It was founded way back in 1897. Just last month, Gray Television Inc. and Raycom Media Inc. announced a $3.6 billion merger that would make them the third-largest TV . Gray Television, Inc. is a broadcast company headquartered in Atlanta, Georgia. The Company also sold WALB-TV (Albany, GA). Gives a whole new spin to the late columnist Peter Freynes moniker for WCAX: he always called it WGOP; only now, of course he might call it WFOX, or WGRAY. Gray is the nations second largest television broadcaster, with television stations serving 113 markets that reach approximately 36 percent of US television households. The Company announced that KSFY-TV will begin broadcasting from its new downtown state-of-the-art Sioux Falls Studio. The Company closed its acquisition of television stations from Schurz Communications, Inc. and related station acquisitions and divestitures with other counter-parties. 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. If you have an ad-blocker enabled you may be blocked from proceeding. 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. 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. This is a place for dedicated, ambitious team players who pursue meaningful news stories. [22], The sale was completed on June 13, 2014. Kevin P. Latek named General Counsel. CEO Hilton Howell named President. Health Care, Dental Care, & Free Parking (if in the city). []At the end of the promo, viewers are encouraged to send in feedback if you believe our coverage is unfair. The instructions say that corporate will monitor the comments and send replies to your audience on your behalf. In other words, local stations are cut out of the interactions with viewers. 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. It also purchased WRDW-TV (Augusta, GA) and sold KTVE-TV (Monroe, LA/El Dorado, AK). Mansfield Television, Inc. to acquire WCAX (CBS) in Burlington, Vermont-Plattsburgh, New York. Atlanta, April 08, 2019 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray," "we," or "our") (NYSE: GTN) announced today that it will launch a new weekly program this September called "Full. Through December 31, 2012, Gray would earn $2.2million and an opportunity to earn additional specified incentive fees if certain performance targets were exceeded. [37] On May 4, 2017, Gray announced its intent to acquire WCAX-TV in Burlington, Vermont from Mount Mansfield Television for $29million. Thank you for signing up to Broadcasting & Cable. 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. 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). Local news is the most desired location for most political advertisers. 1897 The Company moved to the New York Stock Exchange (NYSE), trading under the symbol GCS. The twin cities have a unique small town feeling, but offers big city amenities, including a vibrant arts community, a city-wide, all-terrain trail system and world-class dining and nightlife. Robinson, Bull Run's chair, took over as interim CEO and president with Bull Run CEO Robert Prather as interim executive vice-president, acquisitions. In addition, Ralph W. Gabbard became the Company's President and CEO. We are committed to working hard to reduce the construction's impact on the environment. 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. It's not just Sinclair that is consolidating, however. Gray Television is ranked #13 on the Best Media Companies to Work For in Georgia list. And Gray has been introducing its sales training throughout the newly acquired Meredith stations as it did previously with the former Quincy Media stations. The entire downtown area has been re-imagined with top tier restaurants, shopping, bars, clubs and a variety of art galleries. Barry Lewis, Richard L. Boger and Howell W. Newton joined Gray's Board of Directors, and James H. Gray, Jr. resigned from the Board. [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 Company purchased KKCO-TV (Grand Junction, CO), WSWG (Albany, GA), and WSAZ-TV (Huntington, WV) in three separate transactions.In addition, the Company spun off its five daily newspapers and wireless messaging business into the newly formed Triple Crown Media. [53] Gray's acquisition of Quincy Media was completed on August 2. 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 launches Full Court Press Now a late night newscast providing the latest developments on COVID-19 Pandemic. Gray purchases Third Rail Studios in Doraville, Georgia. 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. There will be markets where ATSC 3.0 will matter, he said and it will increase during the next four year. In 1991, to break the stalemate, the board of directors had the company purchase 25% of their shares. This seesaw motion isn't random, it matches the election cycle. Mr. Robinson resigned as Chief Executive Officer and continued as Chairman Emeritus. Gray launched WALB-TV in 1954. The Company agrees to acquire WVIR (NBC) in Charlottesville, Virginia, and to divest television stations WCAV (CBS/FOX) and WVAW (ABC) in that market. But that's probably not the whole story. The Company wins 19 Regional Edward R. Murrow Awards for excellence in journalism. Gray Television has never seen spending start earlier than we did for the 2020 cycle, he added, citing ad buys in Maine for Senator Susan Collins reelection effort a full year before the general election. He also pointed to the first order (albeit a small one) from Democratic primary hopeful Tom Steyer in February 2019. Gray expands its Washington DC news team adding two senior journalists - Jon Decker joins as Senior National Editor and White House Correspondent and investigative reporter Sandra Jones joins Investigate TV. Gray Television supports local community interests by providing quality television broadcasting and exceptional service in each market we serve. The promo script, they say, belies Sinclair managements actual agenda to tilt reporting to the right. 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. 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.. The company bought Gulflink Communications, Inc., a transportable satellite uplink business based in Baton Rouge, Louisiana, in April 1997 to go along with Lynqx. On January 1, Circle officially launches. Gray's television stations raise $12.6 million in donations benefiting local residents and local organizations in need during . [3], With its additional funds, Gray continued purchasing in 1997 with two announcements in January and February. 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. 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. 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 changed its name to Gray Television, Inc. Ray Deaver, who formerly oversaw KWTX-TV, KBTX-TV, and KXII-TV joined Gray's Board of Directors. We are business leaders in our local economies and servant leaders in our communities. Gray Televisions InvestigateTV receives two first place National Headliner Awards. 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 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 this Gray TV guide to political ads, we'll break down the federal rules on political advertising. LaPlatney said that Gray TV is fully committed to the 3.0 rollout, but because many of its stations are in smaller markets, it may be a while before the service debuts throughout its footprint. Have you worked at Gray Television? The Company reached an agreement with Withers Broadcasting Company to acquire WDTV (CBS) and WVFX (FOX/CW) in Clarksburg, West Virginia. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. 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). I think its going to be a gargantuan year in this mid-year election. [43][44][45], Although Gray foresaw that the acquisition would receive regulatory approval quickly, due to limited market overlap between the two companies and its still-relatively low total market reach post-acquisition. KWCH Partners with United Way of Reno County to Help Cottonwood Complex Fire Victims, KWCH and KLF Raise $1.9 Million for Wildfire Relief, ABC21 ANNOUNCES EXPANSION, LAUNCH OF 7 P.M. NEWSCAST, KWCH Partners with KLF on Wildfire Relief Fund, NBC15 Share Your Holidays final meal count revealed, 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. James Harrison Gray, Sr. acquired the Herald Publishing Company. Gray announces that legendary news anchor and journalist Monica Kaufman Pearson has joined its Atlanta television stations, CBS46 and Peachtree TV. With two interstate highways and a regional airport offering daily jet service flights to a major hub, Meridian is convenient to everywhere. The bureau was designed to provide enhanced coverage of national political issues for Gray's local stations. While mostly unnoticed until now, after getting the rights to broadcast the gubernatorial debate, it may not go unnoticed . Gray closes on acquisition of previously announced Meredith Corporations Local Media Group. Sinclair is already the biggest owner of local television stations in the country with 173 it either owns or operates and Tribune will give it dozens more, furthering the companys ambitions. They seem to do a good job building team chemistry and my coworkers seem like nice people. Over the years Gray has done a great job of operating their company. [52], On February 1, 2021, Gray Television announced its intent to acquire all Quincy Media's broadcasting properties for $925 million in cash. (Gene) Elder joined the Board of Directors. Robinson, Robert S. Prather, and Hilton H. Howell, Jr. joined Gray's Board of Directors. Gray Television's roots begin in January 1891 with the creation of the Albany Herald in Albany, Georgia. Gray forms a new sales and sponsorship entity called Gray Sports + Entertainment Sales. [32][33], On May 13, 2016, Gray announced that it would acquire WDTV and WVFX in Clarksburg, West Virginia from Withers Broadcasting for $26.5million. Gray Television Chairman-CEO Hilton Howell was upbeat, to say the least, when describing the outlook for political ad spending this year. Utilize solar powered trailers and fuel-efficient vehicles where possible to reduce carbon footprint. Van Susteren told The LA Times: [] she expects Grays geographical reach to help in booking presidential candidates to appear on the program. Gray Television employees are most likely to be members of the Republican Party. The pattern gets more interesting as you dig into the segments. During that period, Gray Television divested all the newspapers and television stations that it owned prior to 1993 other than WJHG. Gray Television, Inc. is an American publicly traded television broadcasting company based in Atlanta, Georgia. Gray Television ( NYSE: GTN, NYSE: GTN.A) is a television broadcast company based in Atlanta. The Company changed its name to Gray Communications Systems, Inc. and launched an initial public stock offering . [34] On June 3, 2016, it was announced that Gray would acquire two stations that were spun-off from the Nexstar-Media General merger; KWQC-TV in Davenport, Iowa and WBAY-TV in Green Bay, Wisconsin for $270million. They had Gray purchase 14 Benedek Broadcasting stations while that company was in bankruptcy. Mr. Deaver resigned from the Board of Directors. Gray announces that it has entered into agreements with the ABC network, CBS network and NBC network that extend the terms of the affiliation agreements for all ABC, CBS and NBC affiliated stations acquired in the Raycom Merger as well as the ABC affiliations for all of the legacy Gray stations. [49][50], Gray announced on April 24, 2019, a joint venture with Grand Ole Opry Entertainment Group, a subsidiary of Ryman Hospitality Properties, a former owner of The Nashville Network. [3], In August and September 1996, Gray raised additional operating funds by various means. Gray currently owns and/or operates television stations and leading digital properties in 113 television markets that collectively reach . The Company announced record-setting audience rankings during the November 2017 sweeps period conducted by the Nielsen Company. Not much. 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. Sinclair Broadcasting, the largest owner of local TV stations in the U.S., is widely known as a champion of right-wing GOP causes. Meeting new people in the reporting area of the business. The Company purchased WJRT-TV (Flint-Saginaw-Bay City, MI) and WTVG-TV (Toledo, OH) from SJL Holdings, LLC. [4], In September 2015, Gray announced that it would acquire the television and radio stations of Schurz Communications for $442.5million. The Company selected by TVNewsCheck as "2016 Station Group of the Year". And of course, the four year cycle is different than the two year cycle. by Hilton Howell. The Company reached an agreement with Diversified Communications to acquire WABI (CBS/CW) in Bangor, Maine and WCJB (ABC/CW) in Gainesville, Florida. James C. Ryan, formerly CFO of Busse Broadcasting Corporation, named Vice President and Chief Financial Officer.
Gray partners with the Salvation Army to produce and broadcast Lift Up Louisiana to raise money for Hurricane Ida relief efforts. 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. Layoffs hit the WCAX newsroom about a year later. He writes regularly about trends and media/marketing for the Consumer Technology Association's i3 magazine plus several blogs. The dividend is payable on March 31, 2023, to shareholders of Gray Television is an unmatched broadcast pioneer that keeps getting bigger and better. Assume the current net income margin of 10% holds, you get net income of $65 million. Gray closes Hoak deal; completes refinancing. raised $80 million online during that period; Ms. Loeffler and Mr. Perdue combined for closer to $75 million. NextGen TV Will Help Broadcasters Compete with Digital Political Platforms, He Tells Media Institute. The services would consist of a broadcast diginet and an OTT streaming platform. TV-news veteran Greta Van Susteren has joined Gray Television as a national political analyst who will provide news operations at the company's TV stations with . 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. 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. Jacqueline Policastro, the Washington bureau chief for Gray Television, was among those at a special White House dinner after Trump addressed Congress last year. The Company breaks ground on new WRDW-TV Station facility in Georgia. The employee data is based on information from people who have self-reported their past or current employments at Gray Television. Gray announces its acquisition of Quincy Media, Inc. for $925 million. Help other job seekers by rating Gray Television. Latek had earlier spelled out just how much political demand is up this year. While every two years there are elections, we only get a presidential election every four. By this time, Robinson, directly or through Bull Run, owned 44% of the company's stock. $21,800 to the Republican Party. I consent the use of my personal data in accordance with Future's. The plan included Gray Television coming in as an outside party to advise on the operations of Young-owned stations in seven markets through December 2012. 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. [33] In February 2019, Gray announced that award-winning journalist Greta Van Susteren has joined the company as its Chief National Political Analyst. [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'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. The lack of work/life balance & the overall culture of the specific newsroom I worked in. 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