secwatch.observer — SEC 8-K summary
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Issuer:     GRAY MEDIA, INC (GTN)
CIK:        0000043196
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001437749-24-025266
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gray TV Q2 net income $22M; cuts 2024 core ad rev guidance to $1.525B, retrans to $1.475B
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- Total Q2 revenue $826M (+2% YoY); net income $22M vs $4M in Q2 2023.
- Core advertising rev $373M (-2% YoY); full-year guidance lowered to $1.525B from $1.6B.
- Retransmission consent rev $371M (-6% YoY); full-year guidance cut to $1.475B.
- Political advertising rev $47M (+292% YoY); Q3 expected $180-200M.
- Debt refinancing extended maturities to 2027; weighted avg cost of debt rose to 7.7%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43196/000143774924025266/0001437749-24-025266-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43196/000143774924025266/gtn20240806_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-025266

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