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The company issued and sold Class B common stock through a public offeringsenior subordinated notes and preferred stock in September. Also, a new escoorts credit facility was arranged. The company bought Gulflink Communications, Inc. The Gwinnett Daily Post increased circulation in through a deal with Genesis Cable Communications to provide the paper to its metro Phx grand forks escorts subscribers at Genesis's expense. Gray's ownership of a newspaper and TV station in Albany, Georgia while grandfathered was examined under the Media cross-ownership rule of the FCC due to this potential purchase.

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The company issued and sold Class B common stock through a public offeringsenior subordinated notes and preferred stock in September.

Also, a new bank credit facility was arranged. The company bought Gulflink Communications, Inc. The Gwinnett Daily Post increased circulation in through a deal with Genesis Cable Communications to provide the paper to its metro Atlanta subscribers at Genesis's expense.

Gray's ownership of a newspaper and TV station in Albany, Georgia while grandfathered was examined under the Media cross-ownership rule of the FCC due to this potential purchase. They had Gray purchase 14 Benedek Broadcasting stations while that company was in bankruptcy.

Inthe company spun off its five daily newspapers and wireless messaging business into the newly phz Triple Crown Media, [4] [14] later in renamed Southern Community Newspapers. Advertising revenues dropped. The twin problems caused its shares to trade at its lowest at 16 cents inthus the NYSE indicated they might delist the company.

Loan covenants could have forced the company into default. However, some stations were forced to go off the air and their programming was moved to a multicast stream on adjacent channels, due to some stations unable to receive regulatory approval, after the FCC's ruling on t sales agreements.

Those silent stations would then be sold off to minority interest, pending FCC approval. The bureau was deed to provide enhanced coverage of national political issues for Gray's local stations.

The parties later agreed to a settlement. The services will consist of a broadcast diginet and an OTT streaming platform.

Gray will contribute distribution and marketing capabilities, multicast knowledge and affiliate Gray TV stations.