{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-033706","form_type":"8-K","ticker":"GTN","cik":"0000043196","company_name":"GRAY MEDIA, INC","filed_at":"2025-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.791237+00:00","generated_at":"2026-05-16T23:13:34.876220+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Gray Media Q3 revenue $749M beats guidance; net loss $23M; announces station acquisitions","bullets":["Total revenue $749M (high end of guidance); core advertising $355M (high end).","Net loss attributable to common stockholders $23M vs $83M net income in Q3 2024 due to political ad cycle.","Adjusted EBITDA $162M; broadcast expenses $542M significantly below guidance.","Agreed to acquire stations from Scripps (swap), SGH ($2M), BCI ($80M), AMG ($171M); adds 6 markets, 11 duopolies.","Issued $900M 9.625% second lien notes due 2032 and $775M 7.25% first lien notes due 2033; refinanced debt."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-033706","json":"https://secwatch.observer/filing/0001437749-25-033706.json","markdown":"https://secwatch.observer/filing/0001437749-25-033706.md","text":"https://secwatch.observer/filing/0001437749-25-033706.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/43196/000143774925033706/0001437749-25-033706-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/43196/000143774925033706/gtn20251105_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T23:13:34.876220+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"}