---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-022031"
form_type: "8-K"
ticker: "GTN"
cik: "0000043196"
company_name: "GRAY MEDIA, INC"
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T06:36:32.713346+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Gray Television Q2 net loss $9M; core ad revenue +4% YoY; Q3 guidance issued

## Summary
- Total revenue $813M, down 6% YoY; net loss attributable to common stockholders $9M ($0.10/sh) vs profit $86M in Q2 2022.
- Core advertising revenue $379M, +4% YoY; retransmission revenue $394M, +3% YoY; broadcast cash flow $251M, -23% YoY.
- Q3 2023 guidance: total revenue $780M-$801M; core ad $360-368M; retrans $370-380M; political $15-16M.
- Q3 expects pre-tax non-cash impairment charge of $33M-$43M in production segment due to Diamond Sports/ACC contract rejection and new CW deal.
- CBS network affiliation renewed for 54 markets in June 2023.

## SEC filing metadata
- accession: 0001437749-23-022031
- form_type: 8-K
- ticker: GTN
- cik: 0000043196
- company_name: GRAY MEDIA, INC
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/43196/000143774923022031/0001437749-23-022031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/43196/000143774923022031/gtn20230801_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-022031
- JSON: https://secwatch.observer/filing/0001437749-23-022031.json
- Plain text: https://secwatch.observer/filing/0001437749-23-022031.txt

## Key facts
- Earnings Releases
  GRAY MEDIA, INC updated its the three and six-month periods ended June 30, 2023 guidance (reaffirmed).
  - Period: the three and six-month periods ended June 30, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: On August 4, 2023, Gray Television, Inc. issued a press release reporting its financial results for the three and six-month periods ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/43196/000143774923022031/0001437749-23-022031-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.