secwatch.observer — SEC 8-K summary
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Issuer:     GRAY MEDIA, INC (GTN)
CIK:        0000043196
Form:       8-K
Filed at:   2022-11-04T23:59:59+00:00
Accession:  0001437749-22-025932
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gray Television Q3 revenue $909M (+51%), EPS $1.03; political ad $144M below guidance
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- Net income attributable to common stockholders $95M ($1.03 diluted EPS) vs. loss of $30M in Q3 2021.
- Political advertising revenue $144M (+1500% YoY) fell short of August guidance; full-year forecast $495-505M.
- Core advertising $359M (+23% As-Reported, -3% Combined Historical Basis due to political displacement).
- Returned $124M to shareholders: $100M debt prepayment and $20M dividends; additional $100M prepayment Nov 1.
- Q4 guidance: total revenue $1.017-1.049B, core ad $385-400M, political $235-245M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43196/000143774922025932/0001437749-22-025932-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43196/000143774922025932/gtn20221102_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-025932

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer