{"filing":{"accession_number":"0001437749-26-022218","cik":"0000043196","ticker":"GTN-A","company_name":"GRAY MEDIA, INC","form":"8-K","filing_date":"2026-07-01","report_date":null,"primary_document":"gtn20260629_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/43196/000143774926022218/gtn20260629_8k.htm"},"events":[{"id":15373,"run_id":13717,"accession_number":"0001437749-26-022218","anchor_item_number":"2.03","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.94,"summary":"Gray Media issued $70 million aggregate principal amount of 7.250% Senior Secured First Lien Notes due 2033 in a private placement on June 30, 2026, ranking equally with existing $775 million of notes in the same series. The notes were issued to accredited investors and represent a material increase in the company's outstanding debt obligations.","company_name":"GRAY MEDIA, INC","ticker":"GTN-A","filing_date":"2026-07-01","form":"8-K","submitted_at":null,"items":[{"id":13108,"accession_number":"0001437749-26-022218","item_number":"1.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"Gray Media entered into a purchase agreement on June 29, 2026, and issued $70 million aggregate principal amount of 7.250% Senior Secured First Lien Notes due 2033 on June 30, 2026. This is a direct creation of new financial obligation through debt issuance in a private placement. While the proceeds were used partly for an acquisition (American Spirit Media) and preferred stock repurchase, the primary disclosed event under Item 1.01 is the entry into the material definitive agreement for the debt issuance itself.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-01T13:26:49.079463+00:00","company_name":"","ticker":null,"filing_date":""},{"id":13109,"accession_number":"0001437749-26-022218","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Item 2.03 discloses the creation of a direct financial obligation through the completion of a private placement of $70 million of 7.250% Senior Secured First Lien Notes due 2033. The notes rank equally with existing $775 million of notes in the same series and were issued to accredited investors on June 30, 2026. This is a material debt issuance that increases the company's outstanding debt obligations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-01T13:26:49.079463+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":15374,"run_id":13717,"accession_number":"0001437749-26-022218","anchor_item_number":"8.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.94,"summary":"Gray Media acquired six television stations from American Spirit Media for $50 million, with the first closing completed on July 1, 2026 ($40 million paid) and the second closing anticipated in Q4 2026. The acquisition is funded by the concurrent debt issuance and is expected to be cash flow accretive as part of Gray's strategy to pursue prudent tuck-in acquisitions.","company_name":"GRAY MEDIA, INC","ticker":"GTN-A","filing_date":"2026-07-01","form":"8-K","submitted_at":null,"items":[{"id":13110,"accession_number":"0001437749-26-022218","item_number":"7.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.92,"reasoning":"Gray Media announced the acquisition of American Spirit Media's six television stations for $50 million, with the first closing completed on July 1, 2026 ($40 million paid) and the second closing anticipated in Q4 2026. This is a material acquisition transaction that expands Gray's television station portfolio and is explicitly described as part of Gray's strategy to pursue \"prudent tuck-in acquisitions.\" The transaction is funded by the concurrent debt issuance and is expected to be cash flow accretive and not increase leverage.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-01T13:26:49.079463+00:00","company_name":"","ticker":null,"filing_date":""},{"id":13111,"accession_number":"0001437749-26-022218","item_number":"8.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"The Item 8.01 disclosure centers on Gray's acquisition of six television stations from American Spirit Media for $50 million, with the first closing completed on July 1, 2026 for $40 million. This is a material acquisition transaction that would affect a reasonable investor's assessment of the company's growth, capital deployment, and financial position. The supplemental exhibits confirm this is a definitive agreement and completed transaction, making it a clear ma_activity event.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-01T13:26:49.079463+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":13108,"accession_number":"0001437749-26-022218","item_number":"1.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"Gray Media entered into a purchase agreement on June 29, 2026, and issued $70 million aggregate principal amount of 7.250% Senior Secured First Lien Notes due 2033 on June 30, 2026. This is a direct creation of new financial obligation through debt issuance in a private placement. While the proceeds were used partly for an acquisition (American Spirit Media) and preferred stock repurchase, the primary disclosed event under Item 1.01 is the entry into the material definitive agreement for the debt issuance itself.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-01T13:26:49.079463+00:00","company_name":"GRAY MEDIA, INC","ticker":"GTN-A","filing_date":"2026-07-01"},{"id":13109,"accession_number":"0001437749-26-022218","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Item 2.03 discloses the creation of a direct financial obligation through the completion of a private placement of $70 million of 7.250% Senior Secured First Lien Notes due 2033. The notes rank equally with existing $775 million of notes in the same series and were issued to accredited investors on June 30, 2026. This is a material debt issuance that increases the company's outstanding debt obligations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-01T13:26:49.079463+00:00","company_name":"GRAY MEDIA, INC","ticker":"GTN-A","filing_date":"2026-07-01"},{"id":13110,"accession_number":"0001437749-26-022218","item_number":"7.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.92,"reasoning":"Gray Media announced the acquisition of American Spirit Media's six television stations for $50 million, with the first closing completed on July 1, 2026 ($40 million paid) and the second closing anticipated in Q4 2026. This is a material acquisition transaction that expands Gray's television station portfolio and is explicitly described as part of Gray's strategy to pursue \"prudent tuck-in acquisitions.\" The transaction is funded by the concurrent debt issuance and is expected to be cash flow accretive and not increase leverage.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-01T13:26:49.079463+00:00","company_name":"GRAY MEDIA, INC","ticker":"GTN-A","filing_date":"2026-07-01"},{"id":13111,"accession_number":"0001437749-26-022218","item_number":"8.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"The Item 8.01 disclosure centers on Gray's acquisition of six television stations from American Spirit Media for $50 million, with the first closing completed on July 1, 2026 for $40 million. This is a material acquisition transaction that would affect a reasonable investor's assessment of the company's growth, capital deployment, and financial position. The supplemental exhibits confirm this is a definitive agreement and completed transaction, making it a clear ma_activity event.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-01T13:26:49.079463+00:00","company_name":"GRAY MEDIA, INC","ticker":"GTN-A","filing_date":"2026-07-01"}]}