{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-015250","form_type":"8-K","ticker":"GTN","cik":"0000043196","company_name":"GRAY MEDIA, INC","filed_at":"2025-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.978515+00:00","generated_at":"2026-05-22T05:56:28.222656+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Gray Media Q1 revenue $782M, down 5% YoY; net loss $22M vs net income $75M","bullets":["Net loss attributable to common stockholders $22M ($0.23 loss per share) vs net income $75M ($0.80) in Q1 2024.","Adjusted EBITDA $160M (down 19% YoY); total revenue $782M (down 5%), above high end of guidance.","Retransmission consent revenue $379M (flat YoY); core advertising $344M (down 8% due to Super Bowl and Leap Day).","Political advertising $13M (down 52% YoY, but 225% above guidance high end, driven by Wisconsin).","Q2 2025 guidance: core ad down mid-single digits, political $2-3M vs $47M; cost savings exceeding $60M annualized."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-015250","json":"https://secwatch.observer/filing/0001437749-25-015250.json","markdown":"https://secwatch.observer/filing/0001437749-25-015250.md","text":"https://secwatch.observer/filing/0001437749-25-015250.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/43196/000143774925015250/0001437749-25-015250-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/43196/000143774925015250/gtn20250506_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T05:56:28.222656+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"}