{"success":true,"data":{"pressRelease":{"id":"36732","rtpr_id":"nGNEcf1msk","ticker":"GTN","exchange":"NYSE","all_tickers":["GTN"],"title":"Gray Media Closes Station Swap Transaction with EW Scripps","author":"Globe Newswire","published_at":"2026-05-15T15:30:00.223Z","article_body":"ATLANTA, May 15, 2026 (GLOBE NEWSWIRE) --  Gray Media, Inc. today closed on\nits cash-free, even exchange of comparable assets with the E.W. Scripps\nCompany involving the swap of television stations across five mid-sized and\nsmall markets that the parties announced in July 2025.\n\nUnder the terms of the agreement, Gray has acquired:\n* WSYM (Fox) in Lansing, Michigan (DMA 113), where Gray owns WILX (NBC); and\n* KATC (ABC) in Lafayette, Louisiana (DMA 124), where Gray owns KADN (FOX) and\nKLAF-LP (NBC) as well as leading television stations in each of the other\nLouisiana markets.\nIn exchange, Scripps has acquired:\n* KKTV (CBS) in Colorado Springs, Colorado (DMA 89), where Scripps owns KOAA\n(NBC);\n* KKCO (NBC) and low power station KJCT-LP (ABC) in Grand Junction, Colorado\n(DMA 186); and\n* KMVT (CBS) and low power station KSVT-LD (Fox) in Twin Falls, Idaho (DMA\n188), where Scripps owns low power station KSAW-LD (ABC).\nWith today’s closing, Gray has now consummated all previously announced\ntelevision station transactions.\n\nGray Media, Inc. (NYSE: GTN) is a multimedia company headquartered in Atlanta,\nGeorgia. We are the nation’s largest owner of top-rated local television\nstations and digital assets. As of May 15, 2026, we serve 117 full-power\ntelevision markets that collectively reach approximately 37% of US television\nhouseholds. The portfolio includes 78 markets with the top-rated television\nstation and 101 markets with the first and/or second highest rated television\nstation in average all-day ratings across the 116 of such markets that were\nmeasured by Nielsen in 2025. We also own the largest Telemundo Affiliate group\nwith 46 markets and Gray Digital Media, a full-service digital agency offering\nnational and local clients digital marketing strategies with the most advanced\ndigital products and services. Our additional media properties include video\nproduction companies Raycom Sports, Tupelo Media Group, and PowerNation\nStudios, and studio production facilities Assembly Atlanta and Third Rail\nStudios. For more information, please visit www.graymedia.com.\n\nGray Contact:\n\nKevin P. Latek, Executive Vice President, Chief Legal and Development Officer,\n404-266-8333\n\n#        #        #","article_body_html":"","raw_payload":{"data":{"id":"nGNEcf1msk","title":"Gray Media Closes Station Swap Transaction with EW Scripps","author":"Globe Newswire","ticker":"GTN","created":"2026-05-15T15:30:00.223Z","tickers":["GTN"],"exchange":"NYSE","article_body":"ATLANTA, May 15, 2026 (GLOBE NEWSWIRE) --  Gray Media, Inc. today closed on\nits cash-free, even exchange of comparable assets with the E.W. Scripps\nCompany involving the swap of television stations across five mid-sized and\nsmall markets that the parties announced in July 2025.\n\nUnder the terms of the agreement, Gray has acquired:\n* WSYM (Fox) in Lansing, Michigan (DMA 113), where Gray owns WILX (NBC); and\n* KATC (ABC) in Lafayette, Louisiana (DMA 124), where Gray owns KADN (FOX) and\nKLAF-LP (NBC) as well as leading television stations in each of the other\nLouisiana markets.\nIn exchange, Scripps has acquired:\n* KKTV (CBS) in Colorado Springs, Colorado (DMA 89), where Scripps owns KOAA\n(NBC);\n* KKCO (NBC) and low power station KJCT-LP (ABC) in Grand Junction, Colorado\n(DMA 186); and\n* KMVT (CBS) and low power station KSVT-LD (Fox) in Twin Falls, Idaho (DMA\n188), where Scripps owns low power station KSAW-LD (ABC).\nWith today’s closing, Gray has now consummated all previously announced\ntelevision station transactions.\n\nGray Media, Inc. (NYSE: GTN) is a multimedia company headquartered in Atlanta,\nGeorgia. We are the nation’s largest owner of top-rated local television\nstations and digital assets. As of May 15, 2026, we serve 117 full-power\ntelevision markets that collectively reach approximately 37% of US television\nhouseholds. The portfolio includes 78 markets with the top-rated television\nstation and 101 markets with the first and/or second highest rated television\nstation in average all-day ratings across the 116 of such markets that were\nmeasured by Nielsen in 2025. We also own the largest Telemundo Affiliate group\nwith 46 markets and Gray Digital Media, a full-service digital agency offering\nnational and local clients digital marketing strategies with the most advanced\ndigital products and services. Our additional media properties include video\nproduction companies Raycom Sports, Tupelo Media Group, and PowerNation\nStudios, and studio production facilities Assembly Atlanta and Third Rail\nStudios. For more information, please visit www.graymedia.com.\n\nGray Contact:\n\nKevin P. Latek, Executive Vice President, Chief Legal and Development Officer,\n404-266-8333\n\n#        #        #"},"type":"article","timestamp":"2026-05-15T15:30:00.290977211Z","server_sent_at_ms":1778859000290},"received_at":"2026-05-15T15:30:00.350Z","source_url":null},"analysis":{"id":"26175","press_release_id":"36732","analysis_json":{"industry":{"label":"Broadcasting","sector":"Communication Services"},"redFlags":[],"eventType":"m_and_a","narrative":"Gray Media closed a cash-free, even exchange of television stations with E.W. Scripps Company, swapping assets across five mid-sized and small markets.\n\nGray acquired WSYM in Lansing, Michigan, and KATC in Lafayette, Louisiana, while transferring KKTV in Colorado Springs, KKCO in Grand Junction, and KMVT in Twin Falls to Scripps.\n\nThe deal completes all previously announced television station transactions for Gray, which now serves 117 full-power markets reaching approximately 37% of US television households.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Portfolio swap closes; no cash or dilution involved."},"keyFigures":{"customDimensions":{"markets_served":117,"top_rated_markets":78,"us_household_reach_pct":"37%","telemundo_affiliate_markets":46}},"quotedText":"Gray has now consummated all previously announced television station transactions.","namedEntities":{"people":[{"name":"Kevin P. 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It is a portfolio optimization move rather than a growth acquisition."},"tickerRelevance":{"others":[{"ticker":"SSP","relevance":"counterparty"}],"primary":"GTN"},"globalImportance":25,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"portfolio_swap","sectorWeight":"media","householdBrandBoost":"low","marketCapAdjustment":"neutral"}},"event_type":"m_and_a","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"Gray Media closed a cash-free, even exchange of television stations with E.W. Scripps Company, swapping assets across five mid-sized and small markets.\n\nGray acquired WSYM in Lansing, Michigan, and KATC in Lafayette, Louisiana, while transferring KKTV in Colorado Springs, KKCO in Grand Junction, and KMVT in Twin Falls to Scripps.\n\nThe deal completes all previously announced television station transactions for Gray, which now serves 117 full-power markets reaching approximately 37% of US television households.","key_figures":{"customDimensions":{"markets_served":117,"top_rated_markets":78,"us_household_reach_pct":"37%","telemundo_affiliate_markets":46}},"named_entities":{"people":[{"name":"Kevin P. Latek","role":"Executive Vice President, Chief Legal and Development Officer"}],"products":["WSYM","WILX","KATC","KADN","KLAF-LP","KKTV","KOAA","KKCO","KJCT-LP","KMVT","KSVT-LD","KSAW-LD","Raycom Sports","Tupelo Media Group","PowerNation Studios","Assembly Atlanta","Third Rail Studios","Gray Digital Media"],"companies":[{"name":"Gray Media, Inc.","ticker":"GTN","relationship":"filer"},{"name":"E.W. Scripps Company","ticker":"SSP","relationship":"counterparty"}],"dollarAmounts":[]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-15T15:30:22.610Z","global_importance":25,"audience_relevance":15,"importance_components":{"tickerTier":"mid-cap","eventGravity":"portfolio_swap","sectorWeight":"media","householdBrandBoost":"low","marketCapAdjustment":"neutral"}},"durationMs":22246,"modelName":"george-droid-qwen-72b"}}