THE CW NETWORK AND GRAY MEDIA RENEW AFFILIATION AGREEMENTS FOR 38 LOCAL TELEVISION STATIONS ACROSS THE COUNTRY

Markets Cover Nearly 10% of the Television Audience in the United States and More Than 12 Million TV Households

(August 12, 2024) Burbank, CA - The CW Network and Gray Media (Gray) (NYSE: GTN) today announced that they have reached a comprehensive agreement to renew the affiliations of 38 Gray-owned television stations across the country. Together, the 38 stations reach nearly 10% of the U.S. audience, serving more than 12 million television households.

Under terms of the agreement, the stations will remain the exclusive homes of Pac-12 college football, ACC college football and basketball, NASCAR Xfinity Series Racing, WWE NXT wrestling, and LIV Golf in their respective markets.

Financial terms were not disclosed.

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About The CW Network

The CW is America's fifth major broadcast network and reaches 100% of US television households. The CW delivers 15 hours of primetime entertainment programming per week in addition to over 300 hours of sports per year as the broadcast home to LIV Golf, ACC football and basketball games, Pac-12 football games, "Inside the NFL," and WWE NXT and NASCAR Xfinity Series beginning in Fall 2024. The fully ad-supported CW App, with more than 100 million downloads to date, is available for free to consumers on all major platforms and is home to the latest episodes and seasons of The CW's primetime programming, live streaming of LIV Golf tournaments and a library of entertaining film and television content for on-demand viewing. The CW is 75%-owned by Nexstar Media Group, Inc. (NASDAQ: NXST), a leading diversified media company and largest CW affiliate group. For more information about The CW, please visit www.cwtv.com.