Politicians buy ad time to help them . 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. We'll know a lot more in the coming quarters but the auction process could reveal an undiscovered asset worth hundreds of millions of dollars for Gray - none of which is reflected in the current valuation. The Company purchased WJRT-TV (Flint-Saginaw-Bay City, MI) and WTVG-TV (Toledo, OH) from SJL Holdings, LLC. The Company wins 57 Regional Edward R. Murrow Awards for excellence in journalism in 23 Markets. 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. 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. The Company purchased KEVN-TV/KIVV-TV (Rapid City, SD) from Mission TV, LLC. Mr. Trump and his shared committees with the R.N.C. John Dean (of Watergate notoriety) observed. Meeting new people in the reporting area of the business. I think it will likely rival, if not exceed, any previous presidential election, the CEO said. Knowing the political bias of media outlets allows you to consume a balanced news diet and avoid manipulation, misinformation, and fake news. [3], With its additional funds, Gray continued purchasing in 1997 with two announcements in January and February. In this Gray TV guide to political ads, we'll break down the federal rules on political advertising. Kevin P. Latek named General Counsel. Raycom Media, an employee-owned company, is one of the nation's largest privately-owned local media companies and owns and/or provides services for 65 television stations and 2 radio stations in 44 markets located in 20 states. 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. In 1995, the company moved its stock listing to the New York Stock Exchange. While our footprint is expanding, we remain committed to keeping news local and doing what we can to ensure our stations continue to remain fixtures in their communities. The new Young Broadcasting still held the final say on overall operations for their stations, including programming and personnel.[16][18]. In 2012, Gray covered roughly 6% of US households (which was the same percent in 2008), through acquisition and expansion they now cover 8%. The Company reached an agreement with Mt. James Murdoch, who left the family Fox News business, donated over $2.25 million. The Company also acquired Gulflink Communications, Inc., a satellite uplink service. The Company reached an agreement with Withers Broadcasting Company to acquire WDTV (CBS) and WVFX (FOX/CW) in Clarksburg, West Virginia. Require all tenants to utilize studio driven green initiatives across all their productions. Omaha is a cultural gem right in the middle of the country. I am not receiving compensation for it (other than from Seeking Alpha). Attending the Trump administrations effort to court and spark local TV news markets were reporters from Hearst, Scripps, Cox, Nexstar, and naturally, Sinclair. Digital will grow; the broadcast share will be similar to where it ended up this cycle at about 50% in the next presidential election year. The Company launches Full Court Press Now a late night newscast providing the latest developments on COVID-19 Pandemic. Their corporate memo to local stations dictates the promo be scheduled to create maximum reach and frequency.. And the Federal Communications Commission makes the rules. The Company purchased KKCO-TV (Grand Junction, CO), WSWG (Albany, GA), and WSAZ-TV (Huntington, WV) in three separate transactions.In addition, the Company spun off its five daily newspapers and wireless messaging business into the newly formed Triple Crown Media. Hilton Howell donated 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. 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. Gray currently owns and/or operates television stations and leading digital properties in 113 television markets that collectively reach approximately 36% of U.S. television households. The Company moved to the New York Stock Exchange (NYSE), trading under the symbol GCS. The Company purchased KOSA-TV (Odessa, TX) from Investment Company of America. 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. The Company announced the election of Beth Neuhoff to its Board of Directors. James H. Gray, Jr. resigned as President and surgeon William E. Mayher, III joined Gray's Board of Directors. Mr. Robinson did not stand for re-election to the Board. In 1991, to break the stalemate, the board of directors had the company purchase 25% of their shares. Please refresh the page and try again. The Assembly Atlanta development is a 135-acre mixed-use real estate complex centered around the studio industry in Doraville, Georgia. Gray purchases Third Rail Studios in Doraville, Georgia. The Company announces that Greta Van Susteren has joined Gray as Chief National Political Analyst. Recycled all the steel and rebar previously on the site. The data presented on this page does not represent the view of Gray Television and its employees or that of Zippia. David Zaslav, who led the merger with CNN and Discovery, donated over $240,000. 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 . Sinclair Broadcasting, the largest owner of local TV stations in the U.S., is widely known as a champion of right-wing GOP causes. Fortune Magazine announced that Gray Television ranked 96th in its ranking of the Top 100 Fastest Growing Companies in the World for 2017. Gray's ownership of a newspaper and TV station in Albany, Georgia while grandfathered was examined under the Media cross-ownership rule of the FCC due to this potential purchase. 1897 But that's probably not the whole story. Gray is the largest owner of top-rated local television stations and digital assets in the United States ("U.S."). [45] The sale was approved by the FCC on December 20, 2018. They seem to do a good job building team chemistry and my coworkers seem like nice people. 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. AllSides Media Bias Chart. 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). [59] The sale was completed on December 1. The company was considered in 1996 by Fortune magazine as the 81st fastest growing company, having a 48% percent growth rate. As the company agreed to purchase the Busse Broadcasting Corporation, which owned KOLN, KGIN-TV and WEAU. Gray Television employees are most likely to be members of the Republican Party. Grays Emmy award winning production company, Tupelo Honey, celebrates its 25th anniversary. Gray leads fundraising round for Texas-based Envy Gaming. It also acquired KTVE-TV (Monroe, LA/El Dorado, AK). [4], In September 2015, Gray announced that it would acquire the television and radio stations of Schurz Communications for $442.5million. And Gray has been introducing its sales training throughout the newly acquired Meredith stations as it did previously with the former Quincy Media stations. One of Sinclairs local anchors who remained anonymous for fear of retribution told CNN: I felt like a POW recording a message, [] On its face, some of the language is not controversial. Jon Decker White House Correspondent and Senior National Editor. (Gene) Elder joined the Board of Directors. Gray Television is a group of inspired innovators and thought leaders in the television industry. Barry Lewis, Richard L. Boger and Howell W. Newton joined Gray's Board of Directors, and James H. Gray, Jr. resigned from the Board. The table below compares EBITDA margins across competitors. Copyright 2023 Gray Television, Inc. All Rights Reserved, GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE, Q4 2022 Gray Television, Inc. Earnings Conference Call, Gray Television Investor Presentation, March 2022, 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, LOCAL TV REVIVES A BYGONE TRADITION: AIRING THE NATIONAL ANTHEM | It is one of popular culture's generational divides: whether you are old enough to remember when television stations concluded the night's programming with "The Star-Spangled Banner. During that period, Gray Television divested all the newspapers and television stations that it owned prior to 1993 other than WJHG. Gray Television, Inc. announced today that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share of its common stock and Class A common stock. NY 10036. Although the automotive category is struggling, other categories are growing. On the right, a nonprofit called 45 Committee poured more than $23 million into the 2016 presidential race to support President Donald Trump. 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. In September 2021, Gray Television purchased Doraville-based Third Rail Studios for $27.5 million. Concurrent with the Benedek acquisition, Gray acquired KOLO-TV (Reno, NV) from Smith Television Group, T.L. 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). The Company announced that KSFY-TV will begin broadcasting from its new downtown state-of-the-art Sioux Falls Studio. The Company launched start-up station WCAV-TV in Charlottesville, VA. Former U.S. Newspaper leaders resigned during this periodfrom the corporate president in late 1995 to the Citizens' editor and publisher. Its station base consists all ranges of media markets, from as large as Atlanta, to one of the smallest markets, North Platte, Nebraska. In a new digital-centric arena, our leadership team featured here provides the support and vision that empowers each member of our company to navigate industry . Want to explore some other great places to work in Atlanta, GA? Van Susteren told The LA Times: [] she expects Grays geographical reach to help in booking presidential candidates to appear on the program. Our staff is truly a family that works together to continue the tradition of excellence that defines WTOK and our community. 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. Gray Televisions InvestigateTV receives two first place National Headliner Awards. Founded in 1946 by James Harrison Gray as Gray Communications Systems, the company owns or operates 180 stations across the United States in 113 markets. Please disable your ad-blocker and refresh. 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. If you have an ad-blocker enabled you may be blocked from proceeding. Loan covenants could have forced the company into default. Is this happening to you frequently? The Company revives the daily tradition of airing the National Anthem by its stations each morning. It also purchased WRDW-TV (Augusta, GA) and sold KTVE-TV (Monroe, LA/El Dorado, AK). Mr. Robinson resigned as Chief Executive Officer and continued as Chairman Emeritus. The 2016 elections will decide the White House, 34 U.S. Senate seats and 12 governorships. Gray owns and operates television stations in 31 markets across the country, broadcasting over 85 distinct channels of programming and operating dozens of local digital and mobile platforms. Gray is also well diversified across the networks, reducing programming risk. 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. [3], In 1998, Gray started to expand beyond its Southeast region. Sinclairs political bent has been a factor in its pending acquisition of Tribune Media. Afsaneh Beschloss, NPR Board of. The Board of Directors unanimously voted to expand the Board by one seat and elected Richard B. Hare as a Director to fill that position. They own and operate stations in 44 markets, broadcasting 139 streams including 76 affiliates of. On January 1, Circle officially launches. During the construction of the Assembly Studios complex, we have taken the following actions to reduce environmental impact, and even improve the property: Currently, Third Rail Studios and upon completion of the Assembly Studio complex, Assembly Atlanta has or will implement the following actions as part of our commitment to the environment: Copyright 2023 Gray Television, Inc. All Rights Reserved, Senior Vice President, Chief Digital Officer, Senior Vice President, Chief Technology Officer, Senior Vice President, Chief Accounting Officer, Senior Vice President, Financial Reporting, Senior Vice President, Government Relations and Distribution, Vice President, Gray TV Telemundo Station Group, Senior Vice President, Deputy General Counsel, Vice President, Assistant General Counsel, Vice President and General Manager of Washington Operations, Vice President, Sales Training and Development, Senior Executive Administrator, Corporate Support Services, Assistant Secretary, Assistant General Counsel, President and CEO, Tupelo Media Group, LLC, Vice President, Digital Content and Audience Development, SVP, Program Planning and Distribution, Raycom Sports Network, LLC, Assistant Vice President, Shared Services, Vice President, Chief Information Security Officer, Vice President, Senior Programming and Production Counsel, Vice President, Traffic and Sales Systems, 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. [The Mueller investigation later vigorously denied the claim in a court filing]. I learned a great deal of skills in a short period of time. [61], The agreement ended without any further extensions on December 31, 2012, and Young agreed to a merger with Media General in mid-2013. Contributor Gary Arlen is known for his insights into the convergence of media, telecom, content and technology. 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. [23][24], On July 24, 2014, SJL Broadcasting announced that it would sell WJRT-TV and WTVG to Gray, for $128million. 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. Several recipients of Nexstar donations, including Sens. 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. On August 20, KTVE was sold for cash and accounts receivable. 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). The Company purchased KCRG-TV (Cedar Rapids, IA) from The Gazette Company. Gray completes its acquisition of Quincy Media and its sale of ten Quincy stations to Allen Media. Spot TV Forecast: After Political Bonanza In 22, Flat Will Suffice For 23, Top 30 Station Groups: Standard General Leaps Into Second Place With Tegna Acquisition, 13th Annual Women In Technology Awards Reception, Revenue Strategies: Advanced Targeting for Local TV. Fortune Magazine announced that Gray Television ranked 77th in its ranking of the Top 100 Fastest Growing Companies in the World for 2016. Meanwhile, though, Gray has added more local news programs in many markets, effective April 1, as three syndicated shows came to an end. While that is good news and bad news to some degree, its a clear victory for in-house health and political sales teams, and our core stations have done outstanding work in developing this category. The Company announced its purchase of all of the television and radio stations owned by Schurz Communications, Inc. [35][36] At that time, Gray had already acquired Sioux Falls rival station KSFY. FOX CAROLINAS GIVE BLOOD CAROLINA MAKES A BIG DIFFERENCE FOR LOCAL PATIENTS AND THE RED CROSS! John T. Williams named President and Chief Executive Officer. 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. Some analysts believe Sinclair wants to rival Fox News, although officials at Sinclair have rejected those suggestions. 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). Even so, the original tweet, which had accumulated thousands of retweets, remained up and continued to be shared. Mr. Prather resigned from all positions with the Company. 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. Claiming and updating your company profile on Zippia is free and easy. The Company wins 19 Regional Edward R. Murrow Awards for excellence in journalism. Looking first at non-political advertising revenue, it has grown at a steady rate every year since 2009: This segment is somewhat sensitive to the economy but overall has been a GDP+ type growth story (2014 is higher because of acquisitions). 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. During the first two quarters of 2020, on a combined historical basis, our television stations sold $79 million in political ads. Gray Television is known to have a strict drug testing policy. Gray sells divestiture stations from the Quincy Media transaction to Allen Media for $380 million to facilitate its acquisition of Quincy Media. 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. Over the next several decades, the company transformed in parallel to the ever-changing media landscape, expanding with additional newspaper acquisitions and later television stations to eventually became known as Gray Communications Systems. 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