While mostly unnoticed until now, after getting the rights to broadcast the gubernatorial debate, it may not go unnoticed . The Company moved to the New York Stock Exchange (NYSE), trading under the symbol GCS. [13] On November 4, 2013, Gray Television announced that it would purchase Yellowstone Holdings for $23million, adding local stations: KGNS-TV, KGWN, KCWY, and KCHY-LP. At today's valuation of 17x earnings this accounts for the entire market cap. It was founded way back in 1897. Jacqueline Policastro, the Washington bureau chief for Gray Television, was among those at a special White House dinner after Trump addressed Congress last year. Kevin Latek, Nick Waller, Bob Smith, and Jason Effinger named Senior Vice Presidents. Not much. The Company purchased WAGM-TV (Presque, ME) from NEPSK, Inc. 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. The employee data is based on information from people who have self-reported their past or current employments at Gray Television. The show, R Building from $26 million in political spending for the first quarter, Gray is expecting $65 million to $70 million this quarter, to take the first half total to a range of $91 million to $96 million. by Hilton Howell. Also, a new bank credit facility was arranged. 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. The promo script, they say, belies Sinclair managements actual agenda to tilt reporting to the right. Gray Television ( NYSE: GTN, NYSE: GTN.A) is a television broadcast company based in Atlanta. Gray Television competitors include Nexstar Media Group, KY3, KESQ, WTOP News, Media Production, WBOC TV16, KKTV 11 News, WLUK-TV FOX 11, WSOC-TV, WTHR-TV, WKTV, KOTA Territory News, KCBD, WBKO, Kndu-tv, WJTV, Landmark Community Newspapers, Inc., WEVV 44News, WDBJ7, KPTV Fox 12 Oregon. On January 1, Circle officially launches. 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 renewed essentially all of its affiliation agreements with the ABC, CBS, NBC, FOX, and CW networks. Im going to reach their voters.. Several recipients of Nexstar donations, including Sens. [40][41], On May 21, 2018, Gray Television entered into an agreement to acquire KNHL from Legacy Broadcasting for $475,000. Total revenue has increased 88% from 2009 to 2014 in almost a straight line. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Gray is the largest owner of top-rated local television stations and digital assets in the United States ("U.S."). NextGen TV Will Help Broadcasters Compete with Digital Political Platforms, He Tells Media Institute. Assume the current net income margin of 10% holds, you get net income of $65 million. The Company terminated existing joint sales and services agreements with these stations and sold their licensed assets to Chang Media, Legacy Broadcasting, and MMB LLC. Gray Television's total non-political (core) ad revenue last month was about $82 million; during the same month, political ads generated $175 in advertising, said Pat LaPlatney, President & Co-CEO of Gray Television, Inc. 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. The Company announced that KSFY-TV will begin broadcasting from its new downtown state-of-the-art Sioux Falls Studio. Owned by Branson Visitors TV; Gray holds a 50.1% interest in this company. The new tweet, correcting her mistake, had just 95 retweets at the time of this writing. Its station base consists all ranges of media markets, from as large as Atlanta, to one of the smallest markets, North Platte, Nebraska. She previously covered politics at Gray TV's KFYR-TV in Bismarck, N.D. Josh Rultenberg Multimedia Journalist. Gray expects political advertisements for these two races will continue running through January 5, 2021, the date of the special elections. [30][31], In January 2016, Gray Television opened a national news bureau in Washington, D.C., led by former APTV journalist Jacqueline Policastro. They seem to do a good job building team chemistry and my coworkers seem like nice people. " THANK YOU!! Gray Television is known to have a strict drug testing policy. Future US, Inc. Full 7th Floor, 130 West 42nd Street, David Zaslav, who led the merger with CNN and Discovery, donated over $240,000. 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.. December 16, 2020 08:53 ET Howell later clarified that beating the 2020 presidential year record of $652 million is aspirational, and not reflected in Grays financial projections. Gray and ViacomCBS announces multi-year agreement to renew all 47 of Grays CBS affiliations. Install LED lighting technology across studio complex. The Company selected by TVNewsCheck as "2016 Station Group of the Year". In 1995, the company moved its stock listing to the New York Stock Exchange. 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. They also don't face any re-contracting risk in 2015 or 2016. 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 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. [27], In July 2015, Gray closed its accounting and human resources offices in Albany (housed in the same building as The Albany Herald), combining them with the corporate offices in Atlanta. The services would consist of a broadcast diginet and an OTT streaming platform. Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. 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.. * To subscribe, you must consent to Futures privacy policy. Comparing 2012 to 2008 (the last two presidential elections), we can see that Gray grew ad dollars by 77%, and comparing 2014 to 2010, we can see they grew in non-presidential years by 42%. 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. I enjoy the people I've worked with and come across. The Company agrees to acquire KDLT-TV in Sioux Falls, South Dakota. I felt like that job gave me very important skills that Ill take with me in every job to come & be extremely valuable for. 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 Company reached an agreement with Mt. [52], On February 1, 2021, Gray Television announced its intent to acquire all Quincy Media's broadcasting properties for $925 million in cash. [22], The sale was completed on June 13, 2014. TIMELINE The Herald Publishing Company was founded with the creation of the Albany Herald in Albany, Georgia. 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. Gray, The Grand Ole Opry and Circle Network partner for live Opry broadcasts to raise money for Feeding America. [46][47][48] The deal was completed on January 2, 2019. [57], On May 3, 2021, Gray announced plans to buy the television division of Meredith Corporation for $2.7 billion. We have a strong and influential leadership team that empowers each member of our company to grow, thrive and deliver positive impact to those around us. Gray launches its first NextGen TV (ATSC 3.0) station in Tallahassee, Florida. Although not considered to be as openly right-wing as Sinclair Broadcasting which stipulates all outlets must carry conservative political content Gray TV may be Foxifying WCAX a bit. Gray is the largest owner of top-rated local television stations and digital assets in the United States ("U.S."). Senator and Georgia Governor Zell B. Miller joined from the Board of Directors. We are the hometown of the Father of Country Music, Jimmie Rodgers, award winning actress Sela Ward, and the home of the new Mississippi Arts and Entertainment Experience. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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. 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. Campaigns turned much more to broadcast television, he said. This brought the company total to $534.5 million in available funds with $409.5 million directly available. After the spinoff, the total enterprise value of the transaction for Gray will be $2.7 billion. 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