Group 1 - Gray Media has appointed Stephanie Plant as the new General Manager of WTAP, the NBC affiliate in Parkersburg, West Virginia, effective July 2, 2025, succeeding Ken Long who is retiring after 44 years in the media industry [1] - Stephanie Plant is a native of Parkersburg with nearly 20 years of sales experience, having joined WTAP as an Account Manager in 2016 and serving as Local Sales Manager for the past 8 years [3] - Gray Media, Inc. is the largest owner of top-rated local television stations and digital assets in the U.S., reaching approximately 37 percent of U.S. television households across 113 markets [5] Group 2 - The company's portfolio includes 78 markets with the top-rated television station and 99 markets with the first and/or second highest rated television station during 2024, as well as the largest Telemundo Affiliate group with 44 markets [5] - Gray Media also owns Gray Digital Media, which provides digital marketing strategies and services, along with video production companies and studio production facilities [5] - Stephanie Plant is actively involved in community service, serving on the Board of Directors for Camden Clark Memorial Hospital Foundation and as Race Director for Thriving Beyond Breast Cancer [4]

Company Overview - Gray Media, Inc. is the largest owner of top-rated local television stations and digital assets in the United States, serving 113 television markets that reach approximately 37 percent of US television households [6] - The company operates 78 markets with the top-rated television station and 99 markets with the first and/or second highest rated television station during 2024 [6] - Gray Media also owns the largest Telemundo Affiliate group with 44 markets and offers digital marketing strategies through Gray Digital Media [6] Leadership Promotion - Jessica Laszewski has been promoted to General Manager of WSAW, the CBS affiliate in Wausau, Wisconsin, effective July 21, 2025 [1] - Prior to this promotion, she served as News Director at Gray Television's WMTV (NBC) in Madison, Wisconsin, where she led the station to become 1 in news viewership and achieved significant digital transformation [3] Achievements and Recognition - Under Jessica's leadership, WMTV received the RTDNA Regional Edward R. Murrow Award for "Overall Excellence" in 2022, 2024, and 2025, and earned nine Regional Murrow Awards in 2025 alone [3] - WMTV has consistently received more top honors than any other station in its division since 2022, including being named Wisconsin Broadcasters Association Station of the Year and News Operation of the Year [3] Professional Background - Jessica has previously held positions as News Director at WSAW (CBS) and WNDU (NBC), and has experience in producing and executive producing roles at various other television stations [4] - She is actively involved in the journalism community, serving on multiple boards and committees, including the Wisconsin Freedom of Information Council and the Midwest Broadcast Journalists Association [5]

Financial Performance & Metrics - Gray reported $3.5 billion in Last Eight Quarters Annualized (L8QA) revenue[13] - The company's L8QA Operating Cash Flow was $1.1 billion, resulting in a 32% margin[13] - Gray's First Lien Leverage Ratio ranged from 2.4x to 2.6x between FY2021 and FY2023[67] - Total Debt was $6.21 billion in FY2023[68] Market Position & Reach - Gray Television is the nation's second-largest television broadcaster[12] - The company reaches 36% of total US television households[14] - Gray has 1 or 2 ranked local TV stations in 89% of its markets[13] - NextGen TV deployments reached nearly 24 million US TV households in early 2024, representing approximately 19% of the total[54] Revenue Streams & Growth - Big Four Network Programming contributed 30% of Gray's 2023 Television Ad Revenue[24] - Political Advertising Revenue increased by 38% in 2022 over the prior mid-term year of 2018[38, 43, 49] - Gray Digital Platforms transmitted 836 million video streams and attracted 10.7 billion page views with 1.25 billion monthly aggregate users in 2023[52] Strategic Initiatives - Gray has completed retransmission renewals representing more than 70% of its traditional MVPD subscriber footprint as of March 1, 2024[29]

Group 1 - Gray Media stations and InvestigateTV received awards for outstanding investigative journalism at the IRE annual conference [1][2] - WANF in Atlanta and InvestigateTV won Video Division II for their investigation "In Plane Sight: The Fix," which led to significant changes in the US Department of Justice's practices [2] - WSMV in Nashville won Video Division III for "Predator: System Failure," revealing serious flaws in the handling of sexual assault complaints and resulting in the arrest of a predator [2] - KMOV in St. Louis was a finalist in Video Division III for "Secrets of a School Shooting Revealed," uncovering critical information about a school shooting and the failures that allowed it to occur [2] Group 2 - Gray Media, Inc. is the largest owner of local television stations in the US, serving 113 television markets and reaching approximately 37% of US television households [3] - The company operates 78 markets with top-rated television stations and has the largest Telemundo Affiliate group with 44 markets [3] - Gray Media also includes Gray Digital Media, which provides advanced digital marketing strategies, and owns various video production companies and studio facilities [3]

ATLANTA, June 16, 2025 (GLOBE NEWSWIRE) -- Gray Media has named David Hughes as the next General Manager of WFSB, the CBS affiliate in Hartford, Connecticut. He succeeds Dana Neves, who recently became a Senior Managing Vice President at Gray. David joins the WFSB team effective July 9, 2025. David has served as General Manager of Gray’s WOIO (CBS) and WUAB (CW) in Cleveland, Ohio since June 2023. During his time in Cleveland, he was instrumental in establishing a partnership with the Cleveland Cavaliers ...

Company Overview - Gray Media, Inc. is a multimedia company headquartered in Atlanta, Georgia, and is the largest owner of top-rated local television stations and digital assets in the United States [5] - The company serves 113 television markets, reaching approximately 37 percent of US television households, with 78 markets having the top-rated television station [5] - Gray Media also owns Gray Digital Media, which provides digital marketing strategies and services, and has additional media properties including video production companies and studio facilities [5] Leadership Appointment - Shalayna Valencia has been appointed as the General Manager and Director of Sales for KOSA, the CBS affiliate in Odessa, Texas [1] - She is recognized for her creativity, strategic thinking, and commitment to team development, with a career that includes roles such as Market President at Townsquare Media and Digital Sales Director at Hearst [3][4] - With over two decades of experience, Shalayna has a proven track record in driving growth and leading high-performing teams [4]

Group 1 - Gray Media, Inc. (NYSE: GTN) reports a substantial headcount increase and significant investments in new TV stations [1] - The company is expected to benefit from a potential decrease in taxes [1] - The analysis focuses on cash flow statements and unlevered free cash flow figures, with an emphasis on historical financial performance [1] Group 2 - The article discusses the importance of financial models that include various financial figures such as cost of capital, cost of debt, WACC, share count, and net debt [1] - The analysis typically does not cover growth stocks, focusing instead on companies with a long history of financial reporting [1] - Trading multiples studied include EV/FCF, net income, and EV/EBITDA [1]

Core Points - Gray Media has extended its broadcast partnership with the New Orleans Saints for five years, lasting until the end of the 2029 NFL season [1][2] - The partnership aims to enhance community sports coverage and provide fans with exclusive access to Saints programming [2][4] Company Overview - Gray Media, Inc. is the largest owner of local television stations in the U.S., reaching approximately 37% of U.S. television households [10] - The company operates in 113 television markets and includes a significant portfolio of digital assets and production companies [10] Broadcast Details - The 2025 Saints preseason games will be aired on Gray's 15-station Saints Pre-Season Network, including WVUE Fox 8 [3][6] - The preseason schedule includes games against the Los Angeles Chargers, Jacksonville Jaguars, and Denver Broncos [6] Programming Initiatives - Gray Media and WVUE will co-produce new exclusive Saints-related programming for the Gulf Coast Sports and Entertainment Network (GCSEN) [5][8] - An exclusive NFL Films documentary titled "Waiting on Moore" will premiere on GCSEN, focusing on the Saints and new Head Coach Kellen Moore [8] Additional Programming - WVUE will produce five weekly Saints-related programs to air on Fox 8 and/or GCSEN [7][11] - The programming includes live shows such as the Daily Training Camp Show, Extended Pre-Game Show, and various podcasts [11]

ATLANTA, June 02, 2025 (GLOBE NEWSWIRE) -- On August 15, 2025, Gray Media’s local television station WANF will end its 31-year affiliation with the CBS Network to begin a new chapter as an independent television station. Going forward, WANF will leverage its successful local news operation, complete control of its daily program schedule, and the resources of the locally based Gray Media to better serve the local community with on-air and online content throughout the day that is more responsive to the growi ...

Group 1 - CBS, a subsidiary of Paramount Global, and Gray Media have renewed 52 of Gray's existing 53 CBS network affiliations, ensuring continued local availability on Paramount+ and across traditional and virtual MVPD platforms [1] - Effective August 16, 2025, Gray's Atlanta station WANF will cease its CBS affiliation and operate as an independent television station focused on the Atlanta market [1] Group 2 - Gray Media is the largest owner of top-rated local television stations in the U.S., serving 113 television markets and reaching approximately 37% of U.S. television households [4] - Gray's portfolio includes 78 markets with the top-rated television station and 99 markets with the first or second highest-rated television station in 2024 [4] - Paramount Global is a leading media and entertainment company with a diverse portfolio that includes CBS, Paramount Pictures, Nickelodeon, and streaming services like Paramount+ and Pluto TV [5][6]