Welcome to our dedicated page for Gray Television SEC filings (Ticker: GTN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Gray Media, Inc. (NYSE: GTN) is a Georgia-incorporated multimedia company that files reports with the U.S. Securities and Exchange Commission under Commission File Number 001-13796. This SEC filings page provides access to the company’s regulatory disclosures, including current reports on Form 8-K that describe material events, financing transactions, dividends, and earnings announcements related to Gray’s operations as a large owner of local television stations and digital assets.
Gray’s recent Form 8-K filings detail note offerings and debt structure, such as the issuance of 7.250% Senior Secured First Lien Notes due 2033 and 9.625% Senior Secured Second Lien Notes due 2032, along with supplemental indentures. These filings explain how proceeds are used to repay term loans, redeem existing notes, pay fees and expenses, and support general corporate purposes. They also summarize key indenture terms, including covenants that limit additional indebtedness, certain payments, affiliate transactions, asset sales, liens, and changes of control, as well as events of default and redemption provisions.
Other 8-K reports cover dividend declarations, where Gray’s Board of Directors authorizes quarterly cash dividends on its common and Class A common stock, and earnings releases that furnish financial results for specified periods. Regulation FD disclosures reference investor presentation materials used in meetings with prospective investors, giving additional context on the company’s strategy and capital structure.
On Stock Titan, Gray Media’s filings are updated as they are posted to the SEC’s EDGAR system. AI-powered tools summarize lengthy documents such as 8-Ks, and, when available, 10-Q and 10-K reports, highlighting key terms of note offerings, covenant structures, redemption notices, and dividend or earnings announcements. Users can also review filings that relate to the redemption of specific note series, conditional redemption notices, and other material events affecting GTN. This page helps investors and researchers quickly understand the implications of Gray Media’s SEC disclosures without reading every line of the underlying documents.
Charles Schwab Investment Management Inc filed a Schedule 13G reporting a passive ownership stake in Gray Media, Inc.
As of December 31, 2025, it beneficially owned 5,188,712 shares of Gray Media common stock, representing 5.6% of the class, with sole voting and dispositive power over all reported shares. The filing certifies the shares were acquired and are held in the ordinary course of business, not to change or influence control of the company.
Gray Media, Inc. plans to redeem all of its 5.875% senior notes due 2026 on January 20, 2026. These 2026 notes will be redeemed at 100% of their principal amount, plus any accrued and unpaid interest up to the redemption date.
The company has issued a formal notice of redemption to holders of the 2026 notes. It also states that this disclosure does not constitute an offer to purchase, a notice of redemption, or a solicitation of an offer to purchase any of the 2026 notes.
Gray Media, Inc. has issued $250,000,000 of 9.625% Senior Secured Second Lien Notes due 2032 to accredited investors under a supplemental indenture to its existing 2032 notes. The notes were sold at 102.000% of par plus accrued interest and form a single series, with identical terms, to the existing $900,000,000 9.625% Senior Secured Second Lien Notes issued in July 2025.
Gray plans to use the net proceeds to redeem a portion of its outstanding 10.500% Senior Secured First Lien Notes due 2029, pay related fees and expenses, and for general corporate purposes. The notes are senior secured second lien obligations, bear interest from July 18, 2025, payable semiannually on January 15 and July 15, and mature on July 15, 2032, with various optional redemption features and customary covenants and events of default.
Gray Media, Inc. is raising new debt and refinancing existing notes. The company agreed to privately place $250 million of 9.625% Senior Secured Second Lien Notes due 2032, issued at 102.000% of par, as additional notes under its existing 9.625% second lien series first issued in July 2025. These Additional Notes rank equally with the currently outstanding 9.625% Senior Secured Second Lien Notes and have substantially identical terms.
Gray plans to use the net proceeds to redeem part of its higher-coupon 10.500% Senior Secured First Lien Notes due 2029, pay transaction fees and expenses, and for general corporate purposes. The company has issued a conditional notice to redeem $125 million of the 2029 Notes on December 19, 2025 at 103.000% of principal plus accrued and unpaid interest, with the redemption conditional on receiving proceeds from the new Additional Notes.
Gray Media, Inc. reported an insider equity transaction by its President and Co-CEO, who is also a director. On 12/01/2025, the insider forfeited 17,010 shares of common stock in a transaction coded "F," which reflects shares withheld to cover taxes in connection with restricted stock vesting. After this adjustment, the insider directly owned 1,216,053 shares of common stock and indirectly held 2,001 shares through a 401(k) plan. The filing is a routine disclosure of changes in beneficial ownership rather than a new issuance of shares by the company.
Gray Media, Inc. insider Jeffrey W. Gray, Chairman, President and CEO, reported a stock transaction dated 12/01/2025. The filing shows a forfeiture of 28,578 shares of Class A Common Stock at $9 per share, labeled with transaction code "F," which the notes describe as a forfeiture of restricted stock for the purpose of net settlement. After this transaction, he reports beneficial ownership of 3,697,452 shares of Class A Common Stock held directly, and additional indirect holdings through his spouse, children, trusts for the benefit of his children, a 401(k) plan, and his spouse’s account.
Gray Media, Inc. director reports restricted stock forfeiture in a Form 4 insider transaction. On 12/01/2025, the reporting person disposed of 28,578 shares of Class A common stock in a transaction coded "F," which the notes explain represents forfeiture of restricted stock for the purpose of net settlement, typically to cover tax withholding when restricted shares vest.
After this transaction, the director continues to beneficially own a substantial number of Gray Media shares through a mix of direct holdings, a spouse’s holdings, children’s accounts, trusts for the benefit of children, and a 401(k) plan balance.
Gray Media, Inc. executive reports restricted stock forfeiture
An executive vice president of Gray Media, Inc. reported a Form 4 transaction dated December 1, 2025. The filing shows the forfeiture of 24,249 shares of common stock at a price of $4.73 per share, described as a forfeiture of restricted stock for the purpose of net settlement. After this transaction, the officer beneficially owns 613,757 shares of common stock directly and 53,517 shares of Class A common stock directly.
Gray Media (GTN) reported Q3 2025 results. Revenue was $749 million versus $950 million a year ago, reflecting a sharp decline in political advertising ($8 million vs $173 million). Operating income was $102 million. The company recorded a net loss of $10 million (basic and diluted EPS -$0.24), compared with net income of $96 million in Q3 2024.
Year-to-date, revenue was $2.303 billion; operating income was $276 million. Cash from operating activities for the nine months was $177 million. Gray closed significant refinancing: issued $900 million senior secured second-lien notes due 2032 and $775 million senior secured first-lien notes due 2033, using proceeds to redeem 2027 notes, repay term loans, and repay revolver borrowings, resulting in a $7 million loss on early extinguishment of debt. Interest expense for the nine months was $355 million.
Gray also entered multiple station purchase/swap agreements with Scripps, SGH, BCI, and AMG, adding new markets and creating 11 anticipated duopolies, subject to required regulatory approvals. Shares outstanding were 92,500,245 common and 9,586,408 Class A as of October 31, 2025.
Gray Media, Inc. (NYSE: GTN, GTN.A) furnished an 8-K to share investor presentation materials. Beginning on November 7, 2025, the company intends to meet and present to prospective investors, with the slide deck provided as Exhibit 99.1. The materials are furnished under Item 7.01 and are not deemed filed under the Exchange Act or incorporated into Securities Act filings unless specifically referenced.