[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. [30][31], In January 2016, Gray Television opened a national news bureau in Washington, D.C., led by former APTV journalist Jacqueline Policastro. To comply with federal regulators, Gray would divest Quincy stations in Tucson; Harrisburg, Illinois; Waterloo/Cedar Rapids, Iowa; and Madison, La Crosse, and Wausau in Wisconsin over to Allen Media Group. The Company purchased WQCW-TV (Charleston, WV) from Lockwood Broadcasting. [3], With its additional funds, Gray continued purchasing in 1997 with two announcements in January and February. [The Mueller investigation later vigorously denied the claim in a court filing]. ft. facility for KEVN and KOTA Stations in Rapid City, South Dakota. Several recipients of Nexstar donations, including Sens. Gray Television, Inc. is an American publicly traded television broadcasting company based in Atlanta, Georgia. Gray completes its acquisition of Quincy Media and its sale of ten Quincy stations to Allen Media. Gray Television's roots begin in January 1891 with the creation of the Albany Herald in Albany, Georgia. In their place, Gray Television acquired and, in some cases, built from scratch market-leading television stations focused on local communities. She previously covered politics at Gray TV's KFYR-TV in Bismarck, N.D. Josh Rultenberg Multimedia Journalist. Mr. Robinson resigned as Chief Executive Officer and continued as Chairman Emeritus. While that is good news and bad news to some degree, its a clear victory for in-house health and political sales teams, and our core stations have done outstanding work in developing this category. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. 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. 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. The Company launched a new logo, website, and mission statement, establishing for itself a new brand of excellence and localism based on the strength of its employees. Good foot in the door to broadcasting. The pattern gets more interesting as you dig into the segments. The Company acquired WJDM-TV (Panama City, FL) and changed the call letters to WJHG-TV to complement Mr. Gray's initials. To stay at the top we need to work hard every day and hire the right people. Gray Television's roots begin in January 1891 with the creation of the Albany Herald in Albany, Georgia. And this growth is likely to persist. Both Senate candidates lost . Total revenue has increased 88% from 2009 to 2014 in almost a straight line. Gray and ViacomCBS announces multi-year agreement to renew all 47 of Grays CBS affiliations. [13], In 2006, the company spun off its five daily newspapers and wireless messaging business into the newly formed Triple Crown Media,[4][14] later (in 2010) renamed Southern Community Newspapers. I have no business relationship with any company whose stock is mentioned in this article. 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. Politicians buy ad time to help them reach voters. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. Hilton Howell donated 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. I wrote this article myself, and it expresses my own opinions. The Board of Directors unanimously voted to expand the Board by one seat and elected Luis A. Garcia as a Director to fill that position. [35][36] At that time, Gray had already acquired Sioux Falls rival station KSFY. Gray intended to turn KNHL into a satellite of its NBC affiliate KSNB-TV. The Company agrees to acquire WVIR (NBC) in Charlottesville, Virginia, and to divest television stations WCAV (CBS/FOX) and WVAW (ABC) in that market. This time-proven company loves to hire graduates from Florida State University, with 12.8% of its employees having attended Florida State University. We are business leaders in our local economies and servant leaders in our communities. Those silent stations would then be sold off to minority interest, pending FCC approval. Gray leads fundraising round for Texas-based Envy Gaming. [13] Robinson stepped down with Howell replacing him in 2008. Gray Televisions Chairman and CEO, Hilton H. Howell, Jr. is named Broadcast & Cables Broadcaster of the Year (2019). 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 Company purchased KOSA-TV (Odessa, TX) from Investment Company of America. Layoffs hit the WCAX newsroom about a year later. 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.. This is a place for dedicated, ambitious team players who pursue meaningful news stories. Mansfield Television, Inc. to acquire WCAX (CBS) in Burlington, Vermont-Plattsburgh, New York. 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. With two interstate highways and a regional airport offering daily jet service flights to a major hub, Meridian is convenient to everywhere. Howell later clarified that beating the 2020 presidential year record of $652 million is aspirational, and not reflected in Grays financial projections. 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. Advertising revenues dropped. The data presented on this page does not represent the view of Gray Television and its employees or that of Zippia. 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. [28][29] It also purchased KCRG-TV in Cedar Rapids, Iowa from the locally owned Gazette Company, who owned the station from its sign-on in 1953. The twin problems caused its shares to trade at its lowest at 16 cents in 2008, thus the NYSE indicated they might delist the company. [22], The sale was completed on June 13, 2014. While the number of people opting not to pay for television continues to increase, this hasn't impacted Gray as these viewers are simply moving from cable to antenna. The Company acquired daily newspaper the Gwinnett Post-Tribune (Lawrenceville, GA). Visit our corporate site (opens in new tab). On August 20, KTVE was sold for cash and accounts receivable. After the spinoff, the total enterprise value of the transaction for Gray will be $2.7 billion. Gray Television's mission statement is "To include the capability of tuning and decoding over-the-air digital signals by 2007.". Copyright 2023 Gray Television, Inc. All Rights Reserved. Latek had earlier spelled out just how much political demand is up this year. Help other job seekers by rating Gray Television. Gray Television supports local community interests by providing quality television broadcasting and exceptional service in each market we serve. Gray partners with the Salvation Army to produce and broadcast Lift Up Louisiana to raise money for Hurricane Ida relief efforts. The Company wins 57 Regional Edward R. Murrow Awards for excellence in journalism in 23 Markets. Mr. Deaver resigned from the Board of Directors. [3], Also in September 1996, Ralph Gabbard, the newly named president and CEO, died from a heart attack at age 50. (January 2nd, 2019). Just last month, Gray Television Inc. and Raycom Media Inc. announced a $3.6 billion merger that would make them the third-largest TV . 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. [40][41], On May 21, 2018, Gray Television entered into an agreement to acquire KNHL from Legacy Broadcasting for $475,000. Gray partners with the Salvation Army to produce and broadcast Heal the Heartland to raise money for relief efforts around the massive Midwest tornado. Googles GNI Innovation Challenge selects Gray as the only broadcast to receive funding by supporting a multi-platform journalism project focused on health disparities called Bridging the Great Health Divide Mississippi Delta and Appalachia.. Dress codes may also take the form of casual or professional, depending on the department at Gray Television. * To subscribe, you must consent to Futures privacy policy. Require all tenants to utilize studio driven green initiatives across all their productions. Gray Television generates $2.1B in revenue. The Radio Television Digital News Association (RTDNA) awards a combined 49 Regional Edward R. Murrow awards for excellence in journalism to 21 of Grays local stations. I am not receiving compensation for it (other than from Seeking Alpha). [21] On March 25, 2014, Prime Cities Broadcasting, owner of KNDX/KXND, requested that the FCC dismiss the sale of KNDX/KXND to Excalibur. The lack of work/life balance & the overall culture of the specific newsroom I worked in. Management of Young Broadcasting stations. If you continue to use this site we will assume that you are happy with it. In 1960, Gray purchased WJHG-TV in Panama City, Florida, and followed it later in the decade with KTVE serving Monroe, Louisiana and southern Arkansas. Connecting with communities will always remain central to our mission. Robin R. Howell joined Board of Directors. One concern that is popular today is the risk of "cord cutters" - the younger generation that opts for Hulu and Netflix over traditional television. As President of Arlen Communications LLC, he has provided analyses about the development of applications and services for entertainment, marketing and e-commerce. Gray announces sale of WJRT-TV (ABC) in Flint, Michigan to Allen Media for $70 million to facilitate its acquisition of Meredith Corporation. 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 . The Company and NBC enter into TV Everywhere Agreement, and the Company launches all of its CBS stations on the CBS All Access platform. The green segment, retransmission, is fees paid by cable or satellite operators to carry their programming. Sinclairs political bent has been a factor in its pending acquisition of Tribune Media. 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. Hugh E. Norton joined Gray's Board of Directors. Through December 31, 2012, Gray would earn $2.2million and an opportunity to earn additional specified incentive fees if certain performance targets were exceeded. Atlanta businessman J. Mack Robinson purchased control of Gray Communications Systems from the estate of James H. Gray, Sr.Mr. [46][47][48] The deal was completed on January 2, 2019. Gray announces its acquisition of Meredith Corporations Local Media Group for $2.7 billion. Meridian, MS is a place people love to call home. Gray announces the initiation of a quarterly cash dividend, the first since the Great Recession. [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. Additionally, the FCC incentive auction starts in 2016 and the current valuation assigns no value to the spectrum assets. And, in some cases, built from scratch market-leading Television stations focused on local communities ft. facility for and... Lockwood broadcasting scratch market-leading Television stations and leading digital properties in 113 Television markets that collectively reach approximately percent. Is an American publicly traded Television broadcasting and exceptional service in each market we serve &. 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