Company Performance - Gray Media's stock was down 3.31% at $4.97, underperforming the S&P 500's daily gain of 0.4% [1] - Over the previous month, Gray Media's shares gained 12.97%, outperforming the Consumer Discretionary sector's gain of 2.16% and the S&P 500's gain of 4.61% [1] Earnings Forecast - Gray Media is scheduled to release its earnings on August 8, 2025, with an expected EPS of -$0.34, indicating a 477.78% decline compared to the same quarter last year [2] - For the entire year, Zacks Consensus Estimates forecast an EPS of -$0.72 and revenue of $3.15 billion, reflecting changes of -121.43% and -13.67% respectively compared to the previous year [3] Analyst Revisions and Rankings - Recent revisions to analyst forecasts for Gray Media are important as they reflect near-term business trends, with positive revisions indicating analyst optimism [3] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Gray Media at 3 (Hold) [5] - The Zacks Rank has a track record of superior performance, with 1 stocks contributing an average annual return of +25% since 1988 [5] Industry Context - The Broadcast Radio and Television industry, part of the Consumer Discretionary sector, holds a Zacks Industry Rank of 153, placing it in the bottom 39% of over 250 industries [6] - The Zacks Industry Rank measures the strength of industry groups by the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [6]

Core Points - Gray Media, Inc. has completed an offering of $775 million in 7.250% senior secured first lien notes due 2033, issued at par [1] - The net proceeds from the notes will be used to repay portions of existing term loans and revolving credit facility, as well as for general corporate purposes [2][6] - The notes are guaranteed by existing and future restricted subsidiaries of Gray, with interest payable semiannually starting February 15, 2026, and maturing on August 15, 2033 [3] Financial Details - $630 million of Term Loan D has been repaid, leaving a balance of $739 million - $80 million of Term Loan F has been repaid, leaving a balance of $10 million - All $50 million outstanding under the Revolving Credit Facility has been repaid, leaving $750 million of undrawn availability [6]

In the latest trading session, Gray Media (GTN) closed at $5.14, marking a -3.2% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.07%. On the other hand, the Dow registered a loss of 0.7%, and the technology-centric Nasdaq increased by 0.18%. Prior to today's trading, shares of the broadcast television company had gained 17.48% outpaced the Consumer Discretionary sector's gain of 4.6% and the S&P 500's gain of 5.71%.Market participants will be closely following the ...

ATLANTA, July 24, 2025 (GLOBE NEWSWIRE) -- Gray Media announced today award-winning Investigative Reporter and National Correspondent Anna Werner will join InvestigateTV, Gray’s national investigative unit, effective August 18, 2025.   Anna brings more than 25 years of investigative experience and a distinguished career covering consumer protection, reporting on corporate misconduct, and exposing system-wide failures.   She was most recently National Senior Consumer Investigative Correspondent at CBS News i ...

ATLANTA, July 22, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray”) (NYSE: GTN) announced today the pricing of its previously announced private offering of $775 million aggregate principal amount of 7.250% senior secured first lien notes due 2033 (the “Notes”). This represents an increase of $75 million over the amount previously announced. The Notes were priced at 100% of par. The offering of the Notes is expected to close on July 25, 2025, subject to customary closing conditions. The Notes are being offe ...

ATLANTA, July 22, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) announced today that it intends to offer up to $700 million aggregate principal amount of senior secured first lien notes due 2033, subject to market conditions. The offering will be exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). Gray intends to use the net proceeds of the offering, together with borrowings under Gray’s revolving credit facility, to (i) repay ...

Core Insights - Gray Media, Inc. has increased its revolving credit facility commitments by $50 million, bringing the total to $750 million, and extended the maturity date to December 1, 2028 [1][2] - The company has $700 million of undrawn availability under the revolving credit facility after repaying $402.5 million of its term loan F with proceeds from a $900 million offering of senior secured second lien notes [2] - Gray Media is the largest owner of local television stations in the U.S., reaching approximately 37% of U.S. television households, with a significant portfolio of top-rated stations [3] Financial Details - The company’s revolving credit facility now totals $750 million, with a maturity extension to December 1, 2028 [1] - Following the repayment of $402.5 million of Term Loan F, the outstanding balance is now $90 million [2] - The company has raised $900 million through the issuance of 9.625% senior secured second lien notes due 2032 [2] Company Overview - Gray Media, Inc. operates in 113 television markets and owns the largest Telemundo Affiliate group with 44 markets [3] - The company also includes Gray Digital Media, which provides advanced digital marketing strategies [3] - Additional media properties include video production companies and studio production facilities [3]

Core Viewpoint - Gray Media, Inc. has successfully completed an offering of $900 million in senior secured second lien notes with a 9.625% interest rate, maturing in 2032 [1] Group 1: Financial Details - The net proceeds from the notes will be utilized to redeem all outstanding 7.000% senior notes due 2027, repay a portion of Term Loan F amounting to $402.5 million, and cover fees and expenses related to the offering [2] - After the repayment, the remaining balance of Term Loan F is $90 million [2] - Interest on the notes will accrue from July 18, 2025, and will be paid semiannually starting January 15, 2026 [3] Group 2: Legal and Regulatory Information - The notes and related guarantees are not registered under the Securities Act of 1933 and can only be offered to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S [4]

ATLANTA, July 18, 2025 (GLOBE NEWSWIRE) -- University of Tennessee Athletics, the Vol Network, and Gray Media announced today a first of its kind agreement with WVLT in Knoxville, WSMV in Nashville, and WMC in Memphis naming them as the Official Television Stations of the Tennessee Volunteers. This game-changing partnership will deliver more television coverage of Tennessee Athletics than ever before to local audiences. This partnership will cover the three largest markets in Tennessee through Gray’s newly ...

In the latest trading session, Gray Media (GTN) closed at $5.16, marking a -3.73% move from the previous day. This change lagged the S&P 500's 0.32% gain on the day. Meanwhile, the Dow experienced a rise of 0.53%, and the technology-dominated Nasdaq saw an increase of 0.26%. The stock of broadcast television company has risen by 35.01% in the past month, leading the Consumer Discretionary sector's gain of 5.77% and the S&P 500's gain of 4.51%.The investment community will be paying close attention to the ea ...