It's not just Sinclair that is consolidating, however. 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. The Company announced that it was recognized with the Ad Councils 2017 Crystal Bell Award at Forward 2017, the Television Bureau of Advertisings (TVB) annual leadership conference in New York City. Here is the near term catalyst, we know 2015 will be a down year for political but 2016 will be a dramatically higher year for the presidential election. Install LED lighting technology across studio complex. I am not receiving compensation for it (other than from Seeking Alpha). 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. I consent the use of my personal data in accordance with Future's. The Company announced the promotion of seven Vice Presidents to Senior Vice President, thirteen individuals to Vice President and six additional individuals to new officer positions. Unfortunately,some members of the national mediaare using their platforms to push their own personal bias and agenda to control exactly what people think This isextremelydangerous to our democracy., Then the anchors are supposed to strike a more positive tone and say that their local station pursues the truth. Gray reached an agreement with Nexstar Broadcasting Group, Inc. to acquire two television stations that Nexstar will divest upon its merger with Media General, Inc.: WBAY (ABC), in Green Bay, Wisconsin, and KWQC (NBC) in Davenport, Iowa, both previously owned and operated by Media General. [52], On February 1, 2021, Gray Television announced its intent to acquire all Quincy Media's broadcasting properties for $925 million in cash. Its not only Fox News that covers Trumps back. The bureau was designed to provide enhanced coverage of national political issues for Gray's local stations. [13], In 2006, the company spun off its five daily newspapers and wireless messaging business into the newly formed Triple Crown Media,[4][14] later (in 2010) renamed Southern Community Newspapers. Although not considered to be as openly right-wing as Sinclair Broadcasting which stipulates all outlets must carry conservative political content Gray TV may be Foxifying WCAX a bit. Concurrent with the Benedek acquisition, Gray acquired KOLO-TV (Reno, NV) from Smith Television Group, T.L. We also love our food. LaPlatney said that Gray TV is fully committed to the 3.0 rollout, but because many of its stations are in smaller markets, it may be a while before the service debuts throughout its footprint. [46][47][48] The deal was completed on January 2, 2019. [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. The Company purchased WQCW-TV (Charleston, WV) from Lockwood Broadcasting. large risk for cable companies or cable media companies but Gray will continue to capture these households whether it's through retransmission or directly through an antenna. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The Company launches a syndicated Weekend Political Show Full Court Press with Greta Van Susteren. 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. Politicians buy ad time to help them . The Company renewed over 250 retransmission consent agreements at year-end with no disruptions to local viewers. The pattern gets more interesting as you dig into the segments. As a result, Grays total net political revenue for the calendar year 2020 will exceed the $400 million level that was crossed yesterday. Want to be in the middle of it all There are plenty of new and renovated condos ready for you to call home. The Company announced that KSFY-TV will begin broadcasting from its new downtown state-of-the-art Sioux Falls Studio. NextGen TV Will Help Broadcasters Compete with Digital Political Platforms, He Tells Media Institute. "The television station portfolios . 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 owns and operates television stations in 31 markets across the country, broadcasting over 85 distinct channels of programming and operating dozens of local digital and mobile platforms. Gray Television, Inc. is a broadcast company headquartered in Atlanta, Georgia. Gray launched WALB-TV in 1954. She previously covered politics at Gray TV's KFYR-TV in Bismarck, N.D. Josh Rultenberg Multimedia Journalist. I wrote this article myself, and it expresses my own opinions. The green segment, retransmission, is fees paid by cable or satellite operators to carry their programming. [61], The agreement ended without any further extensions on December 31, 2012, and Young agreed to a merger with Media General in mid-2013. On theHill.com Gray TV Chairman and CEO Hilton Hatchet Howell, Jr., characterized Full Court Press this way: Our goal is to provide critical information without bias to allow viewers to form their own opinions and reach their own decisions by exploring all sides of a complex issue.. [3] WALB was thus sold to Liberty Corp.'s Cosmos Broadcasting in August 1998. [53] Gray's acquisition of Quincy Media was completed on August 2. We are working hard as a company to reduce our carbon footprint on the planet. 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%. They also don't face any re-contracting risk in 2015 or 2016. By this time, Robinson, directly or through Bull Run, owned 44% of the company's stock. Local news is the most desired location for most political advertisers. Have you worked at Gray Television? On the right, a nonprofit called 45 Committee poured more than $23 million into the 2016 presidential race to support President Donald Trump. 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. Wells Fargo provided a valuation analysis for Sinclair's spectrum. [3], In August and September 1996, Gray raised additional operating funds by various means. [16][17][18], Prather left the company in 2013 and Howell took over the president title. Commenting in an interview early this year on how he thought President Trump might weather the Mueller investigation, former White House Counsel John Dean (of Watergate notoriety) observed: I think theres more likelihood (Nixon) might have survived if thered been a Fox News. The implication, of course, is that with the backing of Fox News or another powerful national media propaganda outlet even Richard Nixon, how ever damaged and corrupt as a leader, could have clung to power. Robinson, Robert S. Prather, and Hilton H. Howell, Jr. joined Gray's Board of Directors. The joint venture is based in Nashville under general manager Drew Riefenberger. Is this happening to you frequently? [20] On December 19, it was announced that stations KREX-TV and WMBB would be sold to Nexstar Broadcasting Group, while KFQX would be sold to Mission Broadcasting. 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. It also acquired KTVE-TV (Monroe, LA/El Dorado, AK). 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. The Company launched a new logo, website, and mission statement, establishing for itself a new brand of excellence and localism based on the strength of its employees. Gray reaches a Joint Venture Agreement with Opry Entertainment Group (Ryman Hospitality Properties) to create a premium content broadcast and OTT service focused on the Country Lifestyle. James H. Gray, Jr. resigned as President and surgeon William E. Mayher, III joined Gray's Board of Directors. Open Secrets which tracks political donations made by individuals shows that employees at AARP have donated $96,381 in the 2020 election cycle, most of which went to Democratic candidates. We are committed to working hard to reduce the construction's impact on the environment. 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. Attending the Trump administrations effort to court and spark local TV news markets were reporters from Hearst, Scripps, Cox, Nexstar, and naturally, Sinclair. Gray Television has never seen spending start earlier than we did for the 2020 cycle, he added, citing ad buys in Maine for Senator Susan Collins reelection effort a full year before the general election. He also pointed to the first order (albeit a small one) from Democratic primary hopeful Tom Steyer in February 2019. More recently Media Matters reported something more problematic : With one terrible tweet, Greta Van Susteren helped fuel a conspiracy theory that made its way to the president, who repeated it within hours, On Twitter, former Fox News and MSNBC host Greta Van Susteren tweeted that the FBI obviously tipped off CNN, adding that even if you dont like Stone, it is curious why Muellers office tipped off CNN., Nearly three hours later, Van Susteren conceded that she might be wrong about CNN acting on a tip. This time-proven company loves to hire graduates from Florida State University, with 12.8% of its employees having attended Florida State University. The Company announced the passing of its Chairman since 1993, Dr. Billy Mayher, III. [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. 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). 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. The price per share dropped to $8. Good foot in the door to broadcasting. Want to be in the middle of it all There are plenty of new and renovated ready... Syndicated Weekend political Show Full Court Press with Greta Van Susteren of my personal data in accordance with 's... 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