Gray Media (Gray Television, Inc.), a publicly owned multimedia company founded in 1897 and headquartered in the US, employs approximately 2,040 people. In 2024, the company reported revenues exceeding $1 billion. Gray's primary business is broadcast television and radio, with a significant portfolio of local television stations and digital assets. Its holdings include the largest Telemundo affiliate group, and it claims to reach approximately 36% of US television households. The company also operates several video production companies (Raycom Sports, Tupelo Media Group, PowerNation Studios), studio production facilities (Assembly Atlanta and Third Rail Studios), and a digital marketing agency (Gray Digital Media). Gray holds a majority stake in Swirl Films.
On August 22, 2025, Gray Media announced two achievements in ATSC 3.0 (NEXTGEN TV) broadcasting. Tupelo Media Group, Gray Media's sports production company, will produce a New Orleans Saints preseason football game, which WVUE FOX8, Gray Media's New Orleans station, will broadcast using native High Dynamic Range (HDR) technology. A separate announcement, with no specific date given, revealed that Gray Media will produce and broadcast another New Orleans Saints preseason football game using the same HDR technology via its NEXTGEN TV format on its New Orleans station WVUE FOX8. On September 3, 2025, it was reported that The E.W. Scripps Company sold its Fort Myers, Florida station, WFTX, to Sun Broadcasting for $40 million. Gray Media also announced two unspecified developments to strengthen its business while facing revenue challenges; the date of this announcement is not specified. Finally, Gray Media's Iowa State Capitol Bureau reported on a Democratic victory in Iowa Senate District 1's special election on an unspecified date.
Gray Media offers 151 products in the media and telecoms services and media tech industries. Gray Media's product portfolio comprises of broadcast television and radio and media managed services.
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Gray Media's revenues were $3.6B in 2024. Caretta Research has split Gray Media's revenue into 3 different product categories, the largest of which is local broadcaster advertising, which represents 54% of Gray Media's revenue.
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