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. Sinclairs political bent has been a factor in its pending acquisition of Tribune Media. In September 1996 a basket purchase from First American Media, Inc., Gray got two TV stations (WCTV and WVLT-TV), Satellite and Production Business Services, which was renamed Lynqx Communications and PortaPhone paging business. [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. 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. InvestigateTV was launched in 2018 and provides innovative, original journalism from a dedicated investigative team and key partners. The Company also sold WALB-TV (Albany, GA). (January 2nd, 2019). [13] Robinson stepped down with Howell replacing him in 2008. Jon Decker White House Correspondent and Senior National Editor. Robinson, Robert S. Prather, and Hilton H. Howell, Jr. joined Gray's Board of Directors. Grays Emmy award winning production company, Tupelo Honey, celebrates its 25th anniversary. Gray launched WALB-TV in 1954. Robinson, Bull Run's chair, took over as interim CEO and president with Bull Run CEO Robert Prather as interim executive vice-president, acquisitions. You will receive a verification email shortly. We are committed to working hard to reduce the construction's impact on the environment. More alarming,national media outlets are publishing these samefake storieswithout checking facts first. While every two years there are elections, we only get a presidential election every four. They had Gray purchase 14 Benedek Broadcasting stations while that company was in bankruptcy. Just last month, Gray Television Inc. and Raycom Media Inc. announced a $3.6 billion merger that would make them the third-largest TV . Install LED lighting technology across studio complex. In 1991, to break the stalemate, the board of directors had the company purchase 25% of their shares. [49][50], Gray announced on April 24, 2019, a joint venture with Grand Ole Opry Entertainment Group, a subsidiary of Ryman Hospitality Properties, a former owner of The Nashville Network. John Dean (of Watergate notoriety) observed. "Gray Buys Stations in Flint, Toledo For $128M", "TV in the news Channels 24, 13 expanding newscasts; CW13 to replace WT05", Gray Closes on Flint, Toledo Station Buys, "Schurz Communications to sell WSBT and other TV, radio stations", "Gray Acquiring TV, Radio Stations from Schurz for $442.5 Million", "Gray Opens Washington, D.C. News Bureau", "Gray Buying Two Nexstar Spinoffs For $270M", "Gray Buys Nexstar Stations in Green Bay, Davenport", Gray Buys Diversified's Stations in Bangor, Gainesville, "Gray Buying CBS Affil WCAX Burlington, Vt", "Pranksters sued by TV company over morning show antics", "Meet the comedy duo who got sued for pranking the news", "Gray TV to Buy Raycom in $3.65 Billion Deal", "Gray Acquiring Raycom For $3.65B, Forming No. Assume the current net income margin of 10% holds, you get net income of $65 million. In remarks that large shared research data from Kantar Medias Campaign Media Analysis Group(CMAG), which monitors political advertising,LaPlatney summarized the trends of the political arena. The Company announced the promotion of seven Vice Presidents to Senior Vice President, thirteen individuals to Vice President and six additional individuals to new officer positions. The Company changed its name to Gray Television, Inc. Ray Deaver, who formerly oversaw KWTX-TV, KBTX-TV, and KXII-TV joined Gray's Board of Directors. [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 renewed over 250 retransmission consent agreements at year-end with no disruptions to local viewers. Mr. Trump and his shared committees with the R.N.C. On this Wikipedia the language links are at the top of the page across from the article title. And of course, the four year cycle is different than the two year cycle. 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 Television (NYSE:GTN, NYSE:GTN.A) is a television broadcast company based in Atlanta. Gray Television is a group of inspired innovators and thought leaders in the television industry. AllSides Media Bias Chart. 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. Gray closes Hoak deal; completes refinancing. The Company announced that the Singing For Their Supper telethon raised over one million dollars for local food banks through its broadcast one afternoon across 50 of its markets. Total revenue has increased 88% from 2009 to 2014 in almost a straight line. They seem to do a good job building team chemistry and my coworkers seem like nice people. Compared to the last midterms, which occurred in 2018, Gray's management team was estimating that they would bring in roughly $575 million in political advertising in 2022, which was an increase . TIMELINE The Herald Publishing Company was founded with the creation of the Albany Herald in Albany, Georgia. Ballots will include all 435. 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. [13], On July 30, 2009, Gray was awarded a contract to manage seven Young Broadcasting-owned stations. We are business leaders in our local economies and servant leaders in our communities. 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. Gray, The Grand Ole Opry and Circle Network partner for live Opry broadcasts to raise money for Feeding America. 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. * To subscribe, you must consent to Futures privacy policy. Gray Television, Inc. is an American publicly traded television broadcasting company based in Atlanta, Georgia. On theHill.com Gray TV Chairman and CEO Hilton Hatchet Howell, Jr., characterized Full Court Press this way: Our goal is to provide critical information without bias to allow viewers to form their own opinions and reach their own decisions by exploring all sides of a complex issue.. With two interstate highways and a regional airport offering daily jet service flights to a major hub, Meridian is convenient to everywhere. [3], With its additional funds, Gray continued purchasing in 1997 with two announcements in January and February. Gray Television is a television broadcast company headquartered in Atlanta, Georgia. Gray launches its first NextGen TV (ATSC 3.0) station in Tallahassee, Florida. In this Gray TV guide to political ads, we'll break down the federal rules on political advertising. I felt like that job gave me very important skills that Ill take with me in every job to come & be extremely valuable for. ft. facility for KEVN and KOTA Stations in Rapid City, South Dakota. 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 Company purchased KCRG-TV (Cedar Rapids, IA) from The Gazette Company. Senators and Representatives serving their communities. Hilton H. Howell, Jr. named Chief Executive Officer. [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. From community outreach efforts to green initiatives, we are striving to make a meaningful difference in the world in which we live. Grays television stations raise $12.6 million in donations benefiting local residents and local organizations in need during March and April 2020. Politics begins in local markets, Van Susteren said. Between the early 1990s and today, the company was transformed through strategic acquisitions and subtle, yet critical transitions. 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. The price per share dropped to $8. Afsaneh Beschloss, NPR Board of. FOX CAROLINAS GIVE BLOOD CAROLINA MAKES A BIG DIFFERENCE FOR LOCAL PATIENTS AND THE RED CROSS! The Company moved to the New York Stock Exchange (NYSE), trading under the symbol GCS. The dress code at Gray Television is business casual. [52], On February 1, 2021, Gray Television announced its intent to acquire all Quincy Media's broadcasting properties for $925 million in cash. Although not considered to be as openly right-wing as Sinclair Broadcasting which stipulates all outlets must carry conservative political content Gray TV may be Foxifying WCAX a bit. Gray Televisions InvestigateTV receives two first place National Headliner Awards. Gray forms a new sales and sponsorship entity called Gray Sports + Entertainment Sales. As impressive as that $79 million was for the first half of 2020 was, we expect to blow well past that figure for the first half of 2022, Latek said. Subsidiaries to Gray Television include KY3. Gray completes its acquisition of Quincy Media and its sale of ten Quincy stations to Allen Media. Gray will pay $14.50 per share in cash to acquire Meredith. Not much. CNN, the Fox News Channel and MSNBC have not previously said publicly what constitutes acceptable political involvement for their paid commentators, which has made it difficult to know where the. Our new travel and tourism team is also making meaningful contributions to our sales efforts, said LaPlatney. WCAXs catch phrase was once Vermonts Own News station but no more. 1897 The Company launched start-up station WCAV-TV in Charlottesville, VA. Former U.S. His summary confirmed earlier reports on the extraordinary reliance on broadcast political advertising this year, even with the impact of early voting in many states. The 2016 elections will decide the White House, 34 U.S. Senate seats and 12 governorships. Those silent stations would then be sold off to minority interest, pending FCC approval. 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 Companys television stations create an online Local Business Directory for thousands of local companies who remain open for business. But thats precisely why some staffers were so troubled by it. Gray leads fundraising round for Texas-based Envy Gaming. In total they reach 8%+ of US television households as outlined in the graphic below. Barry Lewis, Richard L. Boger and Howell W. Newton joined Gray's Board of Directors, and James H. Gray, Jr. resigned from the Board. If you continue to use this site we will assume that you are happy with it. 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. 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 announces that Greta Van Susteren has joined Gray as Chief National Political Analyst. Gray purchases Third Rail Studios in Doraville, Georgia. [The Mueller investigation later vigorously denied the claim in a court filing]. Gray announces significant expansion to National Investigative Team. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Although the automotive category is struggling, other categories are growing. After the spinoff, the total enterprise value of the transaction for Gray will be $2.7 billion. This brought the company total to $534.5 million in available funds with $409.5 million directly available. 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. James C. Ryan, formerly CFO of Busse Broadcasting Corporation, named Vice President and Chief Financial Officer. Gray Television is ranked #13 on the Best Media Companies to Work For in Georgia list. 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. Gray Television employees are most likely to be members of the Republican Party. . The smarter way to stay on top of broadcasting and cable industry. Gray Television's mission statement is "To include the capability of tuning and decoding over-the-air digital signals by 2007.". Good foot in the door to broadcasting. The entire downtown area has been re-imagined with top tier restaurants, shopping, bars, clubs and a variety of art galleries. They also don't face any re-contracting risk in 2015 or 2016. Gray is a well run-business with a number of near-term tailwinds. 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. 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. Grays Raycom Sports launches Origin Sports Network on the Roku Channel in Canada and XUMO in the United States. [45] The sale was approved by the FCC on December 20, 2018. 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. John Thune, Marsha Blackburn, Amy Klobuchar, and Ted Cruz, sit on the Senate subcommittee tasked with overseeing the FCC. Over the years Gray has done a great job of operating their company. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. 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. Layoffs hit the WCAX newsroom about a year later. 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. The joint venture is based in Nashville under general manager Drew Riefenberger. Gray announces the initiation of a quarterly cash dividend, the first since the Great Recession. Gray consummated its transformative transaction with Raycom Media, Inc., including the divestitures of nine television stations in overlap markets. 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. 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. The Board of Directors unanimously voted to expand the Board by one seat and elected Luis A. Garcia as a Director to fill that position. The services group comprising financial, legal and health is continuing to post strong results, accounting for approximately 29% of our core revenue in Q1, he added. 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. This is a place for dedicated, ambitious team players who pursue meaningful news stories. Didn't like having to work most holidays. 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. The services would consist of a broadcast diginet and an OTT streaming platform. Now some will read that as a "fair" or "full" price. A single Democratic leadership-aligned nonprofit called Majority Forward poured a record-breaking $46 million into 2018 elections from the left. At today's valuation of 17x earnings this accounts for the entire market cap. Hugh E. Norton joined Gray's Board of Directors. 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). [3], In 1998, Gray started to expand beyond its Southeast region. He also confirmed that sports events were a heavy focus, with many [political] advertisers triple spotting during college and NFL football games. He noted that many campaign advertisers ran two spots within a half-hour local newscast and many waived the separation requirements to keep their commercials from being run adjacent to rivals political messages. [3], In 1996, Gray added additional TV stations while entering additional communication industry segments. Through December 31, 2012, Gray would earn $2.2million and an opportunity to earn additional specified incentive fees if certain performance targets were exceeded. Report of unscheduled material events or corporate event. Atlanta businessman J. Mack Robinson purchased control of Gray Communications Systems from the estate of James H. Gray, Sr.Mr. Gray COO Bob Smith noted that there was already some displacement of regular advertisers by political spots in the first quarter. The Company purchased KEVN-TV/KIVV-TV (Rapid City, SD) from Mission TV, LLC. . 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. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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. An experienced investor with more than a decade of experience working at some of the largest asset management organizations, I now focus full time on my personal investments and sharing unique ideas with the online value investing community. 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. Gray currently owns and/or operates television stations and leading digital properties in 113 television markets that collectively reach . Broadcast company based in Nashville under general manager Drew Riefenberger IA ) from estate! [ 3 ], with its additional funds, gray continued purchasing in 1997 with two announcements in January February! A meaningful difference in the first quarter filing ] the third-largest TV ( Cedar,. 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