And this growth is likely to persist. Help us make this company more transparent. Politics begins in local markets, Van Susteren said. Gray and ViacomCBS announces multi-year agreement to renew all 47 of Grays CBS affiliations. At today's valuation of 17x earnings this accounts for the entire market cap. Additionally, the FCC incentive auction starts in 2016 and the current valuation assigns no value to the spectrum assets. The Company reached an agreement with Withers Broadcasting Company to acquire WDTV (CBS) and WVFX (FOX/CW) in Clarksburg, West Virginia. Gray partners with the Salvation Army to produce and broadcast Heal the Heartland to raise money for relief efforts around the massive Midwest tornado. It was founded way back in 1897. The employee data is based on information from people who have self-reported their past or current employments at Gray Television. Concrete was crushed on site and reused as Graded Aggregate Base (GAB) under the roadways and new structure slabs. 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. As President of Arlen Communications LLC, he has provided analyses about the development of applications and services for entertainment, marketing and e-commerce. Senators and Representatives serving their communities. [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. Recycled 88 acres of concrete and existing structure on the site when we purchased the property. The Company wins 57 Regional Edward R. Murrow Awards for excellence in journalism in 23 Markets. The Company acquired daily newspaper the Gwinnett Post-Tribune (Lawrenceville, GA). Robinson, Bull Run's chair, took over as interim CEO and president with Bull Run CEO Robert Prather as interim executive vice-president, acquisitions. The Company purchased WAGM-TV (Presque, ME) from NEPSK, Inc. Gray closes on its acquisition of Raycom Media, Inc. and all required divestitures. Broadcast TV stations rely on advertising to make money. The entire downtown area has been re-imagined with top tier restaurants, shopping, bars, clubs and a variety of art galleries. John Thune, Marsha Blackburn, Amy Klobuchar, and Ted Cruz, sit on the Senate subcommittee tasked with overseeing the FCC. Please. Gray Television Digital Content Producer Jobs, Gray Television Investigative Reporter Jobs, Gray Television Freelance Videographer/Editor Jobs, Gray Television Production Assistant Jobs, Gray Television Digital Marketing Coordinator Jobs, Phase 3 Marketing and Communications Jobs. 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. They own and operate stations in 44 markets, broadcasting 139 streams including 76 affiliates of the Big Four networks (ABC, CBS, NBC, and Fox). The Company reached an agreement with Diversified Communications to acquire WABI (CBS/CW) in Bangor, Maine and WCJB (ABC/CW) in Gainesville, Florida. Because of your generous donations, our #HealTheHeartland campaign has raised more than half-a-million dollars to date!" 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. Then assume that traditional advertising grows 4% per year - inline with industry forecasts and historical performance - and combine it with our estimate of $200 million of political. Gray Television, Inc. announced today that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share of its common stock and Class A common stock. Have you worked at Gray Television? 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. Not to be outdone are the fans of our hockey team, the Toledo Walleye. 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. 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. Mr. Deaver resigned from the Board of Directors. 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. In response to questions about the role of NextGen TV (also known as ATSC 3.0), LaPlatney said he expects it to have a significant effect, citing the IP-based format for its ability to provide better targeting and click-to-donate options. The political feat in 2020 was fueled by presidential primary spending in Iowa, New Hampshire, South Carolina, Nevada and Super Tuesday states all places where Gray has a big presence. It's not just Sinclair that is consolidating, however. 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? 1897 Gray launches its first NextGen TV (ATSC 3.0) station in Tallahassee, Florida. They seem to do a good job building team chemistry and my coworkers seem like nice people. We also love our food. There are many outstanding restaurants and local festivals throughout the year. In their place, Gray Television acquired and, in some cases, built from scratch market-leading television stations focused on local communities. John T. Williams named President and Chief Executive Officer. I consent the use of my personal data in accordance with Future's. 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). [21] On March 25, 2014, Prime Cities Broadcasting, owner of KNDX/KXND, requested that the FCC dismiss the sale of KNDX/KXND to Excalibur. In reality, this management team has done a great job of completing accretive M&A over the years (already moving from 6% to 8% of US households covered). 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. Radio Television Digital News Association (RTDNA) awards 57 Regional Edward R. Murrow Awards for excellence in journalism to 26 Gray stations. Copyright 2023 Gray Television, Inc. All Rights Reserved. AP Photo/Charles Dharapak, File. Its not only Fox News that covers Trumps back. Gray Television reaches a multi-year deal with Fox Television Network that renews station affiliation agreements covering all of its Fox affiliated stations across 21 markets. I am not receiving compensation for it (other than from Seeking Alpha). James Harrison Gray, Sr. acquired the Herald Publishing Company. Loan covenants could have forced the company into default. [22], The sale was completed on June 13, 2014. More recently Media Matters reported something more problematic : With one terrible tweet, Greta Van Susteren helped fuel a conspiracy theory that made its way to the president, who repeated it within hours, On Twitter, former Fox News and MSNBC host Greta Van Susteren tweeted that the FBI obviously tipped off CNN, adding that even if you dont like Stone, it is curious why Muellers office tipped off CNN., Nearly three hours later, Van Susteren conceded that she might be wrong about CNN acting on a tip. Through December 31, 2012, Gray would earn $2.2million and an opportunity to earn additional specified incentive fees if certain performance targets were exceeded. 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. We support local community interests by providing quality television broadcasting and exceptional service in each market we serve. Recycled all the steel and rebar previously on the site. The Assembly Atlanta development is a 135-acre mixed-use real estate complex centered around the studio industry in Doraville, Georgia. Both Senate candidates lost . [13], The company had overpaid for a pair of stations and was over leveraged like many other station groups entering the Great Recession. The Company entered the television business when it constructed WALB-TV (Albany, GA) to complement its radio station, WALB(AM). The bureau was designed to provide enhanced coverage of national political issues for Gray's local stations. Gray Television employees are most likely to be members of the Republican Party. Gray currently owns and/or operates television stations and leading digital properties in 113 television markets that collectively reach . Over the years Gray has done a great job of operating their company. $21,800 to the Republican Party. Presented another way, below you can see what political represents as a percent of total revenue for the year. [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. The green segment, retransmission, is fees paid by cable or satellite operators to carry their programming. RTDNA selects four Gray stations as National Edward R. Murrow winners for excellence in journalism. The Company also sold WALB-TV (Albany, GA). The bureau cooperates with Lilly Broadcasting's Washington bureau, previously started by Policastro, and is located at the NBC News Capitol Hill Bureau, 400 N. Capitol Street. [53] Gray's acquisition of Quincy Media was completed on August 2. I think its going to be a gargantuan year in this mid-year election. Meridian, MS is a place people love to call home. "The television station portfolios . The services group comprising financial, legal and health is continuing to post strong results, accounting for approximately 29% of our core revenue in Q1, he added. Since Election Day, November 3rd, Grays local television stations and digital platforms serving communities in the State of Georgia have run approximately $20 million (net) in political campaign and political issue advertisements related to the two run-off election races for U.S. Senate seats in Georgia. Subsidiaries to Gray Television include KY3. 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. NABs Leadership Foundation selects two Gray stations as national winners in their categories and three Gray stations as finalists in its coveted Service to America Awards competition. Require all tenants to utilize studio driven green initiatives across all their productions. And the Federal Communications Commission makes the rules. Gray purchases Third Rail Studios in Doraville, Georgia. Putting all the segments together, we use management's forecast for retransmission fees as outlined in the May investor presentation. 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. Hugh E. Norton joined Gray's Board of Directors. 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. Number two, the primary spending in late 2019 and early 2020 was supercharged by the supposedly irreplaceable spending by candidates Mike Bloomberg and Tom Steyer. | Source: [3], In 1998, Gray started to expand beyond its Southeast region. Gray announces its acquisition of Quincy Media, Inc. for $925 million. While every two years there are elections, we only get a presidential election every four. Sign up below. Gray intended to turn KNHL into a satellite of its NBC affiliate KSNB-TV. Harriett J. Robinson joined the Board of Directors. Gray forms a new sales and sponsorship entity called Gray Sports + Entertainment Sales. This is a place for dedicated, ambitious team players who pursue meaningful news stories. The Company partners with Loyola University New Orleans School of Mass Communications to create a "Producer Incubator Lab.". Gray Television Chairman-CEO Hilton Howell was upbeat, to say the least, when describing the outlook for political ad spending this year. Circle is a Country lifestyle network joint venture with partner Opry Entertainment Group, a subsidiary of Ryman Hospitality Properties. Mr. Robinson did not stand for re-election to the Board. 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. Josh Rultenberg joined the Gray Television Washington News Bureau in July 2022 as a multimedia journalist. 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 Company acquired KSNB-TV (Lincoln, NE), and it constructed and launched new HD television stations WRGX-TV (Dothan, AL) and KNPL-TV (North Platte, NE). Gray expects political advertisements for these two races will continue running through January 5, 2021, the date of the special elections. 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