Gray Media acquisitions, on the record

Word for word“On May 1, 2023, we and Marquee Broadcasting, Inc. (“Marquee”) completed transactions in which we sold television station KNIN (FOX) in the Boise, Idaho market (DMA 102 ) for $ 6 million, and purchased television station WPGA (MeTV) in the Macon, Georgia market (DMA 126 ) for $ 6 million.” 10-K for 2023

Word for word“On May 1, 2023, we and Marquee Broadcasting, Inc. (“Marquee”) completed transactions in which we sold television station KNIN (FOX) in the Boise, Idaho market (DMA 102 ) for $ 6 million, and purchased television station WPGA (MeTV) in the Macon, Georgia market (DMA 126 ) for $ 6 million.” 10-K for 2023

Word for word“On April 1, 2022, we acquired television station WKTB-TV the Telemundo Network Group, LLC affiliate in the Atlanta, Georgia market (DMA 6 ), as well as certain digital media assets, for a combined purchase price of $ 31 million, using cash on hand (the “Telemundo Atlanta Transaction”).” 10-K for 2023

Word for word“On December 1, 2021, we completed the acquisition of all the equity interests of Meredith, immediately after the spinoff of Meredith’s National Media Group to the current Meredith shareholders, for an adjusted purchase price of $ 2.8 billion in total enterprise value.” 10-K for 2023

Word for word“To facilitate regulatory approvals for the Meredith Transaction, on September 23, 2021, we divested our existing television station WJRT (ABC) in the Flint-Saginaw, Michigan market (DMA 66 ), to Allen Media ("Allen") for an adjusted purchase price of $ 72 million in cash, including working capital (the “Flint Divestiture”).” 10-K for 2023

Word for word“On August 2, 2021, we completed the acquisition of all the equity interests of Quincy for an adjusted purchase price of $ 936 million, which amount includes an additional $ 6 million for working capital.” 10-K for 2023

Word for word“Also on August 2, 2021, and concurrently with the acquisition of Quincy, we completed the divestiture to Allen of television stations in seven markets previously owned by Quincy and located in our existing television markets, for an adjusted divestiture price of $ 401 million, which amount includes $ 21 million for working capital (the “Quincy Divestiture”).” 10-K for 2023

Word for word“On September 13, 2021, we completed the acquisition of Third Rail Studios for $27 million; 34 .” 10-K for 2023

Word for word“On July 1, 2024, we completed transactions with Marquee Broadcasting, Inc. (“Marquee”) in which we sold our television stations KCWY (NBC) in the Casper, Wyoming market (DMA 198 ) and KGWN (CBS) in the Cheyenne, Wyoming market (DMA 194 ) in exchange for Marquee’s FCC permit authorizing the construction of a new television station, to be built in the Salt Lake City, Utah market (DMA 27 ), which will be known as KCBU.” 10-K for 2024

Word for word“On May 1, 2023, we and Marquee completed transactions in which we sold television station KNIN (FOX) in the Boise, Idaho market (DMA 102 ) for $ 6 million, and purchased television station WPGA (MeTV) in the Macon, Georgia market (DMA 126 ) for $ 6 million.” 10-K for 2024

Word for word“On May 1, 2023, we and Marquee completed transactions in which we sold television station KNIN (FOX) in the Boise, Idaho market (DMA 102 ) for $ 6 million, and purchased television station WPGA (MeTV) in the Macon, Georgia market (DMA 126 ) for $ 6 million.” 10-K for 2024

Word for word“On April 1, 2022, we acquired television station WKTB-TV the Telemundo Network Group, LLC affiliate in the Atlanta, Georgia market (DMA 6 ), as well as certain digital media assets, for a combined purchase price of $ 31 million, using cash on hand (the “Telemundo Atlanta Transaction”).” 10-K for 2024

Word for word“Including the shares of preferred stock issued in the acquisition of Raycom Media, Inc. (the “Raycom Merger”), our Articles allow our Board of Directors to issue up to 20 million shares of preferred stock and set forth the terms of such preferred stock.” 10-K for 2024

Word for word“On January 1, 2026, we acquired all of the non-license assets of the station and commenced operating the station pursuant to a standard pre-closing agreement, and, on February 13, 2026, we acquired the license assets of the station, for total consideration of $25 million.” 10-K for 2025

Word for word“On July 1, 2024, we completed transactions with Marquee Broadcasting, Inc. (“Marquee”) in which we sold our television stations KCWY (NBC) in the Casper, Wyoming market (DMA 198) and KGWN (CBS) in the Cheyenne, Wyoming market (DMA 194) in exchange for Marquee’s FCC permit authorizing the construction of a new television station, to be built in the Salt Lake City, Utah market (DMA 27), which will be known as KCBU.” 10-K for 2025