Gray Media, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $398.5M
- Price
- $4.94
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.61%
- Volume
- 1.5M
About
Gray Media, Inc. is a leading television broadcasting entity that manages an extensive portfolio of TV stations and digital assets throughout the United States, reaching 113 distinct television markets. In addition to its primary channels, the company transmits a diverse range of secondary digital networks, including affiliations with major broadcasters like ABC, CBS, NBC, and FOX. Its specialized digital offerings also encompass networks such as CW Plus, MY Network, MeTV, Justice, This TV, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network. The company further provides localized news and weather channels and offers video program production services. Founded in 1891, Gray Media, Inc. is based in Atlanta, Georgia, and was formerly known as Gray Communications Systems, Inc. before being rebranded as Gray Television, Inc. in August 2002.
Quick stats
Shares outstanding103.8M
Computed float85.4M
Float / shares82.3%
Key info
SectorCommunication Services
IndustryBroadcasting
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0000043196
Websitehttps://graymedia.com
AI Summary
AI-generated1/50
majorbullishdebt offering
Gray Announces Closing of Offering of $750 Million of 7.500% Senior Secured First Lien Notes due 2034
Gray closed its offering of $750 million in 7.500% senior secured first lien notes due 2034, issued at par.
Proceeds will be used to redeem $675 million of its existing 10.500% notes due 2029 and repay $21 million in revolving credit facility borrowings, leaving $350 million of the 2029 notes outstanding.
This transaction significantly lowers the company's cost of capital, swapping 10.5% debt for 7.5% obligations on the refinanced portion.