Gray Television, Inc. Will Officially Become Gray Media, Inc.

Company Overview - Gray Media, Inc., formerly known as Gray Television, Inc., is headquartered in Atlanta, Georgia, and is the largest owner of top-rated local television stations and digital assets in the United States [3] - The company serves 113 television markets, reaching approximately 36 percent of U.S. television households, with a portfolio that includes 77 markets with the top-rated television station and 100 markets with the first and/or second highest-rated television station [3] - Gray Media also owns the largest Telemundo Affiliate group, covering 43 markets and nearly 1.5 million Hispanic TV households [3] - The company operates Gray Digital Media, a full-service digital agency, and has additional media properties including Raycom Sports, Tupelo Media Group, and PowerNation Studios [3] Name Change Announcement - The Board of Directors has unanimously voted to change the company's name to Gray Media, Inc., effective January 1, 2025, aligning the formal name with common usage [7] - The name change will not affect the company's trading symbols, CUSIPs, or the rights of its security holders, with common stock expected to begin trading under the new name on January 10, 2025 [4][7] Strategic Growth and Transformation - Executive Chairman Hilton H. Howell highlighted that Gray has expanded into new geographic and business markets over the past decade, diversifying its reach beyond local media [1] - The company is investing in new business models and technologies, marking a significant transformation in its 127-year history [1]