Gray Media, Inc. GTN-A

What this company does

Its operating revenues are derived primarily from broadcast and digital advertising and from retransmission consent fees. Its television stations serve 114 full-power television markets in the United States, collectively reaching approximately 37% of US television households. For the year ended December 31, 2025, its total revenue was $3.1 billion, compared with $3.6 billion in 2024 and $3.3 billion in 2023. As of February 20, 2026, it had 9,165 full-time employees and 417 part-time employees. During the year ended December 31, 2025, approximately 17% of its broadcast advertising revenue, excluding political advertising revenue, was obtained from advertising sales to automotive customers. Its additional media properties include the video production companies Raycom Sports, Tupelo Media Group and PowerNation Studios, and the studio production facilities Assembly Atlanta and Third Rail Studios. Gray Media, Inc. is a Georgia corporation, incorporated in 1897 initially to publish the Albany Herald in Albany, Georgia, and it entered the broadcast industry in 1953.

Written from the business description in Gray Media, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.