The Company purchased KMVT-TV and KSVT-TV (Twin Falls, ID) from Neuhoff Media. Gray owns and operates television stations in 44 television markets broadcasting 139 program streams including 76 affiliates of the Big Four networks (ABC, Stations are arranged alphabetically by state and by city of license. WRDW-TV was purchased in January 1996. In addition to the stations above, Gray will acquire Quincys Heroes & Icons affiliate WSJV in South Bend, Indiana (DMA 98) as well as WGEM(AM)/-FM in Quincy, Illinois. [22], The sale was completed on June 13, 2014. Gray launches its first NextGen TV (ATSC 3.0) station in Tallahassee, Florida. The Company acquired daily newspaper the Gwinnett Post-Tribune (Lawrenceville, GA). While this is the end of a long and successful chapter, it also represents a wonderful new chapter for the communities we serve and our employees with the acquisition of the stations by Gray. Gray said it expects the sales of the divested stations to close in the third quarter of 2021, concurrent with its Quincy purchase. Grays Emmy award winning production company, Tupelo Honey, celebrates its 25th anniversary. 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. Gray Contacts: www.gray.tvHilton H. Howell, Jr., Executive Chairman and Chief Executive Officer, 404-266-5512Pat LaPlatney, President and Co-Chief Executive Officer, 404-266-8333Jim Ryan, Executive Vice President and Chief Financial Officer, 404-504-9828Kevin P. Latek, Executive Vice President, Chief Legal and Development Officer, 404-266-8333, Quincy Contact:https://www.quincymedia.comRalph M. Oakley, President and Chief Executive Officer, 217-221-3404. Gray reached an agreement with Nexstar Broadcasting Group, Inc. to acquire two television stations that Nexstar will divest upon its merger with Media General, Inc.: WBAY (ABC), in Green Bay, Wisconsin, and KWQC (NBC) in Davenport, Iowa, both previously owned and operated by Media General. The plan included Gray Television coming in as an outside party to advise on the operations of Young-owned stations in seven markets through December 2012. Gray, The Grand Ole Opry and Circle Network partner for live Opry broadcasts to raise money for Feeding America. FOX CAROLINAS GIVE BLOOD CAROLINA MAKES A BIG DIFFERENCE FOR LOCAL PATIENTS AND THE RED CROSS! The focus has always been on serving our communities with the best in news, public service and community involvement. The Company announced that the Singing For Their Supper telethon raised over one million dollars for local food banks through its broadcast one afternoon across 50 of its markets. The ESG Report explains Gray's commitment to corporate governance and media ethics beginning with Board committee oversight of our ESG practices and procedures. Gray currently owns and/or operates television stations and leading digital properties in 94 television markets. Stations The signature component of Assembly Atlanta development is the 43-acre Assembly Studios complex featuring soundstages, productions offices, warehouse and mill buildings, studio bungalows, event space, and parking decks. View original page. James H. Gray, Jr. resigned as President and surgeon William E. Mayher, III joined Gray's Board of Directors. Gray Television burst into the top tier of owners when it purchased Raycom in 2018 for $3.6 billion. Here are the 17 stations (in 12 markets) that Gray is getting:WGCL (CBS) / WPCH (Independent), Atlanta, Georgia (DMA 7)KPHO (CBS) / KTVK (Independent), 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. Get the Poynter newsletter that's right for you. Gray sells divestiture stations from the Quincy Media transaction to Allen Media for $380 million to facilitate its acquisition of Quincy Media. The Company purchased the operations other than the FCC licensed assets of WFXS-TV (Wausau-Rhinelander, WI) and KVTV-TV (Laredo, TX) from Davis Television, LLC and Eagle Creek Television, respectively. Gray would divest nine stations in markets where Gray and Raycom both already owned stations, including WTNZ, WTOL, KXXV, WTXL, WFXG, KWES-TV, WPGX, WSWG, and WDFX-TV. CEO Hilton Howell named President. This brought the company total to $534.5 million in available funds with $409.5 million directly available. To comply with federal regulators, Gray would divest Quincy stations in Tucson; Harrisburg, Illinois; Waterloo/Cedar Rapids, Iowa; and Madison, La Crosse, and Wausau in Wisconsin over to Allen Media Group. Over the past year-and-a-half, weve invested close to $1 billion to acquire best-in-class, top-tier, broadcast network affiliates, said Byron Allen, chairman and CEO of Allen Media Group, in a prepared statement. In 1995, the company moved its stock listing to the New York Stock Exchange. (Gene) Elder joined the Board of Directors. [53] Gray's acquisition of Quincy Media was completed on August 2. [34] On June 3, 2016, it was announced that Gray would acquire two stations that were spun-off from the Nexstar-Media General merger; KWQC-TV in Davenport, Iowa and WBAY-TV in Green Bay, Wisconsin for $270million. Sinclair is already a behemoth of broadcast television right now, its 173 local TV stations reach 38 percent of US homes. 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. Gray owns or operates 180 stations across 113 markets in the United States, ranging from as large as Atlanta, Georgia, to one of the smallest markets, North Platte, Nebraska. The Company purchased Yellowstone Television stations KGNS-TV (Laredo, TX), KGWN-TV/KSTF-TV and KCHY-LP (Cheyenne, WY) and KCWY-TV (Casper, WY). 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. We are committed to working hard to reduce the construction's impact on the environment. Loan covenants could have forced the company into default. GRAY TO ACQUIRE QUINCY MEDIA, INC. FOR $925 MILLION Publisher/Executive Director - Eugene, OR (97403), Web Design & Development Manager - OAKLAND, CA (94612), MAINTENANCE - ELECTRICIAN MECHANIC TECHNICIAN - Las Vegas, NV (89106), Digital and Audience Engagement Editor - Cambridge, MA (02138), Senior Associate Director, Rosalynn Carter Fellowships for Mental Health Journalism (RCJF) - Atlanta, GA (30307), Kansas City Media Collective Part-Time Project Manager - Kansas City, MO (64108), WGCL (CBS) / WPCH (Independent), Atlanta, Georgia, KPHO (CBS) / KTVK (Independent), Phoenix, Arizona, KPTV (FOX) / KPDX (MyNetwork), Portland, Oregon, WFSB (CBS), Hartford-New Haven, Connecticut, KCTV (CBS) / KSMO (MyNetwork), Kansas City, Missouri, WHNS (FOX), Greenville-Spartanburg, South Carolina, WGGB (ABC and FOX) / WSHM-LD (CBS), Springfield, Massachusetts. 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. Mr Rush, speaking to CBS News last year, said piloting the sub "shouldn't take a lot of skill". Elected to bring all storm water structures above ground instead of underground in vaults allowing for a healthier and more natural flow of the water. As for Minnesota, Gray made two key purchases in the past four years. There are FCC guidelines about concentration, which is why Tribune was never bought by Sinclair. We live in a northern climate, and not all of our population can easily bike, walk or hop on a bus. In a transaction with implications for both the local broadcast and magazine businesses, Gray Television is buying Meredith Corporations 17 television stations for $2.7 billion, the two companies announced Monday morning. 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. [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. Most Relevant is selected, so some comments may have been filtered out. [4], In September 2015, Gray announced that it would acquire the television and radio stations of Schurz Communications for $442.5million. Gray Television Language links are at the top of the page across from the title. 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. The National Association of Broadcasters Education Foundation (NABEF) selected KWTX-TV (CBS) in Waco, Texas, and KOLO-TV (ABC) in Reno, Nevada, to receive two of the three annual Service to America Awards. So how did Gray Television end up with such a catch? 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. The parties expect to close their transaction following receipt of regulatory and other approvals in the second or third quarter of 2021. As we wrote in October, despite a strong record of management and financial performance, Meredith hit trouble in the Time purchase. By this time, Robinson, directly or through Bull Run, owned 44% of the company's stock. The Company announces that Greta Van Susteren has joined Gray as Chief National Political Analyst. Senators and Representatives serving their communities. The Company renewed essentially all of its affiliation agreements with the ABC, CBS, NBC, FOX, and CW networks. 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. 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. Meredith was vague about its plans of how it will use the $2.7 million beyond paying down its debt of $2.6 billion and reducing its interest costs. What stations does Gray TV own? It is a legacy of which we are very proud, said Ralph M. Oakley, President/CEO of QMI. All Rights Reserved. The other debate will be on Minnesota Public Radio. The Company also acquired Gulflink Communications, Inc., a satellite uplink service. 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. Owned by Branson Visitors TV; Gray holds a 50.1% interest in this company. Solutions for journalists are sparse. But even with all of those holdings, the Meredith group only includes one market where Gray already owns a station Flint/Saginaw. WebThe following is a list of stations owned or operated by Gray Television. 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. Most Relevant is selected, so some comments may have been filtered out. [21] On March 25, 2014, Prime Cities Broadcasting, owner of KNDX/KXND, requested that the FCC dismiss the sale of KNDX/KXND to Excalibur. Connecting with communities will always remain central to our mission. [4] Gray purchased two TV stations (WKYT-TV and WYMT-TV) from the failed and government-seized Kentucky Central Insurance Company in September 1994 after a court challenge to the sale by Kentucky Central builder Garvice Kincaid. Gray announces the initiation of a quarterly cash dividend, the first since the Great Recession. [4] This caused difficulties as two of the three wanted to sell with the third unable to purchase. All our content comes from Wikipedia and under the Creative Commons Attribution-ShareAlike License. Gray closes on acquisition of previously announced Meredith Corporations Local Media Group. Is it right for one company to own so many stations in one region (and control 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. Gray Television Stock Forecast, Price & News The Company closes the acquisition of KDLT-TV (NBC, Sioux Falls, South Dakota). The Company purchased WAGM-TV (Presque, ME) from NEPSK, Inc. The Company launched start-up station WCAV-TV in Charlottesville, VA. Former U.S. The Company renewed over 250 retransmission consent agreements at year-end with no disruptions to local viewers. Gray will not acquire Quincys newspaper operations, which will be divested prior to the Gray/Quincy closing. WebLike any news station, its high volume of work but this station overworks every department for very low pay compared to other stations in the market. Meredith sells its local broadcast division to Gray Television [3], Also in September 1996, Ralph Gabbard, the newly named president and CEO, died from a heart attack at age 50. Between the early 1990s and today, the company was transformed through strategic acquisitions and subtle, yet critical transitions. Cooley LLP served as primary legal counsel for Gray. The Company announced the promotion of seven Vice Presidents to Senior Vice President, thirteen individuals to Vice President and six additional individuals to new officer positions. [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. Gray will become one of the top three local broadcasters (along with Sinclair and Nexstar) when the deal closes in the fourth quarter of this year. 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". A momentaryi happiness. 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. This page was last updated at 2022-12-06 20:01 UTC. The Company revives the daily tradition of airing the National Anthem by its stations each morning. Is it right for one company to own so many stations in one region (and control so many newscasts as a result)? 1 as The Flash Collapses by 73% and Jennifer Lawrences No Hard Feelings Opens to $15, Barbies Dream House Is Available to Rent on Airbnb, and Yes, Its in Malibu, Among Us Animated Series in the Works at CBS Studios From Infinity Train Creator Owen Dennis (EXCLUSIVE), Wheel of Fortune: Ryan Seacrest Takes Over as Host After Pat Sajak Retires, Superman: Legacy Casts David Corenswet, Rachel Brosnahan as Clark Kent and Lois Lane, Taylor Swift Adds a Sixth Night to Her Run at SoFi Stadium in August, UTA Chief Jeremy Zimmer Slammed Over Public Shaming of Meghan Markle: 'Shocking Display of Bad Taste', Jennifer Lawrence Vomited at the No Hard Feelings Press Junket Because of That Hot Ones Interview: I Violently Threw, From Mario to The Flash: The Good, the Bad and the Meh of the 2023 Box Office (So Far), How DJ Khaled Built a Hip-Hop Empire Off of Relentless Positivity, Self-Promotion and Friends Like Drake and Jay-Z, Whats Love Got to Do With It at 30: Angela Bassett Remembers Becoming Tina Turner, Why the Owner of the Shop That Inspired 'The Bear' Hasn't Seen the Show: 'Somebody's Still Got to Make Beef', Comic-Con Crisis:Marvel, Netflix, Sony, HBO and Universal to Skip SDCC as Fest Faces Another Existential Threat. List of stations owned or operated by Sinclair Broadcast Group Gray Television, Inc. ATLANTA, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (Gray or we) (NYSE: GTN) announced today that it has entered into an agreement to acquire Quincy Media, Inc. (Quincy or QMI) for $925 million in cash. [33] In February 2019, Gray announced that award-winning journalist Greta Van Susteren joined the company as its Chief National Political Analyst. [63] The sale was completed on November 21, making WBQC-LD a sister station to WXIX-TV. The Company announced the promotion of its five Senior Vice Presidents to new roles as Executive Vice Presidents.
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