James Murdoch, who left the family Fox News business, donated over $2.25 million. Gray is a well run-business with a number of near-term tailwinds. 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. But thats precisely why some staffers were so troubled by it. The Company entered the television business when it constructed WALB-TV (Albany, GA) to complement its radio station, WALB(AM). Gray partners with the Salvation Army to produce and broadcast Lift Up Louisiana to raise money for Hurricane Ida relief efforts. The Company also acquired Gulflink Communications, Inc., a satellite uplink service. Meridian, MS is a place people love to call home. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. He also cited the continuing TV commercials in the pending Georgia races for U.S. Senate seats. 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. 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. [45] The sale was approved by the FCC on December 20, 2018. (January 2nd, 2019). ", "Gray Buying Hoak, Prime Stations For $342.5M", "Re: Prime Cities Broadcasting, Inc. Request for Dismissal of Group Application for Assignment of Broadcast Station License(s)". 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. By this time, Robinson, directly or through Bull Run, owned 44% of the company's stock. 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. TIMELINE The Herald Publishing Company was founded with the creation of the Albany Herald in Albany, Georgia. However, some stations were forced to go off the air and their programming was moved to a multicast stream on adjacent channels, due to some stations being unable to receive regulatory approval, after the FCC's ruling on joint sales agreements. The new Young Broadcasting still held the final say on overall operations for their stations, including programming and personnel.[16][18]. Please disable your ad-blocker and refresh. The Company purchased Busse Broadcasting Corporation and its television stations, KOLN/KGIN-TV (Lincoln/Grand Island, NE) and WEAU-TV (Eau Claire, WI). Related: Stations, Networks Eye Boom in Political Ad Spending. Im going to reach their voters.. NY 10036. The Company wins 19 Regional Edward R. Murrow Awards for excellence in journalism. 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. 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 company's quarterly conference call Friday morning. Politicians buy ad time to help them . During that period, Gray Television divested all the newspapers and television stations that it owned prior to 1993 other than WJHG. Gray Television Stock Can Win From the 2020 Presidential Election | Barron's Media Feature A TV Stock That Can Win No Matter Who Wins the 2020 Election By Lawrence C. Strauss July 5, 2019. In this Gray TV guide to political ads, we'll break down the federal rules on political advertising. Bull Run Corporation, primarily owned by J. Mack Robinson, decided to make Gray a Southeast regional media company, expanding its focus beyond the state of Georgia. Gray had started to focus on its TV station segment over the newspaper holding while TV produced more income and the newspapers' income were declining. The new tweet, correcting her mistake, had just 95 retweets at the time of this writing. [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. Future US, Inc. Full 7th Floor, 130 West 42nd Street, 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. ". Concurrent with the Benedek acquisition, Gray acquired KOLO-TV (Reno, NV) from Smith Television Group, T.L. [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. 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 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. [4], In September 2015, Gray announced that it would acquire the television and radio stations of Schurz Communications for $442.5million. 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. James H. Gray started his communication business with the purchase of The Herald Publishing Company (a company founded in 1897 to promote The Albany Herald, a newspaper that started publication in 1891), in 1946 after he returned from World War II. Overall, at Gray TV stations in 95 markets even through a longer-than-ever political process which began in early 2019 53% of total political revenue came between October 1 and November 3 (Election Day), LaPlatney explained during the monthly webcast of the Media Institute, a Washington think tank, on Monday (November 23). This seesaw motion isn't random, it matches the election cycle. No concrete was hauled off site or shipped to landfills. " THANK YOU!! WASHINGTON Greta Van Susteren will launch a syndicated weekly show for Gray Television in September that will focus on the impact of politics and policy on local communities. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. [27], In July 2015, Gray closed its accounting and human resources offices in Albany (housed in the same building as The Albany Herald), combining them with the corporate offices in Atlanta. Require all tenants to utilize studio driven green initiatives across all their productions. Barry Lewis, Richard L. Boger and Howell W. Newton joined Gray's Board of Directors, and James H. Gray, Jr. resigned from the Board. 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. [3], In August and September 1996, Gray raised additional operating funds by various means. The Company announced record-setting audience rankings during the November 2017 sweeps period conducted by the Nielsen Company. Gray now owns nine of the top ten ranked NBC affiliates in the country. 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. The bureau cooperates with Lilly Broadcasting's Washington bureau, previously started by Policastro, and is located at the NBC News Capitol Hill Bureau, 400 N. Capitol Street. Mr. Robinson did not stand for re-election to the Board. The Company opens a significantly remodeled, state-of-the-art facility for KNOE-TV (CBS, ABC) in Monroe, Louisiana. 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. 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. Youll see the pie continue to grow. In total they reach 8%+ of US television households as outlined in the graphic below. Their corporate memo to local stations dictates the promo be scheduled to create maximum reach and frequency.. "Gray Buys Stations in Flint, Toledo For $128M", "TV in the news Channels 24, 13 expanding newscasts; CW13 to replace WT05", Gray Closes on Flint, Toledo Station Buys, "Schurz Communications to sell WSBT and other TV, radio stations", "Gray Acquiring TV, Radio Stations from Schurz for $442.5 Million", "Gray Opens Washington, D.C. News Bureau", "Gray Buying Two Nexstar Spinoffs For $270M", "Gray Buys Nexstar Stations in Green Bay, Davenport", Gray Buys Diversified's Stations in Bangor, Gainesville, "Gray Buying CBS Affil WCAX Burlington, Vt", "Pranksters sued by TV company over morning show antics", "Meet the comedy duo who got sued for pranking the news", "Gray TV to Buy Raycom in $3.65 Billion Deal", "Gray Acquiring Raycom For $3.65B, Forming No. * To subscribe, you must consent to Futures privacy policy. Grays Raycom Sports launches Origin Sports Network on the Roku Channel in Canada and XUMO in the United States. While every two years there are elections, we only get a presidential election every four. In addition to network diversification, the business is also well diversified by source of revenue. The Company announced that it anticipated receiving $90,824,000 in proceeds resulting from the Federal Communications Commissions reverse auction for broadcast spectrum. 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