Gray Television Inc Stock Price, News & Analysis

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.

Gray Media (NYSE: GTN) received the 2025 Catalyst Award for leading support of the Ad Council's Project Roadblock on Oct. 9, 2025. Gray accounted for more than 11,000 Buzzed Driving Prevention PSA detections in 2024 and represented 17% of all national PSA airings for the initiative.

Project Roadblock overall delivered 65.9k donated TV detections worth an estimated $6.5M in media value, a 9% increase in detections and 68% increase in value year-over-year, reaching 208 of 210 DMAs and covering 99.96% of US households.

Gray Media (NYSE: GTN) will report results for the quarter ended September 30, 2025 on Friday, November 7, 2025. The company will host a live earnings conference call and webcast on that date at 11:00 a.m. Eastern Time.

Dial-in: 1-800-715-9871, Conference ID 3663076. A replay will be available by phone at 1-800-770-2030 (Passcode: 3663076#) and via the company website at www.graymedia.com through December 5, 2025.

Business snapshot: Gray Media is a multimedia company headquartered in Atlanta serving 113 television markets, reaching ~37% of U.S. TV households, with 78 top-rated markets and 99 first/second-rated stations during 2024. Additional properties include Gray Digital Media, Raycom Sports, Tupelo Media Group, PowerNation Studios, Assembly Atlanta, and Third Rail Studios.

Gray Media (NYSE:GTN) has appointed Alexander Quince as the new General Manager of WBNG-TV (CBS) in Binghamton, New York, effective October 13, 2025. Quince, an award-winning news executive with over a decade of experience, succeeds Bob Krummenacker, who retired after 44 years of service.

Quince joins from Spectrum News, where he served as Senior Director managing news operations across multiple New York networks. His achievements include launching New York's first Augmented Reality News Studio and driving audience growth across digital and broadcast platforms. His career includes leadership roles at major stations like WABC-TV, KTUL-TV, WBMA-TV, and WXIA-TV, earning multiple Emmy and Edward R. Murrow Awards.