Our staff is truly a family that works together to continue the tradition of excellence that defines WTOK and our community. The promo script, they say, belies Sinclair managements actual agenda to tilt reporting to the right. Spot TV Forecast: After Political Bonanza In 22, Flat Will Suffice For 23, Top 30 Station Groups: Standard General Leaps Into Second Place With Tegna Acquisition, 13th Annual Women In Technology Awards Reception, Revenue Strategies: Advanced Targeting for Local TV. 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. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Didn't like having to work most holidays. On this Wikipedia the language links are at the top of the page across from the article title. Gray Television Stock Can Win From the 2020 Presidential Election | Barron's Media Feature A TV Stock That Can Win No Matter Who Wins the 2020 Election By Lawrence C. Strauss July 5, 2019. But that's probably not the whole story. On the right, a nonprofit called 45 Committee poured more than $23 million into the 2016 presidential race to support President Donald Trump. * To subscribe, you must consent to Futures privacy policy. Gray currently owns and/or operates television stations and leading digital properties in 113 television markets that collectively reach . Thank you for signing up to Broadcasting & Cable. A single Democratic leadership-aligned nonprofit called Majority Forward poured a record-breaking $46 million into 2018 elections from the left. 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 is a well run-business with a number of near-term tailwinds. NY 10036. Senator and Georgia Governor Zell B. Miller joined from the Board of Directors. 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. 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. CEO Hilton Howell named President. The National Association of Broadcasting Educational Foundation chose Gray's WJRT (ABC) in Flint, Michigan, as the winner of its 2018 Service to Community Award in the Media Market category and WCTV (CBS) in Tallahassee, Florida, as the winner in the Small Market category. [22], The sale was completed on June 13, 2014. NextGen TV Will Help Broadcasters Compete with Digital Political Platforms, He Tells Media Institute. 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. Gray Televisions WVUE (FOX, New Orleans, Louisiana) receives three Sigma Delta Chi Awards from The Society of Professional Journalists. Have you worked at Gray Television? I consent the use of my personal data in accordance with Future's. 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. 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. At Fox, Van Susteren once wondered if the government was wasting our tax dollars at NASA because of the long delay getting satellite images from Pluto back to Earth. Gray announces significant expansion to National Investigative Team. The current share price is valuing the existing business and assigns no value to future deals. [3], In 1996, Gray added additional TV stations while entering additional communication industry segments. Mansfield Television, Inc. to acquire WCAX (CBS) in Burlington, Vermont-Plattsburgh, New York. He pointed out that the Bloomberg Effect shattered records and created unprecedented spending levels during a six- or seven-week period, reaching levels that most political advertisers barely hit during the entire cycle. 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. The Companys television stations create an online Local Business Directory for thousands of local companies who remain open for business. In total, Gray owns and/or operates television stations and leading digital properties across 94 television markets, including the number-one rated television station in 68 markets and the first or second highest rated television station in 86 markets. 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. Gray Television's roots begin in January 1891 with the creation of the Albany Herald in Albany, Georgia. The Company renewed essentially all of its affiliation agreements with the ABC, CBS, NBC, FOX, and CW networks. The company was considered in 1996 by Fortune magazine as the 81st fastest growing company, having a 48% percent growth rate. [25][26] The sale was completed on September 15. You will receive a verification email shortly. There are many outstanding restaurants and local festivals throughout the year. This trend is a 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. Gray Television is known to have a strict drug testing policy. But thats precisely why some staffers were so troubled by it. Putting all the segments together, we use management's forecast for retransmission fees as outlined in the May investor presentation. Grays Emmy award winning production company, Tupelo Honey, celebrates its 25th anniversary. Report of unscheduled material events or corporate event. Subsidiaries to Gray Television include KY3. [20] On December 19, it was announced that stations KREX-TV and WMBB would be sold to Nexstar Broadcasting Group, while KFQX would be sold to Mission Broadcasting. And now, facing multiple investigations, President Trump can apparently count not only on Fox News nationally but on Sinclair Broadcasting to cover his troubled a ah, backside at the local level, while all three entities fart on democracy. The Company acquired WJDM-TV (Panama City, FL) and changed the call letters to WJHG-TV to complement Mr. Gray's initials. [4] Gray purchased two TV stations (WKYT-TV and WYMT-TV) from the failed and government-seized Kentucky Central Insurance Company in September 1994 after a court challenge to the sale by Kentucky Central builder Garvice Kincaid. 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%. As President of Arlen Communications LLC, he has provided analyses about the development of applications and services for entertainment, marketing and e-commerce. Sinclairs political bent has been a factor in its pending acquisition of Tribune Media. [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. Gray Television Chairman-CEO Hilton Howell was upbeat, to say the least, when describing the outlook for political ad spending this year. The Company acquired the Goshen News daily newspaper (Goshen, IN). To stay at the top we need to work hard every day and hire the right people. InvestigateTV was launched in 2018 and provides innovative, original journalism from a dedicated investigative team and key partners. 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 Company announced the passing of Second Founder J. Mack Robinson. It was founded way back in 1897. The Company subsequently announced the divestiture of all the radio stations and certain television stations to facilitate regulatory approvals. Hilton H. Howell, Jr. named Chief Executive Officer. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. The Company closes the sale of WCAV-TV (CBS/FOX) and WVAW (ABC) and the purchase of WVIR-TV (NBC), all in Charlottesville, Virginia. Although the automotive category is struggling, other categories are growing. 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. Omaha is a cultural gem right in the middle of the country. The show, R Gray Television is a well-established company. 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. In contrast to this stable and growing ad revenue, you have political - which, as you can see below, is the most volatile revenue line item. Gray is also well diversified across the networks, reducing programming risk. And this growth is likely to persist. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. 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 . Mr. Robinson named Chairman and Chief Executive Officer, Hilton H. Howell, Jr. named Vice Chairman, Robert S. Prather named President and Chief Operating Officer, and James C. Ryan named Senior Vice President. They also don't face any re-contracting risk in 2015 or 2016. Gray purchases Third Rail Studios in Doraville, Georgia. The Company launches a syndicated Weekend Political Show Full Court Press with Greta Van Susteren. Gray expects political advertisements for these two races will continue running through January 5, 2021, the date of the special elections. CNN, the Fox News Channel and MSNBC have not previously said publicly what constitutes acceptable political involvement for their paid commentators, which has made it difficult to know where the. [37] On May 4, 2017, Gray announced its intent to acquire WCAX-TV in Burlington, Vermont from Mount Mansfield Television for $29million. Its station base consists all ranges of media markets, from as large as Atlanta, to one of the smallest markets, North Platte, Nebraska. The pro forma portfolio includes 79 markets with the top-rated television station and 101 markets with the first and/or second highest rated television station according to Comscore's audience measurement data. 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. In addition to network diversification, the business is also well diversified by source of revenue. Total revenue has increased 88% from 2009 to 2014 in almost a straight line. 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. Help other job seekers by rating Gray Television. While the board of directors received about 40 offers, Bull Run Corporation purchased the remaining shares of the Gray siblings, who as part of the deal resigned from the board. 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. The new Young Broadcasting still held the final say on overall operations for their stations, including programming and personnel.[16][18]. Gray Television's roots begin in January 1891 with the creation of the Albany Herald in Albany, Georgia. We use cookies to ensure that we give you the best experience on our website. The Company renewed over 250 retransmission consent agreements at year-end with no disruptions to local viewers. James H. Gray, Jr. resigned as President and surgeon William E. Mayher, III joined Gray's Board of Directors. We are business leaders in our local economies and servant leaders in our communities. James Murdoch, who left the family Fox News business, donated over $2.25 million. [13], The company had overpaid for a pair of stations and was over leveraged like many other station groups entering the Great Recession. The National Association of Broadcasters Education Foundation (NABEF) selected KWTX-TV (CBS) in Waco, Texas, and KOLO-TV (ABC) in Reno, Nevada, to receive two of the three annual Service to America Awards. Gray now owns nine of the top ten ranked NBC affiliates in the country. Gray Television (NYSE:GTN, NYSE:GTN.A) is a television broadcast company based in Atlanta. I am now the local media. Related: Stations, Networks Eye Boom in Political Ad Spending. 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. [3][4], The company was then taken public on NASDAQ's small-cap market in the 2nd quarter 1992. The Company agrees to acquire WVIR (NBC) in Charlottesville, Virginia, and to divest television stations WCAV (CBS/FOX) and WVAW (ABC) in that market. Mr. Robinson did not stand for re-election to the Board. 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. The Company purchased WQCW-TV (Charleston, WV) from Lockwood Broadcasting. . 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.. Mr. Robinson resigned as Chief Executive Officer and continued as Chairman Emeritus. 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. [33] In February 2019, Gray announced that award-winning journalist Greta Van Susteren has joined the company as its Chief National Political Analyst. In their place, Gray Television acquired and, in some cases, built from scratch market-leading television stations focused on local communities. The Company revives the daily tradition of airing the National Anthem by its stations each morning. No concrete was hauled off site or shipped to landfills. The Company acquired WITN-TV (Greenville-Washington-New Bern, NC). 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. I wrote this article myself, and it expresses my own opinions. Gray will pay $14.50 per share in cash to acquire Meredith. The Company announced that it anticipated receiving $90,824,000 in proceeds resulting from the Federal Communications Commissions reverse auction for broadcast spectrum. Broadcast TV stations rely on advertising to make money. An experienced investor with more than a decade of experience working at some of the largest asset management organizations, I now focus full time on my personal investments and sharing unique ideas with the online value investing community. The price per share dropped to $8. Robin R. Howell joined Board of Directors. 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. Gray closes on acquisition of previously announced Meredith Corporations Local Media Group. $21,800 to the Republican Party. 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. , WV ) from Lockwood Broadcasting in 2015 or 2016 and Georgia Governor Zell B. 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