Gray Media Expands Its Reach with $80 Million Acquisition of Block Communications Stations

Gray Media, Inc. has officially completed its acquisition of several television stations from Block Communications, Inc. The deal, valued at $80 million, was announced on May 6, 2026, and marks a significant expansion of Gray's already robust portfolio in the local news broadcast sector. This strategic move adds television stations in key markets: Louisville, Kentucky; Springfield-Decatur, Illinois; and Lima, Ohio.

With this acquisition, Gray Media continues to solidify its status as the nation's largest owner of top-rated local television stations. The company is headquartered in Atlanta, Georgia, and operates across 120 full-power television markets, reaching approximately 37% of U.S. television households.

Gray's portfolio is particularly notable for its dominance in local news, boasting 81 markets where it owns the top-rated television station. Furthermore, it has established a commanding presence in 103 markets, where it ranks as either the first or second highest-rated station in average all-day ratings, as reported by Nielsen in 2025.

Gray Media’s acquisition is not just about expanding its television market share; it also reinforces its digital media capabilities. The company owns the largest Telemundo affiliate group in the U.S., covering 47 markets, and operates Gray Digital Media, a full-service digital agency. This division focuses on delivering innovative digital marketing strategies, ensuring that both national and local clients have access to some of the most advanced digital products and services in the industry.

In addition to its television stations, Gray Media's diverse media properties include video production companies such as Raycom Sports and Tupelo Media Group, along with studio production facilities like Assembly Atlanta and Third Rail Studios. This broad spectrum of operations positions Gray Media as a comprehensive media powerhouse, capable of meeting a wide range of audience and advertiser needs.

The completion of this transaction is poised to enhance Gray Media's competitive edge in the local broadcasting landscape. By integrating these new stations into its existing operations, Gray aims to leverage its extensive experience and resources to further improve local news coverage and community engagement in the newly acquired markets.

As Gray Media continues to expand, it remains focused on delivering high-quality news and entertainment to its viewers while providing innovative solutions to its advertising partners. The company’s commitment to localism and community service will undoubtedly play a pivotal role in its strategy moving forward.

For further information about Gray Media Inc. and its operations, interested parties can visit the official website at www.graymedia.com.

Contact Information:

For inquiries related to this acquisition or other corporate matters, Kevin P. Latek, Executive Vice President, Chief Legal and Development Officer, is available at 404-266-8333.