Putting all the segments together, we use management's forecast for retransmission fees as outlined in the May investor presentation. 3 Local TV Group", "Gray Receives Regulatory Approvals for Raycom Media and Divestiture Transactions", "Gray Completes Acquisitions for Raycom Media and Related Transactions", "Gray Teams With Grand Ole Opry On TV Network", "Circle TV Network Lineup Announced: Opry Live, Elizabeth Cook Series - Rolling Stone", "Gray Television Acquires Quincy Media For $925 Million In Cash", "Gray Television Closes Quincy Acquisition", "Gray TV company to remake former GM plant into Georgia's largest 'Studio City', "Former GM plant set to transform into massive film production site", "Gray Television purchases Doraville's Third Rail Studios for $27.5 million", "Gray Television to Acquire Meredith TV Stations for $2.7 Billion", "Allen Media Group Pays $70M To Acquire Gray Television's WJRT, An ABC Affiliate In Michigan", "Gray Television Closes On Acquisition of Meredith Corporations Local Media Group", "Gray Sees Young Stations As Possible Buy", "Greta Van Susteren to Launch 'Full Court Press' for Gray Television", sorted by primary channel network affiliations, https://en.wikipedia.org/w/index.php?title=Gray_Television&oldid=1130568035, 1946 establishments in Georgia (U.S. state), Companies listed on the New York Stock Exchange, Television broadcasting companies of the United States, Articles with dead external links from April 2019, Articles with permanently dead external links, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 30 December 2022, at 21:04. John Dean (of Watergate notoriety) observed. Additionally, the FCC incentive auction starts in 2016 and the current valuation assigns no value to the spectrum assets. The Herald Publishing Company was founded with the creation of the Albany Herald in Albany, Georgia. The Company announced record-setting audience rankings during the November 2017 sweeps period conducted by the Nielsen Company. Gray Television's mission statement is "To include the capability of tuning and decoding over-the-air digital signals by 2007.". The smarter way to stay on top of broadcasting and cable industry. They own and operate stations in 44 markets, broadcasting 139 streams including 76 affiliates of the Big Four networks (ABC, CBS, NBC, and Fox). Although the automotive category is struggling, other categories are growing. 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. Gray sells divestiture stations from the Quincy Media transaction to Allen Media for $380 million to facilitate its acquisition of Quincy Media. Their corporate memo to local stations dictates the promo be scheduled to create maximum reach and frequency.. 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. 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 Television is a well-established company. Work from Nielsen shows this mid-single-digit growth continuing. Fortune Magazine announced that Gray Television ranked 77th in its ranking of the Top 100 Fastest Growing Companies in the World for 2016. 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. Gray and ViacomCBS announces multi-year agreement to renew all 47 of Grays CBS affiliations. In their place, Gray Television acquired and, in some cases, built from scratch market-leading television stations focused on local communities. InvestigateTV was launched in 2018 and provides innovative, original journalism from a dedicated investigative team and key partners. Gray had started to focus on its TV station segment over the newspaper holding while TV produced more income and the newspapers' income were declining. One of Sinclairs local anchors who remained anonymous for fear of retribution told CNN: I felt like a POW recording a message, [] On its face, some of the language is not controversial. The Company announced that it would directly represent essentially all of its television stations in national sales, ending its long-standing national ad rep relationships as of the first of the new year. Gray contributed distribution and marketing capabilities, multicast knowledge and affiliate Gray TV stations. The Company purchased WQCW-TV (Charleston, WV) from Lockwood Broadcasting. CEO Hilton Howell named President. Knowing the political bias of media outlets allows you to consume a balanced news diet and avoid manipulation, misinformation, and fake news. There will be markets where ATSC 3.0 will matter, he said and it will increase during the next four 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. Utilize solar powered trailers and fuel-efficient vehicles where possible to reduce carbon footprint. 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. Gray partners with the Salvation Army to produce and broadcast Lift Up Louisiana to raise money for Hurricane Ida relief efforts. She previously covered politics at Gray TV's KFYR-TV in Bismarck, N.D. Josh Rultenberg Multimedia Journalist. They also paid me extremely poorly and never wanted to talk about a raise. 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. Grays Emmy award winning production company, Tupelo Honey, celebrates its 25th anniversary. 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. Hugh E. Norton joined Gray's Board of Directors. The green segment, retransmission, is fees paid by cable or satellite operators to carry their programming. Concrete was crushed on site and reused as Graded Aggregate Base (GAB) under the roadways and new structure slabs. The Assembly Atlanta development is a 135-acre mixed-use real estate complex centered around the studio industry in Doraville, Georgia. Gray consummated its transformative transaction with Raycom Media, Inc., including the divestitures of nine television stations in overlap markets. The Company acquired the Goshen News daily newspaper (Goshen, IN). 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. FOX CAROLINAS GIVE BLOOD CAROLINA MAKES A BIG DIFFERENCE FOR LOCAL PATIENTS AND THE RED CROSS! Over the next several decades, the company transformed in parallel to the ever-changing media landscape, expanding with additional newspaper acquisitions and later television stations to eventually became known as Gray Communications Systems. The Company wins 19 Regional Edward R. Murrow Awards for excellence in journalism. Meridian, MS is a place people love to call home. 1897 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%. You will receive a verification email shortly. Meridian is also home to several highly impactful military installations, including NAS Meridian, one of only a few Navy jet fighter training units in the Country. We are working hard as a company to reduce our carbon footprint on the planet. It also acquired KTVE-TV (Monroe, LA/El Dorado, AK). They also named three other Gray stations as finalists for these prestigious awards. 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. James Harrison Gray, Sr. acquired the Herald Publishing Company. * To subscribe, you must consent to Futures privacy policy. Gray owns local television station and leading digital platforms serving the local markets of Savannah, Augusta, Albany, Columbus, and Thomasville, Georgia. The lack of work/life balance & the overall culture of the specific newsroom I worked in. NY 10036. Yes, Gray Television drug tests. In addition, Ralph W. Gabbard became the Company's President and CEO. On the right, a nonprofit called 45 Committee poured more than $23 million into the 2016 presidential race to support President Donald Trump. [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. To stay at the top we need to work hard every day and hire the right people. The current share price is valuing the existing business and assigns no value to future deals. In September 2021, Gray Television purchased Doraville-based Third Rail Studios for $27.5 million. 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. Politics begins in local markets, Van Susteren said. The pattern gets more interesting as you dig into the segments. If you continue to use this site we will assume that you are happy with it. The AllSides Media Bias Chart helps you to easily identify different perspectives and political leanings in the news so you can get the full picture and think for yourself. The table below compares EBITDA margins across competitors. The Company closed its acquisition of television stations from Schurz Communications, Inc. and related station acquisitions and divestitures with other counter-parties. (Gene) Elder joined the Board of Directors. Gray Television generates $2.1B in revenue. The Company entered the television business when it constructed WALB-TV (Albany, GA) to complement its radio station, WALB(AM). Van Susteren told The LA Times: [] she expects Grays geographical reach to help in booking presidential candidates to appear on the program. 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. I am not receiving compensation for it (other than from Seeking Alpha). With two interstate highways and a regional airport offering daily jet service flights to a major hub, Meridian is convenient to everywhere. 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