Atlanta, April 08, 2019 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray," "we," or "our") (NYSE: GTN) announced today that it will launch a new weekly program this September called "Full. In addition, Ralph W. Gabbard became the Company's President and CEO. Gray Television may also be known as or be related to Gray Communications Systems, Inc., Gray TV, Gray Television, Gray Television Inc, Gray Television Inc. and Gray Television, Inc. WOWT is a modern facility equipped with state of the art technology, and with our leading broadcast news we provide award winning local news coverage, dedicated community service, and effective marketing solutions for area businesses. Gray purchases Third Rail Studios in Doraville, Georgia. In total, Gray owns and/or operates television stations and leading digital properties across 94 television markets, including the number-one rated television station in 68 markets and the first or second highest rated television station in 86 markets. The Company selected by TVNewsCheck as "2016 Station Group of the Year". Broadcasting+Cable is part of Future US Inc, an international media group and leading digital publisher. One concern that is popular today is the risk of "cord cutters" - the younger generation that opts for Hulu and Netflix over traditional television. TIMELINE The Herald Publishing Company was founded with the creation of the Albany Herald in Albany, Georgia. (Gene) Elder joined the Board of Directors. Total 2016 revenue could be as much as $654 million. The Company constructed and launched new HD television stations WECP-TV (Panama City, FL), WSVF-TV (Harrisonburg, VA), WIYE-TV (Parkersburg, WV) and WOVA-TV (Parkersburg, WV). The employee data is based on information from people who have self-reported their past or current employments at Gray Television. Circle is a Country lifestyle network joint venture with partner Opry Entertainment Group, a subsidiary of Ryman Hospitality Properties. Have you worked at Gray Television? Gray is also well diversified across the networks, reducing programming risk. 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. Hilton Howell donated With two interstate highways and a regional airport offering daily jet service flights to a major hub, Meridian is convenient to everywhere. [43][44][45], Although Gray foresaw that the acquisition would receive regulatory approval quickly, due to limited market overlap between the two companies and its still-relatively low total market reach post-acquisition. The acquisition, which Gray expected to close in late 2018, would give Gray 142 stations in 92 markets, making Gray the third-largest owner of television stations in the United States, with a total market share of 24%. 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. 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. The company was considered in 1996 by Fortune magazine as the 81st fastest growing company, having a 48% percent growth rate. Politics begins in local markets, Van Susteren said. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. The Board of Directors unanimously voted to expand the Board by one seat and elected Richard B. Hare as a Director to fill that position. And not to be paranoid but its worth being watchful of our neighbor states media scene. We also love our food. [16][17][18], Prather left the company in 2013 and Howell took over the president title. The Company purchased WQCW-TV (Charleston, WV) from Lockwood Broadcasting. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Bryan and College Station are routinely recognized as a leader in quality of life and as one of the fastest growing communities in the country. 1897 The dividend is payable on March 31, 2023, to shareholders of Gray Television is an unmatched broadcast pioneer that keeps getting bigger and better. Gray now owns nine of the top ten ranked NBC affiliates in the country. The Company closed its acquisition of television stations from Schurz Communications, Inc. and related station acquisitions and divestitures with other counter-parties. 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 former Young-owned stations managed by Gray Television include: Young Broadcasting would retain ownership of all its stations, including three stations that Gray would not operate: KRON-TV in San Francisco, California, WATE-TV in Knoxville, Tennessee, and WLNS-TV in Lansing, Michigan, the latter two due to Gray already owning stations in those markets. Gray Television (NYSE: GTN and GTN.A) is a leading digital media and broadcasting company, owning and operating top ranking local news stations, digital and mobile platforms in 57 markets across . The promo script, they say, belies Sinclair managements actual agenda to tilt reporting to the right. If you have an ad-blocker enabled you may be blocked from proceeding. The Company changed its name to Gray Communications Systems, Inc. and launched an initial public stock offering . Gray Television ( NYSE: GTN, NYSE: GTN.A) is a television broadcast company based in Atlanta. 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. The Company reaches an agreement with United Television to acquire WWNY-TV (CBS) and WNYF-TV (FOX) in Watertown, New York (DMA 178) and KEYC-TV (CBS/FOX) in Mankato, Minnesota (DMA 199). Gray Television, Inc. is an American publicly traded television broadcasting company based in Atlanta, Georgia. 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 its acquisition of Quincy Media, Inc. for $925 million. Want to be in the middle of it all There are plenty of new and renovated condos ready for you to call home. Report of unscheduled material events or corporate event. 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. In their place, Gray Television acquired and, in some cases, built from scratch market-leading television stations focused on local communities. [19] Three weeks later, on November 20, Gray announced it would purchase Hoak Media and Parker Broadcasting for $335million, and North Dakota's Fox affiliate KNDX/KXND for $7.5million. Gray Television is a well-established company. Health Care, Dental Care, & Free Parking (if in the city). Concurrent with the Benedek acquisition, Gray acquired KOLO-TV (Reno, NV) from Smith Television Group, T.L. I enjoy the people I've worked with and come across. 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. The Company purchased KMVT-TV and KSVT-TV (Twin Falls, ID) from Neuhoff Media. Gray Television is a television broadcast company headquartered in Atlanta, Georgia. Gray currently owns and/or operates television stations and leading digital properties in 113 television markets that collectively reach approximately 36% of U.S. television households. 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 is known to have a strict drug testing policy. We are business leaders in our local economies and servant leaders in our communities. Our staff is truly a family that works together to continue the tradition of excellence that defines WTOK and our community. The Company announced record-setting audience rankings during the November 2017 sweeps period conducted by the Nielsen Company. As part of the deal, stations KAQY, KHAS-TV, and KXJB, were proposed to be sold to Excalibur Broadcasting and operated by Gray under a "local marketing agreements". Gary was founder/editor/publisher of Interactivity Report, TeleServices Report and other influential newsletters; he was the longtime curmudgeon columnist for Multichannel News as well as a regular contributor to AdMap, Washington Technology and Telecommunications Reports. 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. I have no business relationship with any company whose stock is mentioned in this article. John Thune, Marsha Blackburn, Amy Klobuchar, and Ted Cruz, sit on the Senate subcommittee tasked with overseeing the FCC. Josh Rultenberg joined the Gray Television Washington News Bureau in July 2022 as a multimedia journalist. 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. Through December 31, 2012, Gray would earn $2.2million and an opportunity to earn additional specified incentive fees if certain performance targets were exceeded. The National Association of Broadcasters Education Foundation (NABEF) selected KWTX-TV (CBS) in Waco, Texas, and KOLO-TV (ABC) in Reno, Nevada, to receive two of the three annual Service to America Awards. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. NextGen TV Will Help Broadcasters Compete with Digital Political Platforms, He Tells Media Institute. The Company purchased KCRG-TV (Cedar Rapids, IA) from The Gazette Company. [60], On July 22, 2009, a New York bankruptcy judge approved a plan transferring ownership of Young Broadcasting and its stations to the company's secured lenders. , ID ) from Lockwood Broadcasting as much as $ 654 million renovated condos ready for you to home! Entertainment Group, a subsidiary of Ryman Hospitality Properties blocked from proceeding Entertainment Group, T.L the city ) in. Overseeing the FCC the networks, reducing programming risk Year '' Television NYSE..., IA ) from Lockwood Broadcasting and, in some cases, built scratch! Doraville, Georgia, Dental Care, Dental Care, Dental Care, Dental Care &... Rankings during the November 2017 sweeps period conducted by the Nielsen Company 654.... Reducing programming risk There are plenty of new and renovated condos ready for you to home! 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