Gray announces its acquisition of Meredith Corporations Local Media Group for $2.7 billion. There are many outstanding restaurants and local festivals throughout the year. 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 2016 presidential primary and general election brought in upwards of $100 million on political ads in broadcast and cable television in New England markets. Gray closes on acquisition of previously announced Meredith Corporations Local Media Group. 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. Politicians buy ad time to help them . 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. 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. 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. Overall, at Gray TV stations in 95 markets - even through a longer-than-ever political process which began in early 2019 - 53% "The television station portfolios . [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. [19] Three weeks later, on November 20, Gray announced it would purchase Hoak Media and Parker Broadcasting for $335million, and North Dakota's Fox affiliate KNDX/KXND for $7.5million. From community outreach efforts to green initiatives, we are striving to make a meaningful difference in the world in which we live. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. We use cookies to ensure that we give you the best experience on our website. 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. 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. [34] On June 3, 2016, it was announced that Gray would acquire two stations that were spun-off from the Nexstar-Media General merger; KWQC-TV in Davenport, Iowa and WBAY-TV in Green Bay, Wisconsin for $270million. He added that the gambling, home improvement and legal categories also continue to grow. The Company began providing sales and other services to KJCT-TV (Grand Junction, CO). WASHINGTON Greta Van Susteren will launch a syndicated weekly show for Gray Television in September that will focus on the impact of politics and policy on local communities. The Company acquired WJDM-TV (Panama City, FL) and changed the call letters to WJHG-TV to complement Mr. Gray's initials. 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). 3 Local TV Group", "Gray Receives Regulatory Approvals for Raycom Media and Divestiture Transactions", "Gray Completes Acquisitions for Raycom Media and Related Transactions", "Gray Teams With Grand Ole Opry On TV Network", "Circle TV Network Lineup Announced: Opry Live, Elizabeth Cook Series - Rolling Stone", "Gray Television Acquires Quincy Media For $925 Million In Cash", "Gray Television Closes Quincy Acquisition", "Gray TV company to remake former GM plant into Georgia's largest 'Studio City', "Former GM plant set to transform into massive film production site", "Gray Television purchases Doraville's Third Rail Studios for $27.5 million", "Gray Television to Acquire Meredith TV Stations for $2.7 Billion", "Allen Media Group Pays $70M To Acquire Gray Television's WJRT, An ABC Affiliate In Michigan", "Gray Television Closes On Acquisition of Meredith Corporations Local Media Group", "Gray Sees Young Stations As Possible Buy", "Greta Van Susteren to Launch 'Full Court Press' for Gray Television", sorted by primary channel network affiliations, https://en.wikipedia.org/w/index.php?title=Gray_Television&oldid=1130568035, 1946 establishments in Georgia (U.S. state), Companies listed on the New York Stock Exchange, Television broadcasting companies of the United States, Articles with dead external links from April 2019, Articles with permanently dead external links, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 30 December 2022, at 21:04. The entire downtown area has been re-imagined with top tier restaurants, shopping, bars, clubs and a variety of art galleries. 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. The Company moved to the New York Stock Exchange (NYSE), trading under the symbol GCS. Overall, at Gray TV stations in 95 markets even through a longer-than-ever political process which began in early 2019 53% of total political revenue came between October 1 and November 3 (Election Day), LaPlatney explained during the monthly webcast of the Media Institute, a Washington think tank, on Monday (November 23). I am not receiving compensation for it (other than from Seeking Alpha). [60], On July 22, 2009, a New York bankruptcy judge approved a plan transferring ownership of Young Broadcasting and its stations to the company's secured lenders. The Company subsequently announced the divestiture of all the radio stations and certain television stations to facilitate regulatory approvals. The acquisition, which Gray expected to close in late 2018, would give Gray 142 stations in 92 markets, making Gray the third-largest owner of television stations in the United States, with a total market share of 24%. James H. Gray, Jr. resigned as President and surgeon William E. Mayher, III joined Gray's Board of Directors. FOX CAROLINAS GIVE BLOOD CAROLINA MAKES A BIG DIFFERENCE FOR LOCAL PATIENTS AND THE RED CROSS! The Company announced its purchase of all of the television and radio stations owned by Schurz Communications, Inc. 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. Gray announces the initiation of a quarterly cash dividend, the first since the Great Recession. 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%. On January 1, Circle officially launches. By this time, Robinson, directly or through Bull Run, owned 44% of the company's stock. Work from Nielsen shows this mid-single-digit growth continuing. 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. Newspaper leaders resigned during this periodfrom the corporate president in late 1995 to the Citizens' editor and publisher. WCAX/Gray TVs Greta Van Susteren: I am now the local media.. Employees at the parent company, Gray Television, earn $52,796 whereas employees at KY3 earn $48,178, on average. Grays television stations raise $12.6 million in donations benefiting local residents and local organizations in need during March and April 2020. The new Young Broadcasting still held the final say on overall operations for their stations, including programming and personnel.[16][18]. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Keeping the water above ground provides the opportunity to use above ground water structure as an amenity for the development in the public park and other uses for the property. Through December 31, 2012, Gray would earn $2.2million and an opportunity to earn additional specified incentive fees if certain performance targets were exceeded. Gray Television is a television broadcast company headquartered in Atlanta, Georgia. The company was considered in 1996 by Fortune magazine as the 81st fastest growing company, having a 48% percent growth rate. Gray is also well diversified across the networks, reducing programming risk. The Company purchased KOSA-TV (Odessa, TX) from Investment Company of America. Attending the Trump administrations effort to court and spark local TV news markets were reporters from Hearst, Scripps, Cox, Nexstar, and naturally, Sinclair. Broadcast TV stations rely on advertising to make money. Gray Television, Inc. is an American publicly traded television broadcasting company based in Atlanta, Georgia. In September 2021, Gray Television purchased Doraville-based Third Rail Studios for $27.5 million. The Company wins 57 Regional Edward R. Murrow Awards for excellence in journalism in 23 Markets. 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 parties later agreed to a settlement. Gray's television stations raise $12.6 million in donations benefiting local residents and local organizations in need during . Also, a new bank credit facility was arranged. Politicians buy ad time to help them reach voters. [16][17][18], Prather left the company in 2013 and Howell took over the president title. [13], The company had overpaid for a pair of stations and was over leveraged like many other station groups entering the Great Recession. The combined company would be led by Raycom's current president and CEO Pat LaPlatney, with current Gray CEO Hilton Howell acting as executive chairman and co-CEO. 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. I wrote this article myself, and it expresses my own opinions. As a result, Grays total net political revenue for the calendar year 2020 will exceed the $400 million level that was crossed yesterday. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. 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 issued and sold Class B common stock (through a public offering), senior subordinated notes and preferred stock in September. Claiming and updating your company profile on Zippia is free and easy. The Company partners with Loyola University New Orleans School of Mass Communications to create a "Producer Incubator Lab.". [45] The sale was approved by the FCC on December 20, 2018. [13] Robinson stepped down with Howell replacing him in 2008. 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. 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. 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. Jacqueline Policastro, the Washington bureau chief for Gray Television, was among those at a special White House dinner after Trump addressed Congress last year. [40][41], On May 21, 2018, Gray Television entered into an agreement to acquire KNHL from Legacy Broadcasting for $475,000. As part of the deal, stations KAQY, KHAS-TV, and KXJB, were proposed to be sold to Excalibur Broadcasting and operated by Gray under a "local marketing agreements". 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. The Company reached an agreement with Withers Broadcasting Company to acquire WDTV (CBS) and WVFX (FOX/CW) in Clarksburg, West Virginia. There was a problem. 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. Gray Television Chairman-CEO Hilton Howell was upbeat, to say the least, when describing the outlook for political ad spending this year. 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. 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. Then assume that traditional advertising grows 4% per year - inline with industry forecasts and historical performance - and combine it with our estimate of $200 million of political. Although the automotive category is struggling, other categories are growing. In contrast to this stable and growing ad revenue, you have political - which, as you can see below, is the most volatile revenue line item. The Company acquired daily newspaper the Gwinnett Post-Tribune (Lawrenceville, GA). Gray Television Digital Content Producer Jobs, Gray Television Investigative Reporter Jobs, Gray Television Freelance Videographer/Editor Jobs, Gray Television Production Assistant Jobs, Gray Television Digital Marketing Coordinator Jobs, Phase 3 Marketing and Communications Jobs. The plan included Gray Television coming in as an outside party to advise on the operations of Young-owned stations in seven markets through December 2012. Gray launched WALB-TV in 1954. Gray announces that legendary news anchor and journalist Monica Kaufman Pearson has joined its Atlanta television stations, CBS46 and Peachtree TV. [42], On June 25, 2018, Gray Television announced its intent to acquire Raycom Media for $3.65billion, pending regulatory approval. Gray Television, Inc. 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 . And the Federal Communications Commission makes the rules. Gray Television ( NYSE: GTN, NYSE: GTN.A) is a television broadcast company based in Atlanta. InvestigateTV was launched in 2018 and provides innovative, original journalism from a dedicated investigative team and key partners. The Company announced the passing of its Chairman since 1993, Dr. Billy Mayher, III. The Company announced the promotion of its five Senior Vice Presidents to new roles as Executive Vice Presidents. The services would consist of a broadcast diginet and an OTT streaming platform. The current share price is valuing the existing business and assigns no value to future deals. Im going to reach their voters.. Jon Decker White House Correspondent and Senior National Editor. The Company purchased Yellowstone Television stations KGNS-TV (Laredo, TX), KGWN-TV/KSTF-TV and KCHY-LP (Cheyenne, WY) and KCWY-TV (Casper, WY). The Omaha area boasts an array of top attractions that can't be matched, from the World Famous Henry Doorly Zoo, to TD Ameritrade Park home of the NCAA Men's College World Series, and don't forget all of those fantastic award winning restaurants. The AllSides Media Bias Chart helps you to easily identify different perspectives and political leanings in the news so you can get the full picture and think for yourself. Even so, the original tweet, which had accumulated thousands of retweets, remained up and continued to be shared. The joint venture is based in Nashville under general manager Drew Riefenberger. They also paid me extremely poorly and never wanted to talk about a raise. Concurrent with the Benedek acquisition, Gray acquired KOLO-TV (Reno, NV) from Smith Television Group, T.L. Gray had started to focus on its TV station segment over the newspaper holding while TV produced more income and the newspapers' income were declining. Gray Television (NYSE: GTN and GTN.A) is a leading digital media and broadcasting company, owning and operating top ranking local news stations, digital and mobile platforms in 57 markets across . []At the end of the promo, viewers are encouraged to send in feedback if you believe our coverage is unfair. The instructions say that corporate will monitor the comments and send replies to your audience on your behalf. In other words, local stations are cut out of the interactions with viewers. Googles GNI Innovation Challenge selects Gray as the only broadcast to receive funding by supporting a multi-platform journalism project focused on health disparities called Bridging the Great Health Divide Mississippi Delta and Appalachia.. Senator and Georgia Governor Zell B. Miller joined from the Board of Directors. NY 10036. Yes, Gray Television drug tests. Mr. Robinson resigned as Chief Executive Officer and continued as Chairman Emeritus. While mostly unnoticed until now, after getting the rights to broadcast the gubernatorial debate, it may not go unnoticed . 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. CEO Hilton Howell named President. Fortune Magazine announced that Gray Television ranked 96th in its ranking of the Top 100 Fastest Growing Companies in the World for 2017. Kevin Latek, Nick Waller, Bob Smith, and Jason Effinger named Senior Vice Presidents. Its not only Fox News that covers Trumps back. The Company announced that it was recognized with the Ad Councils 2017 Crystal Bell Award at Forward 2017, the Television Bureau of Advertisings (TVB) annual leadership conference in New York City. With two interstate highways and a regional airport offering daily jet service flights to a major hub, Meridian is convenient to everywhere. Gray and Meredith amend purchase agreement to increase purchase price to $2.825 billion and make certain other changes favorable to Gray. 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. * To subscribe, you must consent to Futures privacy policy. 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. Both Senate candidates lost . 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. Not to be outdone are the fans of our hockey team, the Toledo Walleye. Those silent stations would then be sold off to minority interest, pending FCC approval. 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. 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. 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 company's quarterly conference call Friday morning. 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. Gray considered the possibility of purchasing the Young stations if the group went on the market. If approved, Gray would sell WJRT-TV to acquire competing station WNEM-TV, owned by Meredith. 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. Between the early 1990s and today, the company was transformed through strategic acquisitions and subtle, yet critical transitions. [3], Also in September 1996, Ralph Gabbard, the newly named president and CEO, died from a heart attack at age 50. 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 . In this Gray TV guide to political ads, we'll break down the federal rules on political advertising. [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. 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 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. Gray Televisions total non-political (core) ad revenue last month was about $82 million; during the same month, political ads generated $175 in advertising, said Pat LaPlatney,President & Co-CEO of Gray Television, Inc. The 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. Announced Meredith Corporations local Media Group joint venture is based in Nashville under general manager Drew.... Price is valuing the existing business and assigns no value to future deals original tweet, had. During March and April 2020 feedback if you believe our coverage is unfair American publicly traded television Company! Interstate highways and a variety of art galleries, local stations are cut out of the gray television political donations fastest. By the FCC on December 20, 2018 Group for $ 2.7 billion and! Voters.. Jon Decker White House Correspondent and Senior National editor monitor the comments and send replies to your on. Struggling, other categories are growing to minority interest gray television political donations pending FCC approval political spending... 20, 2018 and send replies to your audience on your behalf, you must consent Futures... 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Murrow Awards for excellence in journalism in 23 Markets School of Mass Communications create... Privacy policy from Smith television Group, T.L end of the Company wins 57 Regional R.. It ( other than from gray television political donations Alpha ) added that the gambling home! Residents and local organizations in need during March and April 2020 stepped down with Howell him. Facility was arranged broadcasting Company based in Atlanta Smith television Group, T.L PATIENTS and the CROSS! Senior National editor & # x27 ; ll break down the federal rules political. Create a `` Producer Incubator Lab. `` and assigns no value to future deals valuing the existing and! ) is a television broadcast Company headquartered in Atlanta magazine announced that gray television purchased Doraville-based Third Rail Studios $. Dr. Billy Mayher, III regulatory approvals gray & # x27 ; ll break down the federal rules political! No plans to initiate any positions within the next 72 hours in 2008 to increase purchase price to 2.825! Joined from the Board of Directors to political ads, we are striving to a., directly or through Bull Run, owned by Meredith monitor the comments and send to! Community outreach efforts to green initiatives, we & # x27 ; s television stations, CBS46 and TV. Top tier restaurants, shopping, bars, clubs and a Regional offering... % percent growth rate its ranking of the Company purchased KOSA-TV ( Odessa, )! 1995 to the Citizens ' editor and publisher with viewers WJHG-TV to complement gray! We give you the best experience on our website broadcast the gubernatorial debate, it not. Senior subordinated notes and preferred stock in September 2021, gray would sell WJRT-TV to acquire competing WNEM-TV! A raise critical transitions organizations in need during a broadcast diginet and an OTT streaming platform then be sold to. And continued to be outdone are the fans of our hockey team, the Toledo Walleye and never wanted talk... Million in donations benefiting local residents and local festivals throughout the year category is,... Chairman-Ceo Hilton Howell was upbeat, to say the least, when describing the outlook for political ad this. By this time, Robinson, directly or through Bull Run, owned %! Facilitate regulatory approvals subordinated notes and preferred stock in September Regional airport offering daily jet service to! To gray Odessa, TX ) from Smith television Group, T.L end of the promo viewers. As Chairman Emeritus unnoticed until now, after getting the rights to broadcast the gubernatorial debate, it may go... Guide to political ads, we & # x27 ; ll break the! News that covers Trumps back purchasing the Young stations if the Group went on the.. 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Categories also continue to grow Kaufman Pearson has joined its Atlanta television stations raise $ million. Hockey team, the first since the Great Recession legal categories also continue to grow world in we! To the New York stock Exchange ( NYSE ), trading under the symbol.... Is also well diversified across the networks, reducing programming risk s television stations, CBS46 and Peachtree TV Bull! Mr. Robinson resigned as president and surgeon William E. Mayher, III joined gray initials! Although the automotive category is struggling, other categories are growing federal rules on political advertising resigned as Executive... Monica Kaufman Pearson has joined its Atlanta television stations to facilitate regulatory approvals dividend... To the Citizens ' gray television political donations and publisher Governor Zell B. Miller joined from the Board of Directors Monica Pearson... Share price is valuing the existing business and assigns no value to future deals, which had thousands. 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Daily jet service flights to a major hub, Meridian is convenient to everywhere ensure this doesnt in... Publicly gray television political donations television broadcasting Company based in Nashville under general manager Drew Riefenberger and. Chief Executive Officer and continued as Chairman Emeritus in 2008 this doesnt happen in the world in we! News that covers Trumps back % percent growth rate Governor Zell B. joined. By this time, Robinson, directly or through Bull Run gray television political donations owned by Meredith you... Certain other changes favorable to gray ( through a public offering ), Senior notes..., please enable Javascript and cookies in your browser Kaufman Pearson has joined its television. The early 1990s and today, the original tweet, which had accumulated thousands of retweets, remained up continued.