Gray Television Inc Stock Price, News & Analysis

Gray Media (NYSE: GTN) launched a nationwide storytelling initiative called “We the People” to mark the United States’ 250th anniversary, producing hundreds of original local stories that connect national history to hometown experiences.

The project spans Gray newsrooms across the country and covers themes of courage, sacrifice, civil rights, culture, innovation, and local landmarks. Coverage runs across broadcast, digital, and streaming platforms through July 4, 2026. Gray said the effort includes hundreds of pieces from every region and aims to showcase communities served by Gray’s portfolio, which reaches approximately 37% of US television households across 113 television markets.

Gray (NYSE: GTN) agreed to sell $250 million aggregate principal amount of 9.625% senior secured second lien notes due 2032 in a private placement, forming a single series with the existing $900 million 9.625% second lien notes issued July 2025. The Additional Notes will be issued at 102.000% of par plus accrued interest from July 18, 2025 and are expected to close on December 12, 2025, subject to customary conditions.

Proceeds are earmarked to redeem a portion of the 10.500% first lien notes due 2029, pay offering fees and expenses, and for general corporate purposes. The notes are offered in a private transaction under Securities Act exemptions.

Gray Media (NYSE: GTN) announced a multi-year agreement to broadcast Ohio Valley Conference basketball across 20 Gray markets in five states, with the full package simulcast nationally on ESPN+ and available via the ESPN app without digital blackouts. Gray will air games over-the-air in Tennessee (Nashville, Knoxville, Chattanooga, Memphis) and in local markets in Missouri, Illinois, Indiana, and Kentucky, and expects a third-party partner in Little Rock.

A tentative game schedule runs from Dec. 18, 2025 through Feb. 26, 2026; not all games will air in every market. The agreement was arranged with Thomas Garson of Excelsior Sports and Entertainment.

Gray Media (NYSE: GTN) and the Memphis Grizzlies expanded a partnership to simulcast seven Grizzlies games free over-the-air across six markets in four states beginning November 20, 2025.

The package covers Tennessee’s three largest markets (Memphis, Nashville, Knoxville) and will add Jonesboro, AR; Bowling Green, KY; and Tupelo, MS. Games air on local Gray channels and FanDuel Sports Network Southeast; Memphis will use WMC-TV (channel 5) and subchannel 5.3. The seven-game schedule runs from Nov 20, 2025 to Jan 31, 2026 and includes local pregame/postgame show Grizzlies LIVE.

Gray (NYSE: GTN) announced a quarterly cash dividend of $0.08 per share on its common stock and Class A common stock.

The dividend is payable on December 31, 2025 to shareholders of record at the close of business on December 15, 2025.

Gray Media (NYSE:GTN) reported third-quarter 2025 results and announced multiple strategic transactions on Nov 7, 2025. Total revenue was $749 million for Q3 2025 and Adjusted EBITDA was $162 million. Core advertising was $355 million and retransmission consent revenue was $346 million, each at or above guidance. The company completed refinancing transactions including $900M of 9.625% second-lien notes due 2032 and $775M of 7.25% first-lien notes due 2033, and increased revolving credit availability to $750M. Gray announced a historic station swap and three planned acquisitions that add multiple stations and create 11 new duopolies, subject to regulatory approvals.

Q3 net loss attributable to common stockholders was $23 million, and leverage ratios as of Sept 30, 2025 were First Lien 2.72x, Secured 3.66x, Total 5.77x (net of $182M cash).

Gray Media (NYSE: GTN) announced the promotion of Nick Hasenecz to General Manager of WNDU, the NBC affiliate serving the South Bend–Elkhart market, effective December 1, 2025.

Hasenecz brings more than 30 years of broadcast experience and currently serves as Director of Sales and Interim General Manager for WOIO, WUAB, and Telemundo Cleveland, where his leadership drove record‑breaking new business results in 2024 and 2025. His background includes research and sales leadership roles at TELEREP, WAVY-TV, WVBT, and an eleven-year tenure as Director of Sales at WCAX-TV.

Gray Media is headquartered in Atlanta and said it reaches approximately 37% of US television households across 113 television markets, including 78 markets with a top-rated station and the largest Telemundo affiliate group with 44 markets.

Gray Media (NYSE: GTN) on Oct 27, 2025 named Chris Conroy as General Manager of Cleveland stations WOIO (CBS), WUAB (CW) and WTCL (Telemundo). Conroy brings about 40 years of media leadership, joining from Gray’s KFVS (Cape Girardeau), where he served as GM since 2018 and helped the station become top-rated and win the Edward R. Murrow Regional Award for Overall Excellence (2020). His background includes launching an NBC affiliate at KAIT, senior marketing roles at WMC-TV in Memphis, and regional work in Atlanta, New Orleans and Birmingham. Gray Media is headquartered in Atlanta and reaches roughly 37% of U.S. TV households across 113 markets, including the largest Telemundo affiliate group in 44 markets.

Gray Media (NYSE: GTN) named Jon Pollard as General Manager of WTOK in Meridian, Mississippi, effective November 3, 2025. Pollard brings 20 years of broadcast experience, including leadership of WMDN/WGBC and prior roles at WHPM and WTOK, where he served as regional sales manager and account executive.

His background includes launching WHPM in 2011, expanding newscasts, and growing ratings and revenue. Pollard has served on the Mississippi Association of Broadcasters board and local nonprofit and civic boards. Gray Media is a multimedia company serving 113 TV markets and reaching about 37% of U.S. TV households.