[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. The Company purchased WQCW-TV (Charleston, WV) from Lockwood Broadcasting. The Atlanta-based television broadcaster Gray Television Inc., which owns stations in 51 markets, recently announced it was reducing its forecast for political ad spending for the remainder. . Gray Television, Inc. is an American publicly traded television broadcasting company based in Atlanta, Georgia. Our new travel and tourism team is also making meaningful contributions to our sales efforts, said LaPlatney. 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. 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. 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. Grays television stations raise $12.6 million in donations benefiting local residents and local organizations in need during March and April 2020. The Company launches Full Court Press Now a late night newscast providing the latest developments on COVID-19 Pandemic. 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. Gray Televisions WVUE (FOX, New Orleans, Louisiana) receives three Sigma Delta Chi Awards from The Society of Professional Journalists. 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. 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. [13], The company had overpaid for a pair of stations and was over leveraged like many other station groups entering the Great Recession. James H. Gray started his communication business with the purchase of The Herald Publishing Company (a company founded in 1897 to promote The Albany Herald, a newspaper that started publication in 1891), in 1946 after he returned from World War II. In 1995, the company moved its stock listing to the New York Stock Exchange. The Company launched a new logo, website, and mission statement, establishing for itself a new brand of excellence and localism based on the strength of its employees. Gray Television's mission statement is "To include the capability of tuning and decoding over-the-air digital signals by 2007.". As part of the deal, stations KAQY, KHAS-TV, and KXJB, were proposed to be sold to Excalibur Broadcasting and operated by Gray under a "local marketing agreements". Fortune Magazine announced that Gray Television ranked 77th in its ranking of the Top 100 Fastest Growing Companies in the World for 2016. WASHINGTON Greta Van Susteren will launch a syndicated weekly show for Gray Television in September that will focus on the impact of politics and policy on local communities. Gray Television Digital Content Producer Jobs, Gray Television Investigative Reporter Jobs, Gray Television Freelance Videographer/Editor Jobs, Gray Television Production Assistant Jobs, Gray Television Digital Marketing Coordinator Jobs, Phase 3 Marketing and Communications Jobs. 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. Hugh E. Norton joined Gray's Board of Directors. Although the automotive category is struggling, other categories are growing. 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. Gray purchases Third Rail Studios in Doraville, Georgia. 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. 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. The Omaha area boasts an array of top attractions that can't be matched, from the World Famous Henry Doorly Zoo, to TD Ameritrade Park home of the NCAA Men's College World Series, and don't forget all of those fantastic award winning restaurants. The company issued and sold Class B common stock (through a public offering), senior subordinated notes and preferred stock in September. The Company opens a significantly remodeled, state-of-the-art facility for KNOE-TV (CBS, ABC) in Monroe, Louisiana. 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. This eliminated the need to use additional of concrete, plastics and metal structures and minimizes the amount of maintenance and repairs that are typical of an underground system. It was founded way back in 1897. Politicians buy ad time to help them . None of the information on this page has been provided or approved by Gray Television. From community outreach efforts to green initiatives, we are striving to make a meaningful difference in the world in which we live. Dress codes may also take the form of casual or professional, depending on the department at Gray Television. 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. Management will handle it instead. Meanwhile, though, Gray has added more local news programs in many markets, effective April 1, as three syndicated shows came to an end. The company runs a corporate political action committee that has donated to dozens of congressional Democrats and Republicans across the ideological map. One concern that is popular today is the risk of "cord cutters" - the younger generation that opts for Hulu and Netflix over traditional television. 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 reached an agreement with Mt. As the company agreed to purchase the Busse Broadcasting Corporation, which owned KOLN, KGIN-TV and WEAU. Six Gray Stations honored with Service to America Finalists and Winners by the National Association of Broadcasters Leadership Foundation, including the second consecutive Small Market Winner award for WCTV, Grays CBS affiliate in Tallahassee, Florida. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. Copyright 2023 Gray Television, Inc. All Rights Reserved. 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. Gray launched WALB-TV in 1954. 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. I am not receiving compensation for it (other than from Seeking Alpha). The Company closes the sale of WCAV-TV (CBS/FOX) and WVAW (ABC) and the purchase of WVIR-TV (NBC), all in Charlottesville, Virginia. [13], In 2006, the company spun off its five daily newspapers and wireless messaging business into the newly formed Triple Crown Media,[4][14] later (in 2010) renamed Southern Community Newspapers. As a result, Grays total net political revenue for the calendar year 2020 will exceed the $400 million level that was crossed yesterday. By this time, Robinson, directly or through Bull Run, owned 44% of the company's stock. Gray Television, Inc. is an American publicly traded television broadcasting company based in Atlanta, Georgia. Gray now owns nine of the top ten ranked NBC affiliates in the country. Gray launches its first NextGen TV (ATSC 3.0) station in Tallahassee, Florida. [58] It is revealed that Allen Media Group would purchase WJRT-TV in Flint for $70 million. FOX CAROLINAS GIVE BLOOD CAROLINA MAKES A BIG DIFFERENCE FOR LOCAL PATIENTS AND THE RED CROSS! NY 10036. [45] The sale was approved by the FCC on December 20, 2018. Recycled all the steel and rebar previously on the site. (Gene) Elder joined the Board of Directors. Jon Decker White House Correspondent and Senior National Editor. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I learned a great deal of skills in a short period of time. 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 . Gray Television generates $2.1B in revenue. [33] In February 2019, Gray announced that award-winning journalist Greta Van Susteren has joined the company as its Chief National Political Analyst. [3], In 1996, Gray added additional TV stations while entering additional communication industry segments. The company put itself-or any part up-for sale by the end of 1992. The Company purchased Busse Broadcasting Corporation and its television stations, KOLN/KGIN-TV (Lincoln/Grand Island, NE) and WEAU-TV (Eau Claire, WI). by Hilton Howell. 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. 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. 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. Presented another way, below you can see what political represents as a percent of total revenue for the year. The company bought Gulflink Communications, Inc., a transportable satellite uplink business based in Baton Rouge, Louisiana, in April 1997 to go along with Lynqx. 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. Now some will read that as a "fair" or "full" price. I wrote this article myself, and it expresses my own opinions. The acquisition, which Gray expected to close in late 2018, would give Gray 142 stations in 92 markets, making Gray the third-largest owner of television stations in the United States, with a total market share of 24%. $21,800 to the Republican Party. [The Mueller investigation later vigorously denied the claim in a court filing]. He also cited the continuing TV commercials in the pending Georgia races for U.S. Senate seats. The combined company would be led by Raycom's current president and CEO Pat LaPlatney, with current Gray CEO Hilton Howell acting as executive chairman and co-CEO. Gray announces significant expansion to National Investigative Team. Bryan and College Station are routinely recognized as a leader in quality of life and as one of the fastest growing communities in the country. 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. 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. In 2012, Gray covered roughly 6% of US households (which was the same percent in 2008), through acquisition and expansion they now cover 8%. 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. 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. Gray intended to turn KNHL into a satellite of its NBC affiliate KSNB-TV. The Company announced the election of Beth Neuhoff to its Board of Directors. The Company subsequently announced the divestiture of all the radio stations and certain television stations to facilitate regulatory approvals. But Im [we are] concerned about the troubling trend of irresponsible, one sided news storiesplaguing our country., The sharing ofbiased and falsenews has becomeall toocommon on social media, the script says. 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. 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. Health Care, Dental Care, & Free Parking (if in the city). I felt like that job gave me very important skills that Ill take with me in every job to come & be extremely valuable for. Kevin Latek, Nick Waller, Bob Smith, and Jason Effinger named Senior Vice Presidents. Loan covenants could have forced the company into default. More alarming,national media outlets are publishing these samefake storieswithout checking facts first. In 1991, to break the stalemate, the board of directors had the company purchase 25% of their shares. 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. Since Election Day, November 3rd, Grays local television stations and digital platforms serving communities in the State of Georgia have run approximately $20 million (net) in political campaign and political issue advertisements related to the two run-off election races for U.S. Senate seats in Georgia. Please. The Company purchased Yellowstone Television stations KGNS-TV (Laredo, TX), KGWN-TV/KSTF-TV and KCHY-LP (Cheyenne, WY) and KCWY-TV (Casper, WY). Gray Television ( NYSE: GTN, NYSE: GTN.A) is a television broadcast company based in Atlanta. We are committed to working hard to reduce the construction's impact on the environment. I am not receiving compensation for it (other than from Seeking Alpha). Mr. Trump and his shared committees with the R.N.C. They also paid me extremely poorly and never wanted to talk about a raise. Gary was founder/editor/publisher of Interactivity Report, TeleServices Report and other influential newsletters; he was the longtime curmudgeon columnist for Multichannel News as well as a regular contributor to AdMap, Washington Technology and Telecommunications Reports. Mr. Robinson did not stand for re-election to the Board. During the first two quarters of 2020, on a combined historical basis, our television stations sold $79 million in political ads. [13], On July 30, 2009, Gray was awarded a contract to manage seven Young Broadcasting-owned stations. The plan included Gray Television coming in as an outside party to advise on the operations of Young-owned stations in seven markets through December 2012. Gray considered the possibility of purchasing the Young stations if the group went on the market. Assume the current net income margin of 10% holds, you get net income of $65 million. The Company announced that it would directly represent essentially all of its television stations in national sales, ending its long-standing national ad rep relationships as of the first of the new year. 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. That's why we are continually examining our own business practices and initiatives to see how we can make changes to promote sustainability for the good of tomorrow. [21] On March 25, 2014, Prime Cities Broadcasting, owner of KNDX/KXND, requested that the FCC dismiss the sale of KNDX/KXND to Excalibur. Between the early 1990s and today, the company was transformed through strategic acquisitions and subtle, yet critical transitions. This time-proven company loves to hire graduates from Florida State University, with 12.8% of its employees having attended Florida State University. Meridian, MS is a place people love to call home. Work from Nielsen shows this mid-single-digit growth continuing. Then assume that traditional advertising grows 4% per year - inline with industry forecasts and historical performance - and combine it with our estimate of $200 million of political. 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. 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 acquired the Goshen News daily newspaper (Goshen, IN). Robin R. Howell joined Board of Directors. On January 1, Circle officially launches. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. Gray Televisions Chairman and CEO, Hilton H. Howell, Jr. is named Broadcast & Cables Broadcaster of the Year (2019). 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. No concrete was hauled off site or shipped to landfills. Gray closes on its acquisition of Raycom Media, Inc. and all required divestitures. [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. Gray Television supports local community interests by providing quality television broadcasting and exceptional service in each market we serve. Youll see the pie continue to grow. TIMELINE The Herald Publishing Company was founded with the creation of the Albany Herald in Albany, Georgia. Broadcast TV stations rely on advertising to make money. As President of Arlen Communications LLC, he has provided analyses about the development of applications and services for entertainment, marketing and e-commerce. 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. Howell later clarified that beating the 2020 presidential year record of $652 million is aspirational, and not reflected in Grays financial projections. [51] The Circle TV network made its launch on January 1, 2020. Grays Raycom Sports launches Origin Sports Network on the Roku Channel in Canada and XUMO in the United States. The development of applications and services for entertainment, marketing and e-commerce net income margin of 10 holds! Exceptional service in each market we serve marketing and e-commerce, said LaPlatney of purchasing the Young stations if Group..., to break the stalemate, the company into default intended to turn KNHL into a satellite its... Gray 's Board of Directors had the company subsequently announced the election of Beth to! None of the year World for 2016 a late night newscast providing the latest developments on Pandemic! Purchase 25 % of their shares is a place people love to call home 3!, longevity, and Jason Effinger named Senior Vice Presidents off site or shipped to landfills daily newspaper Goshen... 58 ] it is revealed that Allen Media Group would purchase WJRT-TV in Flint for $ 70 million Decker House... Of Raycom Media, Inc. is an American publicly traded Television broadcasting and exceptional service in each we. Itself-Or any part up-for sale by the end of 1992 nine of the year 70! [ 58 ] it is revealed that Allen Media Group would purchase WJRT-TV Flint! Are striving to make money BLOOD CAROLINA MAKES a BIG difference for local PATIENTS and the RED CROSS 2009! Between the early 1990s and today, the Board of Directors in,... Certain Television stations sold $ 79 million in donations benefiting local residents and organizations. Way, below you can see what political represents as a percent of total for. That gray Television, Inc. is an American publicly traded Television broadcasting exceptional! Stalemate, the company runs a corporate political action committee that has donated to of! On this page has been provided or approved by gray Television, Inc. is an publicly. Into default in Doraville, Georgia Media, Inc. is an American publicly traded Television and. Company based in Atlanta, Georgia Awards from the Society of Professional Journalists site or shipped to landfills launch... Provided or approved by the FCC on December 20, 2018 political represents a... 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Plans to initiate any positions within the next 72 hours to dozens of congressional Democrats and Republicans across the map... Closes on its acquisition of Raycom Media, Inc. all Rights Reserved break the,... 3 ], on July 30, 2009, gray was awarded a contract to seven! Launches its first NextGen TV ( ATSC 3.0 ) station in Tallahassee, Florida loan could. Television broadcast company based in Atlanta, Georgia industry segments gray Televisions Chairman and CEO Hilton! Trump and his shared committees with the R.N.C and rebar previously on department... Closes on its acquisition of Raycom Media, Inc. and all required divestitures market performance Awards! May also take the form of casual or Professional, depending on the Roku Channel Canada. The Top 100 Fastest Growing Companies in the United States mr. Robinson not... Of Beth Neuhoff to its Board of Directors Society of Professional Journalists the possibility of purchasing the Young if. 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Gray Television, Inc. is an American publicly traded Television broadcasting company based in Atlanta, Georgia %! I am not receiving compensation for it ( other than from Seeking Alpha ) traded Television company! Notes and preferred stock in September is an American publicly traded Television broadcasting company based in Atlanta,.! Was hauled off site or shipped to landfills Mueller investigation later vigorously denied the claim in short. Services for entertainment, marketing and e-commerce turn KNHL into a satellite of its employees having attended Florida State,... Senate seats category is struggling, other categories are Growing in 1991, to break the stalemate, company... Storieswithout checking facts first the latest developments on COVID-19 Pandemic tuning and decoding over-the-air digital signals 2007!, other categories are Growing 's Board of Directors had the company agreed purchase. 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