The twin cities have a unique small town feeling, but offers big city amenities, including a vibrant arts community, a city-wide, all-terrain trail system and world-class dining and nightlife. The Herald Publishing Company was founded with the creation of the Albany Herald in Albany, Georgia. Concurrent with the Benedek acquisition, Gray acquired KOLO-TV (Reno, NV) from Smith Television Group, T.L. 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. There are many outstanding restaurants and local festivals throughout the year. Gray closes Hoak deal; completes refinancing. 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. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. Gray Television's mission statement is "To include the capability of tuning and decoding over-the-air digital signals by 2007.". 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 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. [13], The company had overpaid for a pair of stations and was over leveraged like many other station groups entering the Great Recession. The show, R Gray closes on its acquisition of Raycom Media, Inc. and all required divestitures. During that period, Gray Television divested all the newspapers and television stations that it owned prior to 1993 other than WJHG. The Company reached an agreement with Withers Broadcasting Company to acquire WDTV (CBS) and WVFX (FOX/CW) in Clarksburg, West Virginia. 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. 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. In response to questions about the role of NextGen TV (also known as ATSC 3.0), LaPlatney said he expects it to have a significant effect, citing the IP-based format for its ability to provide better targeting and click-to-donate options. [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. [53] Gray's acquisition of Quincy Media was completed on August 2. Total revenue has increased 88% from 2009 to 2014 in almost a straight line. Layoffs hit the WCAX newsroom about a year later. The Company announced record-setting audience rankings during the November 2017 sweeps period conducted by the Nielsen Company. It's not just Sinclair that is consolidating, however. In this Gray TV guide to political ads, we'll break down the federal rules on political advertising. Through December 31, 2012, Gray would earn $2.2million and an opportunity to earn additional specified incentive fees if certain performance targets were exceeded. If approved, Gray would sell WJRT-TV to acquire competing station WNEM-TV, owned by Meredith. 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 Company reached an agreement with Diversified Communications to acquire WABI (CBS/CW) in Bangor, Maine and WCJB (ABC/CW) in Gainesville, Florida. The Company purchased KEVN-TV/KIVV-TV (Rapid City, SD) from Mission TV, LLC. The Company announced that KSFY-TV will begin broadcasting from its new downtown state-of-the-art Sioux Falls Studio. 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 shifts as well as grow, thrive and deliver positive impact to those around us. The Company closed on the swap of KAKE-TV (Wichita, KS) for WBXX-TV (Knoxville, TN). Gray Television, Inc. is an American publicly traded television broadcasting company based in Atlanta, Georgia. Fortune Magazine announced that Gray Television ranked 77th in its ranking of the Top 100 Fastest Growing Companies in the World for 2016. Gray launches its first NextGen TV (ATSC 3.0) station in Tallahassee, Florida. Grays Raycom Sports launches Origin Sports Network on the Roku Channel in Canada and XUMO in the United States. 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. Meanwhile, though, Gray has added more local news programs in many markets, effective April 1, as three syndicated shows came to an end. Howell later clarified that beating the 2020 presidential year record of $652 million is aspirational, and not reflected in Grays financial projections. 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. 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. The smarter way to stay on top of broadcasting and cable industry. Please disable your ad-blocker and refresh. * To subscribe, you must consent to Futures privacy policy. Now some will read that as a "fair" or "full" price. [55][56] The "studio city" is set to include multiple film studios, as well as apartments, townhomes, a hotel, corporate offices, restaurants and retail space. [46][47][48] The deal was completed on January 2, 2019. At today's valuation of 17x earnings this accounts for the entire market cap. He said that its stations in Charlotte and Cleveland will launch NextGen TV transmissions in 2021 and hes looking forward to the competitive advantages we never had before.. You can check out our full list of. The new tweet, correcting her mistake, had just 95 retweets at the time of this writing. The Company revives the daily tradition of airing the National Anthem by its stations each morning. In 1991, to break the stalemate, the board of directors had the company purchase 25% of their shares. " THANK YOU!! Those silent stations would then be sold off to minority interest, pending FCC approval. 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. The green segment, retransmission, is fees paid by cable or satellite operators to carry their programming. Gray Television's roots begin in January 1891 with the creation of the Albany Herald in Albany, Georgia. The Company acquired the Goshen News daily newspaper (Goshen, IN). Gary has taught media-focused courses on the adjunct faculties at George Mason University and American University and has guest-lectured at MIT, Harvard, UCLA, University of Southern California and Northwestern University and at countless media, marketing and technology industry events. [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. 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. In total they reach 8%+ of US television households as outlined in the graphic below. The Company acquired daily newspapers The Rockdale Citizen (Conyers, GA) and The Newton Citizen (Newton County, GA), plus four weekly advertising shoppers and a weekly newspaper in southwest Georgia. A study by Gfk in 2013 found that 19.3% of homes were using an antenna rather than pay for television, up from 17.8%. The Company reached an agreement with Mt. This brought the company total to $534.5 million in available funds with $409.5 million directly available. 1897 Gray owns local television station and leading digital platforms serving the local markets of Savannah, Augusta, Albany, Columbus, and Thomasville, Georgia. [3], With its additional funds, Gray continued purchasing in 1997 with two announcements in January and February. 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. The 2016 elections will decide the White House, 34 U.S. Senate seats and 12 governorships. This trend is a large risk for cable companies or cable media companies but Gray will continue to capture these households whether it's through retransmission or directly through an antenna. The Company announced the passing of its Chairman since 1993, Dr. Billy Mayher, III. 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. David Zaslav, who led the merger with CNN and Discovery, donated over $240,000. [4], In September 2015, Gray announced that it would acquire the television and radio stations of Schurz Communications for $442.5million. 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. Mr. Trump and his shared committees with the R.N.C. 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. 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. 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. Gray expands its Washington DC news team adding two senior journalists - Jon Decker joins as Senior National Editor and White House Correspondent and investigative reporter Sandra Jones joins Investigate TV. Gray Television is a group of inspired innovators and thought leaders in the television industry. 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. He writes regularly about trends and media/marketing for the Consumer Technology Association's i3 magazine plus several blogs. For those not familiar with her, Van Susteren spent 14years as a prime-time FoxNews host replaced by Tucker Carlson in 2016.Then in 2017 she was on MSNBC but was dropped after six months. The Company announced that it anticipated receiving $90,824,000 in proceeds resulting from the Federal Communications Commissions reverse auction for broadcast spectrum. Gray announces that it has entered into agreements with the ABC network, CBS network and NBC network that extend the terms of the affiliation agreements for all ABC, CBS and NBC affiliated stations acquired in the Raycom Merger as well as the ABC affiliations for all of the legacy Gray stations. The company was considered in 1996 by Fortune magazine as the 81st fastest growing company, having a 48% percent growth rate. It also purchased WRDW-TV (Augusta, GA) and sold KTVE-TV (Monroe, LA/El Dorado, AK). 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. 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. Gray purchases Third Rail Studios in Doraville, Georgia. Gray Television is a television broadcast company headquartered in Atlanta, Georgia. Circle is a Country lifestyle network joint venture with partner Opry Entertainment Group, a subsidiary of Ryman Hospitality Properties. Latek had earlier spelled out just how much political demand is up this year. As the company agreed to purchase the Busse Broadcasting Corporation, which owned KOLN, KGIN-TV and WEAU. 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. The company issued and sold Class B common stock (through a public offering), senior subordinated notes and preferred stock in September. Omaha is also popular for our booming downtown which is home to a revitalized riverfront and the Historic Old Market. Both Senate candidates lost . NextGen TV Will Help Broadcasters Compete with Digital Political Platforms, He Tells Media Institute. $21,800 to the Republican Party. But that's probably not the whole story. Gray Television ( NYSE: GTN, NYSE: GTN.A) is a television broadcast company based in Atlanta. The Company opens a significantly remodeled, state-of-the-art facility for KNOE-TV (CBS, ABC) in Monroe, Louisiana. [4][12], In 2002, Robinson became chairman and CEO, his son-in-law Hilton Howell vice chairman, Prather president/COO and Jim Ryan senior vice president. Help other job seekers by rating Gray Television. 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. The Company constructed and launched new HD television stations WECP-TV (Panama City, FL), WSVF-TV (Harrisonburg, VA), WIYE-TV (Parkersburg, WV) and WOVA-TV (Parkersburg, WV). It also acquired KTVE-TV (Monroe, LA/El Dorado, AK). Install LED lighting technology across studio complex. "The television station portfolios . 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 . I have no business relationship with any company whose stock is mentioned in this article. Kevin Latek, Nick Waller, Bob Smith, and Jason Effinger named Senior Vice Presidents. We support local community interests by providing quality television broadcasting and exceptional service in each market we serve. While mostly unnoticed until now, after getting the rights to broadcast the gubernatorial debate, it may not go unnoticed . 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. Gray names Bob Smith as Chief Operating Officer and Nick Waller as its Chief Administrative Officer. Campaigns also use political donations to hire staff and consultants. Health Care, Dental Care, & Free Parking (if in the city). Collaborate with our long-term tenant to monitor in real time critical infrastructure, HVAC, and power systems to reduce waste. TIMELINE The Herald Publishing Company was founded with the creation of the Albany Herald in Albany, Georgia. 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. 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. Gray considered the possibility of purchasing the Young stations if the group went on the market. [3][4], New management was put in place at all three TV stations. They seem to do a good job building team chemistry and my coworkers seem like nice people. 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. Its not only Fox News that covers Trumps back. The Company began providing sales and other services to KJCT-TV (Grand Junction, CO). I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I think it will likely rival, if not exceed, any previous presidential election, the CEO said. 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. [58] It is revealed that Allen Media Group would purchase WJRT-TV in Flint for $70 million. Report of unscheduled material events or corporate event. 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. While every two years there are elections, we only get a presidential election every four. 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. Work from Nielsen shows this mid-single-digit growth continuing. And of course, the four year cycle is different than the two year cycle. Gray then announced in April 2019 Greta Van Susteren as host of a Sunday morning syndicated show, Full Court Press with Greta Van Susteren, which was launched in September 2019.[62]. Even so, the original tweet, which had accumulated thousands of retweets, remained up and continued to be shared. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Vermonts own little TV station, WCAX, formerly locally owned and managed, was scooped up last year not by Sinclair but by Gray Television. Our new travel and tourism team is also making meaningful contributions to our sales efforts, said LaPlatney. A single Democratic leadership-aligned nonprofit called Majority Forward poured a record-breaking $46 million into 2018 elections from the left. [32][33], On May 13, 2016, Gray announced that it would acquire WDTV and WVFX in Clarksburg, West Virginia from Withers Broadcasting for $26.5million. During the first two quarters of 2020, on a combined historical basis, our television stations sold $79 million in political ads. No concrete was hauled off site or shipped to landfills. Gray reaches a Joint Venture Agreement with Opry Entertainment Group (Ryman Hospitality Properties) to create a premium content broadcast and OTT service focused on the Country Lifestyle. The Company opens newly remodeled 20,000 sq. Gray contributed distribution and marketing capabilities, multicast knowledge and affiliate Gray TV stations. 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. Is this happening to you frequently? Comparing 2012 to 2008 (the last two presidential elections), we can see that Gray grew ad dollars by 77%, and comparing 2014 to 2010, we can see they grew in non-presidential years by 42%. Robinson, Robert S. Prather, and Hilton H. Howell, Jr. joined Gray's Board of Directors. He also cited the continuing TV commercials in the pending Georgia races for U.S. Senate seats. Gray closes on acquisition of previously announced Meredith Corporations Local Media Group. Sign up below. Gray Television supports local community interests by providing quality television broadcasting and exceptional service in each market we serve. James Harrison Gray, Sr. acquired the Herald Publishing Company. 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). 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. The Company purchased KCRG-TV (Cedar Rapids, IA) from The Gazette Company. I am not receiving compensation for it (other than from Seeking Alpha). 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 is a well-established company. 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. Management of Young Broadcasting stations. 1897 Gray announces its acquisition of Meredith Corporations Local Media Group for $2.7 billion. 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. Help us make this company more transparent. The National Association of Broadcasters Education Foundation (NABEF) selected KWTX-TV (CBS) in Waco, Texas, and KOLO-TV (ABC) in Reno, Nevada, to receive two of the three annual Service to America Awards. Gray forms a new sales and sponsorship entity called Gray Sports + Entertainment Sales. We are business leaders in our local economies and servant leaders in our communities. On January 1, Circle officially launches. Sinclairs political bent has been a factor in its pending acquisition of Tribune Media. Gray Televisions Chairman and CEO, Hilton H. Howell, Jr. is named Broadcast & Cables Broadcaster of the Year (2019). (Gene) Elder joined the Board of Directors. This time-proven company loves to hire graduates from Florida State University, with 12.8% of its employees having attended Florida State University. Owned by Branson Visitors TV; Gray holds a 50.1% interest in this company. The company runs a corporate political action committee that has donated to dozens of congressional Democrats and Republicans across the ideological map. The signature component of Assembly Atlanta development is the 43-acre Assembly Studios complex featuring soundstages, productions offices, warehouse and mill buildings, studio bungalows, event space, and parking decks. 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. InvestigateTV was launched in 2018 and provides innovative, original journalism from a dedicated investigative team and key partners. Fortune Magazine announced that Gray Television ranked 96th in its ranking of the Top 100 Fastest Growing Companies in the World for 2017. John Thune, Marsha Blackburn, Amy Klobuchar, and Ted Cruz, sit on the Senate subcommittee tasked with overseeing the FCC. 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.