GTN

Gray Media, Inc. operates as a multimedia company that owns and operates television stations and digital properties across the United States. Headquartered in Atlanta, Georgia, the company was founded in 1897 and has grown to become one of the largest television broadcast groups in the country. Gray owns or operates television stations in 113 markets that collectively reach approximately 36 percent of U.S. television households. The company's portfolio includes stations affiliated with major networks such as CBS, NBC, ABC, and FOX, along with leading cable brands. Beyond traditional broadcasting, Gray operates Tupelo Media Group, offering digital marketing services, and InvestigateTV, a national investigative journalism platform. The company generates revenue primarily through advertising sales, both broadcast and digital, as well as retransmission consent fees paid by cable and satellite providers. Gray has pursued an aggressive expansion strategy through strategic acquisitions, including the 2021 purchase of Meredith Corporation's Local Media Group for $2.7 billion, which added 17 television stations. The company employs approximately 10,000 people across its markets and maintains production facilities for local news, sports, and entertainment content. Gray's scale and local market presence position it as a significant player in the regional television broadcasting industry.