{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-004472","form_type":"8-K","ticker":"GTN","cik":"0000043196","company_name":"GRAY MEDIA, INC","filed_at":"2023-02-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.663577+00:00","generated_at":"2026-06-19T01:01:51.189581+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Gray Television reports record Q4 revenue $1.07B, net income $173M; enters $300M securitization facility","bullets":["Q4 total revenue $1.072B (+49% YoY); net income attributable to common $173M ($1.88 diluted EPS), up 981% YoY.","Full-year 2022 total revenue $3.676B (+52% YoY); net income $403M (+961% YoY); political ad revenue $515M.","New $300M accounts receivable securitization facility (Feb 23) to repay $295M Term Loan B on March 1, 2023.","Entered interest rate caps on ~$2.6B notional through 2024, capping LIBOR at 5% plus margin; $32M fee due Dec 2025.","Q1 2023 guidance: total revenue $777M-$796M, core revenue $350M-$360M, retransmission $387M-$393M."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-004472","json":"https://secwatch.observer/filing/0001437749-23-004472.json","markdown":"https://secwatch.observer/filing/0001437749-23-004472.md","text":"https://secwatch.observer/filing/0001437749-23-004472.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/43196/000143774923004472/0001437749-23-004472-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/43196/000143774923004472/gtn20230222_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T01:01:51.189581+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"43670b20ea8ef85d291ecdcbbf53d4a20488c983","claim":"GRAY MEDIA, INC reported Fourth quarter ended December 31, 2022 results: revenue $1.1 billion, net income $173 million, EPS $1.88.","evidence_excerpt":"For the fourth quarter of 2022: ● Total revenue was $1.1 billion, an increase of 49% from the fourth quarter of 2021, primarily due to the cyclical increase in political advertising revenue. ● Core Advertising Revenue was $406 million, an increase of 13% from the fourth quarter of 2021. ● Net income attributable to common stockholders was $173 million, or $1.88 per fully diluted share, an increase of 981% from the fourth quarter of 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/43196/000143774923004472/0001437749-23-004472-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$1.1 billion"},{"label":"Net income","value":"$173 million"},{"label":"EPS","value":"$1.88"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b7ae333d11b5f5288c08150266134cec408f4fd1","claim":"GRAY MEDIA, INC reported Year ended December 31, 2022 results: revenue $3.7 billion, net income $403 million.","evidence_excerpt":"For the full year of 2022: ● Total revenue was $3.7 billion, an increase of 52% from 2021, marking our highest ever annual revenue. ● Core Advertising Revenue was $1.5 billion, an increase of 26% from 2021. ● Net income attributable to common stockholders was $403 million, an increase of 961% from 2021. ● Broadcast Cash Flow was $1.4 billion, an increase of 77% from 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/43196/000143774923004472/0001437749-23-004472-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Year ended December 31, 2022"},{"label":"Revenue","value":"$3.7 billion"},{"label":"Net income","value":"$403 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}