Earnings ·
Gray Media reported second quarter 2026 total revenue of $839 million, a 9% increase year-over-year, driven by…
GTNGray Media, Inc
Gray Media reported second quarter 2026 total revenue of $839 million, a 9% increase year-over-year, driven by political advertising revenue of $83 million compared to $9 million in the prior year period. Core advertising revenue decreased 1% to $357 million, while net retransmission revenue rose 10% to $150 million. The company announced a new $250 million debt repurchase authorization effective August 6, 2026, replacing an expired program. Gray Media also completed acquisitions of television stations in seven additional markets from Allen Media and others during the quarter. The company provided third quarter guidance projecting total revenue between $935 million and $965 million. Gray Media operates as a multimedia company and is the largest owner of top-rated local television stations and digital assets in the United States.