secwatch.observer — SEC 8-K summary
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Issuer:     GRAY MEDIA, INC (GTN)
CIK:        0000043196
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001437749-23-030799
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gray Q3 rev $803M (-12% YoY); net loss $53M; raises political ad guidance to $80M
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- Core advertising rev $363M (+1% YoY); political rev $26M vs $144M in 2022 on-year.
- Net loss attributable to common $53M ($0.57 EPS); Broadcast Cash Flow $229M (-36%).
- Recorded $43M impairment from Diamond Sports ACC contract bankruptcy.
- Guides Q4 total rev $854-864M; core ad $410-414M; raises FY23 political ad guidance 33% to $80M+.
- Retransmission rev $378M (+3% YoY); leverage ratio 5.50x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43196/000143774923030799/0001437749-23-030799-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43196/000143774923030799/gtn20231104_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-030799

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