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Gray Media raises political ad revenue estimates to $188M-$195M and lifts total revenue guidance to $950M-$965M for Q3
GTNGray Media, Inc
Gray Media, Inc. issued a press release on September 28, 2026, updating its financial guidance for the quarter ending September 30, 2026. The company raised political advertising revenue estimates to $188 million–$195 million from the previous range of $165 million–$185 million and lifted total revenue expectations to $950 million–$965 million from $935 million–$965 million. Core advertising guidance was adjusted slightly downward to a -1% to flat change, while corporate and administrative expenses were reduced to $30 million–$35 million. Gray anticipates no outstanding borrowings under its Revolving Credit Facility as of quarter-end and expects to report third-quarter results on November 6, 2026. The company is the nation's largest owner of top-rated local television stations and digital assets.