Gray Television (NYSE:GTN, NYSE:GTN.A) is a television broadcast company based in Atlanta. Hilton H. Howell, Jr. named Chief Executive Officer. 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. 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.. Josh Rultenberg joined the Gray Television Washington News Bureau in July 2022 as a multimedia journalist. Mansfield Television, Inc. to acquire WCAX (CBS) in Burlington, Vermont-Plattsburgh, New York. The Company announced that it had reached a multi-year deal that renews station affiliation agreements covering all 32 markets in which Gray own and operates its 39 CBS-affiliate television stations. In 2013 Wells Fargo provided a valuation analysis for Sinclair's spectrum, valuing it at $2.9 billion, 35% above the companies total market cap at that time. 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. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. The Company closes the sale of WCAV-TV (CBS/FOX) and WVAW (ABC) and the purchase of WVIR-TV (NBC), all in Charlottesville, Virginia. Gray is the nations second largest television broadcaster, with television stations serving 113 markets that reach approximately 36 percent of US television households. Gray Television is ranked #13 on the Best Media Companies to Work For in Georgia list. Work from Nielsen shows this mid-single-digit growth continuing. Subsidiaries to Gray Television include KY3. Commenting in an interview early this year on how he thought President Trump might weather the Mueller investigation, former White House Counsel John Dean (of Watergate notoriety) observed: I think theres more likelihood (Nixon) might have survived if thered been a Fox News. The implication, of course, is that with the backing of Fox News or another powerful national media propaganda outlet even Richard Nixon, how ever damaged and corrupt as a leader, could have clung to power. From community outreach efforts to green initiatives, we are striving to make a meaningful difference in the world in which we live. We are business leaders in our local economies and servant leaders in our communities. Through December 31, 2012, Gray would earn $2.2million and an opportunity to earn additional specified incentive fees if certain performance targets were exceeded. In May 2017 the station became part of Gray Television, a large corporation based in Atlanta, GA, with 144 local TV stations covering 10.4% of U.S. households. Politicians buy ad time to help them . Gray reached an agreement with Nexstar Broadcasting Group, Inc. to acquire two television stations that Nexstar will divest upon its merger with Media General, Inc.: WBAY (ABC), in Green Bay, Wisconsin, and KWQC (NBC) in Davenport, Iowa, both previously owned and operated by Media General. The Company announced the promotion of seven Vice Presidents to Senior Vice President, thirteen individuals to Vice President and six additional individuals to new officer positions. Fortune Magazine announced that Gray Television ranked 96th in its ranking of the Top 100 Fastest Growing Companies in the World for 2017. The show, R They also paid me extremely poorly and never wanted to talk about a raise. The new Young Broadcasting still held the final say on overall operations for their stations, including programming and personnel.[16][18]. From this years experience, LaPlatney said he believes broadcast TV will continue to play a major role in campaign advertising even with the growing presence of digital platforms. But that's probably not the whole story. Gray would eventually purchase KWQC and WBAY outright when Nexstar Broadcasting Group acquired Media General in 2017, as Nexstar already owned WHBF-TV and WFRV-TV in each market. Help other job seekers by rating Gray Television. And the Federal Communications Commission makes the rules. 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 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. And Gray has been introducing its sales training throughout the newly acquired Meredith stations as it did previously with the former Quincy Media stations. Vermonts own little TV station, WCAX, formerly locally owned and managed, was scooped up last year not by Sinclair but by Gray Television. They seem to do a good job building team chemistry and my coworkers seem like nice people. James H. Gray, Jr. resigned as President and surgeon William E. Mayher, III joined Gray's Board of Directors. The Company announced the election of Beth Neuhoff to its Board of Directors. Digital will grow; the broadcast share will be similar to where it ended up this cycle at about 50% in the next presidential election year. Its station base consists all ranges of media markets, from as large as Atlanta, to one of the smallest markets, North Platte, Nebraska. 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. 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. Gray Television generates $2.1B in revenue. 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 Company entered the television business when it constructed WALB-TV (Albany, GA) to complement its radio station, WALB(AM). [13], The company had overpaid for a pair of stations and was over leveraged like many other station groups entering the Great Recession. Gray would also re-enter the Richmond market when it bought WWBT in 2019, following its merger with Raycom Media, and would also re-enter the Nashville market in 2021 with WSMV-TV after acquiring the television assets of Meredith Corporation. The parties later agreed to a settlement. The green segment, retransmission, is fees paid by cable or satellite operators to carry their programming. 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. Gray Television is a group of inspired innovators and thought leaders in the television industry. Gray announces significant expansion to National Investigative Team. Fortune Magazine announced that Gray Television ranked 77th in its ranking of the Top 100 Fastest Growing Companies in the World for 2016. 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. After the spinoff, the total enterprise value of the transaction for Gray will be $2.7 billion. 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. Sign up below. Gray completes its acquisition of Quincy Media and its sale of ten Quincy stations to Allen Media. 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. TIMELINE The Herald Publishing Company was founded with the creation of the Albany Herald in Albany, Georgia. 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). I think it will likely rival, if not exceed, any previous presidential election, the CEO said. Gray Television employees are most likely to be members of the Republican Party. The Company made a $3 million strategic equity investment in Syncbak, a technology company that replicates over-the-air broadcasts for delivery over-the-top (OTT) of the Internet. [38][39], In April 2017, Gray Television filed a lawsuit against Nick Prueher and Joe Pickett, founders of the Found Footage Festival, for fraud and copyright infringement, after having booked an appearance on the morning show of a Gray station as a fake strongman act, "Chop and Steele", and utilizing the footage during their show. Gray Television supports local community interests by providing quality television broadcasting and exceptional service in each market we serve. Bryan and College Station are routinely recognized as a leader in quality of life and as one of the fastest growing communities in the country. Gray announces its acquisition of Meredith Corporations Local Media Group for $2.7 billion. [46][47][48] The deal was completed on January 2, 2019. Employees at the parent company, Gray Television, earn $52,796 whereas employees at KY3 earn $48,178, on average. raised $80 million online during that period; Ms. Loeffler and Mr. Perdue combined for closer to $75 million. Overall, at Gray TV stations in 95 markets - even through a longer-than-ever political process which began in early 2019 - 53% The Assembly Atlanta development is a 135-acre mixed-use real estate complex centered around the studio industry in Doraville, Georgia. ft. facility for KEVN and KOTA Stations in Rapid City, South Dakota. [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. The Company partners with Loyola University New Orleans School of Mass Communications to create a "Producer Incubator Lab.". 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. 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. . I am now the local media. The Company acquired daily newspapers The Rockdale Citizen (Conyers, GA) and The Newton Citizen (Newton County, GA), plus four weekly advertising shoppers and a weekly newspaper in southwest Georgia. The Company announces that Greta Van Susteren has joined Gray as Chief National Political Analyst. He added that the gambling, home improvement and legal categories also continue to grow. (January 2nd, 2019). 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. Future US, Inc. Full 7th Floor, 130 West 42nd Street, The Company wins 19 Regional Edward R. Murrow Awards for excellence in journalism. During 2020, Gray's stations were ranked first in 70 markets, and ranked first and/or second in 86 markets, as calculated by Comscores audience measurement service. At today's valuation of 17x earnings this accounts for the entire market cap. [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. 1897 Circle is a Country lifestyle network joint venture with partner Opry Entertainment Group, a subsidiary of Ryman Hospitality Properties. The Atlanta-based television broadcaster Gray Television Inc., which owns stations in 51 markets, recently announced it was reducing its forecast for political ad spending for the remainder. I wrote this article myself, and it expresses my own opinions. Gray Television is a television broadcast company headquartered in Atlanta, Georgia. The company was considered in 1996 by Fortune magazine as the 81st fastest growing company, having a 48% percent growth rate. Concurrent with the Benedek acquisition, Gray acquired KOLO-TV (Reno, NV) from Smith Television Group, T.L. [4] This caused difficulties as two of the three wanted to sell with the third unable to purchase. ". Gray's television stations raise $12.6 million in donations benefiting local residents and local organizations in need during . 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. As President of Arlen Communications LLC, he has provided analyses about the development of applications and services for entertainment, marketing and e-commerce. Inspired innovators and thought leaders in the Television industry, retransmission, is fees by! 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