Gray Media, Inc. issued $750 million in aggregate principal amount of 7.500% senior secured first lien notes due September 15, 2034. The company intends to use the net proceeds to redeem $675 million of its outstanding 10.500% senior secured first lien notes due 2029, repay $21 million in revolving credit facility borrowings, and pay offering-related fees and expenses. Following the redemption, approximately $350 million of the 2029 Notes will remain outstanding. This refinancing activity is material as it alters the company's capital structure and debt maturity profile. Gray Media operates in the broadcasting industry, owning and operating television stations across the United States.

Gray Media, Inc. announced that its Board of Directors authorized a quarterly cash dividend of $0.08 per share for both common stock and Class A common stock. The dividend is payable on September 30, 2026, to shareholders of record at the close of business on September 15, 2026. Gray Media operates as a multimedia company and is the nation’s largest owner of top-rated local television stations and digital assets.

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.

Gray Media, Inc. filed an amendment to a previous 8-K to provide audited financial statements for the acquisition of Allen Media Stations. The company acquired ten television stations across ten markets in two phases: three stations for $56 million on March 27, 2026, and seven stations for $115 million, totaling $171 million in cash. The acquisition includes broadcast licenses valued at $106 million and goodwill of $42 million. Gray Media is a multimedia company that owns and operates local television stations and digital assets.

On June 29, 2026, Gray Media, Inc. entered into a purchase agreement to sell $70.0 million of 7.250% Senior Secured First Lien Notes due 2033 in a private placement. The company used $40.0 million of the proceeds for the first closing of its $50.0 million cash acquisition of six television stations from American Spirit Media, LLC. Additionally, Gray used $30.0 million plus accrued dividends to repurchase 50,000 shares of its Series A Perpetual Preferred Stock, which had an aggregate liquidation preference of $50.0 million. The new notes rank pari passu with existing $775.0 million of 7.250% Senior Secured First Lien Notes due 2033. Gray Media, Inc. operates in the broadcasting industry and owns and operates local television stations.