Dividends & Buybacks
Gray Media Board Authorizes $0.08 Quarterly Dividend, Payable December 31
By News Desk ·
Key takeaways
- Gray Media's board authorized a quarterly cash dividend of $0.08 per share on its common stock and Class A common stock.
- The dividend is payable December 31, 2026, to shareholders of record at the close of business on December 15, 2026.
- Gray Media serves 117 full-power television markets reaching about 37% of US television households.
Gray Media's board authorized a quarterly cash dividend of $0.08 per share on its common stock and Class A common stock, payable December 31, 2026, to shareholders of record at the close of business on December 15, 2026. Stock Titan published the announcement on November 6, 2026.
Gray Media's Dividend Terms and Reach
Gray Media is a multimedia company headquartered in Atlanta, Georgia, and the nation's largest owner of top-rated local television stations and digital assets. The company serves 117 full-power television markets that collectively reach approximately 37% of US television households.
The portfolio includes 78 markets with the top-rated television station and 101 markets with the first and/or second highest rated television station in average all-day ratings across the 116 of such markets measured by Nielsen in 2025. Gray also owns the largest Telemundo affiliate group, with 46 markets, and Gray Digital Media, a full-service digital agency. Its additional media properties include video production companies Raycom Sports, Tupelo Media Group and PowerNation Studios, and studio production facilities Assembly Atlanta and Third Rail Studios.
Alan Gould is Gray's Vice President of Investor Relations.
Gray Media's Station Deals and Debt Sales
According to akta.pro company records, Gray Media completed a cash-free, even exchange of television stations with the E.W. Scripps Company in May 2026 across five mid-sized and small markets, acquiring WSYM in Lansing, Michigan, and KATC in Lafayette, Louisiana. The same records show Gray closed an $80 million acquisition of Block Communications television stations in Louisville, Springfield-Decatur and Lima in May 2026, creating a "Big Four duopoly" in Louisville and bringing its total to 120 full-power stations reaching 37% of U.S. households.
The records list post-IPO debt of $75 million in October 2026, $750 million in August 2026, $70 million in July 2026 and $250 million in December 2025.
Earlier Gray Media Announcements
Gray Media named Jennifer Rieffer general manager of WBTV in Charlotte, effective November 16, 2026, Stock Titan reported in October 2026. Earlier that month, Gray Media, the Southwestern Athletic Conference and Triple B Media announced a collaboration to simulcast dozens of SWAC athletic events free over-the-air, Stock Titan reported.
In November 2026, Gray Media promoted Jaime Eskridge to general manager of WLFI in Lafayette, Indiana, effective November 2, 2026, Stock Titan reported.
Gray Media's December Payment Date
The dividend is scheduled for payment on December 31, 2026, with the record date set at December 15, 2026.