Gray Media Updates Q3 2026 Guidance

ATLANTA, Sept. 28, 2026 /CourierPR/ -- Gray Media, Inc., a multimedia company headquartered in Atlanta, Georgia, has updated its financial guidance for the quarter ending September 30, 2026. The company, which is the nation’s largest owner of top-rated local television stations and digital assets, has provided the most current operational information and expectations available to the company as of the date of this release.

The update is being made in connection with lender meetings to potentially refinance its credit facility and presentations to investors. Gray Media anticipates that it will have no outstanding borrowings under its Revolving Credit Facility as of September 30, 2026. Current borrowing capacity under its Accounts Receivable Securitization facility is approximately $379 million, reflecting lower core commercial receivables driven by strong political advertising revenues, which are paid in advance.

The company currently expects to report its third quarter 2026 financial results on Friday, November 6, 2026, and host its quarterly investor call at 11 AM that morning. 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 that were measured by Nielsen in 2025. The company also owns the largest Telemundo Affiliate group with 46 markets and Gray Digital Media, a full-service digital agency offering national and local clients digital marketing strategies with the most advanced digital products and services.

Gray Media anticipates that it will have no outstanding borrowings under its Revolving Credit Facility as of September 30, 2026. Current borrowing capacity under its Accounts Receivable Securitization facility is approximately $379 million, reflecting lower core commercial receivables driven by strong political advertising revenues, which are paid in advance. The company currently expects to report its third quarter 2026 financial results on Friday, November 6, 2026, and host its quarterly investor call at 11 AM that morning.

For the estimates not listed below, our original guidance issued on August 7, 2026, remains unchanged. As always, guidance may change in the future based on several factors and therefore may not reflect future actual results. For illustrative purposes, the table below highlights political advertising revenue trends for the first nine months of this year alongside the first nine months of the two prior “on-year” political cycles. The 2026 estimate assumes $192 million of third quarter political advertising revenue, the midpoint of Gray’s updated guidance, and includes an estimated $9 million of political advertising revenue from recent acquisitions through September 30, 2026, which is included in the updated guidance.

The Company, headquartered in Atlanta, Georgia, is a multimedia company that serves 117 full-power television markets, which 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 that were measured by Nielsen in 2025. The company also owns the largest Telemundo Affiliate group with 46 markets and Gray Digital Media, a full-service digital agency offering national and local clients digital marketing strategies with the most advanced digital products and services.