{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-012677","form_type":"8-K","ticker":"GTN","cik":"0000043196","company_name":"GRAY MEDIA, INC","filed_at":"2023-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.855028+00:00","generated_at":"2026-06-15T18:22:49.014494+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Gray Television Q1 net loss $44M on $801M revenue; charges hit broadcast cash flow","bullets":["Net loss $44M ($0.48 diluted EPS) vs net income $49M ($0.52) in Q1 2022; revenue down 3% to $801M.","Broadcast Cash Flow fell 31% to $186M; core ad revenue down 2% to $357M (excluding Super Bowl/Olympics flat).","Recorded $35M in unanticipated charges: $18M litigation Atlanta Assembly, $17M credit loss from Diamond Sports bankruptcy.","Repaid $295M Term Loan B using $300M securitization facility; leverage ratio 5.26x with $56M cash.","Q2 2023 guidance: total revenue $784-802M; core ad $362-374M, retransmission $390-393M."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-012677","json":"https://secwatch.observer/filing/0001437749-23-012677.json","markdown":"https://secwatch.observer/filing/0001437749-23-012677.md","text":"https://secwatch.observer/filing/0001437749-23-012677.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/43196/000143774923012677/0001437749-23-012677-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/43196/000143774923012677/gtn20230502_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T18:22:49.014494+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":"13bc43a9205ab36696d5e78cf7e5f739923cda85","claim":"GRAY MEDIA, INC reported the three-months ended March 31, 2023 results: revenue $801 million, net income $44 million, EPS $0.48 per fully diluted share.","evidence_excerpt":"Inc. ( “ Gray, ” “ we, ” “ us ” or “ our ” ) (NYSE: GTN) today announced financial results for the first quarter ended March 31, 2023, reflecting our total revenue of $801 million, that was above our revenue guidance and total operating expenses (before depreciation, amortization and loss on disposal of assets) of $640 million, which, after excluding $35","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/43196/000143774923012677/0001437749-23-012677-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three-months ended March 31, 2023"},{"label":"Revenue","value":"$801 million"},{"label":"Net income","value":"$44 million"},{"label":"EPS","value":"$0.48 per fully diluted share"},{"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"}