Gray Television

Gray Television, Inc. logo

Gray Television, Inc. (NYSE: GTN) is a communications company headquartered in Atlanta, Georgia, with administrative offices in Albany, Georgia.

Gray Television currently owns 36 television stations serving 30 mainly mid-size and small-size media markets. (The highest-ranked market Gray serves is Knoxville, Tennessee, the 59th ranked market in 2008.) One of the stations is affiliated with FOX, 6 are with ABC, 10 are with NBC, and 17 are affiliated with CBS (making Gray the largest independent owner of CBS affiliates in the country).

Among their stations, Gray also operates a total of 38 digital subchannels. Eleven of the subchannels are affiliated with MyNetworkTV, 7 are with The CW, 5 are with FOX, 1 has no network affiliation, 1 repeats a cable-only ABC station, and 5 broadcast weather information exclusively.

The combined station group has 21 stations ranked #1 in local news audience and 21 stations ranked #1 in overall audience within their respective markets based on the results of the average of the Nielsen February, May, and July and 2008 ratings reports. The combined TV station group reached approximately 6.1% of total U.S. TV households.

In 2006, the company spun off its five daily newspapers and wireless messaging business into the newly formed Triple Crown Media, which subsequently merged with Host Communications.

On July 30, 2009, Gray Television, Inc. was awarded a contract to manage 7 Young Broadcasting, Inc. stations. Through December 31, 2012 Gray will earn $2.2 million and an opportunity to earn additional specified incentive fees if certain performance targets are exceeded.

Television stations owned and operated by Gray Television

• ⁽¹⁾ Semi-satellite of WCTV
• ⁽²⁾ TV3 Winchester is Winchester, Virginia's ABC affiliate. The station is a joint operation of WHSV and Shenandoah University, and appears on cable systems located only in the northern Shenandoah Valley counties.
• ^(A) Digital-only station (no analog broadcasts)

Planned operation of Young Broadcasting stations

On July 22, 2009, a New York bankruptcy judge approved a plan transfering ownership of Young Broadcasting and its stations to the company's secured lenders. The plan, if and when it is finalized, would see Gray Television come in as an outside party^[1][2] and handle management and operations of the following Young-owned stations through December 2012:

• WKRN-TV in Nashville, TN
• WTEN in Albany, NY and translator WCDC-TV in Adams, MA
• WRIC-TV in Richmond, VA
• WBAY-TV in Green Bay, WI
• KWQC-TV in Davenport, IA
• KELO-TV in Sioux Falls, SD and its translators throughout South Dakota
• KLFY in Lafayette, LA

Young Broadcasting would retain ownership of all of its stations, including 3 stations that Gray would not operate: KRON-TV in San Francisco, CA, WATE-TV in Knoxville, TN, and WLNS-TV in Lansing, MI, the latter two due to Gray already owning stations in those markets.

References

External links

• Official Website