Gray Media (NYSE:GTN) is a U.S.-based broadcasting and digital media company that owns and operates a portfolio of local television stations and associated digital platforms. The company’s core business centers on delivering local news, sports and entertainment programming through its network-affiliated broadcast outlets. In addition to traditional over-the-air distribution, Gray Media supports multi-platform video streaming and on-demand services for audiences across its markets.
Gray Media’s television stations carry network programming from major national broadcasters, including ABC, CBS, NBC, Fox and The CW, and often feature locally produced news and public affairs content. The company generates revenue through advertising sales, retransmission consent fees from cable and satellite providers, and digital ad sales on its owned-and-operated websites and mobile apps. Gray also develops proprietary digital networks that amplify niche programming and extend the reach of its content offerings.
Founded in 1946 by James H. Gray in Atlanta, Georgia, the company has grown through strategic acquisitions and organic expansion. A landmark transaction was the completion of its merger with Raycom Media in 2019, which significantly increased Gray Media’s footprint and diversified its station portfolio. Headquartered in Atlanta, Gray Media has invested in next-generation broadcast technologies and digital streaming infrastructure to support evolving viewer habits.
Today, Gray Media serves local audiences in over 90 television markets across the United States, operating more than 100 broadcast outlets. Under the leadership of Chairman and Chief Executive Officer Hilton H. Howell Jr., the company continues to focus on strengthening local journalism, expanding digital offerings and enhancing shareholder value through disciplined growth and operational efficiency.
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