{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-014920","form_type":"8-K","ticker":"GTN","cik":"0000043196","company_name":"GRAY MEDIA, INC","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.618338+00:00","generated_at":"2026-06-02T21:09:52.707123+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Gray Q1 net income $75M ($0.79 EPS), core ad +4% YoY; announces $250M debt buyback","bullets":["Total revenue $823M (+3% YoY); core advertising $372M (+4% YoY) helped by Super Bowl on 54 CBS stations.","Net income attributable to common $75M ($0.79 diluted EPS) vs loss of $44M ($0.48 loss) in Q1 2023.","Adjusted EBITDA $197M (+21% YoY); leverage ratio 5.63x as of March 31, 2024.","Board authorizes up to $250M to repurchase outstanding debt through Dec 31, 2025.","Q2 guidance: political revenue +55-72% vs Q2 2020; full-year interest expense est. $440M."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-014920","json":"https://secwatch.observer/filing/0001437749-24-014920.json","markdown":"https://secwatch.observer/filing/0001437749-24-014920.md","text":"https://secwatch.observer/filing/0001437749-24-014920.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/43196/000143774924014920/0001437749-24-014920-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/43196/000143774924014920/gtn20240503_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T21:09:52.707123+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":"3b109b5f4ab959a2c6629f599c8cbfcaba708096","claim":"GRAY MEDIA, INC updated its the year ending December 31, 2024 guidance (initiated).","evidence_excerpt":"Year Ending Quarter Ending December 31, 2024 June 30, 2024 Approximate Estimates March 31, 2024 (Guidance) As of May 7, 2024 (Actual) Low High (Guidance) (in millions) Revenue (less agency commissions): Core advertising $ 372 $ 379 $ 385 $ 1,600 Political 27 45 50 Retransmission consent 381 370 375 1,500 Production companies 24 18 19 105 Other 19 16 17 70 Total revenue $ 823 $ 828 $ 846","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/43196/000143774924014920/0001437749-24-014920-index.htm","confidence":0.7,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ending December 31, 2024"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"b60df7dfa91f129fb572c3aa804a52929eca9ada","claim":"GRAY MEDIA, INC reported the first quarter ended March 31, 2024 results: revenue $823 million, net income $75 million, EPS $0.79 per fully diluted share.","evidence_excerpt":"Gray Television, Inc. ( “ Gray, ” “ we, ” “ us ” or “ our ” ) (NYSE: GTN) today announced financial results for the first quarter ended March 31, 2024, reflecting our total revenue of $823 million and total operating expenses (before depreciation, amortization and loss on disposal of assets) of $632 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/43196/000143774924014920/0001437749-24-014920-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$823 million"},{"label":"Net income","value":"$75 million"},{"label":"EPS","value":"$0.79 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"}