On the right, a nonprofit called 45 Committee poured more than $23 million into the 2016 presidential race to support President Donald Trump. From community outreach efforts to green initiatives, we are striving to make a meaningful difference in the world in which we live. 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. 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. [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. The large Atlanta Georgia-based communication corporation may not share Sinclairs solid right wing reputation but they certainly have their sights set on New Hampshires First-in-theNation presidential primarys advertising profits. Mr. Prather resigned from all positions with the Company. (January 2nd, 2019). Owned by Branson Visitors TV; Gray holds a 50.1% interest in this company. Gray and ViacomCBS announces multi-year agreement to renew all 47 of Grays CBS affiliations. The price per share dropped to $8. Want to explore some other great places to work in Atlanta, GA? [35][36] At that time, Gray had already acquired Sioux Falls rival station KSFY. Not much. Newspaper leaders resigned during this periodfrom the corporate president in late 1995 to the Citizens' editor and publisher. Copyright 2023 Gray Television, Inc. All Rights Reserved. While that is good news and bad news to some degree, its a clear victory for in-house health and political sales teams, and our core stations have done outstanding work in developing this category. To stay at the top we need to work hard every day and hire the right people. Gray announces the initiation of a quarterly cash dividend, the first since the Great Recession. [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. [25][26] The sale was completed on September 15. 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. Employees at the parent company, Gray Television, earn $52,796 whereas employees at KY3 earn $48,178, on average. The show, R The Company closed its acquisition of television stations from Schurz Communications, Inc. and related station acquisitions and divestitures with other counter-parties. There will be markets where ATSC 3.0 will matter, he said and it will increase during the next four year. Gray Television's 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 completes its acquisition of Quincy Media and its sale of ten Quincy stations to Allen Media. 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. As President of Arlen Communications LLC, he has provided analyses about the development of applications and services for entertainment, marketing and e-commerce. Knowing the political bias of media outlets allows you to consume a balanced news diet and avoid manipulation, misinformation, and fake news. The Company also acquired Gulflink Communications, Inc., a satellite uplink service. In fact, the health category is pacing just slight behind auto. 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. Grays Raycom Sports launches Origin Sports Network on the Roku Channel in Canada and XUMO in the United States. The Company launches Full Court Press Now a late night newscast providing the latest developments on COVID-19 Pandemic. The Company purchased WAGM-TV (Presque, ME) from NEPSK, Inc. We support local community interests by providing quality television broadcasting and exceptional service in each market we serve. In remarks that large shared research data from Kantar Medias Campaign Media Analysis Group(CMAG), which monitors political advertising,LaPlatney summarized the trends of the political arena. raised $80 million online during that period; Ms. Loeffler and Mr. Perdue combined for closer to $75 million. [37] On May 4, 2017, Gray announced its intent to acquire WCAX-TV in Burlington, Vermont from Mount Mansfield Television for $29million. Political advertising will be a big boost to EPS. Related: Stations, Networks Eye Boom in Political Ad Spending. The Company purchased Yellowstone Television stations KGNS-TV (Laredo, TX), KGWN-TV/KSTF-TV and KCHY-LP (Cheyenne, WY) and KCWY-TV (Casper, WY). Mansfield Television, Inc. to acquire WCAX (CBS) in Burlington, Vermont-Plattsburgh, New York. Jon Decker White House Correspondent and Senior National Editor. In this Gray TV guide to political ads, we'll break down the federal rules on political advertising. 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. The Company announced that KSFY-TV will begin broadcasting from its new downtown state-of-the-art Sioux Falls Studio. Gray contributed distribution and marketing capabilities, multicast knowledge and affiliate Gray TV stations. AllSides Media Bias Chart. The Company subsequently announced the divestiture of all the radio stations and certain television stations to facilitate regulatory approvals. These records will be broken in 2024, he predicted, but he admitted, It hard for me to put that into context.. In this Gray TV guide to political ads, we'll break down the federal rules on political advertising. Gray Television, Inc. is an American publicly traded television broadcasting company based in Atlanta, Georgia. The promo script, they say, belies Sinclair managements actual agenda to tilt reporting to the right. The Company acquires minority ownership interest in TEGNAs Premion, a leading OTT advertising business, and becomes a a reseller of Premions services in its local markets. And of course, the four year cycle is different than the two year cycle. Gray Television's roots begin in January 1891 with the creation of the Albany Herald in Albany, Georgia. Josh Rultenberg joined the Gray Television Washington News Bureau in July 2022 as a multimedia journalist. I have no business relationship with any company whose stock is mentioned in this article. 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). We understandTruth is neither politically left or right. Our commitment to factual reporting is the foundation of our credibility, now more than ever.. 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 acquired WJDM-TV (Panama City, FL) and changed the call letters to WJHG-TV to complement Mr. Gray's initials. I am now the local media. In addition to being in a strong position to capture households, they are also a well run business which knows how to make the most of each unit of revenue. Hilton Howell donated The Gwinnett Daily Post increased circulation in 1997 through a deal with Genesis Cable Communications to provide the paper to its metro Atlanta subscribers at Genesis's expense. 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. No concrete was hauled off site or shipped to landfills. The Company announced its purchase of all of the television and radio stations owned by Schurz Communications, Inc. 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. 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 opens a significantly remodeled, state-of-the-art facility for KNOE-TV (CBS, ABC) in Monroe, Louisiana. But thats precisely why some staffers were so troubled by it. Best Companies to Work For in Atlanta, GA, Best Media Companies to Work For in Georgia, Best Media Companies to Work For in Atlanta, GA. What Is The Dress Code At Gray Television? In reality, this management team has done a great job of completing accretive M&A over the years (already moving from 6% to 8% of US households covered). by Hilton Howell. 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. Hilton H. Howell, Jr. named Chief Executive Officer. Gray Television ( NYSE: GTN, NYSE: GTN.A) is a television broadcast company based in Atlanta. Gray Television Chairman-CEO Hilton Howell was upbeat, to say the least, when describing the outlook for political ad spending this year. The Company purchased KMVT-TV and KSVT-TV (Twin Falls, ID) from Neuhoff Media. 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. Attending the Trump administrations effort to court and spark local TV news markets were reporters from Hearst, Scripps, Cox, Nexstar, and naturally, Sinclair. 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. [15] A new strategy of purchasing stations in college towns or capitals was put into place. 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). In 1991, to break the stalemate, the board of directors had the company purchase 25% of their shares. He pointed out that the Bloomberg Effect shattered records and created unprecedented spending levels during a six- or seven-week period, reaching levels that most political advertisers barely hit during the entire cycle. The parties later agreed to a settlement. This eliminated the need to use additional of concrete, plastics and metal structures and minimizes the amount of maintenance and repairs that are typical of an underground system. Gray owns local television station and leading digital platforms serving the local markets of Savannah, Augusta, Albany, Columbus, and Thomasville, Georgia. Their corporate memo to local stations dictates the promo be scheduled to create maximum reach and frequency.. Although the automotive category is struggling, other categories are growing. 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. Please disable your ad-blocker and refresh. 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%. 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. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. The Radio Television Digital News Association (RTDNA) awards a combined 49 Regional Edward R. Murrow awards for excellence in journalism to 21 of Grays local stations. Its station base consists all ranges of media markets, from as large as Atlanta, to one of the smallest markets, North Platte, Nebraska. Barry Lewis, Richard L. Boger and Howell W. Newton joined Gray's Board of Directors, and James H. Gray, Jr. resigned from the Board. 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. * To subscribe, you must consent to Futures privacy policy. On this Wikipedia the language links are at the top of the page across from the article title. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. NABs Leadership Foundation selects two Gray stations as national winners in their categories and three Gray stations as finalists in its coveted Service to America Awards competition. The Company launches a syndicated Weekend Political Show "Full Court Press" with Greta Van Susteren. 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. The new tweet, correcting her mistake, had just 95 retweets at the time of this writing. Gray Televisions InvestigateTV receives two first place National Headliner Awards. 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 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. The current share price is valuing the existing business and assigns no value to future deals. 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). And Gray has been introducing its sales training throughout the newly acquired Meredith stations as it did previously with the former Quincy Media stations. The Company announced that it anticipated receiving $90,824,000 in proceeds resulting from the Federal Communications Commissions reverse auction for broadcast spectrum. Gray is the largest owner of top-rated local television stations and digital assets in the United States ("U.S."). Good foot in the door to broadcasting. NextGen TV Will Help Broadcasters Compete with Digital Political Platforms, He Tells Media Institute. This is a place for dedicated, ambitious team players who pursue meaningful news stories. There was a problem. This brought the company total to $534.5 million in available funds with $409.5 million directly available. Gray honored with eight National Edward R. Murrow Awards for excellence in journalism by RTDNA. They had Gray purchase 14 Benedek Broadcasting stations while that company was in bankruptcy. If you have an ad-blocker enabled you may be blocked from proceeding. 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