CBS and Gray Media Renew Affiliation Agreements for 52 Markets

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]