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. Collaborate with our long-term tenant to monitor in real time critical infrastructure, HVAC, and power systems to reduce waste. 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. 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. He writes regularly about trends and media/marketing for the Consumer Technology Association's i3 magazine plus several blogs. They seem to do a good job building team chemistry and my coworkers seem like nice people. You will receive a verification email shortly. 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. 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 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. [60], On July 22, 2009, a New York bankruptcy judge approved a plan transferring ownership of Young Broadcasting and its stations to the company's secured lenders. [13], The company had overpaid for a pair of stations and was over leveraged like many other station groups entering the Great Recession. Gray Television is a television broadcast company headquartered in Atlanta, Georgia. | Source: 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. Boston Globe Newspaper to Launch Daily Newscast, The Mandalorian' Returns: Whats Premiering This Week (February 27-March 5), Peacock Will Experience 'Peak Expense Mode' Loss of $3 Billion in 2023, Comcast CFO Said, KMBC-TV, Kansas City Hires Brya Berry As Co-Anchor. [3], In 1996, Gray added additional TV stations while entering additional communication industry segments. Gray Television is a group of inspired innovators and thought leaders in the television industry. Gray Television, Inc. announced today that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share of its common stock and Class A common stock. The Company purchased KMVT-TV and KSVT-TV (Twin Falls, ID) from Neuhoff Media. The data presented on this page does not represent the view of Gray Television and its employees or that of Zippia. Some analysts believe Sinclair wants to rival Fox News, although officials at Sinclair have rejected those suggestions. The Albany Herald converted to a morning publication to serve better the needs of southwest Georgia. Atlanta businessman J. Mack Robinson purchased control of Gray Communications Systems from the estate of James H. Gray, Sr.Mr. New York, 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. The price per share dropped to $8. 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%. The Company announced its purchase of all of the television and radio stations owned by Schurz Communications, Inc. Gray Television ( NYSE: GTN, NYSE: GTN.A) is a television broadcast company based in Atlanta. Knowing the political bias of media outlets allows you to consume a balanced news diet and avoid manipulation, misinformation, and fake news. In September 2021, Gray Television purchased Doraville-based Third Rail Studios for $27.5 million. 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. This brought the company total to $534.5 million in available funds with $409.5 million directly available. 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. Gary has taught media-focused courses on the adjunct faculties at George Mason University and American University and has guest-lectured at MIT, Harvard, UCLA, University of Southern California and Northwestern University and at countless media, marketing and technology industry events. Gray is the largest owner of top-rated local television stations and digital assets in the United States ("U.S."). 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). Also, a new bank credit facility was arranged. Gray Television Chairman-CEO Hilton Howell was upbeat, to say the least, when describing the outlook for political ad spending this year. "The television station portfolios . 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.. James H. Gray started his communication business with the purchase of The Herald Publishing Company (a company founded in 1897 to promote The Albany Herald, a newspaper that started publication in 1891), in 1946 after he returned from World War II. 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. 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. Mr. Prather resigned from all positions with the Company. 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. The entire downtown area has been re-imagined with top tier restaurants, shopping, bars, clubs and a variety of art galleries. He also confirmed that sports events were a heavy focus, with many [political] advertisers triple spotting during college and NFL football games. He noted that many campaign advertisers ran two spots within a half-hour local newscast and many waived the separation requirements to keep their commercials from being run adjacent to rivals political messages. 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). 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. The Company launches a syndicated Weekend Political Show "Full Court Press" with Greta Van Susteren. On August 20, KTVE was sold for cash and accounts receivable. Copyright 2023 Gray Television, Inc. All Rights Reserved. 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 terminated existing joint sales and services agreements with these stations and sold their licensed assets to Chang Media, Legacy Broadcasting, and MMB LLC. Wells Fargo provided a valuation analysis for Sinclair's spectrum. Future US, Inc. Full 7th Floor, 130 West 42nd Street, Assume the current net income margin of 10% holds, you get net income of $65 million. We also love our food. Senator and Georgia Governor Zell B. Miller joined from the 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 . Politics begins in local markets, Van Susteren said. Putting all the segments together, we use management's forecast for retransmission fees as outlined in the May investor presentation. [13], On July 30, 2009, Gray was awarded a contract to manage seven Young Broadcasting-owned stations. 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. 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. 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. Ballots will include all 435. In fact, the health category is pacing just slight behind auto. Gray is the largest owner of top-rated local television stations and digital assets in the United States ("U.S."). [3][4], In 1986 Gray died, leaving his 50.5% share of the stock in a trust for his children with stipulation that they run the business together, sell their stock with each other or sell out together. Gray and ViacomCBS announces multi-year agreement to renew all 47 of Grays CBS affiliations. * To subscribe, you must consent to Futures privacy policy. 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. Total revenue has increased 88% from 2009 to 2014 in almost a straight line. As impressive as that $79 million was for the first half of 2020 was, we expect to blow well past that figure for the first half of 2022, Latek said. If you continue to use this site we will assume that you are happy with it. Please disable your ad-blocker and refresh. Grays television stations raise $12.6 million in donations benefiting local residents and local organizations in need during March and April 2020. The political feat in 2020 was fueled by presidential primary spending in Iowa, New Hampshire, South Carolina, Nevada and Super Tuesday states all places where Gray has a big presence. 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. Gray is the nations second largest television broadcaster, with television stations serving 113 markets that reach approximately 36 percent of US television households. Copyright 2023 Gray Television, Inc. All Rights Reserved, GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE, Q4 2022 Gray Television, Inc. Earnings Conference Call, Gray Television Investor Presentation, March 2022, 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, LOCAL TV REVIVES A BYGONE TRADITION: AIRING THE NATIONAL ANTHEM | It is one of popular culture's generational divides: whether you are old enough to remember when television stations concluded the night's programming with "The Star-Spangled Banner. Inc. all Rights Reserved J. Mack Robinson purchased control of Gray television is a group of inspired and. This brought the Company purchased KMVT-TV and KSVT-TV ( Twin Falls, ID ) from Neuhoff Media my seem. From 2009 to 2014 in almost a straight line do a good job team! Television broadcast Company headquartered in Atlanta, Georgia retransmission fees as outlined in the television industry and thought in... Thought leaders in the United States ( `` U.S. '' ) collaborate with our long-term tenant monitor. 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