Gray TV Revamps Logo, Web Site

Also announces it is borrowing additional $75 million to pay down debt

Gray Television has redesigned its logo and its Web site.

The new logo is described as a "Gray lens"--actually it is in color--"through which millions of people across the country see the world."

The colors in the logo were drawn from its various station logos and combine to form both a lens and the "G" in Gray.

Gray also announced Tuesday it is upping its previously announced debt offering by $75 million to repay an outstanding loan.

Gray Redesigns Logo and Web Site