DOCSLIB.ORG

2014.08.27 Press Release Re Station Sales

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2014.08.27 Press Release Re Station Sales NEWS RELEASE Gray Selects Purchasers for All of Its Six Former Shared Services Stations Atlanta, Georgia – August 27, 2014. Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN and GTN.A) today announced that it has entered into definitive agreements to transfer six full-power television stations to new owners who will provide increased ownership and programming diversity to the stations’ local markets. On June 13, 2014, Gray announced that it had transferred or intended to transfer the full program line-up of six full-power television stations then operating under shared services agreements with Gray to other in-market, Gray-owned television stations and channels. Rather than surrender to the FCC the licenses for these stations, Gray, which holds options to acquire all six stations, retained MMTC Media and Telecom Brokers, the brokerage arm of the Minority Media and Telecommunications Council (“MMTC”), as the exclusive broker for the potential transfer of these stations to new owners. Under the terms of that engagement, MMTC could only market the stations to socially disadvantaged enterprises, such as businesses controlled by women, minorities, or innovative new entrants, or non-profit entities such as a school or religious institution. A significant number of impressive proposals to acquire the stations were submitted by new entrants and experienced broadcasters alike. After a careful review with MMTC, Gray selected the proposals that appeared most likely to result in long-term success for the stations and the creation of new employment, management, and ownership opportunities for women and minorities. The parties anticipate closing all transactions in the fourth quarter of 2014. In Fargo, North Dakota, Major Market Broadcasting, Inc. (MMB) will acquire KXJB- TV. MMB is a content creation and distribution company specializing in reaching niche markets; it owns and/or operates KAXT-CA in San Francisco and KRJK-LP in Chicago. Both of these stations, as well as other affiliates, broadcast programming from MMB’s Diya TV, America's first South Asian broadcast television network. MMB President and 2013 NAB Broadcast Leadership fellow Ravi Kapur stated: “Gray’s leadership to actively seek out diverse candidates to acquire their former SSA stations should be commended. We are humbled by this exciting opportunity to expand our reach in local over-the-air broadcasting.” In Grand Junction, Colorado, Gray agreed to transfer KJCT-TV to husband and wife Jeff Chang and Gabriela Gomez-Chang. Chang currently owns and operates full power and low power television stations in Los Angeles and San Francisco through Chang Media Group. “We’re excited about this unique opportunity in the Grand Junction-Montrose market,” said Mr. Chang. “We hope the local communities will enjoy the new programming we’ll be adding to the market,” he explained. Chang said their plans include adding programming aimed towards the market's growing Hispanic population. Mrs. Gomez-Chang added, “We’re grateful that both Excalibur and Gray 4370 Peachtree Road, NE, Atlanta, GA 30319 | P 404.504.9828 F 404.261.9607 | www.gray.tv Television presented this opportunity for minorities and women to expand their broadcast ownership. This truly benefits the industry.” In the remaining markets, Legacy Broadcasting, LLC, will acquire KHAS-TV, Hastings/Lincoln, Nebraska; KAQY-TV, Monroe, Louisiana; KNDX-TV, Bismarck, North Dakota; and KXND-TV, Minot, North Dakota. Legacy is a new company formed, owned and controlled by two experienced female broadcasters. Managing Member and President, Sherry C. Nelson, has had a thirty-year career in broadcasting including on-air reporting, sales, and management. She has served as the General Manager of a group of television stations in the Mississippi Delta for ten years, and she is a 2012 graduate of the NAB’s Broadcast Leadership Training Program. She will be joined in owning these stations by her adult daughter, Sara Jane Ingram, whose broadcast experience includes sales, digital, and management for television stations in the Raleigh-Durham and Jackson, Mississippi, television markets. Completing the Legacy team is another veteran broadcaster, Charles M. Harker, who owns and operates Commonwealth Broadcasting Corp. Legacy plans to support the communities in these markets through diverse, family friendly programming and community service. Legacy Broadcasting President Sherry Nelson stated, “For our company, this is the opportunity of a lifetime. It speaks so well of our industry that women like my daughter and me can break through the glass ceiling and build new programming services for television viewers.” MMTC President and CEO David Honig declared that “These transactions are a prime example of a corporation ‘doing good and doing well’ at the same time. Gray has shown how a corporation can deploy its assets creatively for the great benefit of the industry and the public.” The Company We are a television broadcast company headquartered in Atlanta, Georgia, that owns and/or operates television stations and leading digital assets in markets throughout the United States. Upon completion of all pending transactions, we will own and/or operate television stations in 44 television markets broadcasting 141 program streams including 76 affiliates of the Big Four networks (ABC, CBS, NBC and FOX). At that time, our owned and/or operated stations will include twenty-six channels affiliated with the CBS Network, twenty-four channels affiliated with the NBC Network, sixteen channels affiliated with the ABC Network and ten channels affiliated with the FOX Network. We will then own and/or operate the number-one ranked television station in 29 of those 44 markets and the number-one or number-two ranked television station operations in 40 of those 44 markets. We will reach approximately 8.1 percent of total United States television households. Contacts www.gray.tv Hilton H. Howell, Jr., President and Chief Executive Officer, 404-266-5512 Jim Ryan, Senior Vice President and Chief Financial Officer, 404-504-9828 Kevin P. Latek, Senior Vice President, Business Affairs, 404-266-8333 # # # Page 2 of 2 .
Load more

Recommended publications
  • Broadcast Actions 10/23/2018
    Federal Communications Commission 445 Twelfth Street SW PUBLIC NOTICE Washington, D.C. 20554 News media information 202 / 418-0500 Recorded listing of releases and texts 202 / 418-2222 REPORT NO. 49347 Broadcast Actions 10/23/2018 STATE FILE NUMBER E/P CALL LETTERS APPLICANT AND LOCATION N A T U R E O F A P P L I C A T I O N Actions of: 10/18/2018 DIGITAL TRANSLATOR OR DIGITAL LPTV APPLICATIONS FOR DISPLACEMENT ACCEPTED FOR FILING RI 0000053832 WCRN-LD 9154 TYCHE BROADCASTING, LLC Engineering Amendment filed E CHAN-30 RI , Providence DIGITAL TV APPLICATIONS FOR ASSIGNMENT OF LICENSE DISMISSED WY BALCDT-20180212ABP KFNE 21613 WYOMEDIA CORPORATION Voluntary Assignment of License, as amended From: WYOMEDIA CORPORATION E CHAN-10 WY , RIVERTON To: LEGACY BROADCASTING OF WYOMING LLC Form 314 WY BALCDT-20180212ABQ KLWY 40250 WYOMEDIA CORPORATION Voluntary Assignment of License, as amended From: WYOMEDIA CORPORATION E CHAN-27 WY , CHEYENNE To: LEGACY BROADCASTING OF WYOMING LLC Form 314 WY BALCDT-20180212ABR KFNR 21612 WYOMEDIA CORPORATION Voluntary Assignment of License, as amended From: WYOMEDIA CORPORATION E CHAN-9 WY ,RAWLINS To: LEGACY BROADCASTING OF WYOMING LLC Form 314 Page 1 of 21 Federal Communications Commission 445 Twelfth Street SW PUBLIC NOTICE Washington, D.C. 20554 News media information 202 / 418-0500 Recorded listing of releases and texts 202 / 418-2222 REPORT NO. 49347 Broadcast Actions 10/23/2018 STATE FILE NUMBER E/P CALL LETTERS APPLICANT AND LOCATION N A T U R E O F A P P L I C A T I O N Actions of: 10/18/2018 DIGITAL TV APPLICATIONS FOR ASSIGNMENT OF LICENSE DISMISSED WY BALCDT-20180212ABS KFNB 74256 WYOMEDIA CORPORATION Voluntary Assignment of License, as amended From: WYOMEDIA CORPORATION E CHAN-20 WY , CASPER To: LEGACY BROADCASTING OF WYOMING LLC Form 314 DIGITAL TRANSLATOR OR DIGITAL LPTV APPLICATIONS FOR ASSIGNMENT OF LICENSE DISMISSED WY BALDTV-20180212ABT K11RN-D WYOMEDIA CORP.
    [Show full text]
  • Broadcast Market Research TV Households
    Broadcast Market Research TVHouseholds Everyindustryneedsameasureofthesizeofitsmarketplaceandtheradioandtelevisionindustriesare noexceptions. TELEVISION - U.S. AmajorsourceofsuchmediamarketdataintheUnitedStatesisNielsenMediaResearch(NMR),and oneofthemeasurementsittakesannuallyisTVHouseholds(TVHH).Ahomewithoneoperable TV/monitorisaTVHH,andNielsenisabletoextrapolateits“NationalUniverseEstimates”fromCensus BureaupopulationdatacombinedwiththisexpressionofTVpenetration. WithUsfromDayOne Theadventofbroadcastadvertising,inJuly1941,wascoincidentalwiththedawnofcommercial television,andwithintenyearsmarketresearchinthenewmediumwasinfullswing. SincetheFederalCommunicationsCommission(FCC)allowedthosefirstTVads—forSunOil,Lever Bros.,Procter&GambleandtheBulovaWatchCompany—reliableaudiencemeasurementhasbeen necessaryformarketerstotargettheircampaigns.TheproliferationofdevicesforviewingTVcontent andthecontinualevolutionofconsumerbehaviorhavemadethetaskmoreimportant—andmore challenging—thanever. Nevertheless,whiletherealityof“TVEverywhere”hasundeniablycomplicatedtheworkofaudience measurement,theuseofonerudimentarygaugepersists—thenumberofhouseholdswithaset,TVHH. NielsenMediaResearch IntheUnitedStates,NielsenMediaResearch(NMR)istheauthoritativesourcefortelevisionaudience measurement(TAM).BestͲknownforitsratingssystem,whichhasdeterminedthefatesofmany televisionprograms,NMRalsotracksthenumberofhouseholdsinaDesignatedMarketArea(DMA) thatownaTV. PublishedannuallybeforethestartofthenewTVseasoninSeptember,theseUniverseEstimates, representingpotentialregionalaudiences,areusedbyadvertiserstoplaneffectivecampaigns.
    [Show full text]
  • Case 1:16-Cv-00026-JRH-BKE Document 33 Filed 03/09/16 Page 1 of 2
    Case 1:16-cv-00026-JRH-BKE Document 33 Filed 03/09/16 Page 1 of 2 UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF GEORGIA AUGUSTA DIVISION MEDIA GENERAL OPERATIONS, INC., Plaintiff, Case No.: 1:16-cv-26-JRH-BKE v. SCHURZ COMMUNCIATIONS, INC.; WAGT TELEVISION, INC.; and GRAY TELEVISION GROUP, INC., Defendants. STATEMENT OF INTEREST Pursuant to 28 U.S.C. § 517, the United States Department of Justice respectfully submits this statement in order to attend to the interests of the United States in this matter. As expressed in the letter from the Federal Communications Commission that is attached to this Statement as Exhibit 1, the United States respectfully informs the Court of the government’s views that the injunctive relief Media General has sought conflicts with the FCC’s action of February 12, 2016, authorizing the assignment of the license of television station WAGT(TV) Augusta, Georgia, and with section 310(d) of the Communications Act, 47 U.S.C. § 310(d). Case 1:16-cv-00026-JRH-BKE Document 33 Filed 03/09/16 Page 2 of 2 This 9th day of March, 2016. Respectfully Submitted, BENJAMIN C. MIZER Principal Deputy Assistant Attorney General JUDRY SUBAR Assistant Director, Federal Programs Branch JOSEPH BORSON Trial Attorney, Federal Programs Branch Civil Division United States Department of Justice Washington, D.C. EDWARD J. TARVER United States Attorney /s/ Shannon Heath Statkus Assistant United States Attorney South Carolina Bar 70410 Southern District of Georgia P.O. Box 2017 Augusta, Georgia 30903 (706) 826-4526 Case 1:16-cv-00026-JRH-BKE Document 33-1 Filed 03/09/16 Page 1 of 16 FEDERAL COMMUNICATIONS COMMISSION Washington, D.C.
    [Show full text]
  • Federal Communications Commission Washington, D.C. 20554
    Federal Communications Commission Washington, D.C. 20554 February 12, 2019 DA 19-72 Released: February 12, 2019 Legacy Broadcasting, LLC c/o Sally A. Buckman, Esq. Lerman Senter PLLC 2001 L Street, NW Suite 400 Washington, DC 20036 Gray Television Licensee, LLC c/o Henry Wendel Cooley LLP 1299 Pennsylvania Ave, NW Suite 700 Washington, DC 20004 Re: KNHL(DT), Hastings, Nebraska File No. BALCDT-20180913AAE Facility ID No. 48003 Counsel: This letter is in reference to the above-captioned application for assignment of the license of station KNHL(DT), Hastings, Nebraska (KNHL), from Legacy Broadcasting, LLC (Legacy), to Gray Television Licensee, LLC (Gray). Gray requests authority to operate KNHL as a satellite of KSNB-TV, Superior, Nebraska, pursuant to the satellite exception to the local television ownership rule.1 For the reasons set forth below, we grant the request for satellite authority and the application. The Local Television Ownership Rule allows an entity to own two television stations licensed to the same Nielsen Designated Market Area (DMA) if: (1) the digital noise limited service contours (NLSCs) of the stations (as determined by Section 73.622(e) of the Commission’s rules) do not overlap; or (2) at the time the application to acquire or construct the station is filed, at least one of the stations is not ranked among the top-four stations in the DMA, based on the most recent all-day (9 a.m-midnight) audience share, as measured by Nielsen Media Research or by any comparable, accepted audience ratings service.2 Within the Lincoln & Hastings-Kearney Nielsen Designated Market Area (DMA), Gray also owns and operates KOLN(DT), Lincoln, Nebraska and its full power television satellite station KGIN(DT), Grand Island, Nebraska.
    [Show full text]
  • Federal Communications Commission Washington, D.C. 20554
    Federal Communications Commission Washington, D.C. 20554 February 12, 2016 DA 16-154 Released: February 12, 2016 Schurz Communications, Inc. c/o Jack N. Goodman, Esq. Law Offices of Jack N. Goodman 1200 New Hampshire Avenue, NW Suite 600 Washington, DC 20036 Gray Television Group, Inc. c/o John R. Feore, Esq. Cooley LLP 1299 Pennsylvania Avenue, NW Suite 700 Washington, DC 20004 Re: Schurz Communications, Inc. Dear Counsel: This letter is in reference to the unopposed, pending applications listed on Attachment A hereto (Applications) seeking Commission consent to (1) the assignment to Gray Television Licensee, LLC (Gray) of certain full-power broadcast television licenses held by subsidiaries of Schurz Communications, Inc. (Schurz); and (2) the interrelated transactions among Gray, Schurz, and various third parties that are necessary for Gray to comply with the Commission’s multiple ownership rules or that otherwise facilitate the larger transaction.1 In addition to the waiver sought for the Augusta-Aiken local television market, 1 Gray acknowledges that it must divest or otherwise dispose of a full-power television station in each of the following local television markets: Wichita-Hutchinson; South Bend-Elkhart; Augusta-Aiken; and Rapid City. In the Wichita-Hutchinson market, Gray entered into an agreement with a subsidiary of Lockwood Broadcast Group, Inc. (Lockwood) to sell all of the assets of KAKE(TV), Wichita, Kansas, and its full-power satellite stations KLBY(TV), Colby, Kansas, and KUPK(TV), Garden City, Kansas (File Nos. BALCDT-20151014AEC et seq.), in exchange for Lockwood’s WBXX-TV, Crossville, Tennessee (File No. BALCDT-20151014ADY). The Video Division granted these applications on January 29, 2016, and the parties consummated the transaction on February 1, 2016.
    [Show full text]
  • Introduction
    Introduction The Complete Television, Radio & Cable Industry Guide fills the need for current, comprehensive television, radio and cable industry information for both U.S. and Canadian markets, and has consistently done so for more than 80 years. We are pleased to continue to offer authoritative information on this dynamic industry in both print and online formats. Important Features Users will find clear separation of U.S. and Canadian material for television, radio and cable. Comprehensive sections include market areas, call letter lists and station profiles. Each station profile separates important elements, such as web sites, ownership, and programming. Key contact names are indented for quick recognition; all television stations include virtual as well as digital channels, and all radio stations include Neilsen Audio’s (formerly Arbitron) market area. The Complete Television, Radio & Cable Industry Industry Guide includes eight major sections, with the “big three” – television, radio and cable – the most significant and most detailed. More than just call letters, this industry guide includes professional services from producers and engineers to equipment manufacturers and legal services, as well as those who consult and advocate for this diverse industry. The front matter of the 2019 edition includes industry statistics including lists of station transactions, top shows, and sales of TV receivers and HDTVs. Users will also find a Chronology, Glossary, and “The FCC and Its Regulatory Authority.” Two new articles start the television and radio sections: “Watch Out: The Flixes Are About To Upend Television As We Know It,” and “The Infinite Dial: The Heavy Radio Listeners Report, April 2018.” Praise for previous edition: “.
    [Show full text]
  • This “Agreement”
    EXECUTION VERSION ASSET PURCHASE AGREEMENT THIS ASSET PURCHASE AGREEMENT (this “Agreement”) is made as of September 30, 2015, by and between Gray Television Group, Inc., a Delaware corporation (“Gray”), and Legacy Broadcasting of Rapid City, LLC, a Mississippi limited liability company (“Buyer”). WHEREAS, on the date of this Agreement, Seller is a party to that certain Asset Purchase Agreement, dated as of September 14, 2015, by and between Seller, Schurz Communications, Inc. (“SCI”), and certain subsidiaries of SCI, including Rushmore Media Company, Inc. (as amended from time to time, the “Schurz Agreement”), pursuant to which, and subject to the terms thereof, Seller has the right to acquire all of the assets, properties and rights of Schurz that are exclusively or primarily used or exclusively or primarily held for use in the business and operation of certain television and radio stations, including the Stations (as defined below); WHEREAS, SCI owns (a) the licenses, permits and other authorizations (including call signs) issued by the Federal Communications Commission (the “FCC”) for the operation of the broadcast television stations described on Schedule A hereto (the “Stations”), including any renewals or modifications thereof and applications therefor between the date hereof and the Closing (the “FCC Licenses”); (b) the personal property listed on Schedule B hereto (the “Personal Property”); (c) those contracts and agreements listed on Schedule C (the “Station Contracts”); and (d) all parcels of real property listed on Schedule
    [Show full text]