Wells Fargo provided a valuation analysis for Sinclair's spectrum. . [53] Gray's acquisition of Quincy Media was completed on August 2. Gray Television employees are most likely to be members of the Republican Party. We own and/or operate television stations and leading digital properties in 113 television markets that collectively reach approximately 36 percent of US television households. The green segment, retransmission, is fees paid by cable or satellite operators to carry their programming. The bureau was designed to provide enhanced coverage of national political issues for Gray's local stations. The company drug screens all potential hires during the pre-employment period, once a job offer has been made. Dress codes may also take the form of casual or professional, depending on the department at Gray Television. 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. 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. Gray Televisions InvestigateTV receives two first place National Headliner Awards. Howell later clarified that beating the 2020 presidential year record of $652 million is aspirational, and not reflected in Grays financial projections. The Company and NBC enter into TV Everywhere Agreement, and the Company launches all of its CBS stations on the CBS All Access platform. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. Hall of Fame Resort & Entertainment Company and Grays Tupelo Honey announce the formation of a media partnership to produce the unscripted series INSPIRED: Heroes of Change.. Gray also owns video program production, marketing, and digital businesses including Raycom Sports, Tupelo Honey, and RTM Studios, the producer of PowerNation programs and content and is the majority owner of Swirl Films. 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. Also, a new bank credit facility was arranged. Future US, Inc. Full 7th Floor, 130 West 42nd Street, She previously covered politics at Gray TV's KFYR-TV in Bismarck, N.D. Josh Rultenberg Multimedia Journalist. [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. Mr. Prather resigned from all positions with the Company. It's not just Sinclair that is consolidating, however. 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. [21] On March 25, 2014, Prime Cities Broadcasting, owner of KNDX/KXND, requested that the FCC dismiss the sale of KNDX/KXND to Excalibur. Campaigns also use political donations to hire staff and consultants. [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. Hilton Howell donated Gray's television stations raise $12.6 million in donations benefiting local residents and local organizations in need during . 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. Gray Television is a group of inspired innovators and thought leaders in the television industry. [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. Jacqueline Policastro, the Washington bureau chief for Gray Television, was among those at a special White House dinner after Trump addressed Congress last year. Gray Television is a television broadcast company headquartered in Atlanta, Georgia. [The Mueller investigation later vigorously denied the claim in a court filing]. James H. Gray, Jr. resigned as President and surgeon William E. Mayher, III joined Gray's Board of Directors. Gray closes on acquisition of previously announced Meredith Corporations Local Media Group. 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. In a new digital-centric arena, our leadership team featured here provides the support and vision that empowers each member of our company to navigate industry . Gray sells divestiture stations from the Quincy Media transaction to Allen Media for $380 million to facilitate its acquisition of Quincy Media. Gray purchases Third Rail Studios in Doraville, Georgia. I learned a great deal of skills in a short period of time. The transaction completes Gray's transformation from a small, regional broadcaster to a leading media company with nationwide scale based on high-quality stations with exceptional talent in attractive markets. And Gray has been introducing its sales training throughout the newly acquired Meredith stations as it did previously with the former Quincy Media stations. [35][36] On February 16, 2017, Gray announced that it would acquire WABI-TV in Bangor, Maine and WCJB-TV in Gainesville, Florida from Diversified Communications for $85million. Copyright 2023 Gray Television, Inc. All Rights Reserved. The Company acquired WITN-TV (Greenville-Washington-New Bern, NC). (January 2nd, 2019). The Company launched start-up station WCAV-TV in Charlottesville, VA. Former U.S. While every two years there are elections, we only get a presidential election every four. Owned by Branson Visitors TV; Gray holds a 50.1% interest in this company. 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 Company agrees to acquire KDLT-TV in Sioux Falls, South Dakota. 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, Inc. You can check out our full list of. Vermonts own little TV station, WCAX, formerly locally owned and managed, was scooped up last year not by Sinclair but by Gray Television. A large media company with 8,018 employees and an annual revenue of $2.1B, Gray Television is headquartered in Atlanta, GA. To include the capability of tuning and decoding over-the-air digital signals by 2007. The Company closed on the swap of KAKE-TV (Wichita, KS) for WBXX-TV (Knoxville, TN). 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. In a new digital-centric arena, our leadership team featured here provides the support and vision that empowers each member of our company to navigate industry shifts as well as grow, thrive and deliver positive impact to those around us. Gray Television is known to have a strict drug testing policy. 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. CEO Hilton Howell named President. Because of your generous donations, our #HealTheHeartland campaign has raised more than half-a-million dollars to date!" The company bought Gulflink Communications, Inc., a transportable satellite uplink business based in Baton Rouge, Louisiana, in April 1997 to go along with Lynqx. Gray Television is a leading media company that owns and operates high-quality stations in 113 television markets that collectively reach 36 percent of US television households. [4] This caused difficulties as two of the three wanted to sell with the third unable to purchase. Boston Globe Newspaper to Launch Daily Newscast, The Mandalorian' Returns: Whats Premiering This Week (February 27-March 5), Peacock Will Experience 'Peak Expense Mode' Loss of $3 Billion in 2023, Comcast CFO Said, KMBC-TV, Kansas City Hires Brya Berry As Co-Anchor. [57], On May 3, 2021, Gray announced plans to buy the television division of Meredith Corporation for $2.7 billion. You will receive a verification email shortly. The Company opens newly remodeled 20,000 sq. Gray then announced in April 2019 Greta Van Susteren as host of a Sunday morning syndicated show, Full Court Press with Greta Van Susteren, which was launched in September 2019.[62]. 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. WCAXs catch phrase was once Vermonts Own News station but no more. The Company opens a significantly remodeled, state-of-the-art facility for KNOE-TV (CBS, ABC) in Monroe, Louisiana. 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. 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. Have you worked at Gray Television? 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. Gray is the nations second largest television broadcaster, with television stations serving 113 markets that reach approximately 36 percent of US television households. Several recipients of Nexstar donations, including Sens. [13], On July 30, 2009, Gray was awarded a contract to manage seven Young Broadcasting-owned stations. Mr. Deaver resigned from the Board of Directors. 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. [37] On May 4, 2017, Gray announced its intent to acquire WCAX-TV in Burlington, Vermont from Mount Mansfield Television for $29million. Our staff is truly a family that works together to continue the tradition of excellence that defines WTOK and our community. Gray is a well run-business with a number of near-term tailwinds. Senators and Representatives serving their communities. During the presidential election Sinclair and the Trump campaign struck a deal in order to gain favorable media coverage .Recently they started a promotional campaign for their local news outlets to broadcast. I have no business relationship with any company whose stock is mentioned in this article. In addition to being in a strong position to capture households, they are also a well run business which knows how to make the most of each unit of revenue. [4], In September 2015, Gray announced that it would acquire the television and radio stations of Schurz Communications for $442.5million. 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. Broadcast TV stations rely on advertising to make money. It was founded way back in 1897. The Company purchased the Hoak Media stations: KVLY-TV (Fargo-Valley City, ND); KSFY-TV/KABY-TV/ KPRY-TV (Sioux Falls, SD); KFYR-TV/ KMOT-TV, KUMV-TV/ KQCD-TV (Minot-Bismarck, ND); KALB-TV (Alexandria, LA); KNOE-TV (Monroe-El Dorado, LA); KNOP-TV and KIIT-LP (North Platte, NE). Gray closes Hoak deal; completes refinancing. 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. Grays Emmy award winning production company, Tupelo Honey, celebrates its 25th anniversary. Mr. Trump and his shared committees with the R.N.C. [3], In 1998, Gray started to expand beyond its Southeast region. NY 10036. And while Gray is officially sticking with its official guidance of $575 million, Howell was even more exuberant in off-the-cuff remarks during the company's quarterly conference call Friday morning. Open Secrets which tracks political donations made by individuals shows that employees at AARP have donated $96,381 in the 2020 election cycle, most of which went to Democratic candidates. There are many outstanding restaurants and local festivals throughout the year. The Company launches a syndicated Weekend Political Show Full Court Press with Greta Van Susteren. He also confirmed that sports events were a heavy focus, with many [political] advertisers triple spotting during college and NFL football games. He noted that many campaign advertisers ran two spots within a half-hour local newscast and many waived the separation requirements to keep their commercials from being run adjacent to rivals political messages. December 16, 2020 08:53 ET Gray also owns video program production, marketing, and digital businesses including Raycom Sports, Tupelo Honey, and RTM Studios, the producer of PowerNation programs and content, and is the majority owner of Swirl Films. Between the early 1990s and today, the company was transformed through strategic acquisitions and subtle, yet critical transitions. Meridian, MS is a place people love to call home. The Company announced the passing of its Chairman since 1993, Dr. Billy Mayher, III. He writes regularly about trends and media/marketing for the Consumer Technology Association's i3 magazine plus several blogs. The Company purchased WAGM-TV (Presque, ME) from NEPSK, Inc. raised $80 million online during that period; Ms. Loeffler and Mr. Perdue combined for closer to $75 million. This seesaw motion isn't random, it matches the election cycle. As the company agreed to purchase the Busse Broadcasting Corporation, which owned KOLN, KGIN-TV and WEAU. 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. Newspaper leaders resigned during this periodfrom the corporate president in late 1995 to the Citizens' editor and publisher. Loan covenants could have forced the company into default. In total they reach 8%+ of US television households as outlined in the graphic below. [30][31], In January 2016, Gray Television opened a national news bureau in Washington, D.C., led by former APTV journalist Jacqueline Policastro. 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