Campaigns turned much more to broadcast television, he said. Gray is the largest owner of top-rated local television stations and digital assets in the United States ("U.S."). Overall, at Gray TV stations in 95 markets - even through a longer-than-ever political process which began in early 2019 - 53% The new Young Broadcasting still held the final say on overall operations for their stations, including programming and personnel.[16][18]. We are committed to working hard to reduce the construction's impact on the environment. [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. Focusing on the four largest segments of the pie, local, national and political refer to advertising dollars. The Company revives the daily tradition of airing the National Anthem by its stations each morning. [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. He also cited the continuing TV commercials in the pending Georgia races for U.S. Senate seats. It's not just Sinclair that is consolidating, however. 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). Gray also owns video program production, marketing, and digital businesses including Raycom Sports, Tupelo Honey, and RTM Studios, the producer of PowerNation programs and content, and is the majority owner of Swirl Films. Hall of Fame Resort & Entertainment Company and Grays Tupelo Honey announce the formation of a media partnership to produce the unscripted series INSPIRED: Heroes of Change.. This seesaw motion isn't random, it matches the election cycle. by Hilton Howell. 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. Future US, Inc. Full 7th Floor, 130 West 42nd Street, The Company breaks ground on new WRDW-TV Station facility in Georgia. There are many outstanding restaurants and local festivals throughout the year. 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. [46][47][48] The deal was completed on January 2, 2019. Gray is a well run-business with a number of near-term tailwinds. We are working hard as a company to reduce our carbon footprint on the planet. InvestigateTV was launched in 2018 and provides innovative, original journalism from a dedicated investigative team and key partners. Gray and ViacomCBS announces multi-year agreement to renew all 47 of Grays CBS affiliations. 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. Knowing the political bias of media outlets allows you to consume a balanced news diet and avoid manipulation, misinformation, and fake news. Loan covenants could have forced the company into default. The parties later agreed to a settlement. They seem to do a good job building team chemistry and my coworkers seem like nice people. Recycled all the steel and rebar previously on the site. He added that the gambling, home improvement and legal categories also continue to grow. Gray Television reaches a multi-year deal with Fox Television Network that renews station affiliation agreements covering all of its Fox affiliated stations across 21 markets. 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. [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. We use cookies to ensure that we give you the best experience on our website. Gray Television Chairman-CEO Hilton Howell was upbeat, to say the least, when describing the outlook for political ad spending this year. raised $80 million online during that period; Ms. Loeffler and Mr. Perdue combined for closer to $75 million. Gray Television's roots begin in January 1891 with the creation of the Albany Herald in Albany, Georgia. The Company wins 57 Regional Edward R. Murrow Awards for excellence in journalism in 23 Markets. 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. Not much. Gray Television's mission statement is "To include the capability of tuning and decoding over-the-air digital signals by 2007.". The Company purchased WAGM-TV (Presque, ME) from NEPSK, Inc. 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. Help us make this company more transparent. Vermonts own little TV station, WCAX, formerly locally owned and managed, was scooped up last year not by Sinclair but by Gray Television. AllSides Media Bias Chart. The company drug screens all potential hires during the pre-employment period, once a job offer has been made. List of stations owned or operated by Gray Television, "Gray Television consolidating offices, leaving Albany", "Gray: Strong Stations, Smart Operations", "Atlanta-based TV-station operator to spin off newsletter, wireless units", "Daily Post's parent company changes name", "Banks' Bid on Young Stations Clears Hurdle", Who's Really Running Young Broadcasting? Want to be in the middle of it all There are plenty of new and renovated condos ready for you to call home. 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. Ballots will include all 435. 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. Mr. Robinson resigned as Chief Executive Officer and continued as Chairman Emeritus. 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. Gray Television, Inc. is a broadcast company headquartered in Atlanta, Georgia. This is an opportunity to come to one of the most award-winning stations in Virginia, to live in a great small city and learn how to really hone your craft in a terrific newsroom with a new commitment to technology, resources, and partnerships. 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. Looking first at non-political advertising revenue, it has grown at a steady rate every year since 2009: This segment is somewhat sensitive to the economy but overall has been a GDP+ type growth story (2014 is higher because of acquisitions). Its not only Fox News that covers Trumps back. Sinclair is already the biggest owner of local television stations in the country with 173 it either owns or operates and Tribune will give it dozens more, furthering the companys ambitions. 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. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. 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. Report of unscheduled material events or corporate event. The Company purchased WNDU-TV (South Bend, IN) from the University of Notre Dame. As President of Arlen Communications LLC, he has provided analyses about the development of applications and services for entertainment, marketing and e-commerce. Our new travel and tourism team is also making meaningful contributions to our sales efforts, said LaPlatney. [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. Their corporate memo to local stations dictates the promo be scheduled to create maximum reach and frequency.. 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. I have no business relationship with any company whose stock is mentioned in this article. The Company launches a syndicated Weekend Political Show "Full Court Press" with Greta Van Susteren. On this Wikipedia the language links are at the top of the page across from the article title. 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. James Harrison Gray, Sr. acquired the Herald Publishing Company. 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. If approved, Gray would sell WJRT-TV to acquire competing station WNEM-TV, owned by Meredith. Broadcast TV stations rely on advertising to make money. 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. 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.. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. Sinclairs political bent has been a factor in its pending acquisition of Tribune Media. It was founded way back in 1897. The smarter way to stay on top of broadcasting and cable industry. Harriett J. Robinson joined the Board of Directors. 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. The Company announced the opening of its Washington D.C. News Bureau. 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. TIMELINE The Herald Publishing Company was founded with the creation of the Albany Herald in Albany, Georgia. I consent the use of my personal data in accordance with Future's. An experienced investor with more than a decade of experience working at some of the largest asset management organizations, I now focus full time on my personal investments and sharing unique ideas with the online value investing community. * To subscribe, you must consent to Futures privacy policy. 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 Television is a group of inspired innovators and thought leaders in the television industry. 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.. We understandTruth is neither politically left or right. Our commitment to factual reporting is the foundation of our credibility, now more than ever.. The dividend is payable on March 31, 2023, to shareholders of Gray Television is an unmatched broadcast pioneer that keeps getting bigger and better. 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. Gray Televisions InvestigateTV receives two first place National Headliner Awards. During 2020, Gray's stations were ranked first in 70 markets, and ranked first and/or second in 86 markets, as calculated by Comscores audience measurement service. [40][41], On May 21, 2018, Gray Television entered into an agreement to acquire KNHL from Legacy Broadcasting for $475,000. These records will be broken in 2024, he predicted, but he admitted, It hard for me to put that into context.. 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. I am not receiving compensation for it (other than from Seeking Alpha). Recycled 88 acres of concrete and existing structure on the site when we purchased the property. The Company acquired the Goshen News daily newspaper (Goshen, IN). 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. [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 announced the passing of its Chairman since 1993, Dr. Billy Mayher, III. Political advertising will be a big boost to EPS. 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). Between the early 1990s and today, the company was transformed through strategic acquisitions and subtle, yet critical transitions. The Company announced the promotion of its five Senior Vice Presidents to new roles as Executive Vice Presidents. The Company closes the acquisition of KDLT-TV (NBC, Sioux Falls, South Dakota). 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. Hilton H. Howell, Jr. named Chief Executive Officer. 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. The Company also sold WALB-TV (Albany, GA). 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 Television employees are most likely to be members of the Republican Party. But thats precisely why some staffers were so troubled by it. In this Gray TV guide to political ads, we'll break down the federal rules on political advertising. Gray names Bob Smith as Chief Operating Officer and Nick Waller as its Chief Administrative Officer. There was a problem. Copyright 2023 NewsCheckMedia LLC, 238 Crosshill Road, Wynnewood, PA 19096 | 610-649-7989, Gray Television Chairman-CEO Hilton Howell: I think [2022] will likely rival, if not exceed, any previous presidential election.. James H. Gray, Jr. resigned as President and surgeon William E. Mayher, III joined Gray's Board of Directors. [3], With its additional funds, Gray continued purchasing in 1997 with two announcements in January and February. The Company moved to the New York Stock Exchange (NYSE), trading under the symbol GCS. The company put itself-or any part up-for sale by the end of 1992. 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. Dress codes may also take the form of casual or professional, depending on the department at Gray Television. 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