Gray is a well run-business with a number of near-term tailwinds.
The Company purchased KCRG-TV (Cedar Rapids, IA) from The Gazette Company. Fortune Magazine announced that Gray Television ranked 96th in its ranking of the Top 100 Fastest Growing Companies in the World for 2017. Gray intended to turn KNHL into a satellite of its NBC affiliate KSNB-TV. During the construction of the Assembly Studios complex, we have taken the following actions to reduce environmental impact, and even improve the property: Currently, Third Rail Studios and upon completion of the Assembly Studio complex, Assembly Atlanta has or will implement the following actions as part of our commitment to the environment: Copyright 2023 Gray Television, Inc. All Rights Reserved, Senior Vice President, Chief Digital Officer, Senior Vice President, Chief Technology Officer, Senior Vice President, Chief Accounting Officer, Senior Vice President, Financial Reporting, Senior Vice President, Government Relations and Distribution, Vice President, Gray TV Telemundo Station Group, Senior Vice President, Deputy General Counsel, Vice President, Assistant General Counsel, Vice President and General Manager of Washington Operations, Vice President, Sales Training and Development, Senior Executive Administrator, Corporate Support Services, Assistant Secretary, Assistant General Counsel, President and CEO, Tupelo Media Group, LLC, Vice President, Digital Content and Audience Development, SVP, Program Planning and Distribution, Raycom Sports Network, LLC, Assistant Vice President, Shared Services, Vice President, Chief Information Security Officer, Vice President, Senior Programming and Production Counsel, Vice President, Traffic and Sales Systems, 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. [28][29] It also purchased KCRG-TV in Cedar Rapids, Iowa from the locally owned Gazette Company, who owned the station from its sign-on in 1953. They seem to do a good job building team chemistry and my coworkers seem like nice people. Yes, Gray Television drug tests. 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. During that period, Gray Television divested all the newspapers and television stations that it owned prior to 1993 other than WJHG. Collaborate with our long-term tenant to monitor in real time critical infrastructure, HVAC, and power systems to reduce waste. " THANK YOU!! In 1991, to break the stalemate, the board of directors had the company purchase 25% of their shares. The Company selected by TVNewsCheck as "2016 Station Group of the Year". The new Young Broadcasting still held the final say on overall operations for their stations, including programming and personnel.[16][18]. Gray Television's roots begin in January 1891 with the creation of the Albany Herald in Albany, Georgia. [61], The agreement ended without any further extensions on December 31, 2012, and Young agreed to a merger with Media General in mid-2013. They own and operate stations in 44 markets, broadcasting 139 streams including 76 affiliates of. AP Photo/Charles Dharapak, File. Meeting new people in the reporting area of the business. [51] The Circle TV network made its launch on January 1, 2020. 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. The community has an amazing musical and artistic history that combines the best of a small town atmosphere with the amenities of a much larger city. 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 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. In 1960, Gray purchased WJHG-TV in Panama City, Florida, and followed it later in the decade with KTVE serving Monroe, Louisiana and southern Arkansas. To comply with federal regulators, Gray would divest Quincy stations in Tucson; Harrisburg, Illinois; Waterloo/Cedar Rapids, Iowa; and Madison, La Crosse, and Wausau in Wisconsin over to Allen Media Group. The Company renewed essentially all of its affiliation agreements with the ABC, CBS, NBC, FOX, and CW networks. The Company announced that the Singing For Their Supper telethon raised over one million dollars for local food banks through its broadcast one afternoon across 50 of its markets. Want to explore some other great places to work in Atlanta, GA? The Company reached an agreement with Diversified Communications to acquire WABI (CBS/CW) in Bangor, Maine and WCJB (ABC/CW) in Gainesville, Florida. Gray Television is a television broadcast company headquartered in Atlanta, Georgia. Gray contributed distribution and marketing capabilities, multicast knowledge and affiliate Gray TV stations. Gray is also well diversified across the networks, reducing programming risk. Building from $26 million in political spending for the first quarter, Gray is expecting $65 million to $70 million this quarter, to take the first half total to a range of $91 million to $96 million. John Dean (of Watergate notoriety) observed. We are business leaders in our local economies and servant leaders in our communities. Fortune Magazine announced that Gray Television ranked 77th in its ranking of the Top 100 Fastest Growing Companies in the World for 2016. Mr. Robinson did not stand for re-election to the Board. Gray announces that legendary news anchor and journalist Monica Kaufman Pearson has joined its Atlanta television stations, CBS46 and Peachtree TV. Gray Television is in the broadcast media industry. For those not familiar with her, Van Susteren spent 14years as a prime-time FoxNews host replaced by Tucker Carlson in 2016.Then in 2017 she was on MSNBC but was dropped after six months. Mansfield Television, Inc. to acquire WCAX (CBS) in Burlington, Vermont-Plattsburgh, New York. Gray Television is known to have a strict drug testing policy. The Company and NBC enter into TV Everywhere Agreement, and the Company launches all of its CBS stations on the CBS All Access platform. I consent the use of my personal data in accordance with Future's. We'll know a lot more in the coming quarters but the auction process could reveal an undiscovered asset worth hundreds of millions of dollars for Gray - none of which is reflected in the current valuation. The Companys television stations create an online Local Business Directory for thousands of local companies who remain open for business. Through December 31, 2012, Gray would earn $2.2million and an opportunity to earn additional specified incentive fees if certain performance targets were exceeded. I enjoy the people I've worked with and come across. He writes regularly about trends and media/marketing for the Consumer Technology Association's i3 magazine plus several blogs. Good foot in the door to broadcasting. Gray Television, Inc. is an American publicly traded television broadcasting company based in Atlanta, Georgia. Gray Television is a television broadcast company headquartered in Atlanta, Georgia. And Gray has been introducing its sales training throughout the newly acquired Meredith stations as it did previously with the former Quincy Media stations. 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). 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. At today's valuation of 17x earnings this accounts for the entire market cap. Over the years Gray has done a great job of operating their company. [13], The company had overpaid for a pair of stations and was over leveraged like many other station groups entering the Great Recession. As President of Arlen Communications LLC, he has provided analyses about the development of applications and services for entertainment, marketing and e-commerce. Have you worked at Gray Television? 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 competitors include Nexstar Media Group, KY3, KESQ, WTOP News, Media Production, WBOC TV16, KKTV 11 News, WLUK-TV FOX 11, WSOC-TV, WTHR-TV, WKTV, KOTA Territory News, KCBD, WBKO, Kndu-tv, WJTV, Landmark Community Newspapers, Inc., WEVV 44News, WDBJ7, KPTV Fox 12 Oregon. Radio Television Digital News Association (RTDNA) awards 57 Regional Edward R. Murrow Awards for excellence in journalism to 26 Gray stations. The Company purchased WAGM-TV (Presque, ME) from NEPSK, Inc. Sinclairs political bent has been a factor in its pending acquisition of Tribune Media. I think its going to be a gargantuan year in this mid-year election. None of the information on this page has been provided or approved by Gray Television. Presented another way, below you can see what political represents as a percent of total revenue for the year. Gray Television is a group of inspired innovators and thought leaders in the television industry. raised $80 million online during that period; Ms. Loeffler and Mr. Perdue combined for closer to $75 million. 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. James H. Gray, Jr. resigned as President and surgeon William E. Mayher, III joined Gray's Board of Directors. James C. Ryan, formerly CFO of Busse Broadcasting Corporation, named Vice President and Chief Financial Officer. AllSides Media Bias Chart. In 1995, the company moved its stock listing to the New York Stock Exchange. . In 2012, Gray covered roughly 6% of US households (which was the same percent in 2008), through acquisition and expansion they now cover 8%. New York, "The television station portfolios . The Company launched start-up station WCAV-TV in Charlottesville, VA. Former U.S. 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. 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 renewed over 250 retransmission consent agreements at year-end with no disruptions to local viewers. Meridian is also home to several highly impactful military installations, including NAS Meridian, one of only a few Navy jet fighter training units in the Country. Gray Television is ranked #13 on the Best Media Companies to Work For in Georgia list. The Company closed on the swap of KAKE-TV (Wichita, KS) for WBXX-TV (Knoxville, TN). The price per share dropped to $8. This is an opportunity to come to one of the most award-winning stations in Virginia, to live in a great small city and learn how to really hone your craft in a terrific newsroom with a new commitment to technology, resources, and partnerships. Gray Television is a well-established company. The Company reached an agreement with Mt. 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. Our new travel and tourism team is also making meaningful contributions to our sales efforts, said LaPlatney. This brought the company total to $534.5 million in available funds with $409.5 million directly available. 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