Gray Media
Atlanta, Georgia, United States · Advertising, Broadcasting, Digital Media
Gray Media Group, Inc. is a television broadcasting company that operates a portfolio of local television stations across the United States. It focuses on delivering high-quality news and entertainment programming to regional audiences. The company is known for its strategic approach to acquisitions and operational efficiency. Gray Media aims to leverage digital advertising trends and enhance its
Key facts
- Headquarters
- Atlanta, Georgia, United States
- Employees
- 2,141
- Industries
- Advertising, Broadcasting, Digital Media
- Status
- Public (GTN)
- Website
- graymedia.com
- Company page
Recent activity at Gray Media
- : SEC 8-K (1.01): On October 9, 2026, Gray Media, Inc. entered into an eighth amendment to its Fifth Amended and Restated Credit Agreement with Wells Fargo Bank as administrative agent. This amendment increases the aggregate principal amount available under the Senior Credit Facility, which is crucial for financing operations and expansion efforts. The amendment is part of ongoing financing arrangements since the original agreement dated December 1, 2021, with the involved parties including various guarantors and lenders. This adjustment underscores the company's strategic efforts to improve liquidity and operational capacity amidst changing market conditions.
- : SEC 8-K (1.01): On October 8, 2026, Gray Media, Inc. entered into a seventh amendment to its Fifth Amended and Restated Credit Agreement. This amendment modifies certain terms of the Senior Credit Facility, which involves Gray Media and Wells Fargo Bank as the administrative agent along with other lenders. Key changes include the provision of a new credit line and adjustments to financial covenants. The amendment is strategic for the company as it seeks to optimize its financing structure in a challenging market environment, although specific financial amounts related to the new credit line were not disclosed in the filing.
- : SEC 8-K (2.02): On September 28, 2026, Gray Media, Inc. issued a press release updating its financial guidance for the quarter ending September 30, 2026. This update is significant as it provides insights into the company's expected performance, which may impact investor decisions and stock prices. The announcement is part of their ongoing financial reporting obligations and reflects the company's efforts to communicate effectively with stakeholders regarding anticipated business conditions.
- : Gray Media acquires WAAY and WAFF stations
- : SEC 8-K (1.01): On August 21, 2026, Gray Media, Inc. issued $750,000,000 in 7.500% senior secured first lien notes due 2034. The issuance was conducted under an indenture with U.S. Bank Trust Company as trustee and will be used to redeem $675 million of outstanding 10.500% senior notes due 2029, repay $21 million under the revolving credit facility, and cover offering expenses. This financing is significant as it alters the company's debt structure and includes covenants that restrict various financial activities, potentially impacting future operations. The notes will mature on September 15, 2034, with interest accruing from their issue date and paid semiannually.
- : SEC 8-K (8.01): On August 17, 2026, Gray Media, Inc. announced through a press release the pricing of an offering of $750 million aggregate principal amount of 7.500% senior secured first lien notes due 2034. This offering is aimed at redeeming a portion of its outstanding 10.500% senior secured first lien notes due 2029, repaying part of the borrowings under the revolving credit facility, and covering offering fees and expenses. The notes are being offered to qualified institutional buyers and will not be registered under the Securities Act, adhering to specific exemptions. The event is significant as it indicates the company's strategy to manage its debt portfolio effectively while raising capital for operational flexibility.
- : SEC 8-K (8.01): On August 17, 2026, Gray Media, Inc. announced a notes offering of $750 million aggregate principal amount of senior secured first lien notes due 2034. The offering aims to redeem part of the outstanding 10.500% senior secured first lien notes due 2029, repay borrowings under the revolving credit facility, and cover offering fees and expenses. A conditional notice of partial redemption for $675 million of the 2029 Notes was also issued, set for August 27, 2026. The redemption is contingent on the successful completion of the new notes offering. This announcement is important as it outlines the Company's financial strategy and obligations related to its debt restructuring, influencing its capital structure.
- : SEC 8-K (7.01): Gray Media, Inc. is initiating meetings with prospective investors starting from August 7, 2026, as part of their ongoing investor relations efforts. The purpose of these meetings is to present to potential investors, and the company has provided a set of slides in Exhibit 99.1 that may be referenced during these discussions. This proactive engagement aims to enhance investor understanding of the company’s strategy and performance. The filing serves as a Regulation FD Disclosure, ensuring that the information shared with investors is equitable and transparent.
- : SEC 8-K (8.01): On August 7, 2026, Gray Media, Inc. announced through a press release that its Board of Directors authorized a quarterly cash dividend of $0.08 per share for both its common stock and Class A common stock. This dividend will be payable on September 30, 2026, to shareholders who are on record as of September 15, 2026. The decision reflects the company's ongoing commitment to returning value to its shareholders, indicating a stable financial position and future outlook. A copy of the press release detailing this announcement is included as Exhibit 99.1.
- : SEC 8-K (8.01): On July 21, 2026, Gray Media, Inc. repurchased $100 million of its 10.500% senior secured first lien notes due 2029 and $20 million of its 5.375% senior notes due 2031 in a privately negotiated transaction. The purchase price was at par plus accrued and unpaid interest, indicating the company is managing its debt obligations strategically. The repurchase was financed through available liquidity, including cash on hand and borrowings from the existing revolving credit facility. This transaction may positively impact the company's leverage and interest obligations moving forward.
Gray Media funding history
| Date | Round | Amount |
|---|---|---|
| Jul 2026 | Venture | $70.0M |
| Dec 2025 | Venture | $250.0M |
Leadership
- Kym Grinnage, Regional Vice President/Gray Television & General Manager/WWBT 12 On Your Side/ WUPV CW Richmond
- Joanie Vasiliadis, Senior Vice President
- Kevin Harned, Chief Meteorologist
- Don Vesely, Regional Vice President/General Manager
- Marc Leary, Assistant Supervisor
- Matt Feldman, Assistant Vice President
- Mike Shippey, National Account Manager
- Erin Overstreet, Vice President, Digital Sales
- Ian Rubin, News and Marketing Consultant/Strategist
- Dedrick Russell, Talent Acquisition Specialist
- Michael Zima, Vice President, External Reporting
- Stephenie Robinson, Programming and Sales Coordinator
Verified email and direct lines for Gray Media’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
Employee benefit plans
Gray Media files 5 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.
Gray Media in the news
- Atlanta Braves partner with Gray Media to simulcast 15 regular season games - MLB.com (Dec 18, 2024)
- About Us - Gray TV (Oct 04, 2024)
- MVC & Gray Media Execute Multi-Year Broadcasting Agreement - Missouri Valley Conference (Sep 12, 2024)
- Gray Media Agrees to Purchase Television Stations in Ten Markets from Byron Allen’s Allen Media Group - GlobeNewswire (Aug 08, 2025)
- Gray Media and Scripps Agree to Swap Television Stations - PR Newswire (Jul 07, 2025)
- Comscore Expands Long-Term Local Currency Partnership with Gray... - comScore (Dec 20, 2024)
- KTTC Closing admin account request - KTTC (Aug 15, 2023)
- Local Broadcasters Form Joint Venture to Provide High-Speed Data Transmission Services to Clients Across the United States - Sinclair, Inc (Jul 01, 2025)
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About Gray Media: questions and answers
What does Gray Media do?
Gray Media Group, Inc. is a television broadcasting company that operates a portfolio of local television stations across the United States. It focuses on delivering high-quality news and entertainment programming to regional audiences. The company is known for its strategic approach to acquisitions and operational efficiency. Gray Media aims to leverage digital advertising trends and enhance its
Where is Gray Media headquartered?
Gray Media is headquartered in Atlanta, Georgia, United States.
How many employees does Gray Media have?
Gray Media has about 2,141 employees.
Has Gray Media raised funding?
Yes. Fundz has recorded 2 funding events for Gray Media. The most recent, $70.0M, was in Jul 2026.
Who leads Gray Media?
Kym Grinnage is a Regional Vice President/Gray Television & General Manager/WWBT 12 On Your Side/ WUPV CW Richmond at Gray Media.
What is the latest news on Gray Media?
On Oct 09, 2026, SEC 8-K (1.01): On October 9, 2026, Gray Media, Inc. entered into an eighth amendment to its Fifth Amended and Restated Credit Agreement with Wells Fargo Bank as administrative agent. This amendment increases the aggregate principal amount available under the Senior Credit Facility, which is crucial
Is Gray Media a public company?
Yes. Gray Media is publicly traded under the ticker GTN.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy