I wrote this article myself, and it expresses my own opinions. Hugh E. Norton joined Gray's Board of Directors. [4], In September 2015, Gray announced that it would acquire the television and radio stations of Schurz Communications for $442.5million. Mr. Trump and his shared committees with the R.N.C. [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. [27], In July 2015, Gray closed its accounting and human resources offices in Albany (housed in the same building as The Albany Herald), combining them with the corporate offices in Atlanta. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The Assembly Atlanta development is a 135-acre mixed-use real estate complex centered around the studio industry in Doraville, Georgia. The largest donation made to a political party by a Gray Television employee was The company issued and sold Class B common stock (through a public offering), senior subordinated notes and preferred stock in September. These records will be broken in 2024, he predicted, but he admitted, It hard for me to put that into context.. [13], The company had overpaid for a pair of stations and was over leveraged like many other station groups entering the Great Recession. We are business leaders in our local economies and servant leaders in our communities. We are working hard as a company to reduce our carbon footprint on the planet. [52], On February 1, 2021, Gray Television announced its intent to acquire all Quincy Media's broadcasting properties for $925 million in cash. This time-proven company loves to hire graduates from Florida State University, with 12.8% of its employees having attended Florida State University.
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]. raised $80 million online during that period; Ms. Loeffler and Mr. Perdue combined for closer to $75 million. [3], In 1996, Gray added additional TV stations while entering additional communication industry segments. Grays Raycom Sports launches Origin Sports Network on the Roku Channel in Canada and XUMO in the United States. 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%. FOX CAROLINAS GIVE BLOOD CAROLINA MAKES A BIG DIFFERENCE FOR LOCAL PATIENTS AND THE RED CROSS! Future US, Inc. Full 7th Floor, 130 West 42nd Street, 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. Owned by Branson Visitors TV; Gray holds a 50.1% interest in this company. We own and/or operate television stations and leading digital properties in 113 television markets that collectively reach approximately 36 percent of US television households. Robin R. Howell joined Board of Directors. * To subscribe, you must consent to Futures privacy policy. Gray Television Chairman-CEO Hilton Howell was upbeat, to say the least, when describing the outlook for political ad spending this year. Gray Television is a group of inspired innovators and thought leaders in the television industry. The Company acquired WITN-TV (Greenville-Washington-New Bern, NC). Campaigns also use political donations to hire staff and consultants.
Grays television stations raise $12.6 million in donations benefiting local residents and local organizations in need during March and April 2020. The Company renewed over 250 retransmission consent agreements at year-end with no disruptions to local viewers. [15] A new strategy of purchasing stations in college towns or capitals was put into place. The Company closed on the swap of KAKE-TV (Wichita, KS) for WBXX-TV (Knoxville, TN). The Company purchased KCRG-TV (Cedar Rapids, IA) from The Gazette Company. [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 made a $3 million strategic equity investment in Syncbak, a technology company that replicates over-the-air broadcasts for delivery over-the-top (OTT) of the Internet. The entire downtown area has been re-imagined with top tier restaurants, shopping, bars, clubs and a variety of art galleries. 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. 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. The Company breaks ground on new WRDW-TV Station facility in Georgia. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. Politics begins in local markets, Van Susteren said. 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. The Board of Directors unanimously voted to expand the Board by one seat and elected Richard B. Hare as a Director to fill that position. 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. 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. Management will handle it instead. ". As a result, Grays total net political revenue for the calendar year 2020 will exceed the $400 million level that was crossed yesterday. Grays Emmy award winning production company, Tupelo Honey, celebrates its 25th anniversary. Our new travel and tourism team is also making meaningful contributions to our sales efforts, said LaPlatney. Circle is a Country lifestyle network joint venture with partner Opry Entertainment Group, a subsidiary of Ryman Hospitality Properties. 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 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. The Company wins 19 Regional Edward R. Murrow Awards for excellence in journalism. 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. Also, a new bank credit facility was arranged. The Company closes the acquisition of KDLT-TV (NBC, Sioux Falls, South Dakota). Utilize solar powered trailers and fuel-efficient vehicles where possible to reduce carbon footprint. The Company purchased WAGM-TV (Presque, ME) from NEPSK, Inc. I am not receiving compensation for it (other than from Seeking Alpha). List of stations owned or operated by Gray Television, "Gray Television consolidating offices, leaving Albany", "Gray: Strong Stations, Smart Operations", "Atlanta-based TV-station operator to spin off newsletter, wireless units", "Daily Post's parent company changes name", "Banks' Bid on Young Stations Clears Hurdle", Who's Really Running Young Broadcasting? [30][31], In January 2016, Gray Television opened a national news bureau in Washington, D.C., led by former APTV journalist Jacqueline Policastro. Gray now owns nine of the top ten ranked NBC affiliates in the country. Please. If they are able to grow by 77% again this cycle you're looking at political revenue of $152 million. The Company purchased KMVT-TV and KSVT-TV (Twin Falls, ID) from Neuhoff Media. The Company closed its acquisition of television stations from Schurz Communications, Inc. and related station acquisitions and divestitures with other counter-parties. 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. 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 Television generates $2.1B in revenue. 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. Work from Nielsen shows this mid-single-digit growth continuing. They also named three other Gray stations as finalists for these prestigious awards. Gray will pay $14.50 per share in cash to acquire Meredith. We use cookies to ensure that we give you the best experience on our website. This brought the company total to $534.5 million in available funds with $409.5 million directly available. [16][17][18], Prather left the company in 2013 and Howell took over the president title. Overall, at Gray TV stations in 95 markets even through a longer-than-ever political process which began in early 2019 53% of total political revenue came between October 1 and November 3 (Election Day), LaPlatney explained during the monthly webcast of the Media Institute, a Washington think tank, on Monday (November 23). Gray Television's mission statement is "To include the capability of tuning and decoding over-the-air digital signals by 2007.". 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.. In September 2021, Gray Television purchased Doraville-based Third Rail Studios for $27.5 million. Jon Decker White House Correspondent and Senior National Editor. The Company purchased WNDU-TV (South Bend, IN) from the University of Notre Dame. 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. 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. Gary was founder/editor/publisher of Interactivity Report, TeleServices Report and other influential newsletters; he was the longtime curmudgeon columnist for Multichannel News as well as a regular contributor to AdMap, Washington Technology and Telecommunications Reports. The 2016 elections will decide the White House, 34 U.S. Senate seats and 12 governorships. Senator and Georgia Governor Zell B. Miller joined from the Board of Directors. The Company launches Full Court Press Now a late night newscast providing the latest developments on COVID-19 Pandemic. Gray forms a new sales and sponsorship entity called Gray Sports + Entertainment Sales. 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. I enjoy the people I've worked with and come across. [3], In 1994 and 1995, Gray purchased two newspapers, the Rockdale Citizen (acquired May 31, 1994) and Gwinnett Post-Tribune (acquired January 1995; quickly renamed Gwinnett Daily Post) and seven advertising weeklies. James Murdoch, who left the family Fox News business, donated over $2.25 million. We are committed to working hard to reduce the construction's impact on the environment. 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. Sign up below. Raycom Media, an employee-owned company, is one of the nation's largest privately-owned local media companies and owns and/or provides services for 65 television stations and 2 radio stations in 44 markets located in 20 states. The company bought Gulflink Communications, Inc., a transportable satellite uplink business based in Baton Rouge, Louisiana, in April 1997 to go along with Lynqx. The current share price is valuing the existing business and assigns no value to future deals. It's not just Sinclair that is consolidating, however. The Company and NBC enter into TV Everywhere Agreement, and the Company launches all of its CBS stations on the CBS All Access platform. They also paid me extremely poorly and never wanted to talk about a raise. Its station base consists all ranges of media markets, from as large as Atlanta, to one of the smallest markets, North Platte, Nebraska. The company put itself-or any part up-for sale by the end of 1992. 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