secwatch.observer — SEC 8-K summary
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Issuer:     GRAY MEDIA, INC (GTN)
CIK:        0000043196
Form:       8-K
Filed at:   2026-08-07T10:31:53+00:00
Accession:  0001437749-26-026422
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43196/000143774926026422/0001437749-26-026422-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43196/000143774926026422/gtn20260804_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-026422

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer