Gray Television, Inc. is a multimedia company that owns and operates television stations and digital assets in various markets across the United States. It operates in two business segments: broadcasting and production companies. The broadcasting segment operates television stations in local markets in the United States. The production companies segment includes the production of television and event content. It serves approximately 113 television markets in the United States. The Company's portfolio includes 80 markets with the top-rated television station and 100 markets with the first and/or second highest rated television station. It also owns video program companies, Raycom Sports, Tupelo Honey, PowerNation Studios and Third Rail Studios which it refers to collectively as its production companies. Its subsidiaries include Gray Media Group, Inc., Gray Television Licensee, LLC, Raycom Sports Network, LLC, Tupelo Media Group, LLC, PowerNation Studios, LLC and Dynamic Captioning, LLC.
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