Gray Media Closes $80 Million Station Deal and Sets $0.08 Quarterly Dividend
The moves underscore a scale strategy built on top-rated local stations plus a national digital footprint.
Overview
- Gray Media closed an $80 million purchase from Block Communications, which finalized Wednesday, adding stations in Louisville, Kentucky; Springfield–Decatur, Illinois; and Lima, Ohio.
- The board authorized a quarterly cash dividend of $0.08 per share Thursday, payable June 30 to shareholders of record on June 15.
- Gray says its portfolio spans 120 full-power television markets that reach about 37% of U.S. TV households.
- Nielsen’s 2025 measurements place Gray with the top-rated station in 81 markets and a first or second all-day rating in 103 markets out of 119 measured.
- Company releases note that dividend payments and future results could change due to risks outlined in SEC filings.