"The television station portfolios . The Company acquired WKYT-TV (Lexington, KY) and WYMT-TV (Hazard, KY), at which time their General Manager, Ralph W. Gabbard, joined Gray as Vice President and Chief Operating Officer. In their place, Gray Television acquired and, in some cases, built from scratch market-leading television stations focused on local communities. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Yes, Gray Television drug tests. For those not familiar with her, Van Susteren spent 14years as a prime-time FoxNews host replaced by Tucker Carlson in 2016.Then in 2017 she was on MSNBC but was dropped after six months. Putting all the segments together, we use management's forecast for retransmission fees as outlined in the May investor presentation. In reality, this management team has done a great job of completing accretive M&A over the years (already moving from 6% to 8% of US households covered). To comply with federal regulators, Gray would divest Quincy stations in Tucson; Harrisburg, Illinois; Waterloo/Cedar Rapids, Iowa; and Madison, La Crosse, and Wausau in Wisconsin over to Allen Media Group. Thank you for signing up to Broadcasting & Cable. The acquisition of Raycom completes Grays transformation from a small, regional broadcaster to a leading media company with nationwide scale based on high-quality stations with exceptional talent in attractive markets. More alarming,national media outlets are publishing these samefake storieswithout checking facts first. We are the hometown of the Father of Country Music, Jimmie Rodgers, award winning actress Sela Ward, and the home of the new Mississippi Arts and Entertainment Experience. The Radio Television Digital News Association (RTDNA) awards a combined 49 Regional Edward R. Murrow awards for excellence in journalism to 21 of Grays local stations. However, some stations were forced to go off the air and their programming was moved to a multicast stream on adjacent channels, due to some stations being unable to receive regulatory approval, after the FCC's ruling on joint sales agreements. No concrete was hauled off site or shipped to landfills. Gary has taught media-focused courses on the adjunct faculties at George Mason University and American University and has guest-lectured at MIT, Harvard, UCLA, University of Southern California and Northwestern University and at countless media, marketing and technology industry events. This fall, just in time for the 2020 presidential race, Gray-owned stations will begin airing Full Court Press, a Sunday public-affairs program featuring FoxNews veteran Greta Van Susteren. [3][4], The company was then taken public on NASDAQ's small-cap market in the 2nd quarter 1992. Hilton H. Howell, Jr. named Chief Executive Officer. [38][39], In April 2017, Gray Television filed a lawsuit against Nick Prueher and Joe Pickett, founders of the Found Footage Festival, for fraud and copyright infringement, after having booked an appearance on the morning show of a Gray station as a fake strongman act, "Chop and Steele", and utilizing the footage during their show. We support local community interests by providing quality television broadcasting and exceptional service in each market we serve. Total 2016 revenue could be as much as $654 million. Dress codes may also take the form of casual or professional, depending on the department at Gray Television. AP Photo/Charles Dharapak, File. The AllSides Media Bias Chart helps you to easily identify different perspectives and political leanings in the news so you can get the full picture and think for yourself. [13] On November 4, 2013, Gray Television announced that it would purchase Yellowstone Holdings for $23million, adding local stations: KGNS-TV, KGWN, KCWY, and KCHY-LP. The large Atlanta Georgia-based communication corporation may not share Sinclairs solid right wing reputation but they certainly have their sights set on New Hampshires First-in-theNation presidential primarys advertising profits. (Gene) Elder joined the Board of Directors. Even so, the original tweet, which had accumulated thousands of retweets, remained up and continued to be shared. [33] In February 2019, Gray announced that award-winning journalist Greta Van Susteren has joined the company as its Chief National Political Analyst. Gray and Meredith amend purchase agreement to increase purchase price to $2.825 billion and make certain other changes favorable to Gray. The Company terminated existing joint sales and services agreements with these stations and sold their licensed assets to Chang Media, Legacy Broadcasting, and MMB LLC. Gray, The Grand Ole Opry and Circle Network partner for live Opry broadcasts to raise money for Feeding America. None of the information on this page has been provided or approved by Gray Television. During 2020, Gray's stations were ranked first in 70 markets, and ranked first and/or second in 86 markets, as calculated by Comscores audience measurement service. Sinclair is already the biggest owner of local television stations in the country with 173 it either owns or operates and Tribune will give it dozens more, furthering the companys ambitions. Those silent stations would then be sold off to minority interest, pending FCC approval. I have no business relationship with any company whose stock is mentioned in this article. (January 2nd, 2019). Mr. Robinson named Chairman and Chief Executive Officer, Hilton H. Howell, Jr. named Vice Chairman, Robert S. Prather named President and Chief Operating Officer, and James C. Ryan named Senior Vice President. Gray launches its first NextGen TV (ATSC 3.0) station in Tallahassee, Florida. Because of your generous donations, our #HealTheHeartland campaign has raised more than half-a-million dollars to date!" Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Gray Television, Inc. is a broadcast company headquartered in Atlanta, Georgia. 1897 The Company reached an agreement with Diversified Communications to acquire WABI (CBS/CW) in Bangor, Maine and WCJB (ABC/CW) in Gainesville, Florida. [35][36] On February 16, 2017, Gray announced that it would acquire WABI-TV in Bangor, Maine and WCJB-TV in Gainesville, Florida from Diversified Communications for $85million. [35][36] At that time, Gray had already acquired Sioux Falls rival station KSFY. During the first two quarters of 2020, on a combined historical basis, our television stations sold $79 million in political ads. Not much. In remarks that large shared research data from Kantar Medias Campaign Media Analysis Group(CMAG), which monitors political advertising,LaPlatney summarized the trends of the political arena. The Albany Herald converted to a morning publication to serve better the needs of southwest Georgia. The employee data is based on information from people who have self-reported their past or current employments at Gray Television. As impressive as that $79 million was for the first half of 2020 was, we expect to blow well past that figure for the first half of 2022, Latek said. If they are able to grow by 77% again this cycle you're looking at political revenue of $152 million. From this years experience, LaPlatney said he believes broadcast TV will continue to play a major role in campaign advertising even with the growing presence of digital platforms. The joint venture is based in Nashville under general manager Drew Riefenberger. Help us make this company more transparent. [54], In March 2021, Gray Television revealed plans to purchase a shuttered General Motors plant in Atlanta suburb Doraville, Georgia and transform the site into a media production community called Assembly. The Company announced the election of Beth Neuhoff to its Board of Directors. Gray Television competitors include Nexstar Media Group, KY3, KESQ, WTOP News, Media Production, WBOC TV16, KKTV 11 News, WLUK-TV FOX 11, WSOC-TV, WTHR-TV, WKTV, KOTA Territory News, KCBD, WBKO, Kndu-tv, WJTV, Landmark Community Newspapers, Inc., WEVV 44News, WDBJ7, KPTV Fox 12 Oregon. The Company purchased fourteen television stations from Benedek Broadcasting: WMTV-TV (Madison, WI), WOWT-TV (Omaha, NE), KKTV-TV (Colorado Springs, CO), KAKE-TV (Wichita, KS), WIBW-TV (Topeka, KS), WIFR-TV (Rockford, IL), WILX-TV (Lansing, MI), WTVY-TV (Dothan, AL), WBKO-TV (Bowling Green, KY), WTOK-TV (Meridian, MS), WSAW-TV (Wausau, WI), WTAP-TV (Parkersburg, WV), WVAW-TV (Charlottesville, VA) and WHSV-TV (Harrisonburg, VA). If you continue to use this site we will assume that you are happy with it. The Company announced that it anticipated receiving $90,824,000 in proceeds resulting from the Federal Communications Commissions reverse auction for broadcast spectrum. He writes regularly about trends and media/marketing for the Consumer Technology Association's i3 magazine plus several blogs. And this growth is likely to persist. Gray also owns video program production, marketing, and digital businesses including Raycom Sports, Tupelo Honey, and RTM Studios, the producer of PowerNation programs and content, and is the majority owner of Swirl Films. Fortune Magazine announced that Gray Television ranked 96th in its ranking of the Top 100 Fastest Growing Companies in the World for 2017. And not to be paranoid but its worth being watchful of our neighbor states media scene. Hall of Fame Resort & Entertainment Company and Grays Tupelo Honey announce the formation of a media partnership to produce the unscripted series INSPIRED: Heroes of Change.. NABs Leadership Foundation selects two Gray stations as national winners in their categories and three Gray stations as finalists in its coveted Service to America Awards competition. Gray Television (NYSE: GTN and GTN.A) is a leading digital media and broadcasting company, owning and operating top ranking local news stations, digital and mobile platforms in 57 markets across . This is a place for dedicated, ambitious team players who pursue meaningful news stories. The Company acquired daily newspaper the Gwinnett Post-Tribune (Lawrenceville, GA). Gray is the largest owner of top-rated local television stations and digital assets in the United States ("U.S."). In May 2017 the station became part of Gray Television, a large corporation based in Atlanta, GA, with 144 local TV stations covering 10.4% of U.S. households. [52], On February 1, 2021, Gray Television announced its intent to acquire all Quincy Media's broadcasting properties for $925 million in cash. Politicians buy ad time to help them reach voters. Now some will read that as a "fair" or "full" price. Although not considered to be as openly right-wing as Sinclair Broadcasting which stipulates all outlets must carry conservative political content Gray TV may be Foxifying WCAX a bit. Open Secrets which tracks political donations made by individuals shows that employees at AARP have donated $96,381 in the 2020 election cycle, most of which went to Democratic candidates. The company put itself-or any part up-for sale by the end of 1992. Atlanta, April 08, 2019 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray," "we," or "our") (NYSE: GTN) announced today that it will launch a new weekly program this September called "Full. Gray Television, Inc. Atlanta, Ga, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Gray Television, Inc. (Gray) (NYSE: GTN) today announced that its local television stations and digital platforms have now run more than $400 million in political advertisements since January 1, 2020, net of commissions and agency fees. In 2013 Wells Fargo provided a valuation analysis for Sinclair's spectrum, valuing it at $2.9 billion, 35% above the companies total market cap at that time. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. The 2016 presidential primary and general election brought in upwards of $100 million on political ads in broadcast and cable television in New England markets. Visit our corporate site (opens in new tab). Sign up below. Focusing on the four largest segments of the pie, local, national and political refer to advertising dollars. The Company closes the sale of WCAV-TV (CBS/FOX) and WVAW (ABC) and the purchase of WVIR-TV (NBC), all in Charlottesville, Virginia. Gray Television is in the broadcast media industry. The Company breaks ground on new WRDW-TV Station facility in Georgia. [45], By January 20, 2016, Gray had set up their Washington News Bureau by Jacqueline Policastro to enable stations to get interviews with U.S. Gray announces the initiation of a quarterly cash dividend, the first since the Great Recession. And of course, the four year cycle is different than the two year cycle. During the presidential election Sinclair and the Trump campaign struck a deal in order to gain favorable media coverage .Recently they started a promotional campaign for their local news outlets to broadcast. Gray Television (NYSE:GTN, NYSE:GTN.A) is a television broadcast company based in Atlanta. At Fox, Van Susteren once wondered if the government was wasting our tax dollars at NASA because of the long delay getting satellite images from Pluto back to Earth. On January 1, Circle officially launches. CEO Hilton Howell named President. Fortune Magazine announced that Gray Television ranked 77th in its ranking of the Top 100 Fastest Growing Companies in the World for 2016. Elected to bring all storm water structures above ground instead of underground in vaults allowing for a healthier and more natural flow of the water. The Company renewed over 250 retransmission consent agreements at year-end with no disruptions to local viewers. In 1995, the company moved its stock listing to the New York Stock Exchange. Its station base consists all ranges of media markets, from as large as Atlanta, to one of the smallest markets, North Platte, Nebraska. The Company purchased the operations other than the FCC licensed assets of six stations: KHAS-TV (Lincoln-Hastings, NE) from Hoak Media; KNDX-TV/KXND-TV (Minot-Bismarck, ND) from Prime Cities Broadcasting; KJCT-TV (Grand Junction, CO) from Excalibur Broadcasting; and KXJB-TV (Fargo, ND) and KAQY-TV (Monroe, LA) from Parker Broadcasting. [49][50], Gray announced on April 24, 2019, a joint venture with Grand Ole Opry Entertainment Group, a subsidiary of Ryman Hospitality Properties, a former owner of The Nashville Network. He also confirmed that sports events were a heavy focus, with many [political] advertisers triple spotting during college and NFL football games. He noted that many campaign advertisers ran two spots within a half-hour local newscast and many waived the separation requirements to keep their commercials from being run adjacent to rivals political messages. Newspaper leaders resigned during this periodfrom the corporate president in late 1995 to the Citizens' editor and publisher. The bureau was designed to provide enhanced coverage of national political issues for Gray's local stations. He said that its stations in Charlotte and Cleveland will launch NextGen TV transmissions in 2021 and hes looking forward to the competitive advantages we never had before.. Copyright 2023 NewsCheckMedia LLC, 238 Crosshill Road, Wynnewood, PA 19096 | 610-649-7989, Gray Television Chairman-CEO Hilton Howell: I think [2022] will likely rival, if not exceed, any previous presidential election.. This is an opportunity to come to one of the most award-winning stations in Virginia, to live in a great small city and learn how to really hone your craft in a terrific newsroom with a new commitment to technology, resources, and partnerships. Gray would divest nine stations in markets where Gray and Raycom both already owned stations, including WTNZ, WTOL, KXXV, WTXL, WFXG, KWES-TV, WPGX, WSWG, and WDFX-TV. Meanwhile, though, Gray has added more local news programs in many markets, effective April 1, as three syndicated shows came to an end. Gray sells divestiture stations from the Quincy Media transaction to Allen Media for $380 million to facilitate its acquisition of Quincy Media. The Company made a $3 million strategic equity investment in Syncbak, a technology company that replicates over-the-air broadcasts for delivery over-the-top (OTT) of the Internet. James H. Gray, Jr. resigned as President and surgeon William E. Mayher, III joined Gray's Board of Directors. [13], On July 30, 2009, Gray was awarded a contract to manage seven Young Broadcasting-owned stations. KWCH Partners with United Way of Reno County to Help Cottonwood Complex Fire Victims, KWCH and KLF Raise $1.9 Million for Wildfire Relief, ABC21 ANNOUNCES EXPANSION, LAUNCH OF 7 P.M. NEWSCAST, KWCH Partners with KLF on Wildfire Relief Fund, NBC15 Share Your Holidays final meal count revealed, Gray Television's 4th Quarter 2022 Earnings Call - February 24 @ 11:00am ET, Gray Television's 3rd Quarter 2022 Earnings Call - November 4 @ 11:00am ET. In contrast to this stable and growing ad revenue, you have political - which, as you can see below, is the most volatile revenue line item. Between the early 1990s and today, the company was transformed through strategic acquisitions and subtle, yet critical transitions. And the Federal Communications Commission makes the rules. New York, Senator and Georgia Governor Zell B. Miller joined from the Board of Directors. The Company launched start-up station WCAV-TV in Charlottesville, VA. Former U.S. [23][24], On July 24, 2014, SJL Broadcasting announced that it would sell WJRT-TV and WTVG to Gray, for $128million. [22], The sale was completed on June 13, 2014. The Company closed its acquisition of television stations from Schurz Communications, Inc. and related station acquisitions and divestitures with other counter-parties. Gray currently owns and/or operates television stations and leading digital properties in 113 television markets that collectively reach . I felt like that job gave me very important skills that Ill take with me in every job to come & be extremely valuable for. This trend is a large risk for cable companies or cable media companies but Gray will continue to capture these households whether it's through retransmission or directly through an antenna. [60], On July 22, 2009, a New York bankruptcy judge approved a plan transferring ownership of Young Broadcasting and its stations to the company's secured lenders. The largest donation made to a political party by a Gray Television employee was Several recipients of Nexstar donations, including Sens. Good foot in the door to broadcasting. The former Young-owned stations managed by Gray Television include: Young Broadcasting would retain ownership of all its stations, including three stations that Gray would not operate: KRON-TV in San Francisco, California, WATE-TV in Knoxville, Tennessee, and WLNS-TV in Lansing, Michigan, the latter two due to Gray already owning stations in those markets. Radio Television Digital News Association (RTDNA) awards 57 Regional Edward R. Murrow Awards for excellence in journalism to 26 Gray stations. This brought the company total to $534.5 million in available funds with $409.5 million directly available. Gray partners with the Salvation Army to produce and broadcast Lift Up Louisiana to raise money for Hurricane Ida relief efforts. Just last month, Gray Television Inc. and Raycom Media Inc. announced a $3.6 billion merger that would make them the third-largest TV . The Company announced the passing of its Chairman since 1993, Dr. Billy Mayher, III. NY 10036. There was a problem. Attending the Trump administrations effort to court and spark local TV news markets were reporters from Hearst, Scripps, Cox, Nexstar, and naturally, Sinclair. [40][41], On May 21, 2018, Gray Television entered into an agreement to acquire KNHL from Legacy Broadcasting for $475,000. But thats precisely why some staffers were so troubled by it. The pro forma portfolio includes 79 markets with the top-rated television station and 101 markets with the first and/or second highest rated television station according to Comscore's audience measurement data. Jacqueline Policastro, the Washington bureau chief for Gray Television, was among those at a special White House dinner after Trump addressed Congress last year. Wells Fargo provided a valuation analysis for Sinclair's spectrum. Robinson, Robert S. Prather, and Hilton H. Howell, Jr. joined Gray's Board of Directors. The Company agrees to acquire KDLT-TV in Sioux Falls, South Dakota. Hilton Howell donated The twin problems caused its shares to trade at its lowest at 16 cents in 2008, thus the NYSE indicated they might delist the company. We have a strong and influential leadership team that empowers each member of our company to grow, thrive and deliver positive impact to those around us. Keeping the water above ground provides the opportunity to use above ground water structure as an amenity for the development in the public park and other uses for the property. Gray Television has never seen spending start earlier than we did for the 2020 cycle, he added, citing ad buys in Maine for Senator Susan Collins reelection effort a full year before the general election. He also pointed to the first order (albeit a small one) from Democratic primary hopeful Tom Steyer in February 2019. Omaha is a cultural gem right in the middle of the country. While the board of directors received about 40 offers, Bull Run Corporation purchased the remaining shares of the Gray siblings, who as part of the deal resigned from the board. Concurrent with the Benedek acquisition, Gray acquired KOLO-TV (Reno, NV) from Smith Television Group, T.L. Gray Televisions total non-political (core) ad revenue last month was about $82 million; during the same month, political ads generated $175 in advertising, said Pat LaPlatney,President & Co-CEO of Gray Television, Inc. Gray forms a new sales and sponsorship entity called Gray Sports + Entertainment Sales. The signature component of Assembly Atlanta development is the 43-acre Assembly Studios complex featuring soundstages, productions offices, warehouse and mill buildings, studio bungalows, event space, and parking decks. In September 2021, Gray Television purchased Doraville-based Third Rail Studios for $27.5 million. Gray Television is known to have a strict drug testing policy. Sinclair Broadcasting, the largest owner of local TV stations in the U.S., is widely known as a champion of right-wing GOP causes. The Assembly Atlanta development is a 135-acre mixed-use real estate complex centered around the studio industry in Doraville, Georgia. Meeting new people in the reporting area of the business. Meridian, MS is a place people love to call home. Gray Television employees are most likely to be members of the Republican Party. With Raycom Media acquiring a station from AFLAC Broadcast Group, Inc., forcing them to sell WITN-TV to Gray, which was finalized on August 1, 1997. WCAX/Gray TVs Greta Van Susteren: I am now the local media.. The services would consist of a broadcast diginet and an OTT streaming platform. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. We know that the world is waking up to its environmental responsibility. by Hilton Howell. If approved, Gray would sell WJRT-TV to acquire competing station WNEM-TV, owned by Meredith. They own and operate stations in 44 markets, broadcasting 139 streams including 76 affiliates of. Gray Television reaches a multi-year deal with Fox Television Network that renews station affiliation agreements covering all of its Fox affiliated stations across 21 markets. The company issued and sold Class B common stock (through a public offering), senior subordinated notes and preferred stock in September. James Harrison Gray, Sr. acquired the Herald Publishing Company. Vermonts own little TV station, WCAX, formerly locally owned and managed, was scooped up last year not by Sinclair but by Gray Television. The new tweet, correcting her mistake, had just 95 retweets at the time of this writing. Gray completes its acquisition of Quincy Media and its sale of ten Quincy stations to Allen Media. The data presented on this page does not represent the view of Gray Television and its employees or that of Zippia. John T. Williams named President and Chief Executive Officer. The Company opens newly remodeled 20,000 sq. Grays Emmy award winning production company, Tupelo Honey, celebrates its 25th anniversary. The Company changed its name to Gray Communications Systems, Inc. and launched an initial public stock offering . Claiming and updating your company profile on Zippia is free and easy. Help other job seekers by rating Gray Television. The Company also acquired Gulflink Communications, Inc., a satellite uplink service. December 16, 2020 08:53 ET I wrote this article myself, and it expresses my own opinions. The Board of Directors unanimously voted to expand the Board by one seat and elected Luis A. Garcia as a Director to fill that position. There will be markets where ATSC 3.0 will matter, he said and it will increase during the next four year. [The Mueller investigation later vigorously denied the claim in a court filing]. [16][17][18], Prather left the company in 2013 and Howell took over the president title. 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