{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-031279","form_type":"8-K","ticker":"GTN","cik":"0000043196","company_name":"GRAY MEDIA, INC","filed_at":"2026-09-28T10:30:19+00:00","discovered_at":"2026-09-28T10:35:06.762776+00:00","generated_at":"2026-10-12T13:29:13.826111+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Gray Media raises Q3 2026 political ad guidance to $188-195M, lifts total revenue floor to $950M","bullets":["Q3 2026 political advertising guidance raised to $188-195M from the $165-185M given Aug 7; includes about $9M from recent acquisitions.","Total revenue guidance raised at the low end to $950-965M from $935-965M; core advertising now -1% to flat as reported vs. prior flat.","Corporate and administrative expense outlook cut to $30-35M from $35-40M; Q3 2025 actuals: revenue $749M, political $8M, core ads $355M.","Gray expects no outstanding borrowings under its Revolving Credit Facility as of Sept 30, 2026; AR securitization capacity ~$379M, down on prepaid political ads.","Update issued alongside lender meetings to potentially refinance its credit facility; Q3 2026 results scheduled for Friday, Nov 6, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-031279","json":"https://secwatch.observer/filing/0001437749-26-031279.json","markdown":"https://secwatch.observer/filing/0001437749-26-031279.md","text":"https://secwatch.observer/filing/0001437749-26-031279.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/43196/000143774926031279/0001437749-26-031279-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/43196/000143774926031279/gtn20260925_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T13:29:13.826111+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"}