Gray Television's total non-political (core) ad revenue last month was about $82 million; during the same month, political ads generated $175 in advertising, said Pat LaPlatney, President & Co-CEO of Gray Television, Inc. You will receive a verification email shortly. On this Wikipedia the language links are at the top of the page across from the article title. NY 10036. Broadcast TV stations rely on advertising to make money. Now Sinclair has tailored promotional spots for its almost 200 local news outlets that seem to mirror parts of Trumps oft repeated bogus fake news claims. 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. Now some will read that as a "fair" or "full" price. 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. Also, a new bank credit facility was arranged. Gray partners with the Salvation Army to produce and broadcast Lift Up Louisiana to raise money for Hurricane Ida relief efforts. The lack of work/life balance & the overall culture of the specific newsroom I worked in. Gray Television Chairman-CEO Hilton Howell was upbeat, to say the least, when describing the outlook for political ad spending this 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. Gray announces significant expansion to National Investigative Team. Gray Television is known to have a strict drug testing policy. Recycled 88 acres of concrete and existing structure on the site when we purchased the property. 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. While that is good news and bad news to some degree, its a clear victory for in-house health and political sales teams, and our core stations have done outstanding work in developing this category. [3], In 1994 and 1995, Gray purchased two newspapers, the Rockdale Citizen (acquired May 31, 1994) and Gwinnett Post-Tribune (acquired January 1995; quickly renamed Gwinnett Daily Post) and seven advertising weeklies. Some analysts believe Sinclair wants to rival Fox News, although officials at Sinclair have rejected those suggestions. 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). 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). 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. [4] This caused difficulties as two of the three wanted to sell with the third unable to purchase. Robin R. Howell joined Board of Directors. [37] On May 4, 2017, Gray announced its intent to acquire WCAX-TV in Burlington, Vermont from Mount Mansfield Television for $29million. Gray Television is a television broadcast company headquartered in Atlanta, Georgia. Several recipients of Nexstar donations, including Sens. They seem to do a good job building team chemistry and my coworkers seem like nice people. 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". The Company announced the election of Beth Neuhoff to its Board of Directors. The Radio Television Digital News Association (RTDNA) awards a combined 49 Regional Edward R. Murrow awards for excellence in journalism to 21 of Grays local stations. These records will be broken in 2024, he predicted, but he admitted, It hard for me to put that into context.. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Mr. Robinson named Chairman and Chief Executive Officer, Hilton H. Howell, Jr. named Vice Chairman, Robert S. Prather named President and Chief Operating Officer, and James C. Ryan named Senior Vice President. This is a place for dedicated, ambitious team players who pursue meaningful news stories. Our new travel and tourism team is also making meaningful contributions to our sales efforts, said LaPlatney. The Company agrees to acquire WVIR (NBC) in Charlottesville, Virginia, and to divest television stations WCAV (CBS/FOX) and WVAW (ABC) in that market. Robinson, Robert S. Prather, and Hilton H. Howell, Jr. joined Gray's Board of Directors. Omaha is a cultural gem right in the middle of the country. AllSides Media Bias Chart. Gray's ownership of a newspaper and TV station in Albany, Georgia while grandfathered was examined under the Media cross-ownership rule of the FCC due to this potential purchase. [3][4], The company was then taken public on NASDAQ's small-cap market in the 2nd quarter 1992. The Company breaks ground on new WRDW-TV Station facility in Georgia. Robinson, Bull Run's chair, took over as interim CEO and president with Bull Run CEO Robert Prather as interim executive vice-president, acquisitions. 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. [55][56] The "studio city" is set to include multiple film studios, as well as apartments, townhomes, a hotel, corporate offices, restaurants and retail space. The current share price is valuing the existing business and assigns no value to future deals. The Company purchased the operations other than the FCC licensed assets of six stations: KHAS-TV (Lincoln-Hastings, NE) from Hoak Media; KNDX-TV/KXND-TV (Minot-Bismarck, ND) from Prime Cities Broadcasting; KJCT-TV (Grand Junction, CO) from Excalibur Broadcasting; and KXJB-TV (Fargo, ND) and KAQY-TV (Monroe, LA) from Parker Broadcasting. The Company subsequently announced the divestiture of all the radio stations and certain television stations to facilitate regulatory approvals. 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]. The Company began providing sales and other services to KJCT-TV (Grand Junction, CO). The Company purchased KOSA-TV (Odessa, TX) from Investment Company of America. [25][26] The sale was completed on September 15. Gray Television supports local community interests by providing quality television broadcasting and exceptional service in each market we serve. Gray purchases Third Rail Studios in Doraville, Georgia. After the spinoff, the total enterprise value of the transaction for Gray will be $2.7 billion. [3] WALB was thus sold to Liberty Corp.'s Cosmos Broadcasting in August 1998. Grays television stations raise $12.6 million in donations benefiting local residents and local organizations in need during March and April 2020. Campaigns turned much more to broadcast television, he said. [38][39], In April 2017, Gray Television filed a lawsuit against Nick Prueher and Joe Pickett, founders of the Found Footage Festival, for fraud and copyright infringement, after having booked an appearance on the morning show of a Gray station as a fake strongman act, "Chop and Steele", and utilizing the footage during their show. Putting all the segments together, we use management's forecast for retransmission fees as outlined in the May investor presentation. 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. But that's probably not the whole story. Please disable your ad-blocker and refresh. Josh Rultenberg joined the Gray Television Washington News Bureau in July 2022 as a multimedia journalist. During that period, Gray Television divested all the newspapers and television stations that it owned prior to 1993 other than WJHG. 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. 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. Gray Televisions total non-political (core) ad revenue last month was about $82 million; during the same month, political ads generated $175 in advertising, said Pat LaPlatney,President & Co-CEO of Gray Television, Inc. He also confirmed that sports events were a heavy focus, with many [political] advertisers triple spotting during college and NFL football games. He noted that many campaign advertisers ran two spots within a half-hour local newscast and many waived the separation requirements to keep their commercials from being run adjacent to rivals political messages. 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.. From community outreach efforts to green initiatives, we are striving to make a meaningful difference in the world in which we live. [49][50], Gray announced on April 24, 2019, a joint venture with Grand Ole Opry Entertainment Group, a subsidiary of Ryman Hospitality Properties, a former owner of The Nashville Network. 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. Assume the current net income margin of 10% holds, you get net income of $65 million. Management will handle it instead. Thank you for signing up to Broadcasting & Cable. 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. Mr. Prather resigned from all positions with the Company. The Company acquired the Goshen News daily newspaper (Goshen, IN). They own and operate stations in 44 markets, broadcasting 139 streams including 76 affiliates of. The company drug screens all potential hires during the pre-employment period, once a job offer has been made. 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