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$GTN

GRAY MEDIA, INC

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MAY 15·TVTechnologyLow

Scripps Completes Station Swaps with Gray Media

The E.W. Scripps Company and Gray Media have finalized local TV station swaps across five mid-sized and small markets, a deal initially announced in July 2025 and approved by the FCC in late April. The transaction involved an even exchange of comparable assets without cash consideration, with Scripps expanding its presence in Colorado Springs and Twin Falls while establishing a new footprint in Grand Junction. The move aims to enhance the economic durability of Scripps' stations, supporting their commitment to high-quality local news and community services.

MAY 7·The Manila Times

Gray Media and Block Communications Close Station Transaction

Gray Media, Inc. has finalized its acquisition of television stations from Block Communications, Inc. for $80 million. This deal adds stations in Louisville, Kentucky; Springfield-Decatur, Illinois; and Lima, Ohio, expanding Gray Media's portfolio. Gray Media is a large multimedia company operating in 120 full-power television markets across the U.S.

MAY 7·Investing.com

Gray Media names Nicole Lewis GM of KBTX in Texas

Gray Media Inc. has appointed Nicole Lewis as General Manager and Director of Sales for KBTX, its CBS affiliate in Bryan-College Station, Texas. Lewis brings extensive sales leadership experience from previous roles at WKMG, FOX in Houston, NBC in Charlotte, and FOX in Greensboro. Gray Media, an Atlanta-based multimedia company reaching approximately 37% of U.S. television households, has shown strong financial performance and is considered undervalued by InvestingPro analysis, with several analysts raising price targets due to optimistic debt reduction outlooks and strong earnings.

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