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 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. [45], By January 20, 2016, Gray had set up their Washington News Bureau by Jacqueline Policastro to enable stations to get interviews with U.S. Sinclair Broadcasting, the largest owner of local TV stations in the U.S., is widely known as a champion of right-wing GOP causes. . Collaborate with our long-term tenant to monitor in real time critical infrastructure, HVAC, and power systems to reduce waste. The Company announced record-setting audience rankings during the November 2017 sweeps period conducted by the Nielsen Company. 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. You will receive a verification email shortly. The Company announced that the Singing For Their Supper telethon raised over one million dollars for local food banks through its broadcast one afternoon across 50 of its markets. In September 1996 a basket purchase from First American Media, Inc., Gray got two TV stations (WCTV and WVLT-TV), Satellite and Production Business Services, which was renamed Lynqx Communications and PortaPhone paging business. Gray's television stations raise $12.6 million in donations benefiting local residents and local organizations in need during . This is a place for dedicated, ambitious team players who pursue meaningful news stories. I consent the use of my personal data in accordance with Future's. Employees at the parent company, Gray Television, earn $52,796 whereas employees at KY3 earn $48,178, on average. 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.. 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%. We support local community interests by providing quality television broadcasting and exceptional service in each market we serve. The Company purchased the operations other than the FCC licensed assets of WFXS-TV (Wausau-Rhinelander, WI) and KVTV-TV (Laredo, TX) from Davis Television, LLC and Eagle Creek Television, respectively. And not to be paranoid but its worth being watchful of our neighbor states media scene. They own and operate stations in 44 markets, broadcasting 139 streams including 76 affiliates of the Big Four networks (ABC, CBS, NBC, and Fox). Radio Television Digital News Association (RTDNA) awards 57 Regional Edward R. Murrow Awards for excellence in journalism to 26 Gray stations. 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. [61], The agreement ended without any further extensions on December 31, 2012, and Young agreed to a merger with Media General in mid-2013. Robin R. Howell joined Board of Directors. 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. 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. (January 2nd, 2019). The Company purchased KOSA-TV (Odessa, TX) from Investment Company of America. Gray Television is a group of inspired innovators and thought leaders in the television industry. 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. ", "Gray Buying Hoak, Prime Stations For $342.5M", "Re: Prime Cities Broadcasting, Inc. Request for Dismissal of Group Application for Assignment of Broadcast Station License(s)". We are business leaders in our local economies and servant leaders in our communities. [3], In 1996, Gray added additional TV stations while entering additional communication industry segments. The entire downtown area has been re-imagined with top tier restaurants, shopping, bars, clubs and a variety of art galleries. With two interstate highways and a regional airport offering daily jet service flights to a major hub, Meridian is convenient to everywhere. 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. The Company purchased KMVT-TV and KSVT-TV (Twin Falls, ID) from Neuhoff Media. Visit our corporate site (opens in new tab). 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. Additionally, the FCC incentive auction starts in 2016 and the current valuation assigns no value to the spectrum assets. Assume the current net income margin of 10% holds, you get net income of $65 million. In their place, Gray Television acquired and, in some cases, built from scratch market-leading television stations focused on local communities. Youll see the pie continue to grow. Mr. Trump and his shared committees with the R.N.C. Campaigns also use political donations to hire staff and consultants. The Company began providing sales and other services to KJCT-TV (Grand Junction, CO). And this growth is likely to persist. Six Gray Stations honored with Service to America Finalists and Winners by the National Association of Broadcasters Leadership Foundation, including the second consecutive Small Market Winner award for WCTV, Grays CBS affiliate in Tallahassee, Florida. This brought the company total to $534.5 million in available funds with $409.5 million directly available. Just months after doubling the Daily Post's staff, one third were laid off and a quarter of The Albany Herald's staff followed in January 1996. 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. [16][17][18], Prather left the company in 2013 and Howell took over the president title. 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. Pat LaPlatney, president and co-CEO, noted that Gray is continuing to focus on adding new local advertisers, with a run rate of $9 million to $10 million in new local direct business being added each month. TIMELINE The Herald Publishing Company was founded with the creation of the Albany Herald in Albany, Georgia. ". 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%. This time-proven company loves to hire graduates from Florida State University, with 12.8% of its employees having attended Florida State University. The transaction completes Gray's transformation from a small, regional broadcaster to a leading media company with nationwide scale based on high-quality stations with exceptional talent in attractive markets. 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. The Company announced the passing of its Chairman since 1993, Dr. Billy Mayher, III. The Company announced its purchase of all of the television and radio stations owned by Schurz Communications, Inc. 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. Gray is also well diversified across the networks, reducing programming risk. 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. 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. 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. Gray Television is a group of inspired innovators and thought leaders in the television industry. Political advertising will be a big boost to EPS. 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. The Company closes the acquisition of KDLT-TV (NBC, Sioux Falls, South Dakota). AP Photo/Charles Dharapak, File. 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. [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. Gray will pay $14.50 per share in cash to acquire Meredith. Gray contributed distribution and marketing capabilities, multicast knowledge and affiliate Gray TV stations. . After the spinoff, the total enterprise value of the transaction for Gray will be $2.7 billion. Hilton Howell donated Gray forms a new sales and sponsorship entity called Gray Sports + Entertainment Sales. Spot TV Forecast: After Political Bonanza In 22, Flat Will Suffice For 23, Top 30 Station Groups: Standard General Leaps Into Second Place With Tegna Acquisition, 13th Annual Women In Technology Awards Reception, Revenue Strategies: Advanced Targeting for Local TV. The Company closes the sale of WCAV-TV (CBS/FOX) and WVAW (ABC) and the purchase of WVIR-TV (NBC), all in Charlottesville, Virginia. If you have an ad-blocker enabled you may be blocked from proceeding. Gray Television, Inc. is an American publicly traded television broadcasting company based in Atlanta, Georgia. I have no business relationship with any company whose stock is mentioned in this article. The acquisition of Raycom completes Grays transformation from a small, regional broadcaster to a leading media company with nationwide scale based on high-quality stations with exceptional talent in attractive markets. The twin problems caused its shares to trade at its lowest at 16 cents in 2008, thus the NYSE indicated they might delist the company. Gray Television is a well-established company. Gray consummated its transformative transaction with Raycom Media, Inc., including the divestitures of nine television stations in overlap markets. [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. Utilize solar powered trailers and fuel-efficient vehicles where possible to reduce carbon footprint. Help us make this company more transparent. The Company reached an agreement with Diversified Communications to acquire WABI (CBS/CW) in Bangor, Maine and WCJB (ABC/CW) in Gainesville, Florida. [3][4], The company was then taken public on NASDAQ's small-cap market in the 2nd quarter 1992. As the company agreed to purchase the Busse Broadcasting Corporation, which owned KOLN, KGIN-TV and WEAU. Gray honored with eight National Edward R. Murrow Awards for excellence in journalism by RTDNA. Gray intended to turn KNHL into a satellite of its NBC affiliate KSNB-TV. You can check out our full list of. [13], On July 30, 2009, Gray was awarded a contract to manage seven Young Broadcasting-owned stations. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. While mostly unnoticed until now, after getting the rights to broadcast the gubernatorial debate, it may not go unnoticed . The Company announced that KSFY-TV will begin broadcasting from its new downtown state-of-the-art Sioux Falls Studio. These records will be broken in 2024, he predicted, but he admitted, It hard for me to put that into context.. 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.. 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. Politicians buy ad time to help them reach voters. The green segment, retransmission, is fees paid by cable or satellite operators to carry their programming. [59] The sale was completed on December 1. 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. Through December 31, 2012, Gray would earn $2.2million and an opportunity to earn additional specified incentive fees if certain performance targets were exceeded. In 2012, Gray covered roughly 6% of US households (which was the same percent in 2008), through acquisition and expansion they now cover 8%. The Company agrees to acquire KDLT-TV in Sioux Falls, South Dakota. The employee data is based on information from people who have self-reported their past or current employments at Gray Television. Gray purchases Third Rail Studios in Doraville, Georgia. The pattern gets more interesting as you dig into the segments. I am now the local media. Want to be in the middle of it all There are plenty of new and renovated condos ready for you to call home. 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. 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 Buys Stations in Flint, Toledo For $128M", "TV in the news Channels 24, 13 expanding newscasts; CW13 to replace WT05", Gray Closes on Flint, Toledo Station Buys, "Schurz Communications to sell WSBT and other TV, radio stations", "Gray Acquiring TV, Radio Stations from Schurz for $442.5 Million", "Gray Opens Washington, D.C. News Bureau", "Gray Buying Two Nexstar Spinoffs For $270M", "Gray Buys Nexstar Stations in Green Bay, Davenport", Gray Buys Diversified's Stations in Bangor, Gainesville, "Gray Buying CBS Affil WCAX Burlington, Vt", "Pranksters sued by TV company over morning show antics", "Meet the comedy duo who got sued for pranking the news", "Gray TV to Buy Raycom in $3.65 Billion Deal", "Gray Acquiring Raycom For $3.65B, Forming No. They also paid me extremely poorly and never wanted to talk about a raise. I learned a great deal of skills in a short period of time. 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. We use cookies to ensure that we give you the best experience on our website. Gray sells divestiture stations from the Quincy Media transaction to Allen Media for $380 million to facilitate its acquisition of Quincy Media. 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? [23][24], On July 24, 2014, SJL Broadcasting announced that it would sell WJRT-TV and WTVG to Gray, for $128million. Gray COO Bob Smith noted that there was already some displacement of regular advertisers by political spots in the first quarter. [3], In 1998, Gray started to expand beyond its Southeast region. The Company acquired daily newspaper the Gwinnett Post-Tribune (Lawrenceville, GA). 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.. Its not only Fox News that covers Trumps back. 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. Gray Television is in the broadcast media industry. 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. 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. 1897 James Harrison Gray, Sr. acquired the Herald Publishing Company. Harriett J. Robinson joined the Board of Directors. John Dean (of Watergate notoriety) observed. 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