The Company agrees to acquire KDLT-TV in Sioux Falls, South Dakota. 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%. AP Photo/Charles Dharapak, File. Mr. Deaver resigned from the Board of Directors. The Company announced its purchase of all of the television and radio stations owned by Schurz Communications, Inc. 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. Barry Lewis, Richard L. Boger and Howell W. Newton joined Gray's Board of Directors, and James H. Gray, Jr. resigned from the Board. The Company merged with Bostick Broadcasting and its television stations, KWTX-TV (Waco, TX), KBTX-TV (Bryan-College Station, TX), and KXII-TV (Sherman, TX). Gray announces that legendary news anchor and journalist Monica Kaufman Pearson has joined its Atlanta television stations, CBS46 and Peachtree TV. Management of Young Broadcasting stations. Just months after doubling the Daily Post's staff, one third were laid off and a quarter of The Albany Herald's staff followed in January 1996. Even so, the original tweet, which had accumulated thousands of retweets, remained up and continued to be shared. 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. This seesaw motion isn't random, it matches the election cycle. Political advertising will be a big boost to EPS. The largest donation made to a political party by a Gray Television employee was Grays Emmy award winning production company, Tupelo Honey, celebrates its 25th anniversary. 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. 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 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. After the spinoff, the total enterprise value of the transaction for Gray will be $2.7 billion. Gray is a well run-business with a number of near-term tailwinds. Sinclairs political bent has been a factor in its pending acquisition of Tribune 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. (Gene) Elder joined the Board of Directors. Gray completes its acquisition of Quincy Media and its sale of ten Quincy stations to Allen Media. Broadcast TV stations rely on advertising to make money. Gray Television is ranked #13 on the Best Media Companies to Work For in Georgia list. The Company also sold WALB-TV (Albany, GA). Advertising revenues dropped. Gray Television, Inc. is an American publicly traded television broadcasting company based in Atlanta, Georgia. The current share price is valuing the existing business and assigns no value to future deals. 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. Harriett J. Robinson joined the Board of Directors. An experienced investor with more than a decade of experience working at some of the largest asset management organizations, I now focus full time on my personal investments and sharing unique ideas with the online value investing community. [4], In September 2015, Gray announced that it would acquire the television and radio stations of Schurz Communications for $442.5million. Gray forms a new sales and sponsorship entity called Gray Sports + Entertainment Sales. Robin R. Howell joined Board of Directors. They own and operate stations in 44 markets, broadcasting 139 streams including 76 affiliates of. Omaha is also popular for our booming downtown which is home to a revitalized riverfront and the Historic Old Market. Gray is also well diversified across the networks, reducing programming risk. The green segment, retransmission, is fees paid by cable or satellite operators to carry their programming. [40][41], On May 21, 2018, Gray Television entered into an agreement to acquire KNHL from Legacy Broadcasting for $475,000. Grays Raycom Sports launches Origin Sports Network on the Roku Channel in Canada and XUMO in the United States. [13] Robinson stepped down with Howell replacing him in 2008. A single Democratic leadership-aligned nonprofit called Majority Forward poured a record-breaking $46 million into 2018 elections from the left. On the right, a nonprofit called 45 Committee poured more than $23 million into the 2016 presidential race to support President Donald Trump. John Dean (of Watergate notoriety) observed. 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. 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. 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. 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. The pattern gets more interesting as you dig into the segments. He added that the gambling, home improvement and legal categories also continue to grow. On August 20, KTVE was sold for cash and accounts receivable. The Company opens a significantly remodeled, state-of-the-art facility for KNOE-TV (CBS, ABC) in Monroe, Louisiana. CNN, the Fox News Channel and MSNBC have not previously said publicly what constitutes acceptable political involvement for their paid commentators, which has made it difficult to know where the. Thank you for signing up to Broadcasting & Cable. [3], In 1994 and 1995, Gray purchased two newspapers, the Rockdale Citizen (acquired May 31, 1994) and Gwinnett Post-Tribune (acquired January 1995; quickly renamed Gwinnett Daily Post) and seven advertising weeklies. The company drug screens all potential hires during the pre-employment period, once a job offer has been made. More alarming,national media outlets are publishing these samefake storieswithout checking facts first. "The television station portfolios . The lack of work/life balance & the overall culture of the specific newsroom I worked in. . Over the years Gray has done a great job of operating their company. [54], In March 2021, Gray Television revealed plans to purchase a shuttered General Motors plant in Atlanta suburb Doraville, Georgia and transform the site into a media production community called Assembly. Gray Television's roots begin in January 1891 with the creation of the Albany Herald in Albany, Georgia. We understandTruth is neither politically left or right. Our commitment to factual reporting is the foundation of our credibility, now more than ever.. ft. facility for KEVN and KOTA Stations in Rapid City, South Dakota. [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. 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 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. 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.. The Company selected by TVNewsCheck as "2016 Station Group of the Year". 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.. Gray announces significant expansion to National Investigative Team. We are business leaders in our local economies and servant leaders in our communities. With two interstate highways and a regional airport offering daily jet service flights to a major hub, Meridian is convenient to everywhere. 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 . While mostly unnoticed until now, after getting the rights to broadcast the gubernatorial debate, it may not go unnoticed . I think it will likely rival, if not exceed, any previous presidential election, the CEO said. But thats precisely why some staffers were so troubled by it. Putting all the segments together, we use management's forecast for retransmission fees as outlined in the May investor presentation. 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. None of the information on this page has been provided or approved by Gray Television. Gray announces the initiation of a quarterly cash dividend, the first since the Great Recession. Hugh E. Norton joined Gray's Board of Directors. I am now the local media. Chairman & CEO, Hilton H. Howell, Jr., along with several other executives, rang the Closing Bell at the New York Stock Exchange to commemorate the Companys acquisition of Raycom Media, Inc. By ensuring that our talent has the independence to tell the stories that matter most, we are fostering a team of empowered newsroom leaders who are truly engaging and connecting with communities. [3][4], New management was put in place at all three TV stations. I think its going to be a gargantuan year in this mid-year election. 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. 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