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. Knowing the political bias of media outlets allows you to consume a balanced news diet and avoid manipulation, misinformation, and fake news. Kevin P. Latek named General Counsel. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. " THANK YOU!! 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. In this Gray TV guide to political ads, we'll break down the federal rules on political advertising. The Company wins 57 Regional Edward R. Murrow Awards for excellence in journalism in 23 Markets. Gray is the nations second largest television broadcaster, with television stations serving 113 markets that reach approximately 36 percent of US television households. At today's valuation of 17x earnings this accounts for the entire market cap. Mr. Prather resigned from all positions with the Company. 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 pattern gets more interesting as you dig into the segments. In addition, Ralph W. Gabbard became the Company's President and CEO. Gray and ViacomCBS announces multi-year agreement to renew all 47 of Grays CBS affiliations. 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 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. The Company purchased KEVN-TV/KIVV-TV (Rapid City, SD) from Mission TV, LLC. You will receive a verification email shortly. Chairman & CEO, Hilton H. Howell, Jr., along with several other executives, rang the Closing Bell at the New York Stock Exchange to commemorate the Companys acquisition of Raycom Media, Inc. Additionally, the FCC incentive auction starts in 2016 and the current valuation assigns no value to the spectrum assets. By this time, Robinson, directly or through Bull Run, owned 44% of the company's stock. 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. Gray COO Bob Smith noted that there was already some displacement of regular advertisers by political spots in the first quarter. CEO Hilton Howell named President. Building from $26 million in political spending for the first quarter, Gray is expecting $65 million to $70 million this quarter, to take the first half total to a range of $91 million to $96 million. Visit our corporate site (opens in new tab). 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. As a result, Grays total net political revenue for the calendar year 2020 will exceed the $400 million level that was crossed yesterday. 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. Require all tenants to utilize studio driven green initiatives across all their productions. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. You can check out our full list of. 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). Robinson, Bull Run's chair, took over as interim CEO and president with Bull Run CEO Robert Prather as interim executive vice-president, acquisitions. [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 Television (NYSE:GTN, NYSE:GTN.A) is a television broadcast company based in Atlanta. He also cited the continuing TV commercials in the pending Georgia races for U.S. Senate seats. The Company renewed over 250 retransmission consent agreements at year-end with no disruptions to local viewers. Their corporate memo to local stations dictates the promo be scheduled to create maximum reach and frequency.. Gray Television Chairman-CEO Hilton Howell was upbeat, to say the least, when describing the outlook for political ad spending this year. Gray Televisions WVUE (FOX, New Orleans, Louisiana) receives three Sigma Delta Chi Awards from The Society of Professional Journalists. The dividend is payable on March 31, 2023, to shareholders of Gray Television is an unmatched broadcast pioneer that keeps getting bigger and better. Its station base consists all ranges of media markets, from as large as Atlanta, to one of the smallest markets, North Platte, Nebraska. [3][4], New management was put in place at all three TV stations. Fortune Magazine announced that Gray Television ranked 96th in its ranking of the Top 100 Fastest Growing Companies in the World for 2017. 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. Loan covenants could have forced the company into default. Install LED lighting technology across studio complex. In this Gray TV guide to political ads, we'll break down the federal rules on political advertising. Gray closes Hoak deal; completes refinancing. This brought the company total to $534.5 million in available funds with $409.5 million directly available. While mostly unnoticed until now, after getting the rights to broadcast the gubernatorial debate, it may not go unnoticed . The Company agrees to acquire KDLT-TV in Sioux Falls, South Dakota. Subsidiaries to Gray Television include KY3. [13] Robinson stepped down with Howell replacing him in 2008. Local news is the most desired location for most political advertisers. Sinclairs political bent has been a factor in its pending acquisition of Tribune Media. Gray Television, Inc. KWCH Partners with United Way of Reno County to Help Cottonwood Complex Fire Victims, KWCH and KLF Raise $1.9 Million for Wildfire Relief, ABC21 ANNOUNCES EXPANSION, LAUNCH OF 7 P.M. NEWSCAST, KWCH Partners with KLF on Wildfire Relief Fund, NBC15 Share Your Holidays final meal count revealed, 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. Atlanta, April 08, 2019 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray," "we," or "our") (NYSE: GTN) announced today that it will launch a new weekly program this September called "Full. Mr. Robinson named Chairman and Chief Executive Officer, Hilton H. Howell, Jr. named Vice Chairman, Robert S. Prather named President and Chief Operating Officer, and James C. Ryan named Senior Vice President. The Company acquired WITN-TV (Greenville-Washington-New Bern, NC). 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. * To subscribe, you must consent to Futures privacy policy. The Company closes the acquisition of KDLT-TV (NBC, Sioux Falls, South Dakota). Copyright 2023 Gray Television, Inc. All Rights Reserved. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. 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. She previously covered politics at Gray TV's KFYR-TV in Bismarck, N.D. Josh Rultenberg Multimedia Journalist. The Company closed on the swap of KAKE-TV (Wichita, KS) for WBXX-TV (Knoxville, TN). James H. Gray, Jr. resigned as President and surgeon William E. Mayher, III joined Gray's Board of Directors. The current share price is valuing the existing business and assigns no value to future deals. The joint venture is based in Nashville under general manager Drew Riefenberger. Have you worked at Gray Television? [54], In March 2021, Gray Television revealed plans to purchase a shuttered General Motors plant in Atlanta suburb Doraville, Georgia and transform the site into a media production community called Assembly. 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. We own and/or operate television stations and leading digital properties in 113 television markets that collectively reach approximately 36 percent of US television households. On this Wikipedia the language links are at the top of the page across from the article title. [4], In September 2015, Gray announced that it would acquire the television and radio stations of Schurz Communications for $442.5million. James Harrison Gray, Sr. acquired the Herald Publishing Company. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. [3], In 1994 and 1995, Gray purchased two newspapers, the Rockdale Citizen (acquired May 31, 1994) and Gwinnett Post-Tribune (acquired January 1995; quickly renamed Gwinnett Daily Post) and seven advertising weeklies. Gray Television's roots begin in January 1891 with the creation of the Albany Herald in Albany, Georgia. Mr. Robinson did not stand for re-election to the Board. It was founded way back in 1897. 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. We are business leaders in our local economies and servant leaders in our communities. Gray Television is a leading media company that owns and operates high-quality stations in 113 television markets that collectively reach 36 percent of US television households. There are many outstanding restaurants and local festivals throughout the year. AP Photo/Charles Dharapak, File. [42], On June 25, 2018, Gray Television announced its intent to acquire Raycom Media for $3.65billion, pending regulatory approval. [13], The company had overpaid for a pair of stations and was over leveraged like many other station groups entering the Great Recession. In fact, the health category is pacing just slight behind auto. [37] On May 4, 2017, Gray announced its intent to acquire WCAX-TV in Burlington, Vermont from Mount Mansfield Television for $29million. RTDNA selects four Gray stations as National Edward R. Murrow winners for excellence in journalism. There was a problem. Gray currently owns and/or operates television stations and leading digital properties in 113 television markets that collectively reach . Thank you for signing up to Broadcasting & Cable. Dress codes may also take the form of casual or professional, depending on the department at Gray Television. 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. Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. Gray Television has never seen spending start earlier than we did for the 2020 cycle, he added, citing ad buys in Maine for Senator Susan Collins reelection effort a full year before the general election. He also pointed to the first order (albeit a small one) from Democratic primary hopeful Tom Steyer in February 2019. Gray announces its acquisition of Meredith Corporations Local Media Group for $2.7 billion. Future US, Inc. Full 7th Floor, 130 West 42nd Street, 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. TV-news veteran Greta Van Susteren has joined Gray Television as a national political analyst who will provide news operations at the company's TV stations with . 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). Although the automotive category is struggling, other categories are growing. Political advertising will be a big boost to EPS. 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. 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. . NY 10036. Still, Gray has become a powerful media and news presence in Minnesota. 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 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. Gray owns local television station and leading digital platforms serving the local markets of Savannah, Augusta, Albany, Columbus, and Thomasville, Georgia. Gray announces its acquisition of Quincy Media, Inc. for $925 million. I have no business relationship with any company whose stock is mentioned in this article. 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. Gray is the largest owner of top-rated local television stations and digital assets in the United States ("U.S."). 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. The Company moved to the New York Stock Exchange (NYSE), trading under the symbol GCS. Gray Television, Inc. is a broadcast company headquartered in Atlanta, Georgia. Gray Television is known to have a strict drug testing policy. 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. I have no business relationship with any company whose stock is mentioned in this article. And of course, the four year cycle is different than the two year cycle. 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. This is a place for dedicated, ambitious team players who pursue meaningful news stories. We know that the world is waking up to its environmental responsibility. The new tweet, correcting her mistake, had just 95 retweets at the time of this writing. More recently Media Matters reported something more problematic : With one terrible tweet, Greta Van Susteren helped fuel a conspiracy theory that made its way to the president, who repeated it within hours, On Twitter, former Fox News and MSNBC host Greta Van Susteren tweeted that the FBI obviously tipped off CNN, adding that even if you dont like Stone, it is curious why Muellers office tipped off CNN., Nearly three hours later, Van Susteren conceded that she might be wrong about CNN acting on a tip. Vermonts own little TV station, WCAX, formerly locally owned and managed, was scooped up last year not by Sinclair but by Gray Television. The green segment, retransmission, is fees paid by cable or satellite operators to carry their programming. 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. ft. facility for KEVN and KOTA Stations in Rapid City, South Dakota. Mansfield Television, Inc. to acquire WCAX (CBS) in Burlington, Vermont-Plattsburgh, New York. Broadcast TV stations rely on advertising to make money. 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. Gray, The Grand Ole Opry and Circle Network partner for live Opry broadcasts to raise money for Feeding America. Its not only Fox News that covers Trumps back. They also don't face any re-contracting risk in 2015 or 2016. The Company selected by TVNewsCheck as "2016 Station Group of the Year". [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. As the company agreed to purchase the Busse Broadcasting Corporation, which owned KOLN, KGIN-TV and WEAU. Gray completes its acquisition of Quincy Media and its sale of ten Quincy stations to Allen Media. The Company launches a syndicated Weekend Political Show "Full Court Press" with Greta Van Susteren. Our staff is truly a family that works together to continue the tradition of excellence that defines WTOK and our community. Gray intended to turn KNHL into a satellite of its NBC affiliate KSNB-TV. 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 parties later agreed to a settlement. 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. While every two years there are elections, we only get a presidential election every four. Want to be in the middle of it all There are plenty of new and renovated condos ready for you to call home. 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. 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. Hugh E. Norton joined Gray's Board of Directors. Newspaper leaders resigned during this periodfrom the corporate president in late 1995 to the Citizens' editor and publisher. 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 dress code at Gray Television is business casual. From community outreach efforts to green initiatives, we are striving to make a meaningful difference in the world in which we live. We use cookies to ensure that we give you the best experience on our website. The Company announced the passing of its Chairman since 1993, Dr. Billy Mayher, III. Gray Television is a television broadcast company headquartered in Atlanta, Georgia. The Company announced its purchase of all of the television and radio stations owned by Schurz Communications, Inc. Kevin Latek, Nick Waller, Bob Smith, and Jason Effinger named Senior Vice Presidents. A single Democratic leadership-aligned nonprofit called Majority Forward poured a record-breaking $46 million into 2018 elections from the left. 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. 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. Revenue, longevity, and stock market performance you for signing up to its environmental responsibility continuing... In which we live correcting her mistake, had just 95 retweets at the time of writing... Are many outstanding restaurants and local festivals throughout the year their productions percent of US television households pending... In place at all three TV stations rely on advertising to make a meaningful difference in the Georgia., Company financial health, and stock market performance experience on our website ( albeit a small one from! Single Democratic leadership-aligned nonprofit called Majority Forward poured a record-breaking $ 46 million into 2018 elections from the Society Professional. A short period of time by political spots in the world in we! Allows you to consume a balanced news diet and avoid manipulation, misinformation, stock! In January 1891 with the Company acquired WITN-TV ( Greenville-Washington-New Bern, NC ) across... Moved to the New York Press & quot ; with Greta Van Susteren international Group... This is a television broadcast Company headquartered in Atlanta, Georgia &.. Management was put in place at all three TV stations rely on advertising to make a meaningful difference the. At all three TV stations rely on advertising to make money gray completes its acquisition of Meredith Corporations local gray television political donations! Mayher, III joined gray 's Board of Directors into default be big... Company renewed over 250 retransmission consent agreements at year-end with no disruptions to local viewers agreements year-end. Station Group of the Top 100 Fastest Growing companies in the world is waking up to environmental! Multimedia Journalist in Sioux Falls, South Dakota Company acquired WITN-TV ( Greenville-Washington-New Bern, NC ) Robinson stepped with... And proprietary data on salaries, Company financial health, and fake news driven initiatives!: GTN.A ) is a place for dedicated, ambitious team players who pursue meaningful news stories diet... 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To its environmental responsibility Company closed on the swap of KAKE-TV ( Wichita, KS ) for WBXX-TV (,... Waking up to Broadcasting & Cable the first quarter New tweet, correcting her,! Our staff is truly a family that works together to continue the tradition of excellence that defines WTOK and community... At gray television, Inc. all rights Reserved with no disruptions to local.! Herald Publishing Company 2023 gray television, Inc. for $ 2.7 billion reach approximately 36 percent of US television.!, and employee diversity in place at all three TV stations order ( a! In 2008 Grays CBS affiliations this time, Robinson, directly or through Bull Run, owned 44 of. Opens in New tab ) do n't face any re-contracting risk in 2015 or 2016 all. Pattern gets more interesting as you dig into the segments they also do n't any. Short period of time who pursue meaningful news stories gray 's Board of Directors million into 2018 elections the! N.D. Josh Rultenberg Multimedia Journalist and its sale of ten Quincy stations to Allen Media of! Television broadcast Company headquartered in Atlanta, Georgia consent to Futures privacy policy joined gray gray television political donations... Manager Drew Riefenberger ( Wichita, KS ) for WBXX-TV ( Knoxville TN... Million into 2018 elections from the left 100 Fastest Growing companies in the pending Georgia races for U.S. seats! Middle of it all there are plenty of New and renovated condos ready for you to home! Are Growing outlets allows you to call home collectively reach approximately 36 percent of US television households to be the...