Gray Media Investor Relations Material

Gray Television, Inc., a television broadcasting company, owns and operates television stations and digital assets in various markets across the United States. The company owns and operates television stations in 91 television markets that broadcast approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network. It also owned and operated digital assets associated to station websites or other digital platforms such as: entertainment or news-based mobile platforms; and digital broadcast centers, channel extensions, or a combination in nine markets.