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Gray Renews All Fox Affiliation Agreements

1. Gray Media renews Fox network affiliations for 27 markets. 2. The agreement strengthens Gray's competitive position in local broadcasting. 3. Gray operates in 113 TV markets, reaching 37% of U.S. households. 4. The portfolio includes many top-rated local stations. 5. Gray's digital agency offers advanced marketing strategies.

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FAQ

Why Bullish?

The renewal of agreements generally indicates stability and future revenue potential, similar to past instances where extended contracts led to positive market reactions.

How important is it?

The renewal solidifies key revenue streams and market position, crucial for investor confidence.

Why Short Term?

Immediate market sentiment should improve due to the recent agreement, which can quickly reflect in GTN's stock price.

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August 18, 2025 07:00 ET  | Source: Gray Media           ATLANTA, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray,” “we,” or “our”) (NYSE: GTN) has reached an agreement with the Fox Television Network that extends and renews the network affiliations for all of Gray’s Fox affiliated television stations across 27 markets, including Portland, Oregon; Cincinnati, Ohio;  Las Vegas, Nevada; and Birmingham, Alabama. About Gray Media:            Gray Media, Inc. (NYSE: GTN) is a multimedia company headquartered in Atlanta, Georgia. The company is the nation’s largest owner of top-rated local television stations and digital assets serving 113 television markets that collectively reach approximately 37 percent of US television households. The portfolio includes 78 markets with the top-rated television station and 99 markets with the first and/or second highest rated television station during 2024, as well as the largest Telemundo Affiliate group with 44 markets.  The company also owns 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’s 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. For more information, please visit www.graymedia.com. Gray Contact: Kevin P. Latek, Executive Vice President, Chief Legal and Development Officer, 404-266-8333 #        #        #

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