphasizes maintaining top-ranked stations, expanding digital advertising and NextGen TV, selective acquisitions and disciplined cost control. The company reports $5.8 billion of debt at year-end 2025 and highlights prior refinancings and $520 million of 2024 principal payments. It also discloses recent goodwill, license and investment impairments and outlines extensive regulatory, competitive, cybersecurity and leverage-related risks.
Gray Media, Inc. filed a current report stating that, beginning on February 26, 2026, the company intends to meet periodically and make presentations to prospective investors. These meetings will use or reference an investor slide presentation included as Exhibit 99.1.
The company notes that the information in this investor presentation is being furnished under Regulation FD and is not considered filed for liability purposes under the Exchange Act or automatically incorporated into Securities Act 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 its common stock and Class A common stock. The dividend will be paid on March 31, 2026, to shareholders of record as of March 13, 2026.
Gray describes itself as a multimedia company headquartered in Atlanta and the nation’s largest owner of top-rated local television stations and digital assets, serving 114 full-power television markets that collectively reach about 37% of U.S. television households.
Gray Media, Inc. reported weaker 2025 results, swinging to a net loss despite meeting and exceeding guidance in key areas. For the fourth quarter ended December 31, 2025, total revenue was $792 million, down from $1.045 billion a year earlier, as political advertising dropped sharply following the 2024 elections. Full-year 2025 revenue was $3.095 billion versus $3.644 billion, a decline of 15%, and net loss was $85 million compared with net income of $375 million in 2024.
Adjusted EBITDA, a non-GAAP profit measure, fell to $179 million in the fourth quarter from $402 million, and to $670 million for the year from $1.162 billion. Management highlighted cost controls, including a 3% reduction in full-year broadcasting expenses, and slightly higher quarterly Net Retransmission Revenue of $134 million. Debt remained high but was reshaped: total outstanding principal was $5.81 billion at year-end, with no maturities before 2028, and the leverage ratio under its credit agreement was 5.80 times, within covenant limits.
Gignac Jeffrey R reported acquisition or exercise transactions in a Form 4 filing for GTN. The filing lists transactions totaling 238,147 shares at a weighted average price of $4.64 per share. Following the reported transactions, holdings were 882,746 shares.
Latek Kevin Paul reported acquisition or exercise transactions in this Form 4 filing.
Gray Media EVP Kevin Paul Latek reported an equity award of company stock. On 02/12/2026, he received a grant of 262,123 shares of Common Stock at $4.64 per share, described as restricted stock that vests in three equal annual installments on 2/28/2027, 2/29/2028, and 2/28/2029.
Following this grant, Latek directly beneficially owns 875,880 shares of Common Stock and 53,517 shares of Class A Common Stock, all held directly.
HOWELL HILTON H JR reported acquisition or exercise transactions in this Form 4 filing.
Gray Media, Inc. Chairman, President & CEO Howell H. Howell Jr. received two equity awards of Class A common stock on 02/12/2026. Each award covers 327,303 shares at a reference price of $12.16 per share.
One grant is time-based restricted stock that vests in equal portions on 02/28/2027, 02/29/2028, and 02/28/2029. The second represents a target amount of performance-based restricted stock that vests on 02/28/2029 after a three‑year performance period. Following these awards, he directly holds more than 4.3 million Class A shares, with additional indirect holdings through his spouse, children, trusts, and a 401(k) plan.