Exhibit 99.1 NEWS RELEASE Gray Media Announces Third Quarter Financial Results EXECUTIVE COMMENTARY "During the third quarter and into October, we extended approximately $2 billion of our debt maturities, including our revolving credit facility, and reduced our outstanding 10.500% first lien notes due 2029 by almost $1 billion through refinancings and repurchases, lowering our future annual interest expense by over $30 million. We currently expect to use our incremental political cash to reduce our outstand ...