Gray Media, Inc. Announces Quarterly Dividend; Filing Also Includes Via Renewables Tender Offer Details

Gray Media, Inc. disclosed in its Form 8-K filing dated February 27, 2025, that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share for both its common stock and Class A common stock. The dividend is scheduled to be paid on March 31, 2025, to shareholders of record at the close of business on March 14, 2025. A press release announcing this dividend is attached to the filing as Exhibit 99.1.

In addition to the dividend announcement, the filing includes an attached press release—also identified as Exhibit 99.1—that outlines a tender offer by Via Renewables, Inc. In this press release, Via Renewables announced the commencement of a tender offer to purchase up to 200,000 shares of its 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock. The offer price is set at $24.00 per share in cash, less applicable withholding taxes and without interest. The number of shares proposed for repurchase represents approximately 5.9% of the Company’s currently outstanding Series A Preferred Stock.

Under the terms of the tender offer, holders of Via Renewables’ Series A Preferred Stock may tender all or a portion of their shares and will receive the stated purchase price in cash. The offer is subject to conditions, including proration if the total of properly tendered and not withdrawn shares exceeds 200,000. The tender offer is not contingent upon securing financing or reaching a minimum level of participation; however, it is subject to other specified terms and conditions. For holders unable to deliver shares physically or by book-entry transfer by the tender offer deadline, procedures are provided to tender by notice of guaranteed delivery. The tender offer is set to expire at 5:00 p.m. New York City time on March 28, 2025, unless extended or terminated.

Both announcements were included in the filing to keep investors informed. Gray Media, Inc. emphasized its commitment to providing timely shareholder returns with the dividend, while Via Renewables, Inc. outlined the details of its tender offer, accompanied by extensive risk disclosures and a cautionary note regarding forward-looking statements. Investors are advised to review the tender offer documents and consult with their financial advisors for further details on the associated risks and terms.

No additional company contact information was provided in the filing.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Gray Television’s 8K filing here.

About Gray Television

Gray Television, Inc, a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Circle, Telemundo, THE365, and Outlaw; and local news/weather channels in various markets.