{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-034063","form_type":"8-K","ticker":"GTN","cik":"0000043196","company_name":"GRAY MEDIA, INC","filed_at":"2024-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.754060+00:00","generated_at":"2026-05-30T03:05:40.693494+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Gray TV Q3 revenue $950M (+18% YoY); political ad surges 565%; targets $500M debt reduction","bullets":["Q3 revenue $950M (+18% YoY); net income $83M vs -$53M loss; Adjusted EBITDA $338M (+61%).","Political ad revenue $173M (+565%); full-year projected $495–500M; core ad revenue flat at $365M (+1%).","Debt principal cut $241M YTD; board authorizes $250M repurchases; target $500M net debt reduction for FY2024.","Cost containment: annualized operating expense reduction at least $60M; full-year broadcast expense guide cut to $2.324–2.334B.","Q4 core ad revenue expected down ~11% YoY due to political displacement and hurricane impact in SE markets."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-034063","json":"https://secwatch.observer/filing/0001437749-24-034063.json","markdown":"https://secwatch.observer/filing/0001437749-24-034063.md","text":"https://secwatch.observer/filing/0001437749-24-034063.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/43196/000143774924034063/0001437749-24-034063-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/43196/000143774924034063/gtn20241106_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T03:05:40.693494+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}