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 National Association of Broadcasting Educational Foundation chose Gray's WJRT (ABC) in Flint, Michigan, as the winner of its 2018 Service to Community Award in the Media Market category and WCTV (CBS) in Tallahassee, Florida, as the winner in the Small Market category. We know that the world is waking up to its environmental responsibility. " THANK YOU!! Van Susteren told The LA Times: [] she expects Grays geographical reach to help in booking presidential candidates to appear on the program. 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. On August 20, KTVE was sold for cash and accounts receivable. Robinson, Bull Run's chair, took over as interim CEO and president with Bull Run CEO Robert Prather as interim executive vice-president, acquisitions. Spot TV Forecast: After Political Bonanza In 22, Flat Will Suffice For 23, Top 30 Station Groups: Standard General Leaps Into Second Place With Tegna Acquisition, 13th Annual Women In Technology Awards Reception, Revenue Strategies: Advanced Targeting for Local TV. Gray Television, Inc. is an American publicly traded television broadcasting company based in Atlanta, Georgia. [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. There was a problem. The large Atlanta Georgia-based communication corporation may not share Sinclairs solid right wing reputation but they certainly have their sights set on New Hampshires First-in-theNation presidential primarys advertising profits. [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. 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 2016 elections will decide the White House, 34 U.S. Senate seats and 12 governorships. | Source: 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 Company changed its name to Gray Communications Systems, Inc. and launched an initial public stock offering . I wrote this article myself, and it expresses my own opinions. Gray Television reaches a multi-year deal with Fox Television Network that renews station affiliation agreements covering all of its Fox affiliated stations across 21 markets. Atlanta businessman J. Mack Robinson purchased control of Gray Communications Systems from the estate of James H. Gray, Sr.Mr. Additionally, the FCC incentive auction starts in 2016 and the current valuation assigns no value to the spectrum assets. 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. A single Democratic leadership-aligned nonprofit called Majority Forward poured a record-breaking $46 million into 2018 elections from the left. Copyright 2023 Gray Television, Inc. All Rights Reserved, GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE, Q4 2022 Gray Television, Inc. Earnings Conference Call, Gray Television Investor Presentation, March 2022, 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, LOCAL TV REVIVES A BYGONE TRADITION: AIRING THE NATIONAL ANTHEM | It is one of popular culture's generational divides: whether you are old enough to remember when television stations concluded the night's programming with "The Star-Spangled Banner. Gray Television's roots begin in January 1891 with the creation of the Albany Herald in Albany, Georgia. Dress codes may also take the form of casual or professional, depending on the department at Gray Television. Utilize solar powered trailers and fuel-efficient vehicles where possible to reduce carbon footprint. by Hilton Howell. The Company purchased Yellowstone Television stations KGNS-TV (Laredo, TX), KGWN-TV/KSTF-TV and KCHY-LP (Cheyenne, WY) and KCWY-TV (Casper, WY). From this years experience, LaPlatney said he believes broadcast TV will continue to play a major role in campaign advertising even with the growing presence of digital platforms. The Company entered the television business when it constructed WALB-TV (Albany, GA) to complement its radio station, WALB(AM). 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. The pro forma portfolio includes 79 markets with the top-rated television station and 101 markets with the first and/or second highest rated television station according to Comscore's audience measurement data. [23][24], On July 24, 2014, SJL Broadcasting announced that it would sell WJRT-TV and WTVG to Gray, for $128million. 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. With Raycom Media acquiring a station from AFLAC Broadcast Group, Inc., forcing them to sell WITN-TV to Gray, which was finalized on August 1, 1997. 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. Just last month, Gray Television Inc. and Raycom Media Inc. announced a $3.6 billion merger that would make them the third-largest TV . The Atlanta-based television broadcaster Gray Television Inc., which owns stations in 51 markets, recently announced it was reducing its forecast for political ad spending for the remainder. Require all tenants to utilize studio driven green initiatives across all their productions. In reality, this management team has done a great job of completing accretive M&A over the years (already moving from 6% to 8% of US households covered). Related: Stations, Networks Eye Boom in Political Ad Spending. You will receive a verification email shortly. The Company also sold WALB-TV (Albany, GA). 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. Assume the current net income margin of 10% holds, you get net income of $65 million. 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. Gray announces its acquisition of Quincy Media, Inc. for $925 million. I enjoy the people I've worked with and come across. She previously covered politics at Gray TV's KFYR-TV in Bismarck, N.D. Josh Rultenberg Multimedia Journalist. They also named three other Gray stations as finalists for these prestigious awards. We use cookies to ensure that we give you the best experience on our website. David Zaslav, who led the merger with CNN and Discovery, donated over $240,000. The Company acquired daily newspaper the Gwinnett Post-Tribune (Lawrenceville, GA). Yes, Gray Television drug tests. The company was considered in 1996 by Fortune magazine as the 81st fastest growing company, having a 48% percent growth rate. Mr. Robinson resigned as Chief Executive Officer and continued as Chairman Emeritus. 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 is a well run-business with a number of near-term tailwinds. The current share price is valuing the existing business and assigns no value to future deals. On the right, a nonprofit called 45 Committee poured more than $23 million into the 2016 presidential race to support President Donald Trump. And this growth is likely to persist. The Company renewed over 250 retransmission consent agreements at year-end with no disruptions to local viewers. The Company and NBC enter into TV Everywhere Agreement, and the Company launches all of its CBS stations on the CBS All Access platform. Politics begins in local markets, Van Susteren said. Sinclairs political bent has been a factor in its pending acquisition of Tribune Media. 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. Putting all the segments together, we use management's forecast for retransmission fees as outlined in the May investor presentation. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Compared to the last midterms, which occurred in 2018, Gray's management team was estimating that they would bring in roughly $575 million in political advertising in 2022, which was an increase . 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. 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 . 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. A study by Gfk in 2013 found that 19.3% of homes were using an antenna rather than pay for television, up from 17.8%. Gray Television ( NYSE: GTN, NYSE: GTN.A) is a television broadcast company based in Atlanta. Gray is the nations second largest television broadcaster, with television stations serving 113 markets that reach approximately 36 percent of US television households. Gray partners with the Salvation Army to produce and broadcast Lift Up Louisiana to raise money for Hurricane Ida relief efforts. [46][47][48] The deal was completed on January 2, 2019. You can check out our full list of. Atlanta, April 08, 2019 (GLOBE NEWSWIRE) -- Gray Television, Inc. 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