Gray Media (GTN) Q2 FY26 earnings call

Gray Media delivered strong Q2 FY26 results, driven by robust political advertising and strategic acquisitions that exceeded revenue guidance. The company is actively deleveraging, utilizing political cash flows and opportunistic debt repurchases, while integrating new assets and expanding local sports content. Management anticipates continued political strength and operational efficiencies despite ongoing macroeconomic turbulence impacting core advertising.