Gray leads fundraising round for Texas-based Envy Gaming. Gray Television is a well-established company. The Company revives the daily tradition of airing the National Anthem by its stations each morning. Campaigns turned much more to broadcast television, he said. 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). Subsidiaries to Gray Television include KY3. 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.. 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. This eliminated the need to use additional of concrete, plastics and metal structures and minimizes the amount of maintenance and repairs that are typical of an underground system. I am now the local media. Loan covenants could have forced the company into default. Assume the current net income margin of 10% holds, you get net income of $65 million. Management will handle it instead. 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. The Company selected by TVNewsCheck as "2016 Station Group of the Year". In their place, Gray Television acquired and, in some cases, built from scratch market-leading television stations focused on local communities. Even so, the original tweet, which had accumulated thousands of retweets, remained up and continued to be shared. The Company purchased the operations other than the FCC licensed assets of WFXS-TV (Wausau-Rhinelander, WI) and KVTV-TV (Laredo, TX) from Davis Television, LLC and Eagle Creek Television, respectively. FOX CAROLINAS GIVE BLOOD CAROLINA MAKES A BIG DIFFERENCE FOR LOCAL PATIENTS AND THE RED CROSS! 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. They also don't face any re-contracting risk in 2015 or 2016. Radio Television Digital News Association (RTDNA) awards 57 Regional Edward R. Murrow Awards for excellence in journalism to 26 Gray stations. Gray expects political advertisements for these two races will continue running through January 5, 2021, the date of the special elections. In 1995, the company moved its stock listing to the New York Stock Exchange. Wells Fargo provided a valuation analysis for Sinclair's spectrum. There will be markets where ATSC 3.0 will matter, he said and it will increase during the next four year. Gray announces significant expansion to National Investigative Team. He also cited the continuing TV commercials in the pending Georgia races for U.S. Senate seats. If you continue to use this site we will assume that you are happy with it. 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. Gray completes its acquisition of Quincy Media and its sale of ten Quincy stations to Allen Media. The Company purchased Busse Broadcasting Corporation and its television stations, KOLN/KGIN-TV (Lincoln/Grand Island, NE) and WEAU-TV (Eau Claire, WI). 1897 To stay at the top we need to work hard every day and hire the right people. The Company purchased KEVN-TV/KIVV-TV (Rapid City, SD) from Mission TV, LLC. Politics begins in local markets, Van Susteren said. [51] The Circle TV network made its launch on January 1, 2020. Now some will read that as a "fair" or "full" price. Its not only Fox News that covers Trumps back. We know that the world is waking up to its environmental responsibility. Bull Run Corporation, primarily owned by J. Mack Robinson, decided to make Gray a Southeast regional media company, expanding its focus beyond the state of Georgia. The AllSides Media Bias Chart helps you to easily identify different perspectives and political leanings in the news so you can get the full picture and think for yourself. Sign up below. The dividend is payable on March 31, 2023, to shareholders of Gray Television is an unmatched broadcast pioneer that keeps getting bigger and better. Youll see the pie continue to grow. Gray Television is a group of inspired innovators and thought leaders in the television industry. In addition to network diversification, the business is also well diversified by source of revenue. Although the automotive category is struggling, other categories are growing. The Company launches a syndicated Weekend Political Show "Full Court Press" with Greta Van Susteren. 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 . Gray is the largest owner of top-rated local television stations and digital assets in the United States ("U.S."). Fortune Magazine announced that Gray Television ranked 77th in its ranking of the Top 100 Fastest Growing Companies in the World for 2016. [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. The parties later agreed to a settlement. In September 2021, Gray Television purchased Doraville-based Third Rail Studios for $27.5 million. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. We'll know a lot more in the coming quarters but the auction process could reveal an undiscovered asset worth hundreds of millions of dollars for Gray - none of which is reflected in the current valuation. Mr. Robinson resigned as Chief Executive Officer and continued as Chairman Emeritus. The community has an amazing musical and artistic history that combines the best of a small town atmosphere with the amenities of a much larger city. [53] Gray's acquisition of Quincy Media was completed on August 2. The pattern gets more interesting as you dig into the segments. Total 2016 revenue could be as much as $654 million. The promo script, they say, belies Sinclair managements actual agenda to tilt reporting to the right. [57], On May 3, 2021, Gray announced plans to buy the television division of Meredith Corporation for $2.7 billion. 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. The Company closes the acquisition of KDLT-TV (NBC, Sioux Falls, South Dakota). Related: Stations, Networks Eye Boom in Political Ad Spending. 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. [58] It is revealed that Allen Media Group would purchase WJRT-TV in Flint for $70 million. Between the early 1990s and today, the company was transformed through strategic acquisitions and subtle, yet critical transitions. 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. $21,800 to the Republican Party. On January 2, 2019, Gray Television completed its acquisition of Raycom, transforming it from a small, regional broadcaster to a leading media company with nationwide scale. Open Secrets which tracks political donations made by individuals shows that employees at AARP have donated $96,381 in the 2020 election cycle, most of which went to Democratic candidates. The Company purchased KMVT-TV and KSVT-TV (Twin Falls, ID) from Neuhoff Media. There was a problem. On January 2, 2019, Gray Television completed its acquisition of Raycom, transforming it from a small, regional broadcaster to a leading media company with nationwide scale. 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. 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. The Omaha area boasts an array of top attractions that can't be matched, from the World Famous Henry Doorly Zoo, to TD Ameritrade Park home of the NCAA Men's College World Series, and don't forget all of those fantastic award winning restaurants. Gray, The Grand Ole Opry and Circle Network partner for live Opry broadcasts to raise money for Feeding America. The Company breaks ground on new WRDW-TV Station facility in Georgia. The Herald Publishing Company was founded with the creation of the Albany Herald in Albany, Georgia. [13], On July 30, 2009, Gray was awarded a contract to manage seven Young Broadcasting-owned stations. large risk for cable companies or cable media companies but Gray will continue to capture these households whether it's through retransmission or directly through an antenna. Employees at the parent company, Gray Television, earn $52,796 whereas employees at KY3 earn $48,178, on average. 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. Gray and Meredith amend purchase agreement to increase purchase price to $2.825 billion and make certain other changes favorable to Gray. The Company launches Full Court Press Now a late night newscast providing the latest developments on COVID-19 Pandemic. 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. Gray is the largest owner of top-rated local television stations and digital assets in the United States ("U.S."). But thats precisely why some staffers were so troubled by it. 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. AllSides Media Bias Chart. (Gene) Elder joined the Board of Directors. 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. Latek had earlier spelled out just how much political demand is up this year. 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. Gray Television is known to have a strict drug testing policy. These records will be broken in 2024, he predicted, but he admitted, It hard for me to put that into context.. 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. The large Atlanta Georgia-based communication corporation may not share Sinclairs solid right wing reputation but they certainly have their sights set on New Hampshires First-in-theNation presidential primarys advertising profits. Mr. Deaver resigned from the Board of Directors. The Company reached an agreement with Diversified Communications to acquire WABI (CBS/CW) in Bangor, Maine and WCJB (ABC/CW) in Gainesville, Florida. If we take that $152 and gross it up for have 33% more household coverage, they have the potential to earn over $200 million of political revenue. Gray Television is ranked #13 on the Best Media Companies to Work For in Georgia list. 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. [16][17][18], Prather left the company in 2013 and Howell took over the president title. Our new travel and tourism team is also making meaningful contributions to our sales efforts, said LaPlatney. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. The company issued and sold Class B common stock (through a public offering), senior subordinated notes and preferred stock in September. We use cookies to ensure that we give you the best experience on our website. Grays Raycom Sports launches Origin Sports Network on the Roku Channel in Canada and XUMO in the United States. It also purchased WRDW-TV (Augusta, GA) and sold KTVE-TV (Monroe, LA/El Dorado, AK). They also named three other Gray stations as finalists for these prestigious awards. [59] The sale was completed on December 1. The combined company would be led by Raycom's current president and CEO Pat LaPlatney, with current Gray CEO Hilton Howell acting as executive chairman and co-CEO. Senator and Georgia Governor Zell B. Miller joined from the Board of Directors. Best Companies to Work For in Atlanta, GA, Best Media Companies to Work For in Georgia, Best Media Companies to Work For in Atlanta, GA. What Is The Dress Code At Gray Television? Gray Television, Inc. 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 $400 million in political advertisements since January 1, 2020, net of commissions and agency fees. 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. Concurrent with the Benedek acquisition, Gray acquired KOLO-TV (Reno, NV) from Smith Television Group, T.L. The Company closed its acquisition of television stations from Schurz Communications, Inc. and related station acquisitions and divestitures with other counter-parties. Gray Televisions WVUE (FOX, New Orleans, Louisiana) receives three Sigma Delta Chi Awards from The Society of Professional Journalists. 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. Robinson, Robert S. Prather, and Hilton H. Howell, Jr. joined Gray's Board of Directors. Recycled 88 acres of concrete and existing structure on the site when we purchased the property. The company put itself-or any part up-for sale by the end of 1992. Copyright 2023 Gray Television, Inc. All Rights Reserved, GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE, Q4 2022 Gray Television, Inc. 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