Gray Television
Gray Television is the second largest television broadcaster in the US, headquartered in Atlanta, Georgia, with stations serving 114 markets and reaching 36 percent of US television households.
Company Overview
Gray Television is the second largest television broadcaster in the United States, with television stations serving 114 markets. Headquartered in Atlanta, Georgia, the company owns and operates high-quality stations that reach 36 percent of US television households. Gray Television is recognized as the largest owner of top-rated local television stations and digital assets in the nation, based on Comscore’s audience measurement data.
Acquisitions and Transformations
On January 2, 2019, Gray Television acquired Raycom Media, Inc., which marked a significant transformation from a small, regional broadcaster to a leading media company with nationwide scale. This acquisition expanded the company’s reach and capabilities, greatly enhancing its portfolio and market presence across the United States.
Media Ventures and Digital Businesses
Gray Television owns a variety of media and digital businesses, including Raycom Sports, Tupelo Honey, and RTM Studios, the producer of PowerNation programs and content. It is also the majority owner of Swirl Films. These ventures support a broad array of video program production, marketing, and digital initiatives, underscoring the company's diverse media capabilities.
Strategic Initiatives and Financial Moves
Gray Television has announced the commencement of a $1.6 billion refinancing process and an increase to its revolving credit facility. The company also initiated a quarterly cash dividend, the first since the Great Recession. These financial moves are part of Gray Television's strategic efforts to strengthen its financial position and provide value to shareholders.
Assembly Atlanta Development
Gray Television is developing Assembly Atlanta, a 135-acre mixed-use real estate complex centered around the studio industry. Located in Doraville, Georgia, Assembly Atlanta includes the 43-acre Assembly Studios complex, which features soundstages, production offices, warehouse and mill buildings, studio bungalows, event space, and parking decks. Environmental initiatives during construction include recycling concrete and steel, and using above-ground storm water structures.