There will be markets where ATSC 3.0 will matter, he said and it will increase during the next four year. We know that the world is waking up to its environmental responsibility. Layoffs hit the WCAX newsroom about a year later. Robin R. Howell joined Board of Directors. Gray is the nations second largest television broadcaster, with television stations serving 113 markets that reach approximately 36 percent of US television households. [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. I have no business relationship with any company whose stock is mentioned in this article. Gray is the largest owner of top-rated local television stations and digital assets in the United States ("U.S."). 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. 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. 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. 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. 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 announced its purchase of all of the television and radio stations owned by Schurz Communications, Inc. NY 10036. 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. 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. * To subscribe, you must consent to Futures privacy policy. Gray closes on its acquisition of Raycom Media, Inc. and all required divestitures. No concrete was hauled off site or shipped to landfills. Gray Television is a well-established company. I think it will likely rival, if not exceed, any previous presidential election, the CEO said. [53] Gray's acquisition of Quincy Media was completed on August 2. These records will be broken in 2024, he predicted, but he admitted, It hard for me to put that into context.. Gray names Bob Smith as Chief Operating Officer and Nick Waller as its Chief Administrative Officer. In 2012, Gray covered roughly 6% of US households (which was the same percent in 2008), through acquisition and expansion they now cover 8%. More alarming,national media outlets are publishing these samefake storieswithout checking facts first. Jon Decker White House Correspondent and Senior National Editor. Gray closes Hoak deal; completes refinancing. 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. 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 . Gray honored with eight National Edward R. Murrow Awards for excellence in journalism by RTDNA. 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. Recycled 88 acres of concrete and existing structure on the site when we purchased the property. 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. 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. Gray is also well diversified across the networks, reducing programming risk. 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. The Company acquired daily newspaper the Gwinnett Post-Tribune (Lawrenceville, GA). But thats precisely why some staffers were so troubled by it. Gray announces significant expansion to National Investigative Team. Through December 31, 2012, Gray would earn $2.2million and an opportunity to earn additional specified incentive fees if certain performance targets were exceeded. [3], In 1998, Gray started to expand beyond its Southeast region. [37] On May 4, 2017, Gray announced its intent to acquire WCAX-TV in Burlington, Vermont from Mount Mansfield Television for $29million. On January 1, Circle officially launches. Howell later clarified that beating the 2020 presidential year record of $652 million is aspirational, and not reflected in Grays financial projections. In this Gray TV guide to political ads, we'll break down the federal rules on political advertising. 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. Campaigns also use political donations to hire staff and consultants. Gray Television Chairman-CEO Hilton Howell was upbeat, to say the least, when describing the outlook for political ad spending this year. In 1995, the company moved its stock listing to the New York Stock Exchange. 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. Want to be in the middle of it all There are plenty of new and renovated condos ready for you to call home. Subsidiaries to Gray Television include KY3. 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 announces that legendary news anchor and journalist Monica Kaufman Pearson has joined its Atlanta television stations, CBS46 and Peachtree TV. Loan covenants could have forced the company into default. Mr. Robinson named Chairman and Chief Executive Officer, Hilton H. Howell, Jr. named Vice Chairman, Robert S. Prather named President and Chief Operating Officer, and James C. Ryan named Senior Vice President. [3] WALB was thus sold to Liberty Corp.'s Cosmos Broadcasting in August 1998. 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. Gray contributed distribution and marketing capabilities, multicast knowledge and affiliate Gray TV stations. With Raycom Media acquiring a station from AFLAC Broadcast Group, Inc., forcing them to sell WITN-TV to Gray, which was finalized on August 1, 1997. [3][4], New management was put in place at all three TV stations. I learned a great deal of skills in a short period of time. And this growth is likely to persist. [30][31], In January 2016, Gray Television opened a national news bureau in Washington, D.C., led by former APTV journalist Jacqueline Policastro. Gray Television, Inc. is a broadcast company headquartered in Atlanta, Georgia. 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. [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. 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 services would consist of a broadcast diginet and an OTT streaming platform. The Company purchased WQCW-TV (Charleston, WV) from Lockwood Broadcasting. You can check out our full list of. Hilton H. Howell, Jr. named Chief Executive Officer. 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 . Latek had earlier spelled out just how much political demand is up this year. [59] The sale was completed on December 1. Mr. Robinson did not stand for re-election to the Board. 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). . [3], In August and September 1996, Gray raised additional operating funds by various means. Not to be outdone are the fans of our hockey team, the Toledo Walleye. The Company breaks ground on new WRDW-TV Station facility in Georgia. I enjoy the people I've worked with and come across. The National Association of Broadcasting Educational Foundation chose Gray's WJRT (ABC) in Flint, Michigan, as the winner of its 2018 Service to Community Award in the Media Market category and WCTV (CBS) in Tallahassee, Florida, as the winner in the Small Market category. The Company wins 57 Regional Edward R. Murrow Awards for excellence in journalism in 23 Markets. Install LED lighting technology across studio complex. I wrote this article myself, and it expresses my own opinions. 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. InvestigateTV was launched in 2018 and provides innovative, original journalism from a dedicated investigative team and key partners. 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. Future US, Inc. Full 7th Floor, 130 West 42nd Street, The dress code at Gray Television is business casual. Overall, at Gray TV stations in 95 markets - even through a longer-than-ever political process which began in early 2019 - 53% Gray Television supports local community interests by providing quality television broadcasting and exceptional service in each market we serve. It also acquired KTVE-TV (Monroe, LA/El Dorado, AK). 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 promo script, they say, belies Sinclair managements actual agenda to tilt reporting to the right. Gray Television, Inc. 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 . This is a place for dedicated, ambitious team players who pursue meaningful news stories. 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). The Company selected by TVNewsCheck as "2016 Station Group of the Year". Gray Television is a television broadcast company headquartered in Atlanta, Georgia. 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. Gray announces its acquisition of Quincy Media, Inc. for $925 million. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. [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. Meanwhile, though, Gray has added more local news programs in many markets, effective April 1, as three syndicated shows came to an end. 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. Gray Televisions WVUE (FOX, New Orleans, Louisiana) receives three Sigma Delta Chi Awards from The Society of Professional Journalists. The smarter way to stay on top of broadcasting and cable industry. 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. TIMELINE The Herald Publishing Company was founded with the creation of the Albany Herald in Albany, Georgia. Gray leads fundraising round for Texas-based Envy Gaming. Grays Emmy award winning production company, Tupelo Honey, celebrates its 25th anniversary. 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