gray television political donations
Gray Television, Inc. 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 $400 million in political advertisements since January 1, 2020, net of commissions and agency fees. I wrote this article myself, and it expresses my own opinions. These records will be broken in 2024, he predicted, but he admitted, It hard for me to put that into context.. ". Gray Television employees are most likely to be members of the Republican Party. 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. I wrote this article myself, and it expresses my own opinions. 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". Gray announces sale of WJRT-TV (ABC) in Flint, Michigan to Allen Media for $70 million to facilitate its acquisition of Meredith Corporation. In their place, Gray Television acquired and, in some cases, built from scratch market-leading television stations focused on local communities. John Dean (of Watergate notoriety) observed. Gray Television (NYSE:GTN, NYSE:GTN.A) is a television broadcast company based in Atlanta. Concurrent with the Benedek acquisition, Gray acquired KOLO-TV (Reno, NV) from Smith Television Group, T.L. The Company reached an agreement with Mt. Mr. Deaver resigned from the Board of Directors. Gray Television Chairman-CEO Hilton Howell was upbeat, to say the least, when describing the outlook for political ad spending this year. The employee data is based on information from people who have self-reported their past or current employments at Gray Television. 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. 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. Newspaper leaders resigned during this periodfrom the corporate president in late 1995 to the Citizens' editor and publisher. Putting all the segments together, we use management's forecast for retransmission fees as outlined in the May investor presentation. A single Democratic leadership-aligned nonprofit called Majority Forward poured a record-breaking $46 million into 2018 elections from the left. The Gwinnett Daily Post increased circulation in 1997 through a deal with Genesis Cable Communications to provide the paper to its metro Atlanta subscribers at Genesis's expense. 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. In 1995, the company moved its stock listing to the New York Stock Exchange. Josh Rultenberg joined the Gray Television Washington News Bureau in July 2022 as a multimedia journalist. In a new digital-centric arena, our leadership team featured here provides the support and vision that empowers each member of our company to navigate industry shifts as well as grow, thrive and deliver positive impact to those around us. While mostly unnoticed until now, after getting the rights to broadcast the gubernatorial debate, it may not go unnoticed . 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. Kevin Latek, Nick Waller, Bob Smith, and Jason Effinger named Senior Vice Presidents. And of course, the four year cycle is different than the two year cycle. Please. The Company partners with Loyola University New Orleans School of Mass Communications to create a "Producer Incubator Lab.". [4][12], In 2002, Robinson became chairman and CEO, his son-in-law Hilton Howell vice chairman, Prather president/COO and Jim Ryan senior vice president. This seesaw motion isn't random, it matches the election cycle. 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. [3][4], In 1986 Gray died, leaving his 50.5% share of the stock in a trust for his children with stipulation that they run the business together, sell their stock with each other or sell out together. 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. Presented another way, below you can see what political represents as a percent of total revenue for the year. 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). Grays Emmy award winning production company, Tupelo Honey, celebrates its 25th anniversary. Gray announces that it has entered into agreements with the ABC network, CBS network and NBC network that extend the terms of the affiliation agreements for all ABC, CBS and NBC affiliated stations acquired in the Raycom Merger as well as the ABC affiliations for all of the legacy Gray stations. Politicians buy ad time to help them . In this Gray TV guide to political ads, we'll break down the federal rules on political advertising. The Company and NBC enter into TV Everywhere Agreement, and the Company launches all of its CBS stations on the CBS All Access platform. They had Gray purchase 14 Benedek Broadcasting stations while that company was in bankruptcy. [23][24], On July 24, 2014, SJL Broadcasting announced that it would sell WJRT-TV and WTVG to Gray, for $128million. Gray Television is a group of inspired innovators and thought leaders in the television industry. As the company agreed to purchase the Busse Broadcasting Corporation, which owned KOLN, KGIN-TV and WEAU. 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. The transaction completes Gray's transformation from a small, regional broadcaster to a leading media company with nationwide scale based on high-quality stations with exceptional talent in attractive markets. 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. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. During that period, Gray Television divested all the newspapers and television stations that it owned prior to 1993 other than WJHG. 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. The Company subsequently announced the divestiture of all the radio stations and certain television stations to facilitate regulatory approvals. Help other job seekers by rating Gray Television. The Company launches a syndicated Weekend Political Show Full Court Press with Greta Van Susteren. 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. Gray expands its Washington DC news team adding two senior journalists - Jon Decker joins as Senior National Editor and White House Correspondent and investigative reporter Sandra Jones joins Investigate TV. [The Mueller investigation later vigorously denied the claim in a court filing]. Management of Young Broadcasting stations. The promo script, they say, belies Sinclair managements actual agenda to tilt reporting to the right. 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. The combined company would be led by Raycom's current president and CEO Pat LaPlatney, with current Gray CEO Hilton Howell acting as executive chairman and co-CEO. Youll see the pie continue to grow. 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. 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. Assume the current net income margin of 10% holds, you get net income of $65 million. 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. In 2013 Wells Fargo provided a valuation analysis for Sinclair's spectrum, valuing it at $2.9 billion, 35% above the companies total market cap at that time. 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. [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. Sinclair is already the biggest owner of local television stations in the country with 173 it either owns or operates and Tribune will give it dozens more, furthering the companys ambitions. Atlanta businessman J. Mack Robinson purchased control of Gray Communications Systems from the estate of James H. Gray, Sr.Mr. [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. The current share price is valuing the existing business and assigns no value to future deals. Recycled all the steel and rebar previously on the site. Ballots will include all 435. " THANK YOU!! The Company acquires minority ownership interest in TEGNAs Premion, a leading OTT advertising business, and becomes a a reseller of Premions services in its local markets. There was a problem. The Company launches a syndicated Weekend Political Show "Full Court Press" with Greta Van Susteren. The acquisition, which Gray expected to close in late 2018, would give Gray 142 stations in 92 markets, making Gray the third-largest owner of television stations in the United States, with a total market share of 24%. 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). While our footprint is expanding, we remain committed to keeping news local and doing what we can to ensure our stations continue to remain fixtures in their communities. He also cited the continuing TV commercials in the pending Georgia races for U.S. Senate seats. James Murdoch, who left the family Fox News business, donated over $2.25 million. The Company opens a significantly remodeled, state-of-the-art facility for KNOE-TV (CBS, ABC) in Monroe, Louisiana. Through December 31, 2012, Gray would earn $2.2million and an opportunity to earn additional specified incentive fees if certain performance targets were exceeded. And the Federal Communications Commission makes the rules. Mr. Robinson resigned as Chief Executive Officer and continued as Chairman Emeritus. Since Election Day, November 3rd, Grays local television stations and digital platforms serving communities in the State of Georgia have run approximately $20 million (net) in political campaign and political issue advertisements related to the two run-off election races for U.S. Senate seats in Georgia. Additionally, the FCC incentive auction starts in 2016 and the current valuation assigns no value to the spectrum assets. After the spinoff, the total enterprise value of the transaction for Gray will be $2.7 billion. In addition, Ralph W. Gabbard became the Company's President and CEO. Please refresh the page and try again. Attending the Trump administrations effort to court and spark local TV news markets were reporters from Hearst, Scripps, Cox, Nexstar, and naturally, Sinclair. Harriett J. Robinson joined the Board of Directors. 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. Still, Gray has become a powerful media and news presence in Minnesota. Dress codes may also take the form of casual or professional, depending on the department at Gray Television. We own and/or operate television stations and leading digital properties in 113 television markets that collectively reach approximately 36 percent of US television households. By this time, Robinson, directly or through Bull Run, owned 44% of the company's stock. NABs Leadership Foundation selects two Gray stations as national winners in their categories and three Gray stations as finalists in its coveted Service to America Awards competition. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. In a new digital-centric arena, our leadership team featured here provides the support and vision that empowers each member of our company to navigate industry . 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 Company moved to the New York Stock Exchange (NYSE), trading under the symbol GCS. Gray Television is a well-established company. But thats precisely why some staffers were so troubled by it. He added that the gambling, home improvement and legal categories also continue to grow. Gray, The Grand Ole Opry and Circle Network partner for live Opry broadcasts to raise money for Feeding America. The Company opens newly remodeled 20,000 sq. Those silent stations would then be sold off to minority interest, pending FCC approval. 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 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 entered the television business when it constructed WALB-TV (Albany, GA) to complement its radio station, WALB(AM). [21] On March 25, 2014, Prime Cities Broadcasting, owner of KNDX/KXND, requested that the FCC dismiss the sale of KNDX/KXND to Excalibur. [37] On May 4, 2017, Gray announced its intent to acquire WCAX-TV in Burlington, Vermont from Mount Mansfield Television for $29million. 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. Gray COO Bob Smith noted that there was already some displacement of regular advertisers by political spots in the first quarter. Their corporate memo to local stations dictates the promo be scheduled to create maximum reach and frequency.. Politics begins in local markets, Van Susteren said. Jon Decker White House Correspondent and Senior National Editor. Collaborate with our long-term tenant to monitor in real time critical infrastructure, HVAC, and power systems to reduce waste. 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. In response to questions about the role of NextGen TV (also known as ATSC 3.0), LaPlatney said he expects it to have a significant effect, citing the IP-based format for its ability to provide better targeting and click-to-donate options. "The television station portfolios . The table below compares EBITDA margins across competitors. [15] A new strategy of purchasing stations in college towns or capitals was put into place. The Company purchased KCRG-TV (Cedar Rapids, IA) from The Gazette Company. The Company acquired the Goshen News daily newspaper (Goshen, IN). This eliminated the need to use additional of concrete, plastics and metal structures and minimizes the amount of maintenance and repairs that are typical of an underground system. [3], In 1998, Gray started to expand beyond its Southeast region. 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. 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. [54], In March 2021, Gray Television revealed plans to purchase a shuttered General Motors plant in Atlanta suburb Doraville, Georgia and transform the site into a media production community called Assembly. 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). Broadcast TV stations rely on advertising to make money. Future US, Inc. Full 7th Floor, 130 West 42nd Street, Campaigns turned much more to broadcast television, he said. Gray closes on acquisition of previously announced Meredith Corporations Local Media Group. Require all tenants to utilize studio driven green initiatives across all their productions. There are many outstanding restaurants and local festivals throughout the year. The show, R This fall, just in time for the 2020 presidential race, Gray-owned stations will begin airing Full Court Press, a Sunday public-affairs program featuring FoxNews veteran Greta Van Susteren. Radio Television Digital News Association (RTDNA) awards 57 Regional Edward R. Murrow Awards for excellence in journalism to 26 Gray stations. None of the information on this page has been provided or approved by Gray Television. 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. In May 2017 the station became part of Gray Television, a large corporation based in Atlanta, GA, with 144 local TV stations covering 10.4% of U.S. households. . The new tweet, correcting her mistake, had just 95 retweets at the time of this writing. The company bought Gulflink Communications, Inc., a transportable satellite uplink business based in Baton Rouge, Louisiana, in April 1997 to go along with Lynqx. The Company announced that it anticipated receiving $90,824,000 in proceeds resulting from the Federal Communications Commissions reverse auction for broadcast spectrum. Total 2016 revenue could be as much as $654 million. On August 20, KTVE was sold for cash and accounts receivable. [40][41], On May 21, 2018, Gray Television entered into an agreement to acquire KNHL from Legacy Broadcasting for $475,000. CNN reports: The promos begin with one or two anchors introducing themselves and saying Im [we are] extremely proud of the quality, balanced journalism that [proper news brand name of local station] produces. Copyright 2023 NewsCheckMedia LLC, 238 Crosshill Road, Wynnewood, PA 19096 | 610-649-7989, Gray Television Chairman-CEO Hilton Howell: I think [2022] will likely rival, if not exceed, any previous presidential election..
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