---
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"
generated_at: "2026-05-30T03:05:40.693494+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Gray TV Q3 revenue $950M (+18% YoY); political ad surges 565%; targets $500M debt reduction

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-034063
- JSON: https://secwatch.observer/filing/0001437749-24-034063.json
- Plain text: https://secwatch.observer/filing/0001437749-24-034063.txt

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