(Kiran News | Business Desk) : Gray Media, Inc. (NYSE: GTN), a major U.S. television broadcasting company formerly known as Gray Television, has announced two significant developments to strengthen its business, even as it faces revenue challenges.
Revenue Drops in Q2 2024
On August 8, 2024, Gray Media reported its financial results for the second quarter, revealing a 7% drop in total revenue compared to the same period last year. Despite this decline, the company remains committed to growth and innovation in the rapidly changing media landscape.
Fox Affiliation Agreements Extended
In a positive move for its broadcast business, Gray Media announced on August 18, 2025, the renewal of its Fox Television Network affiliation agreements. The new deal covers all of Gray’s Fox-affiliated stations across 27 U.S. markets, ensuring continued access to Fox content for millions of viewers.
Strategic Google Cloud Streaming Partnership
Further expanding its digital footprint, Gray Media on August 21, 2025, disclosed a new partnership with Google Cloud. This agreement enables Gray to use a full end-to-end video streaming solution powered by Quickplay on Google Cloud. The initiative aims to deliver a highly personalized streaming experience for local viewers across its network.
Pat LaPlatney, President and Co-CEO of Gray Media, stated:
“With this game-changing infrastructure, we are leading the charge into the future of local streaming, one personalized viewing experience at a time.”
Dividend and Stock Update
Investors may note that Gray Media offers a current dividend yield of 5.25%, with shares closing at $6.09 as of August 28, 2025.
While the company sees opportunities for growth through these partnerships, market analysts suggest that some AI stocks may offer greater upside and lower risk at present.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.