For the third quarter, Gray expects political revenue of $165 million to $185 million. Chief Financial Officer Jeff Gignac said Gray expects low-single-digit organic growth in net retransmission revenue, supplemented by acquired-station contributions. Debt actions and spending outlookDuring and after the quarter, Gray took several balance-sheet actions. About Gray Media (NYSE:GTN)Gray Media (NYSE:GTN) is a U.S.-based broadcasting and digital media company that owns and operates a portfolio of local television stations and associated digital platforms. In addition to traditional over-the-air distribution, Gray Media supports multi-platform video streaming and on-demand services for audiences across its markets.