Monitor upcoming audited statement of assets acquired (due within 71 days) for initial financial contribution. Q2 2026 earnings will provide first look at revenue and cost impact. No immediate catalyst; trade on broader industry trends.
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Executive Summary
Gray Media completed the acquisition of 10 television stations from Allen Media Group for $171M in cash, funded from available cash on hand. The deal expands Gray's station portfolio across existing and new markets, but no financial guidance or revenue impact was disclosed. The filing is routine with no immediate material financial implications.
Key Facts
- Total purchase price for Allen Media stations: $171M plus working capital adjustments
- First tranche (3 stations) acquired March 27, 2026 for $56M; second tranche (remaining stations) acquired May 1, 2026 for $115M
- All cash consideration from available cash on hand; no stock or debt issuance
- Gray is the largest owner of top-rated local TV stations, reaching ~37% of US TV households
- SEC granted waiver from providing historical financial statements of acquired stations; audited Statement of Assets Acquired and Liabilities Assumed to be filed within 71 days
Financial Impact
Cash outflow of $171M for station acquisition; no debt or equity issued
Risk Factors
- Cash used for acquisitions reduces financial flexibility
- Integration risks and potential operational challenges in new markets
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-015616 |
| Exhibit: ex_957285.htm | 0001437749-26-015616 |
| Document: 0001437749-26-015616-index-headers.html | 0001437749-26-015616 |
| Document: 0001437749-26-015616-index.html | 0001437749-26-015616 |
| Document: 0001437749-26-015616.txt | 0001437749-26-015616 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 7, 2026 24w ago | 8-K | $11.50 $7.91 | ▼ −31.22% | ▼ −31.24% | $6.05 (−47.39%) |
May 7, 2026 24w ago | 8-K | $11.30 $8.02 | ▼ −29.03% | ▼ −32.16% | $6.05 (−46.46%) |
Mar 26, 2026 30w ago | DEFA14A | $12.51 $10.32 | ▼ −17.51% | ▼ −30.25% | $6.05 (−51.64%) |
US Market Status
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