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who owns gray television

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 announced its purchase of all of the television and radio stations owned by Schurz Communications, Inc. The Company moved to the New York Stock Exchange (NYSE), trading under the symbol GCS. Indiana-based Schurz Communications, which owns Springfield television station KY3 and also operates KSPR, is being purchased. Senator and Georgia Governor Zell B. Miller joined from the Board of Directors. Gray Television said in a statement that it is "not commenting on the FCC decision or the transaction but we can confirm that Gray closed its acquisition of KDLT earlier today.". The Company announced that it anticipated receiving $90,824,000 in proceeds resulting from the Federal Communications Commission’s reverse auction for broadcast spectrum. The company was formerly known as Gray Communications Systems, Inc. and changed its name to Gray Television, Inc. in August 2002. The Company closes the acquisition of KDLT-TV (NBC, Sioux Falls, South Dakota). [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. Under no circumstances does any information posted on represent a recommendation to purchase or sell a stock. Gray Television, Inc., a television broadcast company, owns and operates television stations and digital assets in the United States. [33] In February 2019, Gray announced that award-winning journalist Greta Van Susteren has joined the company as its Chief National Political Analyst. GCI is not yet certain what it will do with those assets, Windt Pearson said. The information on this site is not intended to be, nor does it constitute, investment advice or recommendations. [Because of a high volume of comments requiring moderation, we are temporarily disabling comments on many of our articles so editors can focus on the coronavirus crisis and other coverage. 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. Gray Television’s InvestigateTV receives two first place National Headliner Awards. We have a strong and influential leadership team that empowers each member of our company to grow, thrive and deliver positive impact to those around us. Representatives for neither KSFY-TV nor KDLT-TV have responded to questions about what the future will look like for both TV stations in the Sioux Falls market, although KSFY-TV general manager Jim Berman told the Argus Leader last year that the move is a positive one. All rights reserved. As the company agreed to purchase the Busse Broadcasting Corporation, which owned KOLN, KGIN-TV and WEAU. [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 $270 million. Gray will contribute distribution and marketing capabilities, multicast knowledge and affiliate Gray TV stations. The Company selected by TVNewsCheck as "2016 Station Group of the Year". We invite you to write a letter to the editor or reach out directly if you’d like to communicate with us about a particular article. The Company reached an agreement with Diversified Communications to acquire WABI (CBS/CW) in Bangor, Maine and WCJB (ABC/CW) in Gainesville, Florida. [43][44][45], Although Gray foresaw that the acquisition would receive regulatory approval quickly, due to limited market overlap between the two companies and its still-relatively low total market reach post-acquisition. 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. It has become one of the largest TV companies in the … Also, a new bank credit facility was arranged. Gray Television, Inc.’s ISS Governance QualityScore as of November 1, 2019 is 8. Robinson, Bull Run's chair, took over as interim CEO and president with Bull Run CEO Robert Prather as interim executive vice-president, acquisitions. [13] Robinson stepped down with Howell replacing him in 2008. Who bought or sold Gray Television this quarter? 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. Sale of those stations was announced in May. [4] Gray purchased two TV stations (WKYT-TV and WYMT) from the failed and government-seized Kentucky Central Life Insurance Co. in September 1994 after a court challenge to the sale by Kentucky Central builder Garvie Kincaid. 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. Hilton H. Howell, Jr. named Chief Executive Officer. Discover new investment ideas by accessing unbiased, in-depth investment research, NYSE - NYSE Delayed Price. Thanks.]. Nancy Johnson, vice president and general manager of KTUU/KYES, declined to discuss the announcement. Windt Pearson said the agreement involving the NBC affiliates required FCC approval, and that has previously been granted. Robinson, Robert S. Prather, and Hilton H. Howell, Jr. joined Gray's Board of Directors. Lt. Col. Amy McGrath. "There's such tremendous talent at both stations, and to be able to put the two stations together ... it's just going to be incredible," Berman said at the time. [25][26] The sale was completed on September 15. The Company made a $3 million strategic equity investment in Syncbak, a technology company that replicates over-the-air broadcasts for delivery over-the-top (OTT) of the Internet. The Company announces that Greta Van Susteren has joined Gray as Chief National Political Analyst. The services will consist of a broadcast diginet and an OTT streaming platform. Who bought or sold Gray Television this quarter? It also purchased WRDW-TV (Augusta, GA) and sold KTVE-TV (Monroe, LA/El Dorado, AK). The deal was first announced in 2018 and includes the purchase of both KDLT-TV and satellite station KDLV-TV in Mitchell for $32.5 million. On July 22, 2009, a New York bankruptcy judge approved a plan transferring ownership of Young Broadcasting and its stations to the company's secured lenders. “Because the operating losses at the station threatened the capacity of the station to continue to operate, it was possible to sell the assets to Gray,” Windt Pearson said. [15] A new strategy of purchasing stations in college towns or capitals was put into place. [45], By January 20, 2016, Gray had set up their Washington News Bureau by Jacqueline Policastro to enable stations to get interviews with U.S. The company was considered in 1996 by Fortune magazine as the 81st fastest growing company, having a 48% percent growth rate. As of February 21, 2020, it owned and operated television stations in 93 television markets. 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. "Gray Buys Stations in Flint, Toledo For $128M", "TV in the news Channels 24, 13 expanding newscasts; CW13 to replace WT05", Gray Closes on Flint, Toledo Station Buys, "Schurz Communications to sell WSBT and other TV, radio stations", "Gray Acquiring TV, Radio Stations from Schurz for $442.5 Million", "Gray Opens Washington, D.C. News Bureau", "Gray Buying Two Nexstar Spinoffs For $270M", "Gray Buys Nexstar Stations in Green Bay, Davenport", Gray Buys Diversified's Stations in Bangor, Gainesville, "Gray Buying CBS Affil WCAX Burlington, Vt", "Pranksters sued by TV company over morning show antics", "Meet the comedy duo who got sued for pranking the news", "Gray TV to Buy Raycom in $3.65 Billion Deal", "Gray Acquiring Raycom For $3.65B, Forming No. By this time, Robinson, directly or through Bull Run, owned 44% of the company's stock. Gray Television's roots begin in January 1891 with the creation of the Albany Herald in Albany, Georgia. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk. In addition, it is also involved in the video program production, marketing, and digital businesses including Raycom Sports, Tupelo-Raycom, and RTM Studios; and production of PowerNation programs and content. [37] On May 4, 2017, Gray announced its intent to acquire WCAX-TV in Burlington, Vermont from Mount Mansfield Television for $29 million. The Company closed its acquisition of television stations from Schurz Communications, Inc. and related station acquisitions and divestitures with other counter-parties. From community outreach efforts to green initiatives, we are striving to make a meaningful difference in the world in which we live. Who owns Gray Television? [42], On June 25, 2018, Gray Television announced its intent to acquire Raycom Media for $3.65 billion, pending regulatory approval. The Company purchased KEVN-TV/KIVV-TV (Rapid City, SD) from Mission TV, LLC. About 12% of those employees are involved in cable advertising sales. Severance packages will be available for those who ultimately don’t find work with GCI or Gray, she said. Gray Television’s Chairman and CEO, Hilton H. Howell, Jr. is named Broadcast & Cable’s Broadcaster of the Year (2019). The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The Company opens a significantly remodeled, state-of-the-art facility for KNOE-TV (CBS, ABC) in Monroe, Louisiana. The Company breaks ground on new WRDW-TV Station facility in Georgia. On August 20, KTVE was sold for cash and accounts receivable. Copyright 2020 Gray Television, Inc. All Rights Reserved, Senior Vice President, Gray Digital Media, Senior Vice President and Chief Technology Officer, Senior Vice President, Chief Accounting Officer, Senior Vice President, Financial Reporting, Senior Vice President, Government Relations and Distribution, Senior Vice President, Deputy General Counsel, Vice President, Assistant General Counsel, Managing Director, Corp. Support Services, Vice President, Director of Training & Development, Assistant Secretary, Assistant General Counsel, Assistant Vice President, Employee Relations, CEO-Tupelo Honey, LLC Exec in Charge-Swirl Films, Vice President, Digital Content & Audience Development. In addition, Ralph W. Gabbard became the Company's President and CEO. The Company announced the election of Beth Neuhoff to its Board of Directors. Add alert for GTN Ticker: GTN; CUSIP Number: 389375106; Top … [28][29] It also purchased KCRG-TV in Cedar Rapids, Iowa from the locally owned Gazette Company, who owned the station from its sign-on in 1953. James H. Gray, Jr. resigned as President and surgeon William E. Mayher, III joined Gray's Board of Directors. Gray Television took ownership of KSFY-TV in 2014. Gray Television, Inc., owner of KSFY-TV, buys KDLT-TV, Your California Privacy Rights / Privacy Policy. GCI will retain the KTVA license and transmission facilities. The Company announced that it had reached a multi-year deal that renews station affiliation agreements covering all 32 markets in which Gray own and operates its 39 CBS-affiliate television stations. Mr. Prather resigned from all positions with the Company. It also acquired KTVE-TV (Monroe, LA/El Dorado, AK). Governor Miller resigned from the Board of Directors. Gray Television, Inc. is an American publicly traded television broadcasting company based in Atlanta, Georgia. 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. The combined company owns stations and digital properties in 91 TV markets including 150 affiliates of CBS, NBC, ABC and Fox.

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