Gray Media closes station swap transaction with E.W. Scripps

ATLANTA — Gray Media, Inc. has closed on its cash-free, even exchange of comparable assets with the E.W. Scripps Company involving the swap of television stations across five mid-sized and small markets that the parties announced in July 2025.

Under the terms of the agreement, Gray has acquired:

• WSYM (Fox) in Lansing, Michigan (DMA 113), where Gray owns WILX (NBC)
• KATC (ABC) in Lafayette, Louisiana (DMA 124), where Gray owns KADN (FOX) and KLAF-LP (NBC) as well as leading
  television stations in each of the other Louisiana markets.

In exchange, Scripps has acquired:

• KKTV (CBS) in Colorado Springs, Colorado (DMA 89), where Scripps owns KOAA (NBC)
• KKCO (NBC) and low power station KJCT-LP (ABC) in Grand Junction, Colorado (DMA 186)
• KMVT (CBS) and low power station KSVT-LD (Fox) in Twin Falls, Idaho (DMA 188), where Scripps owns low power station
  KSAW-LD (ABC).

With today’s closing, Gray has now consummated all previously announced television station transactions.

About Gray Media:

Gray Media, Inc. (NYSE: GTN) is a multimedia company headquartered in Atlanta, Georgia. We are the nation’s largest owner of top-rated local television stations and digital assets. As of May 15, 2026, we serve 117 full-power television markets that collectively reach approximately 37% of U.S. television households. The portfolio includes 78 markets with the top-rated television station and 101 markets with the first and/or second highest rated television station in average all-day ratings across the 116 of such markets that were measured by Nielsen in 2025. We also own the largest Telemundo Affiliate group with 46 markets and Gray Digital Media, a full-service digital agency offering national and local clients digital marketing
strategies with the most advanced digital products and services. Our additional media properties include video production companies Raycom Sports, Tupelo Media Group and PowerNation Studios, and studio production facilities Assembly Atlanta and Third Rail Studios. For more information, please visit www.graymedia.com.

About Scripps:

The E.W. Scripps Company (NASDAQ: SSP) is a diversified media company focused on creating connection. As one of the nation’s largest local TV broadcasters, Scripps serves communities with quality, objective local journalism and operates a portfolio of about 60 stations in 40 markets. Scripps reaches households across the U.S. with national news outlet Scripps News and popular entertainment brands ION, Bounce, Grit, ION Mystery, ION Plus and Laff. Scripps is the nation’s largest holder of broadcast spectrum. Scripps Sports serves professional and college sports leagues, conferences and teams with local market depth and national broadcast reach of up to 100% of TV households. Founded in 1878, Scripps is the steward of the Scripps National Spelling Bee, and its longtime motto is: “Give light and the people will find their own way.”