---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-026422"
form_type: "8-K"
ticker: "GTN"
cik: "0000043196"
company_name: "GRAY MEDIA, INC"
filed_at: "2026-08-07T10:31:53+00:00"
generated_at: "2026-08-07T10:35:08.753657+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Gray Media Q2 revenue up 9% to $839M; political ad revenue jumps to $83M

## Summary
- Q2 total revenue $839M (+9% YoY); net income $14M vs $56M loss; adjusted EBITDA $214M (+27%).
- Political advertising revenue $83M vs $9M in Q2 2025; core advertising down 1% to $357M.
- Net retransmission revenue $150M (+10% YoY); retransmission consent revenue $359M (-3%).
- Board authorized up to $250M debt repurchases through Dec 31, 2027; July repurchases totaled $120M.
- Q3 guidance: total revenue $935-965M, political $165-185M; FY2026 capex $120-130M.

## SEC filing metadata
- accession: 0001437749-26-026422
- form_type: 8-K
- ticker: GTN
- cik: 0000043196
- company_name: GRAY MEDIA, INC
- filed_at: 2026-08-07T10:31:53+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/43196/000143774926026422/0001437749-26-026422-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/43196/000143774926026422/gtn20260804_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-026422
- JSON: https://secwatch.observer/filing/0001437749-26-026422.json
- Plain text: https://secwatch.observer/filing/0001437749-26-026422.txt

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