• Gray Media forecasts 2026 political advertising revenue of $635 million at guidance midpoint, versus $42 million in 2025.
• Expected political cash allocation of $175 million to $200 million would reduce outstanding debt.
• Financing activity is expected to lower annual interest and preferred dividend costs by approximately $40 million to $50 million.
• Net retransmission revenue is projected to return to reported and organic growth despite an almost two-month satellite distribution dispute.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gray Media Inc. published the original content used to generate this news brief on November 06, 2026, and is solely responsible for the information contained therein.