Gray Announces Closing of Offering of $250 Million of Additional 9.625% Senior Secured Second Lien Notes due 2032

ATLANTA, Dec. 12, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray”) (NYSE: GTN) announced today that it has completed its previously announced offering of $250,000,000 aggregate principal amount of additional 9.625% senior secured second lien notes due 2032 (the “Additional Notes”) pursuant to Purchase Agreements, dated December 5, 2025 (the “Purchase Agreements”), by and among Gray, the guarantors party thereto and the purchasers named therein. The Additional Notes were issued at 102.000% of par plus accrued interest from and including July 18, 2025. The Additional Notes are part of the same issuance of, and will rank equally and form a single series with, the $900,000,000 aggregate principal amount of Gray's 9.625% senior secured second lien notes due 2032 that were issued on July 18, 2025 (the “Existing Notes,” and, together with the Additional Notes, the “Notes”).

GlobeNewsWire • Dec 12, 2025

Gray Media Celebrates America 250 with Nationwide “We the People” Storytelling Initiative

ATLANTA, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. is marking the 250th anniversary of the United States of America with a company-wide storytelling project that showcases how local people, places, and moments have shaped the American story.   Through its “We the People” initiative, Gray stations across the country are producing hundreds of original stories that connect national history to hometown experiences.

GlobeNewsWire • Dec 11, 2025

Is It Worth Investing in Gray Media (GTN) Based on Wall Street's Bullish Views?

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Zacks Investment Research • Dec 10, 2025

Gray Announces Private Placement of $250 Million of Additional 9.625% Senior Secured Second Lien Notes due 2032

ATLANTA, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray”) (NYSE: GTN) announced today it entered into purchase agreements (the “Purchase Agreements”) with certain accredited investors (collectively, the “Investors”), pursuant to which Gray agreed to sell to the investors, in a private placement transaction (the “Offering”), $250 million aggregate principal amount of 9.625% senior secured second lien notes due 2032 (the “Additional Notes”).

GlobeNewsWire • Dec 8, 2025

Broadcast station owners want to consolidate. They're struggling to get deals to the finish line

There's a frenzy of merger and acquisition activity in the media industry as cord-cutting has upended the economics. Broadcast station owners like Nexstar and Sinclair want in on the action.

CNBC • Dec 2, 2025

Gray Media Brings Ohio Valley Conference Basketball to Free Over-the-Air Television Viewers

ATLANTA, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Gray Media is proud to announce an agreement with the Ohio Valley Conference (“OVC”) to broadcast OVC basketball across 20 Gray markets in five states. As part of the Conference's multi-year contract with ESPN, the entire package will also be simulcast live nationally on ESPN+ and available through the ESPN app without digital blackouts.

GlobeNewsWire • Nov 14, 2025

Gray Media Analysts Boost Their Forecasts After Better-Than-Expected Q3 Results

Gray Media, Inc. (NYSE:GTN) reported better-than-expected results for the third quarter on Friday.

Benzinga • Nov 10, 2025

Gray Media, Inc. (GTN) Q3 2025 Earnings Call Transcript

Gray Media, Inc. ( GTN ) Q3 2025 Earnings Call November 7, 2025 11:00 AM EST Company Participants Hilton Howell - Executive Chairman & CEO Kevin Latek - Executive VP, Chief Legal & Development Officer and Secretary Patrick LaPlatney - President, Co-CEO & Director Jeff Gignac - Executive VP & CFO McNamara Breland - Executive VP & COO Conference Call Participants Daniel Kurnos - The Benchmark Company, LLC, Research Division Aaron Watts - Deutsche Bank AG, Research Division Patrick Sholl - Barrington Research Associates, Inc., Research Division Craig Huber - Huber Research Partners, LLC Steven Cahall - Wells Fargo Securities, LLC, Research Division Gengxuan Qiu - Barclays Bank PLC, Research Division Avi Steiner - JPMorgan Chase & Co, Research Division Presentation Operator Good day, everyone, and thank you for joining this Gray Media Q3 2025 Earnings Call. [Operator Instructions] As a reminder, today's session is also being recorded.

Seeking Alpha • Nov 7, 2025

Gray Media (GTN) Reports Q3 Loss, Beats Revenue Estimates

Gray Media (GTN) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.41. This compares to earnings of $0.86 per share a year ago.

Zacks Investment Research • Nov 7, 2025

Gray Media Beats Guidance With Strong Third Quarter Financial Results

ATLANTA, Nov. 07, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray,” “Gray Media,” “we,” “us” or “our”) (NYSE: GTN) today announced its financial results for the quarter ended September 30, 2025. We are pleased to report that our total revenue, core advertising revenue, retransmission revenue, and political advertising revenue all were at or exceeded the high-end of our previously issued guidance ranges for the quarter. In addition, our expenses were below the low-end of our guidance ranges. The quarter also included the announcements of a historic station swap and three additional planned acquisitions of several leading television stations, as well as the multi-year renewal of our affiliation agreements with the FOX network. During the third quarter, we capitalized on strong market conditions by executing two separate debt market transactions that strengthened our balance sheet and extended our debt maturities thereby increasing our financial flexibility. We look forward to continuing to grow the company with improving operational and strategic initiatives bolstered by our successful execution of these and other achievements during the third quarter.

GlobeNewsWire • Nov 7, 2025