---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-005289"
form_type: "8-K"
ticker: "GTN"
cik: "0000043196"
company_name: "GRAY MEDIA, INC"
filed_at: "2024-02-23T23:59:59+00:00"
generated_at: "2026-06-05T17:45:58.779575+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gray TV Q4 revenue $864M, net loss $22M; Q1 guidance strong; CFO succession plan

## Summary
- Q4 total revenue $864M, down 19% YoY due to political comp, but up 20% vs 2021; core ad +2% YoY; net loss $22M ($0.24/share).
- Q1 2024 guidance: total revenue $810-830M, core ad $365-375M (low-mid single digit growth), retrans $375-380M, political $30-33M.
- CFO Jim Ryan to retire after 2025; Jeff Gignac hired as EVP Finance Apr 1, 2024, to become CFO Jul 1, 2024.
- BMI sale closed Feb 8, 2024, net $110M pre-tax; $50M used to pay down revolver; credit facility upsized to $625M.
- NBCUniversal began lease at Assembly Studios; $52M capex expected in 2024 for studio complex; $31M in incentive payments.

## SEC filing metadata
- accession: 0001437749-24-005289
- form_type: 8-K
- ticker: GTN
- cik: 0000043196
- company_name: GRAY MEDIA, INC
- filed_at: 2024-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/43196/000143774924005289/0001437749-24-005289-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/43196/000143774924005289/gtn20240220c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-005289
- JSON: https://secwatch.observer/filing/0001437749-24-005289.json
- Plain text: https://secwatch.observer/filing/0001437749-24-005289.txt

## Key facts
- Earnings Releases
  GRAY MEDIA, INC reported the fourth quarter ended December 31, 2023 results: revenue $864 million, net income $22 million, EPS $0.24 per share.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $864 million
  - Net income: $22 million
  - EPS: $0.24 per share
  - Result: reported results
  source text: Inc. ( “ Gray, ” “ we, ” “ us ” or “ our ” ) (NYSE: GTN) today announced strong financial results for the fourth quarter ended December 31, 2023, including total revenue of $864 million, which was in-line with the high end of our revenue guidance and total operating expenses (before depreciation, amortization, impairment and loss on disposal of assets) of $664
  evidence_url: https://www.sec.gov/Archives/edgar/data/43196/000143774924005289/0001437749-24-005289-index.htm

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