The bureau was designed to provide enhanced coverage of national political issues for Gray's local stations. The Company changed its name to Gray Television, Inc. Ray Deaver, who formerly oversaw KWTX-TV, KBTX-TV, and KXII-TV joined Gray's Board of Directors. Sinclair owns WUCW in the Twin Cities and Nexstar owns stations in Sioux Falls, Eau Claire, La Crosse and Sioux City. The FCC is currently split with two Republican-appointed commissioners, two Democratic-appointed commissioners and one vacancy. It also acquired KTVE-TV (Monroe, LA/El Dorado, AK). [3], In August and September 1996, Gray raised additional operating funds by various means. The services would consist of a broadcast diginet and an OTT streaming platform. Scripps Co., Tegna, Hearst Television and Cox Media Group have pulled their stations signals from FuboTV in a dispute with Paramount Globals CBS Television Network, according to sources familiar with the situation. The company said in the fall that it had engaged advisers to explore options, typically code for putting all or part up for sale. Still, the fact that Gray got a Minnesota gubernatorial debate proves that Gray is trusted enough so the candidates on both sides believe it will provide a fair and unbiased debate. Wells Fargo has provided a debt financing commitment for an incremental loan to finance up to the full purchase price of $925 million. A recent survey received more than 100 suggestions for valuable research. Its station base consists of all ranges of media markets, from as large as Atlanta, to one of the smallest markets, North Platte, Nebraska. Gray purchases Third Rail Studios in Doraville, Georgia. 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. Democrats usually refuse debates conducted by Hubbard Broadcasting, which owns three stations in three markets in Minnesota in Rochester/Austin, Duluth and the Twin Cities, as the Hubbard family has been known to donate large amounts of money to Republican candidates. WebThe Company purchased fourteen television stations from Benedek Broadcasting: WMTV-TV (Madison, WI), WOWT-TV (Omaha, NE), KKTV-TV (Colorado Springs, CO), KAKE-TV [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. Cooley LLP served as primary legal counsel for Gray. Googles GNI Innovation Challenge selects Gray as the only broadcast to receive funding by supporting a multi-platform journalism project focused on health disparities called Bridging the Great Health Divide Mississippi Delta and Appalachia.. [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 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. Loan covenants could have forced the company into default. Gray is divesting the stations as a condition of acquiring the assets of Quincy Media Inc. Allen Media will own and operates TV stations in 19 markets along with cables The Weather Channel, among other media properties. [61] The program draws from an investigative unit formed at WVUE under Raycom ownership. InvestigateTV was launched in 2018 and provides innovative, original journalism from a dedicated investigative team and key partners. Gray will not acquire Quincys newspaper operations, which will be divested prior to the Gray/Quincy closing. Upon the issuance of this press release, Wells Fargo Securities will begin a formal process to market the divestiture stations to qualified third parties. 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. Grays Raycom Sports launches Origin Sports Network on the Roku Channel in Canada and XUMO in the United States. Mr Rush, speaking to CBS News last year, said piloting the sub "shouldn't take a lot of skill". The Company subsequently announced the divestiture of all the radio stations and certain television stations to facilitate regulatory approvals. Grays portfolio of TV stations will serve 113 local markets reaching approximately 36% of U.S. TV households. Gray closes on its acquisition of Raycom Media, Inc. and all required divestitures. Chairman & CEO, Hilton H. Howell, Jr., along with several other executives, rang the Closing Bell at the New York Stock Exchange to commemorate the Companys acquisition of Raycom Media, Inc. Gray is the largest owner of top-rated local television stations and digital assets in the United States ("U.S."). The Company opens newly remodeled 20,000 sq. Since the pandemic, the flurry of acquisitions had cooled until now. This press release contains certain forward looking statements that are based largely on Grays current expectations and reflect various estimates and assumptions by Gray. The EIN for the organization is 59-1630423. Get Our Streaming Newsletter! Gray announces its acquisition of Meredith Corporations Local Media Group for $2.7 billion. [3], With its additional funds, Gray continued purchasing in 1997 with two announcements in January and February. The Company partners with Loyola University New Orleans School of Mass Communications to create a "Producer Incubator Lab.". 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). In 1995, the company moved its stock listing to the New York Stock Exchange. The Company purchased the Hoak Media stations: KVLY-TV (Fargo-Valley City, ND); KSFY-TV/KABY-TV/ KPRY-TV (Sioux Falls, SD); KFYR-TV/ KMOT-TV, KUMV-TV/ KQCD-TV (Minot-Bismarck, ND); KALB-TV (Alexandria, LA); KNOE-TV (Monroe-El Dorado, LA); KNOP-TV and KIIT-LP (North Platte, NE). Senators and Representatives serving their communities. [60], On September 18, 2021, Gray launched InvestigateTV, a weekly program featuring investigative stories from a national team and Gray local investigations to a national audience. (Gene) Elder joined the Board of Directors. The celebration will be at the Bowtie Ball Nov. 18 at the J.W. His commentary on, Al Tompkins is one of America's most requested broadcast journalism and multimedia teachers and coaches. The report, which covers calendar year 2022, describes Grays progress in many areas with focuses on our people, social impact, sustainable business operations, and responsible business practices. Gray expects that its total leverage ratio, net of all cash and net of proceeds from divestiture sales, would approximate 4.0 times trailing eight-quarter operating cash flow (as defined in our current senior credit facility), including estimated synergies, at year-end 2021. If mathematical, chemical, physical and other formulas are not displayed correctly on this page, please useFirefox or Safari, Satellites, semi-satellites and translators. [64], On September 11, 2021, InvestigateTV+, a weekday expansion of the InvestigateTV franchise, will air on all Gray television stations and syndicated to stations outside of a Gray market. Gray owns and operates television stations in 44 television markets broadcasting 139 program streams including 76 affiliates of the Big Four networks (ABC, The stock market appeared to see the transaction as a win-win, with both Gray and Meredith shares up 5% in late morning trading. It continues a yearslong consolidation trend in the profitable local television business, partly driven by the better retransmission deals that station groups can negotiate with cable companies as they gain leverage by growing larger. Grays television stations raise $12.6 million in donations benefiting local residents and local organizations in need during March and April 2020. The Company terminated existing joint sales and services agreements with these stations and sold their licensed assets to Chang Media, Legacy Broadcasting, and MMB LLC. To facilitate prompt regulatory approvals, Gray has elected to divest Quincys high quality television stations in the following markets in which Gray also owns a full-power television station: Tucson, Arizona (DMA 75)Madison, Wisconsin (DMA 80)Paducah-Harrisburg, Kentucky-Illinois (DMA 91)Cedar Rapids, Iowa (DMA 92)La Crosse-Eau Claire, Wisconsin (DMA 123)Wausau-Stevens Point, Wisconsin (DMA 134). 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. [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. Gray announces sale of WJRT-TV (ABC) in Flint, Michigan to Allen Media for $70 million to facilitate its acquisition of Meredith Corporation. Grays Emmy award winning production company, Tupelo Honey, celebrates its 25th anniversary. Still, Gray has become a powerful media and news presence in Minnesota. Meet the new guy. CEO Hilton Howell named President. Onboard, the pilot steers based on these instructions with a modified video game controller. Gray Television, Inc. is an American publicly traded television broadcasting company based in Atlanta, Georgia. The parties later agreed to a settlement. The Company closes the acquisition of KDLT-TV (NBC, Sioux Falls, South Dakota). sorted by primary channel network affiliations, Creative Commons Attribution-ShareAlike License, ABC affiliate owned by Lockwood Broadcast Group, CBS affiliate owned by Lockwood Broadcast Group. [63] The sale was completed on November 21, making WBQC-LD a sister station to WXIX-TV. Gray currently owns and/or operates television stations and leading digital properties in 94 television markets. [3][4], The company was then taken public on NASDAQ's small-cap market in the 2nd quarter 1992. Is it right for one company to own so many stations in one region (and control Follow the 2nd game of the series on Gameview, Live: Lynx vs. Storm. After nearly 30 years working as a reporter, photojournalist, producer,, Nieman Foundation for Journalism at Harvard University, All Rights Reserved Poynter Institute 2023, The Poynter Institute for Media Studies, Inc. is a non-profit 501(c)3. Most Relevant is selected, so some comments may have been filtered out. 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 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 purchased WAGM-TV (Presque, ME) from NEPSK, Inc. Hilton H. Howell, Jr. named Chief Executive Officer. Gray has owned stations in Fargo and Sioux Falls since 2013 and in Eau Claire since 1998. The Company announced the passing of its Chairman since 1993, Dr. Billy Mayher, III. Any forward looking statements in thisreleaseshould be evaluated in light of these important risk factors. Gray announces the initiation of a quarterly cash dividend, the first since the Great Recession. The Company renewed essentially all of its affiliation agreements with the ABC, CBS, NBC, FOX, and CW networks. Same as the old guy. Gray launched WALB-TV in 1954. Gray Televisions Chairman and CEO, Hilton H. Howell, Jr. is named Broadcast & Cables Broadcaster of the Year (2019). 20:15:57 Upon closing the transaction, Gray will own television stations serving 102 television markets that collectively reach 25.4 percent of U.S. television households, including the No. The following is a list of stations owned or operated by Gray Television. Stream CCLI #21810036. The Company reached an agreement with Diversified Communications to acquire WABI (CBS/CW) in Bangor, Maine and WCJB (ABC/CW) in Gainesville, Florida. Also, a new bank credit facility was arranged. The following is a list of stations owned or operated by Gray Television. We are very excited to welcome their dedicated journalists, account executives, and technologists to the Gray family. The company put itself-or any part up-for sale by the end of 1992. We are committed to working hard to reduce the construction's impact on the environment. Mr. Robinson resigned as Chief Executive Officer and continued as Chairman Emeritus. Byron Allen s Allen Media has agreed to buy seven TV stations from Gray Television Inc. for $380 million in cash, the companies announced Thursday. [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. As for Minnesota, Gray made two key purchases in the past four years. While the board of directors received about 40 offers, Bull Run Corporation purchased the remaining shares of the Gray siblings, who as part of the deal resigned from the board. All our content comes from Wikipedia and under the Creative Commons Attribution-ShareAlike License. During the construction of the Assembly Studios complex, we have taken the following actions to reduce environmental impact, and even improve the property: Currently, Third Rail Studios and upon completion of the Assembly Studio complex, Assembly Atlanta has or will implement the following actions as part of our commitment to the environment: Copyright 2023 Gray Television, Inc. All Rights Reserved, Senior Managing Vice President, Chief Revenue Officer, Senior Managing Vice President, Chief Marketing Officer, Senior Vice President, Chief Digital Officer, Senior Vice President, Chief Technology Officer, Senior Vice President, Corporate Relations & Assembly Atlanta, Senior Vice President, Chief Accounting Officer, Senior Vice President, Financial Reporting, Senior Vice President, Government Relations and Distribution, Vice President, Gray TV Telemundo Station Group, Senior Vice President, Deputy General Counsel, Vice President, Assistant General Counsel, Vice President, Sales Training and Development, Senior Executive Administrator, Corporate Support Services, Assistant Secretary, Assistant General Counsel, President and CEO, Tupelo Media Group, LLC, Vice President, Digital Content and Audience Development, SVP, Program Planning and Distribution, Raycom Sports, Assistant Vice President, Shared Services, Vice President, Chief Information Security Officer, Vice President, Senior Programming and Production Counsel, Vice President, Traffic and Sales Systems, Gray Television's 1st Quarter 2023 Earnings Call - May 5 @ 11:00am ET, Gray Television's 4th Quarter 2022 Earnings Call - February 24 @ 11:00am ET.
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