The Company purchased Yellowstone Television stations KGNS-TV (Laredo, TX), KGWN-TV/KSTF-TV and KCHY-LP (Cheyenne, WY) and KCWY-TV (Casper, WY). Subsidiaries to Gray Television include KY3. Fortune Magazine announced that Gray Television ranked 96th in its ranking of the Top 100 Fastest Growing Companies in the World for 2017. []At the end of the promo, viewers are encouraged to send in feedback if you believe our coverage is unfair. The instructions say that corporate will monitor the comments and send replies to your audience on your behalf. In other words, local stations are cut out of the interactions with viewers. 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 closes the acquisition of KDLT-TV (NBC, Sioux Falls, South Dakota). Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. Help other job seekers by rating Gray Television. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. ". 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. [61], The agreement ended without any further extensions on December 31, 2012, and Young agreed to a merger with Media General in mid-2013. I am not receiving compensation for it (other than from Seeking Alpha). Gray Television generates $2.1B in revenue. I wrote this article myself, and it expresses my own opinions. Campaigns also use political donations to hire staff and consultants. Broadcast TV stations rely on advertising to make money. [42], On June 25, 2018, Gray Television announced its intent to acquire Raycom Media for $3.65billion, pending regulatory approval. Gray Television is in the broadcast media industry. 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. Founded in 1946 by James Harrison Gray as Gray Communications Systems, the company owns or operates 180 stations across the United States in 113 markets. Dress codes may also take the form of casual or professional, depending on the department at Gray Television. Please disable your ad-blocker and refresh. We understandTruth is neither politically left or right. Our commitment to factual reporting is the foundation of our credibility, now more than ever.. 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. 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. Omaha is also popular for our booming downtown which is home to a revitalized riverfront and the Historic Old Market. 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 purchased KKCO-TV (Grand Junction, CO), WSWG (Albany, GA), and WSAZ-TV (Huntington, WV) in three separate transactions.In addition, the Company spun off its five daily newspapers and wireless messaging business into the newly formed Triple Crown Media. 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. Claiming and updating your company profile on Zippia is free and easy. 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. 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. AP Photo/Charles Dharapak, File. [59] The sale was completed on December 1. Work from Nielsen shows this mid-single-digit growth continuing. Gray announces sale of WJRT-TV (ABC) in Flint, Michigan to Allen Media for $70 million to facilitate its acquisition of Meredith Corporation. Gray Television is ranked #13 on the Best Media Companies to Work For in Georgia list. Recycled 88 acres of concrete and existing structure on the site when we purchased the property. Howell later clarified that beating the 2020 presidential year record of $652 million is aspirational, and not reflected in Grays financial projections. In this Gray TV guide to political ads, we'll break down the federal rules on political advertising. Advertising revenues dropped. [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. Gray owns local television station and leading digital platforms serving the local markets of Savannah, Augusta, Albany, Columbus, and Thomasville, Georgia. Mansfield Television, Inc. to acquire WCAX (CBS) in Burlington, Vermont-Plattsburgh, New York. 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 announces that it has entered into agreements with the ABC network, CBS network and NBC network that extend the terms of the affiliation agreements for all ABC, CBS and NBC affiliated stations acquired in the Raycom Merger as well as the ABC affiliations for all of the legacy Gray stations. While the number of people opting not to pay for television continues to increase, this hasn't impacted Gray as these viewers are simply moving from cable to antenna. Meeting new people in the reporting area of the business. Copyright 2023 Gray Television, Inc. All Rights Reserved, GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE, Q4 2022 Gray Television, Inc. Earnings Conference Call, Gray Television Investor Presentation, March 2022, 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, LOCAL TV REVIVES A BYGONE TRADITION: AIRING THE NATIONAL ANTHEM | It is one of popular culture's generational divides: whether you are old enough to remember when television stations concluded the night's programming with "The Star-Spangled Banner. 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. In addition to network diversification, the business is also well diversified by source of revenue. 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%. Gray now owns nine of the top ten ranked NBC affiliates in the country. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. Gray Television, Inc. is a broadcast company headquartered in Atlanta, Georgia. But thats precisely why some staffers were so troubled by it. They seem to do a good job building team chemistry and my coworkers seem like nice people. 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. Gray Television, Inc. 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. The Company purchased WJRT-TV (Flint-Saginaw-Bay City, MI) and WTVG-TV (Toledo, OH) from SJL Holdings, LLC. He added that the gambling, home improvement and legal categories also continue to grow. 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. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Copyright 2023 Gray Television, Inc. All Rights Reserved. The Omaha area boasts an array of top attractions that can't be matched, from the World Famous Henry Doorly Zoo, to TD Ameritrade Park home of the NCAA Men's College World Series, and don't forget all of those fantastic award winning restaurants. [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. I learned a great deal of skills in a short period of time. (Gene) Elder joined the Board of Directors. You will receive a verification email shortly. 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. More alarming,national media outlets are publishing these samefake storieswithout checking facts first. [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. [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. [The Mueller investigation later vigorously denied the claim in a court filing]. 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). The Company purchased KCRG-TV (Cedar Rapids, IA) from The Gazette Company. In September 1996 a basket purchase from First American Media, Inc., Gray got two TV stations (WCTV and WVLT-TV), Satellite and Production Business Services, which was renamed Lynqx Communications and PortaPhone paging business. 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. The Company subsequently announced the divestiture of all the radio stations and certain television stations to facilitate regulatory approvals. Gray Television is a group of inspired innovators and thought leaders in the television industry. 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. I am not receiving compensation for it (other than from Seeking Alpha). Contributor Gary Arlen is known for his insights into the convergence of media, telecom, content and technology. Still, Gray has become a powerful media and news presence in Minnesota. 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. Even so, the original tweet, which had accumulated thousands of retweets, remained up and continued to be shared. The Company purchased KOSA-TV (Odessa, TX) from Investment Company of America. TIMELINE The Herald Publishing Company was founded with the creation of the Albany Herald in Albany, Georgia. The table below compares EBITDA margins across competitors. Owned by Branson Visitors TV; Gray holds a 50.1% interest in this company. Our staff is truly a family that works together to continue the tradition of excellence that defines WTOK and our community. Some analysts believe Sinclair wants to rival Fox News, although officials at Sinclair have rejected those suggestions. [51] The Circle TV network made its launch on January 1, 2020. Gray launches its first NextGen TV (ATSC 3.0) station in Tallahassee, Florida. Senators and Representatives serving their communities. The Company also acquired Gulflink Communications, Inc., a satellite uplink service. [25][26] The sale was completed on September 15. Management will handle it instead. The Company opens newly remodeled 20,000 sq. Gray COO Bob Smith noted that there was already some displacement of regular advertisers by political spots in the first quarter. 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. The Company revives the daily tradition of airing the National Anthem by its stations each morning. The company runs a corporate political action committee that has donated to dozens of congressional Democrats and Republicans across the ideological map. . Its station base consists all ranges of media markets, from as large as Atlanta, to one of the smallest markets, North Platte, Nebraska. Just last month, Gray Television Inc. and Raycom Media Inc. announced a $3.6 billion merger that would make them the third-largest TV . 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