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Gray Television, Inc. is a broadcast company headquartered in Atlanta, Georgia. Gray owns and/or operates television stations and leading digital assets in dozens of markets across the country. Gray is committed to supporting local community interests by providing quality news and entertainment to each market we serve. This community focus provides exceptional growth opportunity through a selective acquisition strategy, building long-term value for our stockholders. Upon completion of all previously announced and pending transactions, we will own and/or operate television stations in 40 television markets, broadcasting a total of 136 program streams including 73 affiliates of the Big Four networks (ABC, CBS, FOX and NBC). At that time, our owned and/or operated stations will include twenty-seven channels affiliated with the CBS Network, twenty-two channels affiliated with the NBC Network, fourteen channels affiliated with the ABC Network and ten channels affiliated with the FOX Network. We will then own and/or operate the number-one ranked television station in 27 of those 40 markets and the number-one or number-two ranked television station operations in 37 of those 40 markets. We will reach approximately 7.3 percent of total United States households.
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