Gray Media Secures Fox Renewal and Google Streaming Deal Amid Revenue Drop

Gray Media, Inc. (NYSE:GTN) is one of the 14 Best Cheap Dividend Stocks to Buy Under $10.

Despite the mixed second-quarter results, the company thrives with the renewal of Fox affiliation agreements and a new video streaming deal.

Gray Media, Inc. (NYSE:GTN), formerly known as Gray Television, Inc., is a publicly traded television broadcasting company headquartered in Georgia. As one of the largest television station operators in the U.S, the company owns and/or operates stations and digital assets in numerous markets across the country. Its portfolio includes affiliates of major networks like ABC, CBS, NBC, and FOX.

On August 8, 2024, Gray Media, Inc. (NYSE:GTN) reported its second-quarter earnings results. The report indicated a 7% decline in the total revenue compared to the same quarter previous year. Later, on August 18, 2025, Gray Media, Inc. (NYSE:GTN) announced reaching an agreement with the Fox Television Network. The agreement extends the network affiliations for all the company’s Fox-affiliated television stations across 27 markets.

Additionally, on August 21, 2025, the company reported a new video streaming deal with Google Cloud. The deal involves a full end-to-end solution on Google Cloud, powered by Quickplay. The company’s President and Co-CEO, Pat LaPlatney, made the following statement:

“With this game-changing infrastructure, we are leading the charge into the future of local streaming, one personalized viewing experience at a time.”

Investors interested in purchasing the stock must take note of its current dividend yield of 5.25% and the closing stock price $6.09 as of August 28, 2025.

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