James C. Ryan, formerly CFO of Busse Broadcasting Corporation, named Vice President and Chief Financial Officer. I think its going to be a gargantuan year in this mid-year election. From community outreach efforts to green initiatives, we are striving to make a meaningful difference in the world in which we live. 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. The Company opens a significantly remodeled, state-of-the-art facility for KNOE-TV (CBS, ABC) in Monroe, Louisiana. James H. Gray, Jr. resigned as President and surgeon William E. Mayher, III joined Gray's Board of Directors. 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. . No concrete was hauled off site or shipped to landfills. Contributor Gary Arlen is known for his insights into the convergence of media, telecom, content and technology. Gray Television, Inc. is an American publicly traded television broadcasting company based in Atlanta, Georgia. A study by Gfk in 2013 found that 19.3% of homes were using an antenna rather than pay for television, up from 17.8%. [13], On July 30, 2009, Gray was awarded a contract to manage seven Young Broadcasting-owned stations. The Company partners with Loyola University New Orleans School of Mass Communications to create a "Producer Incubator Lab.". I have no business relationship with any company whose stock is mentioned in this article. I wrote this article myself, and it expresses my own opinions. 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. Compared to the last midterms, which occurred in 2018, Gray's management team was estimating that they would bring in roughly $575 million in political advertising in 2022, which was an increase . [4] Gray purchased two TV stations (WKYT-TV and WYMT-TV) from the failed and government-seized Kentucky Central Insurance Company in September 1994 after a court challenge to the sale by Kentucky Central builder Garvice Kincaid. Gray completes its acquisition of Quincy Media and its sale of ten Quincy stations to Allen Media. 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. Please. 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. They also named three other Gray stations as finalists for these prestigious awards. Circle is a Country lifestyle network joint venture with partner Opry Entertainment Group, a subsidiary of Ryman Hospitality Properties. 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. 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. Gray Television's roots begin in January 1891 with the creation of the Albany Herald in Albany, Georgia. 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. 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. I felt like that job gave me very important skills that Ill take with me in every job to come & be extremely valuable for. TV-news veteran Greta Van Susteren has joined Gray Television as a national political analyst who will provide news operations at the company's TV stations with . The Company announced the promotion of its five Senior Vice Presidents to new roles as Executive Vice Presidents. This seesaw motion isn't random, it matches the election cycle. Gray and ViacomCBS announces multi-year agreement to renew all 47 of Grays CBS affiliations. In this Gray TV guide to political ads, we'll break down the federal rules on political advertising. I learned a great deal of skills in a short period of time. I am now the local media. 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). 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. 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. Mr. Deaver resigned from the Board of Directors. Help us make this company more transparent. Van Susteren told The LA Times: [] she expects Grays geographical reach to help in booking presidential candidates to appear on the program. Between the early 1990s and today, the company was transformed through strategic acquisitions and subtle, yet critical transitions. The dividend is payable on March 31, 2023, to shareholders of Gray Television is an unmatched broadcast pioneer that keeps getting bigger and better. 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. The Board of Directors unanimously voted to expand the Board by one seat and elected Luis A. Garcia as a Director to fill that position. Hugh E. Norton joined Gray's Board of Directors. James Harrison Gray, Sr. acquired the Herald Publishing Company. Gray purchases Third Rail Studios in Doraville, Georgia. Gray is the largest owner of top-rated local television stations and digital assets in the United States ("U.S."). Looking first at non-political advertising revenue, it has grown at a steady rate every year since 2009: This segment is somewhat sensitive to the economy but overall has been a GDP+ type growth story (2014 is higher because of acquisitions). 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. Total 2016 revenue could be as much as $654 million. The Company announced the passing of Second Founder J. Mack Robinson. 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]. Not much. Gray Television, Inc. Atlanta, Ga, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Gray Television, Inc. (Gray) (NYSE: GTN) today announced that its local television stations and digital platforms have now run more than $400 million in political advertisements since January 1, 2020, net of commissions and agency fees. Gray honored with eight National Edward R. Murrow Awards for excellence in journalism by RTDNA. Recycled all the steel and rebar previously on the site. Gray is a well run-business with a number of near-term tailwinds. In this Gray TV guide to political ads, we'll break down the federal rules on political advertising. There was a problem. None of the information on this page has been provided or approved by Gray Television. 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 companys quarterly conference call Friday morning. [35][36] At that time, Gray had already acquired Sioux Falls rival station KSFY. Howell later clarified that beating the 2020 presidential year record of $652 million is aspirational, and not reflected in Grays financial projections. He also cited the continuing TV commercials in the pending Georgia races for U.S. Senate seats. If they are able to grow by 77% again this cycle you're looking at political revenue of $152 million. [37] On May 4, 2017, Gray announced its intent to acquire WCAX-TV in Burlington, Vermont from Mount Mansfield Television for $29million. This eliminated the need to use additional of concrete, plastics and metal structures and minimizes the amount of maintenance and repairs that are typical of an underground system. Youll see the pie continue to grow. There are many outstanding restaurants and local festivals throughout the year. 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. Claiming and updating your company profile on Zippia is free and easy. 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. Gray Television Chairman-CEO Hilton Howell was upbeat, to say the least, when describing the outlook for political ad spending this year. The parties later agreed to a settlement. The Company announces that Greta Van Susteren has joined Gray as Chief National Political Analyst. [23][24], On July 24, 2014, SJL Broadcasting announced that it would sell WJRT-TV and WTVG to Gray, for $128million. New York, The combined company would be led by Raycom's current president and CEO Pat LaPlatney, with current Gray CEO Hilton Howell acting as executive chairman and co-CEO. 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. 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