Gray Television reported higher first-quarter profits as it incorporated acquired stations and benefited from the start of year that will feature mid-term elections.
Until its merger with Meredith Corporation, Atlanta-headquartered Gray Television didn’t own a broadcast TV station in its home market, it now owns three over-the-air broadcast TV stations in The A.
Gray Television announced the promotion of six general managers as part of an expanded senior operations management team of experienced leaders of local television stations.
However, total core ad revenue (which excludes political) climbed 26% to $359 million from 4Q 2020. Also, retrans money grew 35% to $294 million.
Gray Television, Inc. has reached an agreement with Capital Media Group, to acquire WKTB-CD, which broadcasts top-tier Spanish and Korean broadcast networks, including Telemundo, and which ultimately serves the fastest growing minority groups in Atlanta with a reach of over one million viewers.
Gray Television had agreed to purchase a low-power TV construction permit and five fully built LPTVs from the licensee led by Jeff Winemiller. It is now known that this transaction was just a taste of bigger trading to come between Gray and Winemiller’s Lowcountry 34 Media.
In 2017, she became the News Director for Gray Television’s NBC affiliate serving the Quad Cities of Illinois and Iowa. Now, a promotion has been given to Stephanie Hedrick.
The company co-led by Pat LaPlatney and Hilton Howell Jr. is scooping up five licensed low-power TV stations and a single Construction Permit.
Michael Hornfeck had been national sales manager at KVOA-TV.
Jennifer Rieffer will take over leadership of the Cincinnati Fox affiliate from Debbie Bush, who moves to head the company’s Phoenix duopoly once the Meredith acquisition closes.
The appointments of Matt Moran, Pete Veto, Jim McKernan, David Hughes, Peter Russell and Laura Serbon were chosen to replace personnel promoted earlier to head some of the stations Gray is getting in its Meredith purchase.
Gray is moving Erik Schrader, Debbie Bush, Jasmine Hatcher Hardin, Andrew Stewart, Bryce Caldwell and Eric Duncan to oversee some of the stations it’s acquiring from Meredith.
The multiyear deal extends relationship across 47 markets.
Greg McAlister, the veteran Texas broadcast executive, is tapped by Gray Television to oversee its NBC-CW duopoly in Lubbock, Texas.
However, total core ad revenue (which excludes political) climbed 23% to $292 million, increasing by $55 million, from 3Q 2020. Also, retrans money climbed 49% to $266 million.
Gray Television choses the news director of its KTTC Rochester, Minn., to succeed the late Ed Woloszyn as head of its CBS-Fox affiliate.
Gray chooses John Fiorelli to lead KOLO in Reno and Herb Bruce to oversee KALB in Alexandria.
Gray is working to reimagine the local TV news experience by using NextGen TV broadcasts at its WCTV station to deliver hyperlocal news content.
Gray announced that total revenue for 2Q of 2021 came in at $547 million, an increase of 21% from 2Q 2020. The primary components were: combined local and national broadcast ad revenue of $279 million and retransmission consent revenue of $242 million.
Gray announced new positions for three of its human resources experts. Maurice Gibson is VP, employee relations. Keith Hildibrand becomes VP, benefits. Sylatha Taylor is now assistant vice president, benefits.