There are many outstanding restaurants and local festivals throughout the year. [53] Gray's acquisition of Quincy Media was completed on August 2. The Company moved to the New York Stock Exchange (NYSE), trading under the symbol GCS. These records will be broken in 2024, he predicted, but he admitted, It hard for me to put that into context.. The Company purchased WJRT-TV (Flint-Saginaw-Bay City, MI) and WTVG-TV (Toledo, OH) from SJL Holdings, LLC. Recycled 88 acres of concrete and existing structure on the site when we purchased the property. They also paid me extremely poorly and never wanted to talk about a raise. [13], On July 30, 2009, Gray was awarded a contract to manage seven Young Broadcasting-owned stations. raised $80 million online during that period; Ms. Loeffler and Mr. Perdue combined for closer to $75 million. John Dean (of Watergate notoriety) observed. Gray names Bob Smith as Chief Operating Officer and Nick Waller as its Chief Administrative Officer. The largest donation made to a political party by a Gray Television employee was * To subscribe, you must consent to Futures privacy policy. Politicians buy ad time to help them . Gray Television is ranked #13 on the Best Media Companies to Work For in Georgia list. It also acquired KTVE-TV (Monroe, LA/El Dorado, AK). The National Association of Broadcasting Educational Foundation chose Gray's WJRT (ABC) in Flint, Michigan, as the winner of its 2018 Service to Community Award in the Media Market category and WCTV (CBS) in Tallahassee, Florida, as the winner in the Small Market category. The Company opens newly remodeled 20,000 sq. The community has an amazing musical and artistic history that combines the best of a small town atmosphere with the amenities of a much larger city. In addition to being in a strong position to capture households, they are also a well run business which knows how to make the most of each unit of revenue. The Company and NBC enter into TV Everywhere Agreement, and the Company launches all of its CBS stations on the CBS All Access platform. Circle is a Country lifestyle network joint venture with partner Opry Entertainment Group, a subsidiary of Ryman Hospitality Properties. The Company announced the promotion of its five Senior Vice Presidents to new roles as Executive Vice Presidents. Gray closes on acquisition of previously announced Meredith Corporations Local Media Group. I have no business relationship with any company whose stock is mentioned in this article. I felt like that job gave me very important skills that Ill take with me in every job to come & be extremely valuable for. [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. Just months after doubling the Daily Post's staff, one third were laid off and a quarter of The Albany Herald's staff followed in January 1996. 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. The parties later agreed to a settlement. Between the early 1990s and today, the company was transformed through strategic acquisitions and subtle, yet critical transitions. 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. Politics begins in local markets, Van Susteren said. In this Gray TV guide to political ads, we'll break down the federal rules on political advertising. Hilton H. Howell, Jr. named Chief Executive Officer. [45] The sale was approved by the FCC on December 20, 2018. Subsidiaries to Gray Television include KY3. Its station base consists all ranges of media markets, from as large as Atlanta, to one of the smallest markets, North Platte, Nebraska. 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. The Company launches Full Court Press Now a late night newscast providing the latest developments on COVID-19 Pandemic. 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. Dress codes may also take the form of casual or professional, depending on the department at Gray Television. Gray Television Chairman-CEO Hilton Howell was upbeat, to say the least, when describing the outlook for political ad spending this year. Visit our corporate site (opens in new tab). [35][36] At that time, Gray had already acquired Sioux Falls rival station KSFY. The Company closed on the swap of KAKE-TV (Wichita, KS) for WBXX-TV (Knoxville, TN). You will receive a verification email shortly. The new Young Broadcasting still held the final say on overall operations for their stations, including programming and personnel.[16][18]. Gray currently owns and/or operates television stations and leading digital properties in 113 television markets that collectively reach . Advertising revenues dropped. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. 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 . 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. 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. Jacqueline Policastro, the Washington bureau chief for Gray Television, was among those at a special White House dinner after Trump addressed Congress last year. 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. Kevin Latek, chief legal and development officer at Gray, noted that the target of $575 million is already 25% ahead of 2020 after excluding the spending for the presidential race and two Senate runoffs in Georgia, which wont exist this year. Some analysts believe Sinclair wants to rival Fox News, although officials at Sinclair have rejected those suggestions. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The Company announced its purchase of all of the television and radio stations owned by Schurz Communications, Inc. The Company launched start-up station WCAV-TV in Charlottesville, VA. Former U.S. Comparing 2012 to 2008 (the last two presidential elections), we can see that Gray grew ad dollars by 77%, and comparing 2014 to 2010, we can see they grew in non-presidential years by 42%. [46][47][48] The deal was completed on January 2, 2019. Gray Television supports local community interests by providing quality television broadcasting and exceptional service in each market we serve. Omaha is also popular for our booming downtown which is home to a revitalized riverfront and the Historic Old Market. He writes regularly about trends and media/marketing for the Consumer Technology Association's i3 magazine plus several blogs. And of course, the four year cycle is different than the two year cycle. Senator and Georgia Governor Zell B. Miller joined from the Board of Directors. [3], With its additional funds, Gray continued purchasing in 1997 with two announcements in January and February. In 1991, to break the stalemate, the board of directors had the company purchase 25% of their shares. The Company purchased WAGM-TV (Presque, ME) from NEPSK, Inc. The Company reaches an agreement with United Television to acquire WWNY-TV (CBS) and WNYF-TV (FOX) in Watertown, New York (DMA 178) and KEYC-TV (CBS/FOX) in Mankato, Minnesota (DMA 199). Gray launched WALB-TV in 1954. Im going to reach their voters.. Gray honored with eight National Edward R. Murrow Awards for excellence in journalism by RTDNA. We own and/or operate television stations and leading digital properties in 113 television markets that collectively reach approximately 36 percent of US television households. Gray's television stations raise $12.6 million in donations benefiting local residents and local organizations in need during . Sinclairs political bent has been a factor in its pending acquisition of Tribune Media. Gray is also well diversified across the networks, reducing programming risk. [3][4], In 1986 Gray died, leaving his 50.5% share of the stock in a trust for his children with stipulation that they run the business together, sell their stock with each other or sell out together. ", "Gray Buying Hoak, Prime Stations For $342.5M", "Re: Prime Cities Broadcasting, Inc. Request for Dismissal of Group Application for Assignment of Broadcast Station License(s)". A single Democratic leadership-aligned nonprofit called Majority Forward poured a record-breaking $46 million into 2018 elections from the left. I consent the use of my personal data in accordance with Future's. Gray Television employees are most likely to be members of the Republican Party. The Company announced that KSFY-TV will begin broadcasting from its new downtown state-of-the-art Sioux Falls Studio. Gray Television is in the broadcast media industry. Gray closes on its acquisition of Raycom Media, Inc. and all required divestitures. 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. We are committed to working hard to reduce the construction's impact on the environment. Gray Television is a group of inspired innovators and thought leaders in the television industry. The transaction completes Gray's 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. 1897 The Company renewed over 250 retransmission consent agreements at year-end with no disruptions to local viewers. At today's valuation of 17x earnings this accounts for the entire market cap. Gray announces the initiation of a quarterly cash dividend, the first since the Great Recession. Recycled all the steel and rebar previously on the site. Googles GNI Innovation Challenge selects Gray as the only broadcast to receive funding by supporting a multi-platform journalism project focused on health disparities called Bridging the Great Health Divide Mississippi Delta and Appalachia.. Gray partners with the Salvation Army to produce and broadcast Lift Up Louisiana to raise money for Hurricane Ida relief efforts. [34] On June 3, 2016, it was announced that Gray would acquire two stations that were spun-off from the Nexstar-Media General merger; KWQC-TV in Davenport, Iowa and WBAY-TV in Green Bay, Wisconsin for $270million. [4] Gray purchased two TV stations (WKYT-TV and WYMT-TV) from the failed and government-seized Kentucky Central Insurance Company in September 1994 after a court challenge to the sale by Kentucky Central builder Garvice Kincaid. List of stations owned or operated by Gray Television, "Gray Television consolidating offices, leaving Albany", "Gray: Strong Stations, Smart Operations", "Atlanta-based TV-station operator to spin off newsletter, wireless units", "Daily Post's parent company changes name", "Banks' Bid on Young Stations Clears Hurdle", Who's Really Running Young Broadcasting? Kevin Latek, Nick Waller, Bob Smith, and Jason Effinger named Senior Vice Presidents. Gray had started to focus on its TV station segment over the newspaper holding while TV produced more income and the newspapers' income were declining. Wells Fargo provided a valuation analysis for Sinclair's spectrum. [3], In 1998, Gray started to expand beyond its Southeast region. With two interstate highways and a regional airport offering daily jet service flights to a major hub, Meridian is convenient to everywhere. The Company purchased the Hoak Media stations: KVLY-TV (Fargo-Valley City, ND); KSFY-TV/KABY-TV/ KPRY-TV (Sioux Falls, SD); KFYR-TV/ KMOT-TV, KUMV-TV/ KQCD-TV (Minot-Bismarck, ND); KALB-TV (Alexandria, LA); KNOE-TV (Monroe-El Dorado, LA); KNOP-TV and KIIT-LP (North Platte, NE). Gray and Meredith amend purchase agreement to increase purchase price to $2.825 billion and make certain other changes favorable to Gray. Now Sinclair has tailored promotional spots for its almost 200 local news outlets that seem to mirror parts of Trumps oft repeated bogus fake news claims. 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. Bull Run Corporation, primarily owned by J. Mack Robinson, decided to make Gray a Southeast regional media company, expanding its focus beyond the state of Georgia. Harriett J. Robinson joined the Board of Directors. The Company opens a significantly remodeled, state-of-the-art facility for KNOE-TV (CBS, ABC) in Monroe, Louisiana. [43][44][45], Although Gray foresaw that the acquisition would receive regulatory approval quickly, due to limited market overlap between the two companies and its still-relatively low total market reach post-acquisition. As the company agreed to purchase the Busse Broadcasting Corporation, which owned KOLN, KGIN-TV and WEAU. 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. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. TIMELINE The Herald Publishing Company was founded with the creation of the Albany Herald in Albany, Georgia. Gives a whole new spin to the late columnist Peter Freynes moniker for WCAX: he always called it WGOP; only now, of course he might call it WFOX, or WGRAY. Grays Raycom Sports launches Origin Sports Network on the Roku Channel in Canada and XUMO in the United States. The Company launches a syndicated Weekend Political Show "Full Court Press" with Greta Van Susteren. The Company announced the opening of its Washington D.C. News Bureau. The Company purchased WNDU-TV (South Bend, IN) from the University of Notre Dame. And not to be paranoid but its worth being watchful of our neighbor states media scene. Overall, at Gray TV stations in 95 markets - even through a longer-than-ever political process which began in early 2019 - 53% The Company breaks ground on new WRDW-TV Station facility in Georgia. Barry Lewis, Richard L. Boger and Howell W. Newton joined Gray's Board of Directors, and James H. Gray, Jr. resigned from the Board. 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. The entire downtown area has been re-imagined with top tier restaurants, shopping, bars, clubs and a variety of art galleries. 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 the right, a nonprofit called 45 Committee poured more than $23 million into the 2016 presidential race to support President Donald Trump. In total, Gray owns and/or operates television stations and leading digital properties across 94 television markets, including the number-one rated television station in 68 markets and the first or second highest rated television station in 86 markets. Gray Television is a television broadcast company headquartered in Atlanta, Georgia. Gray sells divestiture stations from the Quincy Media transaction to Allen Media for $380 million to facilitate its acquisition of Quincy Media. While the number of people opting not to pay for television continues to increase, this hasn't impacted Gray as these viewers are simply moving from cable to antenna. [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. But that's probably not the whole story. Its not only Fox News that covers Trumps back. By ensuring that our talent has the independence to tell the stories that matter most, we are fostering a team of empowered newsroom leaders who are truly engaging and connecting with communities. The show, R Gray Television may also be known as or be related to Gray Communications Systems, Inc., Gray TV, Gray Television, Gray Television Inc, Gray Television Inc. and Gray Television, Inc. WOWT is a modern facility equipped with state of the art technology, and with our leading broadcast news we provide award winning local news coverage, dedicated community service, and effective marketing solutions for area businesses. The Company launches a syndicated Weekend Political Show Full Court Press with Greta Van Susteren. 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. Total 2016 revenue could be as much as $654 million. Copyright 2023 Gray Television, Inc. All Rights Reserved. The Company agrees to acquire KDLT-TV in Sioux Falls, South Dakota. The Company announced that it had reached a multi-year deal that renews station affiliation agreements covering all 32 markets in which Gray own and operates its 39 CBS-affiliate television stations. 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. Vermonts own little TV station, WCAX, formerly locally owned and managed, was scooped up last year not by Sinclair but by Gray Television. Have you worked at Gray Television? The Company announced that it was recognized with the Ad Councils 2017 Crystal Bell Award at Forward 2017, the Television Bureau of Advertisings (TVB) annual leadership conference in New York City. CNN reports: The promos begin with one or two anchors introducing themselves and saying Im [we are] extremely proud of the quality, balanced journalism that [proper news brand name of local station] produces. [3][4], New management was put in place at all three TV stations. Gray reached an agreement with Nexstar Broadcasting Group, Inc. to acquire two television stations that Nexstar will divest upon its merger with Media General, Inc.: WBAY (ABC), in Green Bay, Wisconsin, and KWQC (NBC) in Davenport, Iowa, both previously owned and operated by Media General. 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. 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. . Gray Television Stock Can Win From the 2020 Presidential Election | Barron's Media Feature A TV Stock That Can Win No Matter Who Wins the 2020 Election By Lawrence C. Strauss July 5, 2019. The Company also acquired Gulflink Communications, Inc., a satellite uplink service. The new tweet, correcting her mistake, had just 95 retweets at the time of this writing. [27], In July 2015, Gray closed its accounting and human resources offices in Albany (housed in the same building as The Albany Herald), combining them with the corporate offices in Atlanta. From community outreach efforts to green initiatives, we are striving to make a meaningful difference in the world in which we live. The company bought Gulflink Communications, Inc., a transportable satellite uplink business based in Baton Rouge, Louisiana, in April 1997 to go along with Lynqx. 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 announces significant expansion to National Investigative Team. Meeting new people in the reporting area of the business. Gray then announced in April 2019 Greta Van Susteren as host of a Sunday morning syndicated show, Full Court Press with Greta Van Susteren, which was launched in September 2019.[62]. Gray announces its acquisition of Quincy Media, Inc. for $925 million. by Hilton Howell. Gray Television's mission statement is "To include the capability of tuning and decoding over-the-air digital signals by 2007.". And local festivals throughout the year of course, the first since the Recession. In donations benefiting local residents and local festivals throughout the year to ensure this doesnt happen the! Local markets, Van Susteren opens a significantly remodeled, state-of-the-art facility for KNOE-TV (,... Political Show & quot ; with Greta Van Susteren said and/or operate television stations and leading digital properties 113!, reducing programming risk COVID-19 Pandemic Susteren said re-imagined with top tier restaurants, gray television political donations, bars, and... 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