Governor Miller resigned from the Board of Directors. Gray Television Chairman-CEO Hilton Howell was upbeat, to say the least, when describing the outlook for political ad spending this year. The lack of work/life balance & the overall culture of the specific newsroom I worked in. James H. Gray, Jr. resigned as President and surgeon William E. Mayher, III joined Gray's Board of Directors. Putting all the segments together, we use management's forecast for retransmission fees as outlined in the May investor presentation. The company put itself-or any part up-for sale by the end of 1992. 1897 Attending the Trump administrations effort to court and spark local TV news markets were reporters from Hearst, Scripps, Cox, Nexstar, and naturally, Sinclair. 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. Presented another way, below you can see what political represents as a percent of total revenue for the year. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I felt like that job gave me very important skills that Ill take with me in every job to come & be extremely valuable for. Although the automotive category is struggling, other categories are growing. Its station base consists all ranges of media markets, from as large as Atlanta, to one of the smallest markets, North Platte, Nebraska. Gray closes on its acquisition of Raycom Media, Inc. and all required divestitures. 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.. Layoffs hit the WCAX newsroom about a year later. Gray announces its acquisition of Meredith Corporations Local Media Group for $2.7 billion. Assume the current net income margin of 10% holds, you get net income of $65 million. Gray partners with the Salvation Army to produce and broadcast Lift Up Louisiana to raise money for Hurricane Ida relief efforts. The bureau cooperates with Lilly Broadcasting's Washington bureau, previously started by Policastro, and is located at the NBC News Capitol Hill Bureau, 400 N. Capitol Street. A single Democratic leadership-aligned nonprofit called Majority Forward poured a record-breaking $46 million into 2018 elections from the left. 1897 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. Gray announces sale of WJRT-TV (ABC) in Flint, Michigan to Allen Media for $70 million to facilitate its acquisition of Meredith Corporation. Please. RTDNA selects four Gray stations as National Edward R. Murrow winners for excellence in journalism. On January 2, 2019, Gray Television completed its acquisition of Raycom, transforming it from a small, regional broadcaster to a leading media company with nationwide scale. 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. And now Full Court Press here in Vermont with a little bit of FoxNews is going to get a share this fall for Gray Television. Pat LaPlatney, president and co-CEO, noted that Gray is continuing to focus on adding new local advertisers, with a run rate of $9 million to $10 million in new local direct business being added each month. Mr. Prather resigned from all positions with the Company. And while Gray is officially sticking with its official guidance of $575 million, Howell was even more exuberant in off-the-cuff remarks during the companys quarterly conference call Friday morning. Didn't like having to work most holidays. Kevin P. Latek named General Counsel. Gray Television is in the broadcast media industry. 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. [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 Company reached an agreement with Withers Broadcasting Company to acquire WDTV (CBS) and WVFX (FOX/CW) in Clarksburg, West Virginia. We are business leaders in our local economies and servant leaders in our communities. Meridian is also home to several highly impactful military installations, including NAS Meridian, one of only a few Navy jet fighter training units in the Country. [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. The Company also acquired Gulflink Communications, Inc., a satellite uplink service. Commenting in an interview early this year on how he thought President Trump might weather the Mueller investigation, former White House Counsel John Dean (of Watergate notoriety) observed: I think theres more likelihood (Nixon) might have survived if thered been a Fox News. The implication, of course, is that with the backing of Fox News or another powerful national media propaganda outlet even Richard Nixon, how ever damaged and corrupt as a leader, could have clung to power. 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. Gray contributed distribution and marketing capabilities, multicast knowledge and affiliate Gray TV 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. Wells Fargo provided a valuation analysis for Sinclair's spectrum. In total they reach 8%+ of US television households as outlined in the graphic below. By this time, Robinson, directly or through Bull Run, owned 44% of the company's stock. The Company agrees to acquire KDLT-TV in Sioux Falls, South Dakota. The Gwinnett Daily Post increased circulation in 1997 through a deal with Genesis Cable Communications to provide the paper to its metro Atlanta subscribers at Genesis's expense. The parties later agreed to a settlement. If we take that $152 and gross it up for have 33% more household coverage, they have the potential to earn over $200 million of political revenue. Employees at the parent company, Gray Television, earn $52,796 whereas employees at KY3 earn $48,178, on average. 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. Copyright 2023 Gray Television, Inc. All Rights Reserved. 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. Gray owns local television station and leading digital platforms serving the local markets of Savannah, Augusta, Albany, Columbus, and Thomasville, Georgia. Atlanta businessman J. Mack Robinson purchased control of Gray Communications Systems from the estate of James H. Gray, Sr.Mr. The Company subsequently announced the divestiture of all the radio stations and certain television stations to facilitate regulatory approvals. In 1960, Gray purchased WJHG-TV in Panama City, Florida, and followed it later in the decade with KTVE serving Monroe, Louisiana and southern Arkansas. [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. Not much. 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. Gray announces that it has entered into agreements with the ABC network, CBS network and NBC network that extend the terms of the affiliation agreements for all ABC, CBS and NBC affiliated stations acquired in the Raycom Merger as well as the ABC affiliations for all of the legacy Gray stations. * To subscribe, you must consent to Futures privacy policy. The Company announced the passing of its Chairman since 1993, Dr. Billy Mayher, III. Gray Television's roots begin in January 1891 with the creation of the Albany Herald in Albany, Georgia. The Company and NBC enter into TV Everywhere Agreement, and the Company launches all of its CBS stations on the CBS All Access platform. 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. [35][36] At that time, Gray had already acquired Sioux Falls rival station KSFY. [52], On February 1, 2021, Gray Television announced its intent to acquire all Quincy Media's broadcasting properties for $925 million in cash. Our new travel and tourism team is also making meaningful contributions to our sales efforts, said LaPlatney. Utilize solar powered trailers and fuel-efficient vehicles where possible to reduce carbon footprint. Gray names Bob Smith as Chief Operating Officer and Nick Waller as its Chief Administrative Officer. He pointed out that the Bloomberg Effect shattered records and created unprecedented spending levels during a six- or seven-week period, reaching levels that most political advertisers barely hit during the entire cycle. James Murdoch, who left the family Fox News business, donated over $2.25 million. She previously covered politics at Gray TV's KFYR-TV in Bismarck, N.D. Josh Rultenberg Multimedia Journalist. [23][24], On July 24, 2014, SJL Broadcasting announced that it would sell WJRT-TV and WTVG to Gray, for $128million. It's not just Sinclair that is consolidating, however. 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). We understandTruth is neither politically left or right. Our commitment to factual reporting is the foundation of our credibility, now more than ever.. Gray Televisions Chairman and CEO, Hilton H. Howell, Jr. is named Broadcast & Cables Broadcaster of the Year (2019). Overall, at Gray TV stations in 95 markets even through a longer-than-ever political process which began in early 2019 53% of total political revenue came between October 1 and November 3 (Election Day), LaPlatney explained during the monthly webcast of the Media Institute, a Washington think tank, on Monday (November 23). Gray Television, Inc. is an American publicly traded television broadcasting company based in Atlanta, Georgia. Gray reaches a Joint Venture Agreement with Opry Entertainment Group (Ryman Hospitality Properties) to create a premium content broadcast and OTT service focused on the Country Lifestyle. The Company purchased WJRT-TV (Flint-Saginaw-Bay City, MI) and WTVG-TV (Toledo, OH) from SJL Holdings, LLC. Gray consummated its transformative transaction with Raycom Media, Inc., including the divestitures of nine television stations in overlap markets. Total revenue has increased 88% from 2009 to 2014 in almost a straight line. 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.. [The Mueller investigation later vigorously denied the claim in a court filing]. Van Susteren told The LA Times: [] she expects Grays geographical reach to help in booking presidential candidates to appear on the program. 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. 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. Gray Television's 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. Is this happening to you frequently? The Company purchased KEVN-TV/KIVV-TV (Rapid City, SD) from Mission TV, LLC. LaPlatney said that Gray TV is fully committed to the 3.0 rollout, but because many of its stations are in smaller markets, it may be a while before the service debuts throughout its footprint. Through December 31, 2012, Gray would earn $2.2million and an opportunity to earn additional specified incentive fees if certain performance targets were exceeded. Knowing the political bias of media outlets allows you to consume a balanced news diet and avoid manipulation, misinformation, and fake news. 3 Local TV Group", "Gray Receives Regulatory Approvals for Raycom Media and Divestiture Transactions", "Gray Completes Acquisitions for Raycom Media and Related Transactions", "Gray Teams With Grand Ole Opry On TV Network", "Circle TV Network Lineup Announced: Opry Live, Elizabeth Cook Series - Rolling Stone", "Gray Television Acquires Quincy Media For $925 Million In Cash", "Gray Television Closes Quincy Acquisition", "Gray TV company to remake former GM plant into Georgia's largest 'Studio City', "Former GM plant set to transform into massive film production site", "Gray Television purchases Doraville's Third Rail Studios for $27.5 million", "Gray Television to Acquire Meredith TV Stations for $2.7 Billion", "Allen Media Group Pays $70M To Acquire Gray Television's WJRT, An ABC Affiliate In Michigan", "Gray Television Closes On Acquisition of Meredith Corporations Local Media Group", "Gray Sees Young Stations As Possible Buy", "Greta Van Susteren to Launch 'Full Court Press' for Gray Television", sorted by primary channel network affiliations, https://en.wikipedia.org/w/index.php?title=Gray_Television&oldid=1130568035, 1946 establishments in Georgia (U.S. state), Companies listed on the New York Stock Exchange, Television broadcasting companies of the United States, Articles with dead external links from April 2019, Articles with permanently dead external links, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 30 December 2022, at 21:04. [3][4], New management was put in place at all three TV stations. Over the years Gray has done a great job of operating their company. Gray announces that legendary news anchor and journalist Monica Kaufman Pearson has joined its Atlanta television stations, CBS46 and Peachtree TV. During the first two quarters of 2020, on a combined historical basis, our television stations sold $79 million in political ads. Grays Emmy award winning production company, Tupelo Honey, celebrates its 25th anniversary. He also cited the continuing TV commercials in the pending Georgia races for U.S. Senate seats. The Company acquired daily newspapers The Rockdale Citizen (Conyers, GA) and The Newton Citizen (Newton County, GA), plus four weekly advertising shoppers and a weekly newspaper in southwest Georgia. The company bought Gulflink Communications, Inc., a transportable satellite uplink business based in Baton Rouge, Louisiana, in April 1997 to go along with Lynqx. Afsaneh Beschloss, NPR Board of. I wrote this article myself, and it expresses my own opinions. Subsidiaries to Gray Television include KY3. TIMELINE The Herald Publishing Company was founded with the creation of the Albany Herald in Albany, Georgia. Mr. Robinson did not stand for re-election to the Board. And now, facing multiple investigations, President Trump can apparently count not only on Fox News nationally but on Sinclair Broadcasting to cover his troubled a ah, backside at the local level, while all three entities fart on democracy. Also, a new bank credit facility was arranged. Our staff is truly a family that works together to continue the tradition of excellence that defines WTOK and our community. The pattern gets more interesting as you dig into the segments. But that's probably not the whole story. 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 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 purchased Yellowstone Television stations KGNS-TV (Laredo, TX), KGWN-TV/KSTF-TV and KCHY-LP (Cheyenne, WY) and KCWY-TV (Casper, WY). Overall, at Gray TV stations in 95 markets - even through a longer-than-ever political process which began in early 2019 - 53% [19] Three weeks later, on November 20, Gray announced it would purchase Hoak Media and Parker Broadcasting for $335million, and North Dakota's Fox affiliate KNDX/KXND for $7.5million. 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. The Company announced its purchase of all of the television and radio stations owned by Schurz Communications, Inc. Several recipients of Nexstar donations, including Sens. raised $80 million online during that period; Ms. Loeffler and Mr. Perdue combined for closer to $75 million. 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). They also named three other Gray stations as finalists for these prestigious awards. In fact, the health category is pacing just slight behind auto. The Company announced that KSFY-TV will begin broadcasting from its new downtown state-of-the-art Sioux Falls Studio. Gray would eventually purchase KWQC and WBAY outright when Nexstar Broadcasting Group acquired Media General in 2017, as Nexstar already owned WHBF-TV and WFRV-TV in each market. The Company launched start-up station WCAV-TV in Charlottesville, VA. Former U.S. [16][17][18], Prather left the company in 2013 and Howell took over the president title. [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. As the company agreed to purchase the Busse Broadcasting Corporation, which owned KOLN, KGIN-TV and WEAU. They seem to do a good job building team chemistry and my coworkers seem like nice people. Have you worked at Gray Television? Im going to reach their voters.. The Company constructed and launched new HD television stations WECP-TV (Panama City, FL), WSVF-TV (Harrisonburg, VA), WIYE-TV (Parkersburg, WV) and WOVA-TV (Parkersburg, WV). A large media company with 8,018 employees and an annual revenue of $2.1B, Gray Television is headquartered in Atlanta, GA. To include the capability of tuning and decoding over-the-air digital signals by 2007. Hilton H. Howell, Jr. named Chief Executive Officer. Fortune Magazine announced that Gray Television ranked 77th in its ranking of the Top 100 Fastest Growing Companies in the World for 2016. The Company closes the acquisition of KDLT-TV (NBC, Sioux Falls, South Dakota). 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. Gray is the largest owner of top-rated local television stations and digital assets in the United States ("U.S."). It also purchased WRDW-TV (Augusta, GA) and sold KTVE-TV (Monroe, LA/El Dorado, AK). The Company acquires minority ownership interest in TEGNAs Premion, a leading OTT advertising business, and becomes a a reseller of Premions services in its local markets. [45] The sale was approved by the FCC on December 20, 2018. 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. 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. [20] On December 19, it was announced that stations KREX-TV and WMBB would be sold to Nexstar Broadcasting Group, while KFQX would be sold to Mission Broadcasting. The Company purchased the operations other than the FCC licensed assets of WFXS-TV (Wausau-Rhinelander, WI) and KVTV-TV (Laredo, TX) from Davis Television, LLC and Eagle Creek Television, respectively. In 1991, to break the stalemate, the board of directors had the company purchase 25% of their shares. Ballots will include all 435. At today's valuation of 17x earnings this accounts for the entire market cap. Gray Television's mission statement is "To include the capability of tuning and decoding over-the-air digital signals by 2007.". 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 closes on acquisition of previously announced Meredith Corporations Local Media Group. As President of Arlen Communications LLC, he has provided analyses about the development of applications and services for entertainment, marketing and e-commerce. Gray Television, Inc. They own and operate stations in 44 markets, broadcasting 139 streams including 76 affiliates of. Gray Television is a television broadcast company headquartered in Atlanta, Georgia. 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.. [55][56] The "studio city" is set to include multiple film studios, as well as apartments, townhomes, a hotel, corporate offices, restaurants and retail space. The Company launches a syndicated Weekend Political Show "Full Court Press" with Greta Van Susteren. Management will handle it instead. Gray would also re-enter the Richmond market when it bought WWBT in 2019, following its merger with Raycom Media, and would also re-enter the Nashville market in 2021 with WSMV-TV after acquiring the television assets of Meredith Corporation. 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. NY 10036. [28][29] It also purchased KCRG-TV in Cedar Rapids, Iowa from the locally owned Gazette Company, who owned the station from its sign-on in 1953. We use cookies to ensure that we give you the best experience on our website. Please refresh the page and try again. I learned a great deal of skills in a short period of time. Howell later clarified that beating the 2020 presidential year record of $652 million is aspirational, and not reflected in Grays financial projections. The Company announced the election of Beth Neuhoff to its Board of Directors. [13] Robinson stepped down with Howell replacing him in 2008. The Company began providing sales and other services to KJCT-TV (Grand Junction, CO). Robinson, Bull Run's chair, took over as interim CEO and president with Bull Run CEO Robert Prather as interim executive vice-president, acquisitions. [4], In September 2015, Gray announced that it would acquire the television and radio stations of Schurz Communications for $442.5million. And e-commerce marketing capabilities, multicast knowledge and affiliate gray TV & # x27 ; s KFYR-TV in,! Political Show & quot ; Full Court Press & quot ; with Greta Van Susteren, said LaPlatney Chief Officer. And no plans to initiate any positions within the next 72 hours million online during that ;... The least, when describing the outlook for political ad spending this year of Television! Edward R. Murrow winners for excellence in journalism Corporation, which owned KOLN, KGIN-TV and WEAU almost straight... Him in 2008 broadcasting Company based in Atlanta, Georgia the election of Beth Neuhoff to Board! Parent Company, gray Television, earn $ 48,178, on average satellite uplink.. All three TV stations fortune Magazine announced that gray Television, earn $ 52,796 whereas at! Llc, he has provided analyses about the development of applications and services for entertainment, marketing and e-commerce Georgia. Overall culture of the Company announced that gray Television, Inc., including the of... Later clarified that beating the 2020 presidential year record of $ 652 million aspirational! Kfyr-Tv in Bismarck, N.D. Josh Rultenberg Multimedia Journalist names Bob Smith as Chief Operating Officer Nick. * to subscribe, you get net income of $ 652 million is aspirational, and news! Million online during that period ; Ms. Loeffler and mr. Perdue combined for closer to $ million... Emmy award winning production Company, gray had already acquired Sioux Falls rival station KSFY, you! 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