GRAY MEDIA, INC

Gray Media reported a significant turnaround in Q2 2026, achieving a net income of $14 million and diluted EPS of $0.21, compared to a net loss of $56 million and EPS of $(0.71) in Q2 2025. Total revenue increased by 8.7% to $839 million for the quarter. Year-to-date, the company reduced its net loss to $6 million from $65 million, driven by improved operating income and strategic acquisitions totaling $264 million.

Gray Media, Inc. announced its intention to meet with prospective investors starting August 7, 2026. The company will use presentation slides, which are furnished as Exhibit 99.1, during these investor meetings.

Gray Media, Inc. announced strong financial results for the second quarter of 2026, with net income significantly improving to $14 million and total revenue increasing 9% year-over-year to $839 million. The company also authorized a new $250 million debt repurchase program, replacing a prior authorization. Political advertising revenue saw a substantial 822% increase, and Adjusted EBITDA grew by 27%, reflecting the benefits of recent M&A activity and exceeding most guidance metrics.

Gray Media, Inc. announced that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share for both its common stock and Class A common stock. The dividend is scheduled to be paid on September 30, 2026, to shareholders who are on record as of the close of business on September 15, 2026.

Gray Media, Inc. announced that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share for both its common stock and Class A common stock. The dividend is scheduled to be paid on September 30, 2026, to shareholders who are on record at the close of business on September 15, 2026.

Gray Media reported strong financial results for the second quarter ended June 30, 2026, with total revenue increasing 9% year-over-year to $839 million and net income reaching $14 million, a significant turnaround from a loss in the prior year. The company's M&A activities contributed positively, and political advertising revenue substantially exceeded guidance. Gray Media also announced a new $250 million debt repurchase authorization and provided optimistic guidance for the third quarter of 2026.

Gray Media, Inc. announced the repurchase of $120 million in senior notes through a privately negotiated transaction. The company repurchased $100 million of its 10.500% senior secured first lien notes due 2029 and $20 million of its 5.375% senior notes due 2031. The transaction was executed at par plus accrued and unpaid interest, utilizing available liquidity, including cash on hand and borrowings from its revolving credit facility.

Gray Media and the Atlanta Hawks announced a landmark broadcast partnership for the 2026-27 NBA season. This agreement makes Gray Media's Atlanta broadcast television station WANF the official broadcast partner, bringing all non-nationally televised Hawks regular season games to WANF and Peachtree Sports Network. The partnership ensures free over-the-air access for fans across the Atlanta market and other Gray Media stations in Georgia, building on successful previous collaborations that saw strong ratings.

Gray Media, Inc. announced its participation in four upcoming investor conferences. The schedule includes the Seaport 15th Annual Summer Investor Conference in August 2026, the Benchmark 13th Annual TMT One-on-One Conference in September 2026, the Deutsche Bank 34th Annual Leveraged Finance Conference in late September 2026, and the BofA 2026 Leveraged Finance Conference in December 2025. Investors are encouraged to contact their brokerage firm to register and request meetings with Gray management.

Gray Media, Inc. announced that it will release its earnings results for the second quarter ended June 30, 2026, on Friday, August 7, 2026. The company will host a conference call on the same day at 11:00 a.m. Eastern Time to discuss its operating results. The call details, including dial-in numbers and webcast information, were provided for interested participants.