Jeff Gignac
Mr. Gignac will join the Company, initially as Executive Vice President, Finance, on April 1, 2024, and will succeed Mr. Ryan as Executive Vice President and Chief Financial Officer on July 1, 2024.
Highest-materiality recent filing
Gray Media files investor-deck 8-K; slide contents unavailable, no material news discernible
Gray Media to meet prospective investors beginning August 7, 2026; presentation slides referenced in this filing.
Gray Media declares quarterly cash dividend of $0.08 per share
Board authorized $0.08 per share cash dividend on both common and Class A common stock.
Gray Media Q2 revenue up 9% to $839M; political ad revenue jumps to $83M
Q2 total revenue $839M (+9% YoY); net income $14M vs $56M loss; adjusted EBITDA $214M (+27%).
Gray Media repurchases $120M of senior notes in privately negotiated transaction
Repurchased $100M of 10.500% senior secured first lien notes due 2029 at par plus accrued interest.
Gray Media files audited statement for $171M Allen Media stations acquisition
Total purchase price $171M all-cash; net assets acquired $171M as of May 1, 2026.
Issued $70M of 7.250% Senior Secured First Lien Notes due 2033 at par plus accrued interest from Feb 15, 2026.
Gray Media Q1 revenue $768M at high end of guidance; core ad up 2% YoY; net loss widens to $20M
Core advertising revenue $352M, +2% YoY, exceeding guidance of flat; political revenue $30M (high end of $25-30M).
Gray Media declares $0.08/share quarterly dividend payable June 30, 2026
Quarterly cash dividend of $0.08 per share on common stock and Class A common stock.
Gray Media furnishes prospective investor presentation slides
Presentation slides furnished as Exhibit 99.1 for use in investor meetings starting May 7, 2026.
Gray Media closes $171M station acquisition from Allen Media Group
Total purchase price of $171M plus working capital adjustments for 13 stations across multiple markets.
All 10 director nominees elected; Hilton H. Howell, Jr. received 149.8M for, 3.2M withheld.
Gray Media enters sixth amendment to credit facility; plans to repay remaining $10M Term F loan
No new borrowings; revolving commitments, principal amounts, or stated maturities unchanged.
Gray Media Q4 revenue $792M beats guidance; net loss $10M on political cycle comparison
Total revenue $792M exceeded high-end guidance of $782M; net loss $10M vs income $169M in Q4 2024.
Gray Media declares $0.08 quarterly cash dividend payable March 31, 2026
$0.08 per share dividend on common stock and Class A common stock declared.
Gray Media announces investor meetings; no material financial disclosures
Gray Media to hold prospective investor meetings starting Feb 26, 2026.
Gray Media redeems all 5.875% senior notes due 2026 on Jan 20 at par
Notice of redemption issued Dec 18, 2025 for $250M aggregate principal amount of 5.875% notes due 2026.
Gray Media closes $250M add-on of 9.625% senior secured notes due 2032
Issued $250M additional 9.625% senior secured second-lien notes at 102% of par plus accrued interest.
Gray Media sells $250M 9.625% senior secured notes; to redeem $125M of 10.5% first lien notes
Sold $250M aggregate principal of 9.625% Senior Secured Second Lien Notes due 2032 at 102% of par plus accrued interest.
Gray Media Q3 revenue $749M beats guidance; net loss $23M; announces station acquisitions
Total revenue $749M (high end of guidance); core advertising $355M (high end).
Gray Media declares quarterly cash dividend of $0.08 per share
Quarterly dividend of $0.08 per share on common stock and Class A common stock.
Gray Media files investor slides; no material financial updates disclosed
Company will hold meetings with prospective investors starting November 7, 2025.
Gray Media Q2 net loss $69M; revenue down 7% to $772M; impairment of $28M from CBS affiliation loss
Total revenue $772M (-7% YoY); core advertising $361M (-3%); political $9M (-81%) due to off-year cycle.
Gray Media declares $0.08 quarterly dividend payable Sept 30, 2025
Dividend of $0.08 per share on common stock (GTN) and Class A common stock (GTN.A).
Gray Media schedules prospective investor meetings with slide deck
Company will meet with prospective investors starting August 8, 2025.
Gray Media issues $775M 7.25% senior secured notes due 2033; refinances term loans and revolver
Issued $775M of 7.250% Senior Secured First Lien Notes due 2033 at par.
Gray Media prices $775M of 7.250% senior secured notes due 2033; upsized by $75M
Priced $775M aggregate principal of 7.250% senior secured first lien notes due 2033 at 100% of par.
Gray Media announces $700M senior secured note offering to refinance existing term loans
$700M aggregate principal of senior secured first lien notes due 2033 offered via private placement.
Gray Media issues $900M of 9.625% second lien notes due 2032; upsizes revolver to $750M
Issued $900M of 9.625% senior secured second lien notes due July 15, 2032 at par.
Gray Media prices $900M 9.625% senior secured second lien notes due 2032, upsized by $150M
$900M aggregate principal, 9.625% coupon, due 2032; priced at 100% of par.
Gray Media updates Q2 guidance down, announces $750M notes offering and impairment
Q2 2025 preliminary guidance: revenue $769-$775M (vs $826M in Q2 2024); political revenue drops to $8-$9M from $47M.
Gray Media renews CBS affiliations for 52 stations; WANF Atlanta to become independent
Renewed 52 of 53 CBS affiliations; stations continue on Paramount+ and MVPD platforms.
Gray Media Q1 revenue $782M, down 5% YoY; net loss $22M vs net income $75M
Net loss attributable to common stockholders $22M ($0.23 loss per share) vs net income $75M ($0.80) in Q1 2024.
Gray Media declares quarterly cash dividend of $0.08 per share
Quarterly cash dividend of $0.08 per share on common stock and Class A common stock.
Gray Media posts investor slides for prospective meetings; no material new info
Slides furnished as Exhibit 99.1 for use in presentations to prospective investors beginning May 8, 2025.
Gray Media shareholders approve amended equity plan, adding 5.7M common and 3.1M Class A shares
Shareholders approved Plan amendment increasing common share reserve by 5,720,088 to total 11,220,088 shares.
Gray Media increases AR Facility to $400M, extends to 2028; Revolver raised to $700M
AR Facility commitments increased by $100M to $400M; maturity extended from Feb 2026 to March 31, 2028.
Gray Media Q4 net income $156M, political revenue $250M; debt reduced $520M in 2024
Q4 total revenue $1,045M (+21% YoY); net income $156M vs. $(22)M loss in Q4 2023.
Gray Media declares $0.08 quarterly cash dividend payable March 31
Quarterly dividend of $0.08 per share on common stock and Class A common stock.
Gray Media furnishes investor slides; no material new disclosures
Company to begin prospective investor meetings on February 27, 2025.
Gray Television changes name to Gray Media, effective Jan 1, 2025
Name change to Gray Media, Inc. effective 12:01 a.m. on Jan 1, 2025.
Gray Television renews all ABC affiliate agreements through December 31, 2028 across 25 markets
Renewed multiyear agreements with The Walt Disney Company cover all 25 Gray ABC-affiliated stations.
Gray Television reduces debt $519M YTD; authorizes $250M additional repurchases
Since Jan 1, 2024, reduced total debt principal by $519M; $278M reduction since Oct 1, 2024.
Gray TV Q3 revenue $950M (+18% YoY); political ad surges 565%; targets $500M debt reduction
Q3 revenue $950M (+18% YoY); net income $83M vs -$53M loss; Adjusted EBITDA $338M (+61%).
Gray Television declares $0.08 per share quarterly dividend, payable Dec 31, 2024
Board authorized $0.08 per share quarterly cash dividend on common and Class A common stock.
Gray TV Q2 net income $22M; cuts 2024 core ad rev guidance to $1.525B, retrans to $1.475B
Total Q2 revenue $826M (+2% YoY); net income $22M vs $4M in Q2 2023.
Gray Television declares $0.08 quarterly dividend payable Sept 30, 2024
Board authorized a quarterly cash dividend of $0.08 per share on both common and Class A common stock.
Gray Television files 8-K for investor presentation slides; content not disclosed in text filing
Filing indicates Gray Television will use slides in meetings with prospective investors beginning August 8, 2024.
Gray Television amends $300M AR securitization facility; modifies receivables ratios
Amended $300M revolving AR facility with Wells Fargo, BofA, Truist, Regions.
Gray Television completes tender offer for 5.875% Senior Notes due 2026; $9.97M remain outstanding
Tender offer expired June 17, 2024; no additional notes tendered after the early tender date of June 3.
Issued $1.25B of 10.5% senior secured first lien notes due July 2029 at par; proceeds repay $1.2B tranche E term loan due 2026 and help repurchase 5.875% notes due 2026.
Mr. Gignac will join the Company, initially as Executive Vice President, Finance, on April 1, 2024, and will succeed Mr. Ryan as Executive Vice President and Chief Financial Officer on July 1, 2024.
Mr. Ryan will continue to serve as Executive Vice President and Chief Financial Officer of the Company through June 30, 2024, at which time he will retire from that executive officer position.
On May 22, 2023, Gray Television, Inc. (the “Company”), announced the appointment of Sandra (“Sandy”) Breland, as the Company’s Executive Vice President and Chief Operating Officer, effective immediately.
On April 14, 2023, Gray Television, Inc. (the “Company”) reported that Robert L. (“Bob”) Smith, Executive Vice President and Chief Operating Officer of the Company, had decided to retire, and resigned on April 13, 2023.
appointed Lorri McClain to serve as a director, effective March 1, 2022
Max materiality 0.85 · Median 0.50 · Most common event debt