Gray Media sees $60M-$70M in Q2 political ad revenue

Gray Media is signaling two concrete inputs for 2026 planning: a political ad windfall in Q2 and a fixed $140 million capital spending plan. For streaming and local-video operators, that matters because it shows where a broadcaster is expecting near-term ad strength while keeping investment plans unchanged. The key watch item is whether Gray Media repeats the $60 million to $70 million political revenue range in later updates or revises the $140 million capex figure when it reports again.