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. 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) declared a quarterly cash dividend of $0.08 per share on its common and Class A common stock. The dividend will be paid on September 30, 2026 to shareholders of record as of the close of business on September 15, 2026.
Gray describes itself as a multimedia company based in Atlanta, operating top-rated local television stations and digital assets across 117 U.S. markets, reaching about 37% of U.S. TV households.
Gray Media (NYSE: GTN) reported second quarter 2026 revenue of $839 million, up 9% year over year, with the 2026 acquisitions contributing $41 million. Core advertising was $357 million (down 1%), while political advertising jumped to $83 million from $9 million a year earlier. Retransmission consent revenue declined 3% to $359 million, but Net Retransmission Revenue rose 10% to $150 million as network affiliation fees fell.
Broadcasting expenses increased 1% to $569 million. Corporate and administrative expenses rose to $37 million, above guidance, largely from transaction-related costs. Adjusted EBITDA grew 27% to $214 million, and net income was $14 million versus a $56 million loss in Q2 2025. Total debt principal was $5.87 billion and cash was $176 million. Recent actions include issuing $70 million of 2033 first lien notes, repurchasing $120 million of 2029/2031 notes, and a new $250 million debt repurchase authorization. Third quarter 2026 guidance calls for revenue of $935–$965 million and political advertising of $165–$185 million.
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Gray Media (NYSE: GTN) and the Atlanta Hawks have agreed a 2026–27 NBA season broadcast partnership under which all non‑nationally televised Hawks regular season games will air free over the air on WANF (Atlanta News First) and Peachtree Sports Network.
WANF becomes the franchise’s official broadcast partner, with games available via its over‑the‑air signal and carriage on major pay‑TV and vMVPD platforms including Xfinity, Spectrum, DirecTV, DISH Network, YouTube TV, DirecTV Stream and Fubo. Gray stations in Albany (WALB), Augusta (WRDW), Columbus (WTVM), Macon (WPGA) and Savannah (WTOC) will also carry games, creating a Georgia‑wide footprint.
According to Gray Media, a 13‑game package on WANF and Peachtree TV in 2025‑26 averaged more than 1.5x the ratings of other local Hawks games, supporting the decision to expand to all available regular season games plus three preseason and select national games in 2026–27.
Gray Media (NYSE: GTN) will participate in several investor conferences: Seaport 15th Annual Summer Investor Conference (virtual, August 18-19, 2026), Benchmark 13th Annual TMT One-on-One Conference (NYC, September 17, 2026), Deutsche Bank 34th Annual Leveraged Finance Conference (Scottsdale, September 28-29, 2026), and BofA 2026 Leveraged Finance Conference (Boca Raton, December 1-2, 2025).
According to Gray Media, investors should contact their brokerage firm sales representative to register and request meetings with management.
Gray Media (NYSE:GTN) will release second quarter 2026 earnings before its conference call on Friday, August 7, 2026. The earnings call starts at 11:00 a.m. ET, with live dial-in and webcast access plus a taped replay available through September 4, 2026.
Gray Media (NYSE: GTN) closed a $70 million private placement of 7.250% Senior Secured First Lien Notes due 2033 on June 30, 2026. The notes were issued at par plus accrued interest and form a single series with $775 million of existing 7.250% notes.
Proceeds funded $40 million for the first closing of the American Spirit Media transaction and the repurchase of 50,000 Series A Preferred shares with a $50 million aggregate liquidation preference for $30 million plus accrued dividends. Gray now has $845 million of these notes outstanding and 600,000 Series A Preferred shares with a $600 million aggregate liquidation preference.
Gray Media (NYSE: GTN) agreed to acquire American Spirit Media’s six television stations for $50 million, including FOX and CBS affiliates in markets such as Toledo, Jackson, Wilmington, Columbus (GA), Wichita Falls, and Lake Charles.
Gray has completed a first closing, paying $40 million and entering a limited local management agreement. This portion was funded from a $70 million private placement of 7.250% Senior Secured First Lien Notes due 2033. Gray plans to use cash on hand to complete the second closing in Q4 2026, after regulatory approvals. The company expects the deal, along with related debt issuance and preferred stock redemption, to be cash flow accretive, not increase its Consolidated Total Net Leverage Ratio, and to support balance sheet goals.
Gray Media (NYSE:GTN) named Annie Cordell General Manager of WMBF, the NBC affiliate serving Myrtle Beach-Florence, effective July 13, 2026. She brings experience in broadcast sales, station management, and digital media, including leadership roles at Bahakel Digital and WCCB in Charlotte.
Gray Media reports operating top-rated local TV stations and digital assets across 117 U.S. markets, reaching about 37% of TV households as of May 15, 2026.
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