Exhibit 99.1 NEWS RELEASE Gray’s Operating Results for the First Quarter Driven by Continued Strong Demand and Execution; Gray Announces New $250 Million Debt Repurchase Authorization Atlanta, Georgia – May 7, 2024. . . Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) today announced financial results for the first quarter ended March 31, 2024, reflecting our total revenue of$823 million and total operating expenses (before depreciation, amortization and loss on disposal of assets) of $632 m ...