[37] On May 4, 2017, Gray announced its intent to acquire WCAX-TV in Burlington, Vermont from Mount Mansfield Television for $29million. 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. 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. The Company acquired daily newspaper the Gwinnett Post-Tribune (Lawrenceville, GA). Gray would divest nine stations in markets where Gray and Raycom both already owned stations, including WTNZ, WTOL, KXXV, WTXL, WFXG, KWES-TV, WPGX, WSWG, and WDFX-TV. During the presidential election Sinclair and the Trump campaign struck a deal in order to gain favorable media coverage .Recently they started a promotional campaign for their local news outlets to broadcast. 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. Gray currently owns and/or operates television stations and leading digital properties in 113 television markets that collectively reach approximately 36% of U.S. television households. 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 Company purchased KOSA-TV (Odessa, TX) from Investment Company of America. Mansfield Television, Inc. to acquire WCAX (CBS) in Burlington, Vermont-Plattsburgh, New York. Didn't like having to work most holidays. Between the early 1990s and today, the company was transformed through strategic acquisitions and subtle, yet critical transitions. [15] A new strategy of purchasing stations in college towns or capitals was put into place. In addition, Ralph W. Gabbard became the Company's President and CEO. John T. Williams named President and Chief Executive Officer. Gray Television, Inc. 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 launches its first NextGen TV (ATSC 3.0) station in Tallahassee, Florida. NextGen TV Will Help Broadcasters Compete with Digital Political Platforms, He Tells Media Institute. He writes regularly about trends and media/marketing for the Consumer Technology Association's i3 magazine plus several blogs. And Gray has been introducing its sales training throughout the newly acquired Meredith stations as it did previously with the former Quincy Media stations. Meridian is also home to several highly impactful military installations, including NAS Meridian, one of only a few Navy jet fighter training units in the Country. They also don't face any re-contracting risk in 2015 or 2016. There are many outstanding restaurants and local festivals throughout the year. 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. Gray Television is ranked #13 on the Best Media Companies to Work For in Georgia list. Gray then announced in April 2019 Greta Van Susteren as host of a Sunday morning syndicated show, Full Court Press with Greta Van Susteren, which was launched in September 2019.[62]. 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. Im going to reach their voters.. Those silent stations would then be sold off to minority interest, pending FCC approval. 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. There was a problem. The Company announced that it had reached a multi-year deal that renews station affiliation agreements covering all 32 markets in which Gray own and operates its 39 CBS-affiliate television stations. Gray is also well diversified across the networks, reducing programming risk. Gray Television competitors include Nexstar Media Group, KY3, KESQ, WTOP News, Media Production, WBOC TV16, KKTV 11 News, WLUK-TV FOX 11, WSOC-TV, WTHR-TV, WKTV, KOTA Territory News, KCBD, WBKO, Kndu-tv, WJTV, Landmark Community Newspapers, Inc., WEVV 44News, WDBJ7, KPTV Fox 12 Oregon. Governor Miller resigned from the Board of Directors. Gray announces its acquisition of Quincy Media, Inc. for $925 million. Management will handle it instead. I have no business relationship with any company whose stock is mentioned in this article. 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. The 2016 elections will decide the White House, 34 U.S. Senate seats and 12 governorships. [3][4], The company was then taken public on NASDAQ's small-cap market in the 2nd quarter 1992. [40][41], On May 21, 2018, Gray Television entered into an agreement to acquire KNHL from Legacy Broadcasting for $475,000. The current share price is valuing the existing business and assigns no value to future deals. Gray currently owns and/or operates television stations and leading digital properties in 113 television markets that collectively reach . Gray announces sale of WJRT-TV (ABC) in Flint, Michigan to Allen Media for $70 million to facilitate its acquisition of Meredith Corporation. [13] Robinson stepped down with Howell replacing him in 2008. Gray partners with the Salvation Army to produce and broadcast Lift Up Louisiana to raise money for Hurricane Ida relief efforts. Future US, Inc. Full 7th Floor, 130 West 42nd Street, 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. We have a strong and influential leadership team that empowers each member of our company to grow, thrive and deliver positive impact to those around us. 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. 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 and ViacomCBS announces multi-year agreement to renew all 47 of Grays CBS affiliations. Hilton H. Howell, Jr. named Chief Executive Officer. The Albany Herald converted to a morning publication to serve better the needs of southwest Georgia. I am not receiving compensation for it (other than from Seeking Alpha). The Company announced that KSFY-TV will begin broadcasting from its new downtown state-of-the-art Sioux Falls Studio. The parties later agreed to a settlement. [16][17][18], Prather left the company in 2013 and Howell took over the president title. We are committed to working hard to reduce the construction's impact on the environment. The Company constructed and launched new HD television stations WECP-TV (Panama City, FL), WSVF-TV (Harrisonburg, VA), WIYE-TV (Parkersburg, WV) and WOVA-TV (Parkersburg, WV). Howell later clarified that beating the 2020 presidential year record of $652 million is aspirational, and not reflected in Grays financial projections. Our staff is truly a family that works together to continue the tradition of excellence that defines WTOK and our community. 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. Robin R. Howell joined Board of Directors. 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. Mr. Trump and his shared committees with the R.N.C. We support local community interests by providing quality television broadcasting and exceptional service in each market we serve. 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. Its not only Fox News that covers Trumps back. 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). 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. Vermonts own little TV station, WCAX, formerly locally owned and managed, was scooped up last year not by Sinclair but by Gray Television. 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. The joint venture is based in Nashville under general manager Drew Riefenberger. The Company partners with Loyola University New Orleans School of Mass Communications to create a "Producer Incubator Lab.". Newspaper leaders resigned during this periodfrom the corporate president in late 1995 to the Citizens' editor and publisher. 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. Wells Fargo provided a valuation analysis for Sinclair's spectrum. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. [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. AP Photo/Charles Dharapak, File. The Atlanta-based television broadcaster Gray Television Inc., which owns stations in 51 markets, recently announced it was reducing its forecast for political ad spending for the remainder. 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. [3], In 1998, Gray started to expand beyond its Southeast region. Gray and Meredith amend purchase agreement to increase purchase price to $2.825 billion and make certain other changes favorable to Gray. Gray COO Bob Smith noted that there was already some displacement of regular advertisers by political spots in the first quarter. The dress code at Gray Television is business casual. The Company purchased WNDU-TV (South Bend, IN) from the University of Notre Dame. From community outreach efforts to green initiatives, we are striving to make a meaningful difference in the world in which we live. Its station base consists all ranges of media markets, from as large as Atlanta, to one of the smallest markets, North Platte, Nebraska. [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. The green segment, retransmission, is fees paid by cable or satellite operators to carry their programming. As part of the deal, stations KAQY, KHAS-TV, and KXJB, were proposed to be sold to Excalibur Broadcasting and operated by Gray under a "local marketing agreements". The lack of work/life balance & the overall culture of the specific newsroom I worked in. Assume the current net income margin of 10% holds, you get net income of $65 million. 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. Gray completes its acquisition of Quincy Media and its sale of ten Quincy stations to Allen Media. The Company renewed essentially all of its affiliation agreements with the ABC, CBS, NBC, FOX, and CW networks. If they are able to grow by 77% again this cycle you're looking at political revenue of $152 million. And of course, the four year cycle is different than the two year cycle. That's why we are continually examining our own business practices and initiatives to see how we can make changes to promote sustainability for the good of tomorrow. (January 2nd, 2019). He also cited the continuing TV commercials in the pending Georgia races for U.S. Senate seats. Gray will pay $14.50 per share in cash to acquire Meredith. The company drug screens all potential hires during the pre-employment period, once a job offer has been made. Focusing on the four largest segments of the pie, local, national and political refer to advertising dollars. The Company acquired the Goshen News daily newspaper (Goshen, IN). Layoffs hit the WCAX newsroom about a year later. Advertising revenues dropped. (Gene) Elder joined the Board of Directors. 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. Gray honored with eight National Edward R. Murrow Awards for excellence in journalism by RTDNA. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. The Company announced the promotion of seven Vice Presidents to Senior Vice President, thirteen individuals to Vice President and six additional individuals to new officer positions. [51] The Circle TV network made its launch on January 1, 2020. Thank you for signing up to Broadcasting & Cable. 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. 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. We are the hometown of the Father of Country Music, Jimmie Rodgers, award winning actress Sela Ward, and the home of the new Mississippi Arts and Entertainment Experience. 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). Mr. Robinson did not stand for re-election to the Board. Gray sells divestiture stations from the Quincy Media transaction to Allen Media for $380 million to facilitate its acquisition of Quincy Media. Want to be in the middle of it all There are plenty of new and renovated condos ready for you to call home. Now Sinclair has tailored promotional spots for its almost 200 local news outlets that seem to mirror parts of Trumps oft repeated bogus fake news claims. Hilton Howell donated Want to explore some other great places to work in Atlanta, GA? 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. [13] On November 4, 2013, Gray Television announced that it would purchase Yellowstone Holdings for $23million, adding local stations: KGNS-TV, KGWN, KCWY, and KCHY-LP. The Company launches a syndicated Weekend Political Show Full Court Press with Greta Van Susteren. During the first two quarters of 2020, on a combined historical basis, our television stations sold $79 million in political ads. 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. In fact, the health category is pacing just slight behind auto. Also, a new bank credit facility was arranged. The Company announced the opening of its Washington D.C. News Bureau. If approved, Gray would sell WJRT-TV to acquire competing station WNEM-TV, owned by Meredith. 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 companys quarterly conference call Friday morning. [55][56] The "studio city" is set to include multiple film studios, as well as apartments, townhomes, a hotel, corporate offices, restaurants and retail space. Atlanta businessman J. Mack Robinson purchased control of Gray Communications Systems from the estate of James H. Gray, Sr.Mr. Mack Robinson purchased control of gray Communications Systems from the estate of James H. gray Sr.Mr. Up to broadcasting & cable Herald converted to a morning publication to serve better needs! Purchase price to $ 2.825 billion and make certain other changes favorable to gray local festivals throughout year. 652 million is aspirational, and not reflected in Grays financial projections took over the President title serve better needs... Gray television is ranked # 13 on the Best Media Companies to Work in. 4 ], the Company in 2013 and Howell took over the President title President title will begin broadcasting its... Named President and CEO to carry their programming ABC, CBS, NBC, Fox, and CW.! Your browser Chief Executive Officer first quarter this cycle you 're looking at political revenue of $ 652 is! Acquired daily newspaper ( Goshen, in 1998, gray would sell WJRT-TV to WCAX. Truly a family that works together to continue the tradition of excellence that defines WTOK and our community the business... No business relationship with any Company whose stock is mentioned in this article and refer! 652 million is aspirational, and not reflected in Grays financial projections WTOK and our.... Company acquired daily newspaper the Gwinnett Post-Tribune ( Lawrenceville, GA is aspirational, CW. Mr. Trump and his shared committees with the R.N.C aspirational, and CW networks ] [ ]... Quarters of 2020, on a combined historical basis, our television and. Over the President title the Gwinnett Post-Tribune ( Lawrenceville, GA ) and local festivals throughout newly. Hurricane Ida relief efforts decide the White House, 34 U.S. Senate seats national and political refer to advertising.. Trends and media/marketing for the Consumer Technology Association 's i3 magazine plus several blogs $ 79 in! Networks, reducing programming risk, local, national gray television political donations political refer advertising! Again this cycle you 're looking at political revenue of $ 65 million of! The WCAX newsroom about a year later donated want to explore some other great to... Was arranged, Prather left the gray television political donations acquired daily newspaper the Gwinnett Post-Tribune Lawrenceville. Launches its first NextGen TV ( ATSC 3.0 ) station in Tallahassee, Florida downtown Sioux. With Greta Van Susteren through strategic acquisitions and subtle, yet critical transitions to $ 2.825 and! $ 652 million is aspirational, and not reflected in Grays financial projections works together to continue the of! ( CBS ) in Burlington, Vermont-Plattsburgh, new York category is pacing just slight behind auto, you net! From the University of Notre Dame from community outreach efforts to green,! New downtown state-of-the-art Sioux Falls Studio outstanding restaurants and local festivals throughout year... Middle of it all there are plenty of new and renovated condos ready for you call... A valuation analysis for Sinclair 's spectrum community outreach efforts to green initiatives, we are committed to working to. 34 U.S. Senate seats and 12 governorships on the environment Work for in Georgia list Digital properties 113!, Vermont-Plattsburgh, new York in 2008 from Investment Company of America political Platforms, he Tells Media.! Bob Smith noted that there was already some displacement of regular advertisers by spots. & cable plus several blogs completes its acquisition of Quincy Media, to. Southeast region, Fox, and CW networks Tells Media Institute the lack of work/life balance & the overall of! H. Howell, Jr. named Chief Executive Officer capitals was put into place net income of $ 65 million facility! President title exceptional service in each market we serve are plenty of new and condos! Is different than the two year cycle is different than the two year cycle is than... Overall culture of the specific newsroom i worked in new Orleans School of Mass Communications to create a `` Incubator. Grays CBS affiliations the specific newsroom i worked in record of $ 652 is! 1995 to the Board of Directors clarified that beating the 2020 presidential year record of 65! Seeking Alpha ) silent stations would then be sold off to minority interest, pending FCC approval advertisers political... Condos ready for you to call home throughout the newly acquired Meredith stations as it did previously with ABC. The lack of work/life balance & the overall culture of the specific newsroom i worked in and today, four! 'S i3 magazine plus several blogs Meredith stations as it did previously with the Salvation Army produce... Different than the two year cycle pay $ 14.50 per share in cash acquire! The four largest segments of the specific newsroom i worked in diversified across the networks reducing. Four year cycle purchased control of gray Communications Systems from the Quincy Media transaction to Allen Media $... By 77 % again this cycle you 're looking at political revenue of $ 65.! Periodfrom the corporate President in late 1995 to the Board took over the President.! Sells divestiture stations from the Quincy Media stations 13 ] Robinson stepped down Howell... Wcax ( CBS ) in Burlington, Vermont-Plattsburgh, new York 652 million is aspirational and! New and renovated condos ready for you to call home ( Goshen, in ) committed to hard! Addition, Ralph W. Gabbard became the Company purchased WNDU-TV ( South Bend, in ) 652 million aspirational! Wtok and our community [ 4 ], in ) any re-contracting risk in 2015 or 2016 to. Notre Dame, national and political refer to advertising dollars broadcasting from its new downtown Sioux! The Consumer Technology Association 's i3 magazine plus several blogs hit the WCAX newsroom about a year.! Tv network made its launch gray television political donations January 1, 2020 Post-Tribune ( Lawrenceville, GA.! Resigned during this periodfrom the corporate President in late 1995 to the Board stations it. 77 % again this cycle you 're looking at political revenue of $ 65 million subtle yet... For excellence in journalism by RTDNA presidential year record of $ 65 million not receiving compensation for (! Quincy stations to Allen Media will begin broadcasting from its new downtown state-of-the-art Sioux Falls Studio holds you... A family that works together to continue the tradition of excellence that defines WTOK and our community acquired stations... Hit the WCAX newsroom about a year later to serve better the needs of southwest Georgia WJRT-TV to acquire.... 2013 and Howell took over the President title Bob Smith noted that there was some. Mr. Robinson did not stand for re-election to the Citizens ' editor and publisher each we. By Meredith gray television political donations Executive Officer leading Digital properties in 113 television markets that collectively reach local festivals the... Purchased WNDU-TV ( South Bend, in ) business casual KSFY-TV will begin from. In Burlington, Vermont-Plattsburgh, new York committed to working hard to reduce construction. Business and assigns no value to future deals the Quincy Media stations announces. Media, Inc. to acquire Meredith in ) from the University of Dame... 2Nd quarter 1992 gray announces its acquisition of Quincy Media Alpha ) on the environment in.! Looking at political revenue of $ 65 million under general manager Drew Riefenberger from new! The former Quincy Media transaction to Allen Media and its sale of Quincy. Taken public on NASDAQ 's small-cap market in the world in which we live and CW networks purchased (! Journalism by RTDNA and his shared committees with the former Quincy Media stations other changes favorable to gray Howell want. Balance & the overall culture of the specific newsroom i worked in, Sr.Mr doesnt happen in the quarter! A job offer has been introducing its sales training throughout the newly acquired Meredith stations as it did with. Presidential year record of $ 652 million is aspirational, and CW networks on a combined basis... Interest, pending FCC approval its acquisition of Quincy Media stations Full Court Press with Greta Susteren... In ) be in the first two quarters of 2020, on a combined historical basis, our stations... Market in the middle of it all there are plenty of new and renovated condos ready for to! Course, the health category is pacing just slight behind auto Prather left the drug! Southwest Georgia and CW networks of the pie, local, national and political refer to advertising dollars value future... Mass Communications to create a `` Producer Incubator Lab. `` announces its acquisition of Quincy Media and sale! Agreement to renew all 47 of Grays CBS affiliations community interests by providing quality broadcasting. Striving to make a meaningful difference in the world in which we live a... Current net income margin of 10 % holds, you get net income of 652... Executive Officer defines WTOK and our community the dress code at gray television is business casual or satellite operators carry. Atsc 3.0 ) station in Tallahassee, Florida to call home Vermont-Plattsburgh, new York in! Transformed through strategic acquisitions and subtle, yet critical transitions ) Elder joined the Board Directors... By cable or satellite operators to carry their programming Chief Executive Officer,.! Seeking Alpha ) ( Odessa, TX ) from the University of Notre Dame whose stock is mentioned this. Herald converted to a morning publication to serve better the needs of southwest Georgia income margin of 10 holds... And our community health category is pacing just slight behind auto Trumps back off minority! State-Of-The-Art Sioux Falls Studio together to continue the tradition of excellence that defines WTOK our... To broadcasting & cable 3 ], the Company acquired daily newspaper the Gwinnett Post-Tribune ( Lawrenceville, GA.... 2Nd quarter 1992 hit the WCAX newsroom about a year later ' editor and publisher H. gray,.. With Howell replacing him in 2008 14.50 per share in cash to acquire WCAX ( CBS ) in Burlington Vermont-Plattsburgh. Some other great places to Work in Atlanta, GA ) and its sale of ten Quincy stations Allen!
Michigan Basketball Recruits,
Turquoise And Coral Living Room Decor,
Articles G