These records will be broken in 2024, he predicted, but he admitted, It hard for me to put that into context.. And Gray has been introducing its sales training throughout the newly acquired Meredith stations as it did previously with the former Quincy Media stations. 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. Assume the current net income margin of 10% holds, you get net income of $65 million. It also purchased WRDW-TV (Augusta, GA) and sold KTVE-TV (Monroe, LA/El Dorado, AK). 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.. Gray Television ( NYSE: GTN, NYSE: GTN.A) is a television broadcast company based in Atlanta. [3], In 1998, Gray started to expand beyond its Southeast region. James Harrison Gray, Sr. acquired the Herald Publishing Company. 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. Gray closes on acquisition of previously announced Meredith Corporations Local Media Group. Gray closes on its acquisition of Raycom Media, Inc. and all required divestitures. 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). The services would consist of a broadcast diginet and an OTT streaming platform. 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. It's not just Sinclair that is consolidating, however. Mr. Prather resigned from all positions with the Company. The joint venture is based in Nashville under general manager Drew Riefenberger. I wrote this article myself, and it expresses my own opinions. Gray Televisions WVUE (FOX, New Orleans, Louisiana) receives three Sigma Delta Chi Awards from The Society of Professional Journalists. In 1995, the company moved its stock listing to the New York Stock Exchange. Gray would eventually purchase KWQC and WBAY outright when Nexstar Broadcasting Group acquired Media General in 2017, as Nexstar already owned WHBF-TV and WFRV-TV in each market. The Company announced the promotion of its five Senior Vice Presidents to new roles as Executive Vice Presidents. TIMELINE The Herald Publishing Company was founded with the creation of the Albany Herald in Albany, Georgia. On January 1, Circle officially launches. He added that the gambling, home improvement and legal categories also continue to grow. 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. 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. 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. Youll see the pie continue to grow. Local news is the most desired location for most political advertisers. The Company closed its acquisition of television stations from Schurz Communications, Inc. and related station acquisitions and divestitures with other counter-parties. We are business leaders in our local economies and servant leaders in our communities. 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. 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. From community outreach efforts to green initiatives, we are striving to make a meaningful difference in the world in which we live. Gray honored with eight National Edward R. Murrow Awards for excellence in journalism by RTDNA. The Company reached an agreement with Diversified Communications to acquire WABI (CBS/CW) in Bangor, Maine and WCJB (ABC/CW) in Gainesville, Florida. The former Young-owned stations managed by Gray Television include: Young Broadcasting would retain ownership of all its stations, including three stations that Gray would not operate: KRON-TV in San Francisco, California, WATE-TV in Knoxville, Tennessee, and WLNS-TV in Lansing, Michigan, the latter two due to Gray already owning stations in those markets. Gray announces its acquisition of Quincy Media, Inc. for $925 million. 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. Robinson, Robert S. Prather, and Hilton H. Howell, Jr. joined Gray's Board of Directors. Yes, Gray Television drug tests. Gray Television is known to have a strict drug testing policy. There are many outstanding restaurants and local festivals throughout the year. 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. [40][41], On May 21, 2018, Gray Television entered into an agreement to acquire KNHL from Legacy Broadcasting for $475,000. [22], The sale was completed on June 13, 2014. Some analysts believe Sinclair wants to rival Fox News, although officials at Sinclair have rejected those suggestions. 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. (January 2nd, 2019). The Company closes the acquisition of KDLT-TV (NBC, Sioux Falls, South Dakota). Gray announces its acquisition of Meredith Corporations Local Media Group for $2.7 billion. 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. This is a place for dedicated, ambitious team players who pursue meaningful news stories. We are working hard as a company to reduce our carbon footprint on the planet. 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. Gray completes its acquisition of Quincy Media and its sale of ten Quincy stations to Allen Media. Wells Fargo provided a valuation analysis for Sinclair's spectrum. [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. You will receive a verification email shortly. Gray reaches a Joint Venture Agreement with Opry Entertainment Group (Ryman Hospitality Properties) to create a premium content broadcast and OTT service focused on the Country Lifestyle. 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 announced that it would directly represent essentially all of its television stations in national sales, ending its long-standing national ad rep relationships as of the first of the new year. The Company purchased the operations other than the FCC licensed assets of six stations: KHAS-TV (Lincoln-Hastings, NE) from Hoak Media; KNDX-TV/KXND-TV (Minot-Bismarck, ND) from Prime Cities Broadcasting; KJCT-TV (Grand Junction, CO) from Excalibur Broadcasting; and KXJB-TV (Fargo, ND) and KAQY-TV (Monroe, LA) from Parker Broadcasting. The Company revives the daily tradition of airing the National Anthem by its stations each morning. Report of unscheduled material events or corporate event. One concern that is popular today is the risk of "cord cutters" - the younger generation that opts for Hulu and Netflix over traditional television. The Company agrees to acquire KDLT-TV in Sioux Falls, South Dakota. On the right, a nonprofit called 45 Committee poured more than $23 million into the 2016 presidential race to support President Donald Trump. If they are able to grow by 77% again this cycle you're looking at political revenue of $152 million. While the number of people opting not to pay for television continues to increase, this hasn't impacted Gray as these viewers are simply moving from cable to antenna. [3], With its additional funds, Gray continued purchasing in 1997 with two announcements in January and February. The Company partners with Loyola University New Orleans School of Mass Communications to create a "Producer Incubator Lab.". During the construction of the Assembly Studios complex, we have taken the following actions to reduce environmental impact, and even improve the property: Currently, Third Rail Studios and upon completion of the Assembly Studio complex, Assembly Atlanta has or will implement the following actions as part of our commitment to the environment: Copyright 2023 Gray Television, Inc. All Rights Reserved, Senior Vice President, Chief Digital Officer, Senior Vice President, Chief Technology Officer, Senior Vice President, Chief Accounting Officer, Senior Vice President, Financial Reporting, Senior Vice President, Government Relations and Distribution, Vice President, Gray TV Telemundo Station Group, Senior Vice President, Deputy General Counsel, Vice President, Assistant General Counsel, Vice President and General Manager of Washington Operations, Vice President, Sales Training and Development, Senior Executive Administrator, Corporate Support Services, Assistant Secretary, Assistant General Counsel, President and CEO, Tupelo Media Group, LLC, Vice President, Digital Content and Audience Development, SVP, Program Planning and Distribution, Raycom Sports Network, LLC, Assistant Vice President, Shared Services, Vice President, Chief Information Security Officer, Vice President, Senior Programming and Production Counsel, Vice President, Traffic and Sales Systems, 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. The Company renewed over 250 retransmission consent agreements at year-end with no disruptions to local viewers. We know that the world is waking up to its environmental responsibility. In this Gray TV guide to political ads, we'll break down the federal rules on political advertising. Gray and ViacomCBS announces multi-year agreement to renew all 47 of Grays CBS affiliations. 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. Zippia gives an in-depth look into the details of Gray Television, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Gray Television. The data presented on this page does not represent the view of Gray Television and its employees or that of Zippia. The price per share dropped to $8. Gray Television, Inc. is a broadcast company headquartered in Atlanta, Georgia. [4] This caused difficulties as two of the three wanted to sell with the third unable to purchase. 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 new tweet, correcting her mistake, had just 95 retweets at the time of this writing. . I think it will likely rival, if not exceed, any previous presidential election, the CEO said. David Zaslav, who led the merger with CNN and Discovery, donated over $240,000. Utilize solar powered trailers and fuel-efficient vehicles where possible to reduce carbon footprint. Gray Television's roots begin in January 1891 with the creation of the Albany Herald in Albany, Georgia. , who led the merger with CNN and Discovery, donated over $ 240,000 added the. 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