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. 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. Focusing on the four largest segments of the pie, local, national and political refer to advertising dollars. Knowing the political bias of media outlets allows you to consume a balanced news diet and avoid manipulation, misinformation, and fake news. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. Our staff is truly a family that works together to continue the tradition of excellence that defines WTOK and our community. The employee data is based on information from people who have self-reported their past or current employments at Gray Television. During the first two quarters of 2020, on a combined historical basis, our television stations sold $79 million in political ads. The Company purchased WNDU-TV (South Bend, IN) from the University of Notre Dame. Those silent stations would then be sold off to minority interest, pending FCC approval. [37] On May 4, 2017, Gray announced its intent to acquire WCAX-TV in Burlington, Vermont from Mount Mansfield Television for $29million. 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. The Company also acquired Gulflink Communications, Inc., a satellite uplink service. 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. Because of your generous donations, our #HealTheHeartland campaign has raised more than half-a-million dollars to date!" With two interstate highways and a regional airport offering daily jet service flights to a major hub, Meridian is convenient to everywhere.
In fact, the health category is pacing just slight behind auto. Install LED lighting technology across studio complex. Gray names Bob Smith as Chief Operating Officer and Nick Waller as its Chief Administrative Officer. I think it will likely rival, if not exceed, any previous presidential election, the CEO said.
The dress code at Gray Television is business casual. 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. Jacqueline Policastro, the Washington bureau chief for Gray Television, was among those at a special White House dinner after Trump addressed Congress last year. [30][31], In January 2016, Gray Television opened a national news bureau in Washington, D.C., led by former APTV journalist Jacqueline Policastro. Not much. The promo script, they say, belies Sinclair managements actual agenda to tilt reporting to the right. Gray announces its acquisition of Meredith Corporations Local Media Group for $2.7 billion. We are committed to working hard to reduce the construction's impact on the environment. Here is the near term catalyst, we know 2015 will be a down year for political but 2016 will be a dramatically higher year for the presidential election. 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. [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. 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. In 1995, the company moved its stock listing to the New York Stock Exchange. Gray and Meredith amend purchase agreement to increase purchase price to $2.825 billion and make certain other changes favorable to Gray. (January 2nd, 2019). 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. Political advertising will be a big boost to EPS. Governor Miller resigned from the Board of Directors. There was a problem. Please. (Gene) Elder joined the Board of Directors. 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. These records will be broken in 2024, he predicted, but he admitted, It hard for me to put that into context.. In September 2021, Gray Television purchased Doraville-based Third Rail Studios for $27.5 million. Gray Television employees are most likely to be members of the Republican Party. [35][36] At that time, Gray had already acquired Sioux Falls rival station KSFY. Gray is also well diversified across the networks, reducing programming risk. Gray honored with eight National Edward R. Murrow Awards for excellence in journalism by RTDNA. 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. He added that the gambling, home improvement and legal categories also continue to grow. CEO Hilton Howell named President. I am now the local media. ", "Gray Buying Hoak, Prime Stations For $342.5M", "Re: Prime Cities Broadcasting, Inc. Request for Dismissal of Group Application for Assignment of Broadcast Station License(s)". Gray is the largest owner of top-rated local television stations and digital assets in the United States ("U.S."). We are business leaders in our local economies and servant leaders in our communities. To stay at the top we need to work hard every day and hire the right people. We use cookies to ensure that we give you the best experience on our website. It was founded way back in 1897. [33] In February 2019, Gray announced that award-winning journalist Greta Van Susteren has joined the company as its Chief National Political Analyst. The Company acquired WJDM-TV (Panama City, FL) and changed the call letters to WJHG-TV to complement Mr. Gray's initials. The Company changed its name to Gray Communications Systems, Inc. and launched an initial public stock offering . 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. Over the years Gray has done a great job of operating their company. Gray Television, Inc. is an American publicly traded television broadcasting company based in Atlanta, Georgia. Robinson, Robert S. Prather, and Hilton H. Howell, Jr. joined Gray's Board of Directors. Thank you for signing up to Broadcasting & Cable. * To subscribe, you must consent to Futures privacy policy.
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. Employees at the parent company, Gray Television, earn $52,796 whereas employees at KY3 earn $48,178, on average. ft. facility for KEVN and KOTA Stations in Rapid City, South Dakota. [42], On June 25, 2018, Gray Television announced its intent to acquire Raycom Media for $3.65billion, pending regulatory approval. In 2012, Gray covered roughly 6% of US households (which was the same percent in 2008), through acquisition and expansion they now cover 8%. Mansfield Television, Inc. to acquire WCAX (CBS) in Burlington, Vermont-Plattsburgh, New York. [3], In August and September 1996, Gray raised additional operating funds by various means. 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. Harriett J. Robinson joined the Board of Directors. 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. The Company purchased KMVT-TV and KSVT-TV (Twin Falls, ID) from Neuhoff Media. And of course, the four year cycle is different than the two year cycle. The Company acquired WCTV-TV (Tallahassee, FL) and WVLT (formerly WKXT) (Knoxville, TN), as well as satellite and production services and Porta Phone Paging services from John H. Phipps, Inc. Recycled 88 acres of concrete and existing structure on the site when we purchased the property. I learned a great deal of skills in a short period of time. Gray partners with the Salvation Army to produce and broadcast Heal the Heartland to raise money for relief efforts around the massive Midwest tornado. The community has an amazing musical and artistic history that combines the best of a small town atmosphere with the amenities of a much larger city. The data presented on this page does not represent the view of Gray Television and its employees or that of Zippia. The Company acquired WKYT-TV (Lexington, KY) and WYMT-TV (Hazard, KY), at which time their General Manager, Ralph W. Gabbard, joined Gray as Vice President and Chief Operating Officer. In 2013 Wells Fargo provided a valuation analysis for Sinclair's spectrum, valuing it at $2.9 billion, 35% above the companies total market cap at that time. 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. [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. Number two, the primary spending in late 2019 and early 2020 was supercharged by the supposedly irreplaceable spending by candidates Mike Bloomberg and Tom Steyer. Its not only Fox News that covers Trumps back. If you continue to use this site we will assume that you are happy with it. Gray Television is known to have a strict drug testing policy. Sinclair Broadcasting, the largest owner of local TV stations in the U.S., is widely known as a champion of right-wing GOP causes. The new tweet, correcting her mistake, had just 95 retweets at the time of this writing. Senator and Georgia Governor Zell B. Miller joined from the Board of Directors. Our new travel and tourism team is also making meaningful contributions to our sales efforts, said LaPlatney. 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. In addition to network diversification, the business is also well diversified by source of revenue. Campaigns turned much more to broadcast television, he said. 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. Meridian, MS is a place people love to call home. Work from Nielsen shows this mid-single-digit growth continuing. WRDW-TV was purchased in January 1996. Gray announces significant expansion to National Investigative Team. Related: Stations, Networks Eye Boom in Political Ad Spending. David Zaslav, who led the merger with CNN and Discovery, donated over $240,000. 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. 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. They own and operate stations in 44 markets, broadcasting 139 streams including 76 affiliates of. They also don't face any re-contracting risk in 2015 or 2016. The Company merged with Bostick Broadcasting and its television stations, KWTX-TV (Waco, TX), KBTX-TV (Bryan-College Station, TX), and KXII-TV (Sherman, TX). In total, Gray owns and/or operates television stations and leading digital properties across 94 television markets, including the number-one rated television station in 68 markets and the first or second highest rated television station in 86 markets. The Company announced the opening of its Washington D.C. News Bureau. 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. Gray Television, Inc. is an American publicly traded television broadcasting company based in Atlanta, Georgia. Mr. Prather resigned from all positions with the Company. Josh Rultenberg joined the Gray Television Washington News Bureau in July 2022 as a multimedia journalist. Politics begins in local markets, Van Susteren said. Some analysts believe Sinclair wants to rival Fox News, although officials at Sinclair have rejected those suggestions. [15] A new strategy of purchasing stations in college towns or capitals was put into place. 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. With Raycom Media acquiring a station from AFLAC Broadcast Group, Inc., forcing them to sell WITN-TV to Gray, which was finalized on August 1, 1997. The Company agrees to acquire WVIR (NBC) in Charlottesville, Virginia, and to divest television stations WCAV (CBS/FOX) and WVAW (ABC) in that market. Elected to bring all storm water structures above ground instead of underground in vaults allowing for a healthier and more natural flow of the water. Good foot in the door to broadcasting. The Albany Herald converted to a morning publication to serve better the needs of southwest Georgia. They own and operate stations in 44 markets, broadcasting 139 streams including 76 affiliates of the Big Four networks (ABC, CBS, NBC, and Fox). 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. 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). 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. And this growth is likely to persist. We support local community interests by providing quality television broadcasting and exceptional service in each market we serve. And Gray has been introducing its sales training throughout the newly acquired Meredith stations as it did previously with the former Quincy Media stations. [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. Gray Televisions WVUE (FOX, New Orleans, Louisiana) receives three Sigma Delta Chi Awards from The Society of Professional Journalists. 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. 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. 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. 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. Loan covenants could have forced the company into default. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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. 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 Company and NBC enter into TV Everywhere Agreement, and the Company launches all of its CBS stations on the CBS All Access platform. The Company acquired KSNB-TV (Lincoln, NE), and it constructed and launched new HD television stations WRGX-TV (Dothan, AL) and KNPL-TV (North Platte, NE). 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. 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. The Company acquired daily newspaper the Gwinnett Post-Tribune (Lawrenceville, GA). 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. Gray is the largest owner of top-rated local television stations and digital assets in the United States ("U.S."). The company issued and sold Class B common stock (through a public offering), senior subordinated notes and preferred stock in September. Concurrent with the Benedek acquisition, Gray acquired KOLO-TV (Reno, NV) from Smith Television Group, T.L. [13], The company had overpaid for a pair of stations and was over leveraged like many other station groups entering the Great Recession. Gray Television ( NYSE: GTN, NYSE: GTN.A) is a television broadcast company based in Atlanta. In 1991, to break the stalemate, the board of directors had the company purchase 25% of their shares. The Company purchased KEVN-TV/KIVV-TV (Rapid City, SD) from Mission TV, LLC. 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