{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-022301","form_type":"8-K","ticker":"GTN","cik":"0000043196","company_name":"GRAY MEDIA, INC","filed_at":"2025-07-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.100947+00:00","generated_at":"2026-05-18T09:13:01.459500+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Gray Media updates Q2 guidance down, announces $750M notes offering and impairment","bullets":["Q2 2025 preliminary guidance: revenue $769-$775M (vs $826M in Q2 2024); political revenue drops to $8-$9M from $47M.","Repurchased $7.7M of 5.875% notes due 2026; made $15M amortization payments on Term Loans D and F.","Expects $29M non-cash impairment on WANF intangible assets due to CBS affiliation loss on Aug 16, 2025.","Offers $750M senior secured second lien notes due 2032 to redeem all 7.000% 2027 notes and repay Term Loan F."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-022301","json":"https://secwatch.observer/filing/0001437749-25-022301.json","markdown":"https://secwatch.observer/filing/0001437749-25-022301.md","text":"https://secwatch.observer/filing/0001437749-25-022301.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/43196/000143774925022301/0001437749-25-022301-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/43196/000143774925022301/gtn20250630_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:13:01.459500+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"}