Gray Television

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Gray Television, Inc.
Gray Communications Systems, Inc.
Traded as
Industry Broadcast television
Founded 1946 (1946)
Founder James Gray
Headquarters Atlanta, Georgia, United States
Area served
Key people
Hilton H Howell, Jr. (CEO)
Products 102 terrestrial TV stations[1]
Revenue Increase$882.7 million USD (2017)[2]
Increase$291.2 million USD (2017)
Increase$269.1 million USD (2017)
Total assets IncreaseUS$3.26 billion USD (2017)
Total equity IncreaseUS$992.8 million USD (2017)
Number of employees
3,938 (2017)[2]

Gray Television, Inc. is an American publicly traded television broadcasting company based in Atlanta, Georgia. Founded in 1946 by James Harrison Gray as Gray Communications Systems, the company owns or operates 102 stations across the United States, based primarily in small- and medium-sized markets.

In June 2018, Gray announced its intent to acquire Raycom Media, pending FCC approval.


James H. Gray started his communication business with the purchase of The Albany Herald in 1946 after he returned from World War II. Gray launced WALB-TV in 1954. In the 1960s additional stations were purchased in Louisiana and Florida. First in 1960, the Florida station was WJHG-TV in Panama City. While in the late 1960s, KTVE was the Louisiana station.[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.[4] This caused difficulties as two of the three wanted to sell with the third unable to purchase. In 1991, to break the stalemate, the board of directors had the company purchase 25% of their shares.[3][4]

Gray Communication Systems[edit]

The company was then taken public on NASDAQ's small-cap market in the 2nd quarter 1992. The price per share dropped to $8. The company put itself-or any part up-for sale by the end of 1992. 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.[3][4]

New management was put in place at all three TV stations. Bull Run Corporation, primarily owned by J. Mack Robinson, decided to make Gray a Southeast regional media company, expanding its focus beyond the state of Georgia.[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.[3]

Net Income
(Loss) millions[3]
1994 $36.5 $2.8
1995 58.6 .9
1996 79.3 2.5
1997 103.5 (1.4)[5]
1998 128.8 41.6[5]
1999 143.9 (6.3)[5]
2000 120.6 (6.2)[6]
2001 106.4 (13.3)[6]
2002 146.7 (27.8)[6]
2003 243.0 14.0[7]
2004 293.2 44.2[7]
2005 261.5 3.3[7]
2006 332.1 11.7[8]
2007 307.2 (23.1)[8]
2008 327.1 (202.0)[8]
2009 270.3 (23.0)[8]
2010 346.0 23.1[8]
2011 307.1 9.0[9]
2012 404.8 28.1[9]
2013 346.2 18.2[9]
2014 508.1 48.0[9]
2015 597.3 39.3[9]
2016 812.4 62.2[10]
2017 882.7 261.9[10]

In 1994 and 1995, Gray purchased two newspapers, the Rockdale Citizen (acquired May 31, 1994) and Gwinnett Post-Tribune (acquired January 1995; quickly renamed Gwinnett Daily Post) and seven advertising weeklies. In 1995, the company moved its stock listing to the New York Stock Exchange. By this time, Robinson, directly or through Bull Run, owned 44% of the company's stock. 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. 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. Newspaper leaders resigned during this period-from the corporate president in late 1995 to the Citizens' editor and publisher.[3]

In 1996, Gray added additional TV stations while entering additional communication industry segments. The company was considered in 1996 by Fortune magazine as the 81st fastest growing company, having a 48% percent growth rate. WRDW-TV was purchased in January 1996. In September 1996 a basket purchase from First American Media, Inc., Gray got two TV stations (WCTV-TV and WVLT-TV), Satellite and Production Business Services, which was renamed Lynqx Communications and PortaPhone paging business.[3]

In August and September 1996, Gray raised additional operating funds by various means. On August 20, KTVE was sold for cash and accounts receivable. The company issued and sold Class B common stock (through a public offering), senior subordinated notes and preferred stock in September. Also, a new bank credit facility was arranged. This brought the company total to $534.5 million in available funds with $409.5 million directly available.[3]

Also in September 1996, Ralph Gabbard, the newly named president and CEO, died from a heart attack at age 50. Robinson, Bull Run's chair, took over as interim CEO and president with Bull Run CEO Robert Prather as interim executive vice-president, acquisitions.[3]

With its additional funds, Gray continued purchasing in 1997 with two announcements in January and February. The company bought Gulflink Communications, Inc., a transportable satellite uplink business based in Baton Rouge, Louisiana, in April 1997 to go along with Lynqx. With Raycom Media acquiring a station from AFLAC Broadcast Group, Inc. forcing them to sell WITN-TV to Gray, which was finalized on August 1, 1997. 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.[3]

In 1998, Gray started to expand beyond its Southeast region. As the company agreed to purchase the Busse Broadcasting Corporation, which owned KOLN, KGIN-TV and WEAU. Gray's ownership of a newspaper and TV station in Albany, Georgia while grandfathered was examined under Media cross-ownership in the United States rule of FCC due to this potential purchase.[3] WALB was thus sold to Liberty Corp's Cosmos Broadcasting in August 1998.[4][11]

In 2002, Robinson became Chairman and CEO, his son-in-law Hilton Howell vice chairman, Prather president/COO and Jim Ryan senior vice president. They had Gray purchase 14 Benedek Broadcasting stations while that company was in bankruptcy.[12]

Gray Television[edit]

In 2006, the company spun off its five daily newspapers and wireless messaging business into the newly formed Triple Crown Media,[4][13] later in 2010 is renamed Southern Community Newspapers.[14] A new strategy of purchasing stations in college towns or capitals was put into place.[12]

The company had overpaid for a pair of stations and was over leveraged like many other station groups entering the Great Recession. Advertising revenues dropped. The twin problems caused its shares to trade at its lowest at 16 cents in 2008, thus the NYSE indicated they might delist the company. Loan covenants could have forced the company into default.[12] Robinson stepped down with Howell replacing him in 2008.[12]

On July 30, 2009, Gray was awarded a contract to manage seven Young Broadcasting-owned stations. Through December 31, 2012, Gray would earn $2.2 million and an opportunity to earn additional specified incentive fees if certain performance targets were exceeded.[15][16][17]

Prather left the company in 2013 and Howell took over the president title.[12] On November 4, 2013, Gray Television announced that it would purchase Yellowstone Holdings for $23 million, adding local stations: KGNS-TV, KGWN, KCWY, and KCHY-LP.[18] Three weeks later, on November 20, Gray announced it would purchase Hoak Media and Parker Broadcasting for $335 million, and North Dakota's Fox affiliate KNDX/KXND for $7.5 million. 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".[19] On December 19, it was announced that stations KREX-TV and WMBB would be sold to Nexstar Broadcasting Group, while KFQX would be sold to Mission Broadcasting.[20] On March 25, 2014, Prime Cities Broadcasting, owner of KNDX/KXND, requested that the FCC dismiss the sale of KNDX/KXND to Excalibur.[21]

The sale was completed on June 13, 2014. However, some stations were forced to go off the air and their programming was moved to a multicast stream on adjacent channels, due to some stations unable to receive regulatory approval, after the FCC's ruling on joint sales agreements. Those silent stations would then be sold off to minority interest, pending FCC approval.[22][23]

On July 24, 2014, SJL Broadcasting announced that it would sell WJRT-TV and WTVG to Gray, for $128 million.[24][25] The sale was completed on September 15.[26]

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.[4]

In September 2015, Gray announced that it would acquire the television and radio stations of Schurz Communications for $442.5 million.[27][28] 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.[29][30]

In January 2016, Gray Television opened a national news bureau in Washington, D.C., led by former APTV journalist Jacqueline Policastro. The bureau was designed to provide enhanced coverage of national political issues for Gray's local stations.[31][32]

On May 13, 2016, Gray announced that it would acquire WDTV and WVFX in Clarksburg, West Virginia from Withers Broadcasting for $26.5 million.[33] 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.[34][35] On February 16, 2017, Gray announced that it will acquire WABI-TV in Bangor, Maine and WCJB-TV in Gainesville, Florida from Diversified Communications for $85 million.[36] On May 4, 2017, Gray announced its intent to acquire WCAX-TV in Burlington, Vermont from Mount Mansfield Television for $29 million.[37][38]

In April 2017, Gray Television filed a lawsuit against Nick Prueher and Joe Pickett, founders of the Found Footage Festival, for fraud and copyright infringement, after having booked an appearance on the morning show of a Gray station as a fake strongman act, "Chop and Steele", and utilizing the footage during their show. The parties later agreed to a settlement.[39][40]

Acquisition of Raycom Media[edit]

On June 25, 2018, Gray Television announced its intent to acquire Raycom Media for $3.65 billion, pending regulatory approval. The combined company will be led by Raycom's current president and CEO Pat LaPlatney, with current Gray CEO Hilton Howell acting as executive chairman and co-CEO. The acquisition, which Gray expects to close in late-2018, will give Gray 142 stations in 92 markets, making Gray the third-largest owner of television stations in the United States, with a total market share of 24%.[41][42][43]

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 will divest nine stations in markets where Gray and Raycom both already own stations, including WTNZ, WTOL, KXXV, WTXL, WFXG, KWES, WPGX, WSWG, and WDFX.[43]

With the acquisition of Raycom Media, Gray will once again own its former flagship TV station, WALB.

Owned and operated television stations[edit]

Stations arranged alphabetically by state and by city of license.


  • (++) – Indicates a station previously owned by Benedek Broadcasting. All stations, except for KGWN/KSTF and KOSA, were acquired by Gray in 2002.
  • (¤¤) – Indicates a station owned by Hoak Media prior to its acquisition by Gray in 2014.
  • (§§) – Indicates a station owned by Schurz Communications prior to its acquisition by Gray in 2016.
  • (♦♦) – Indicates a station owned by Diversified Communications prior to its acquisition by Gray in 2017.
City of license / Market Station Channel
Owned since Network affiliation
Dothan, Alabama WTVY ++ 4 (36) 2002 CBS
MyNetworkTV (DT2)
The CW (DT3)
WRGX-LD 23 (23) 2013 NBC
Anchorage, Alaska KTUU-TV §§ 2 (10) 2016 NBC
KYES-TV 5 (5) 2016 MyNetworkTV
Fairbanks, Alaska KTVF 11 (26) 2017 NBC
MyNetworkTV (DT2)
KXDF-CD 13 (13) 2017 CBS
KFXF-LD 22 (22) 2017 MyNetworkTV
Colorado Springs, Colorado KKTV ++ 11 (49) 2002 CBS
MyNetworkTV/MeTV (DT2)
Grand Junction, Colorado KJCT-LP 8 (20) 2013 ABC
The CW (LD2)
KKCO 11 (12) 2005 NBC
MeTV (DT2)
Telemundo (DT3)
Gainesville, Florida WCJB-TV ♦♦ 20 (16) 2017 ABC
The CW (DT2)
Panama City, Florida WJHG-TV 7 (8) 1960 NBC
The CW (DT2)
WECP-LD 18 (18) 2012 CBS
MyNetworkTV/Jewelry Television (LD2)
Heroes & Icons (LD3)
Augusta, Georgia WRDW-TV 12 (12) 1996 CBS
MyNetworkTV (DT2)
WAGT-CD 26 (30) 2016 NBC
The CW (CD2)
Thomasville, Georgia - Tallahassee, Florida WCTV 6 (46) 1996 CBS
MyNetworkTV/MeTV (DT2)
WFXU 57 (48) 2017 MyNetworkTV/MeTV
Valdosta, Georgia - Albany, Georgia WSWG
(Semi-satellite of WCTV)
44 (43) 2005 CBS
MyNetworkTV/MeTV (DT2)
The CW (DT3)
Twin Falls, Idaho KMVT 11 (11) 2015 CBS
The CW (DT2)
KSVT-LD 14 (14) 2015 Fox/MyNetworkTV
Rockford, Illinois WIFR-LD 23 (41) 2016 CBS
South Bend, Indiana WNDU-TV 16 (42) 2006 NBC
Antenna TV (DT2)
Cozi TV (DT3)
Cedar Rapids, Iowa KCRG-TV 9 (9) 2015 ABC
MyNetworkTV (DT2)
Davenport, Iowa KWQC-TV 6 (36) 2017 NBC
Topeka, Kansas WIBW-TV ++ 13 (13) 2002 CBS
MyNetworkTV/MeTV (DT2)
Hutchinson - Wichita, Kansas KWCH-DT §§ 12 (19) 2016 CBS
KSCW-DT §§ 33 (12) 2016 The CW
KDCU-DT 31 (31) 1 Univision
Ensign, Kansas KBSD-DT §§
(satellite of KWCH-DT)
6 (6) 2016 CBS
Goodland, Kansas KBSL-DT §§
(satellite of KWCH-DT)
10 (10) 2016 CBS
Hays, Kansas KBSH-DT §§
(satellite of KWCH-DT)
7 (7) 2016 CBS
Bowling Green, Kentucky WBKO ++ 13 (13) 2002 ABC
Fox (DT2)
The CW (DT3)
W14DG-D 14 (14) 2016 Low-powered translator of WBKO
Lexington, Kentucky WKYT-TV 27 (36) 1993 CBS
The CW (DT2)
Hazard, Kentucky WYMT-TV
(Semi-satellite of WKYT)
57 (12) 1993 CBS
Alexandria, Louisiana KALB-TV ¤¤ 5 (35) 2014 NBC
The CW (DT3)
Monroe, Louisiana KNOE-TV ¤¤ 8 (8) 2014 CBS
The CW/MyNetworkTV (DT3)
Bangor, Maine WABI-TV ♦♦ 5 (13) 2017 CBS
The CW (DT2)
Presque Isle, Maine WAGM-TV 8 (8) 2015 CBS
Fox (DT2)
Flint - Saginaw, Michigan WJRT-TV 12 (12) 2014 ABC
MeTV (DT2)
Onondaga - Lansing, Michigan WILX-TV ++ 10 (10) 2002 NBC
Marquette, Michigan WLUC-TV 6 (35) 2016 NBC
Fox (DT2)
Meridian, Mississippi WTOK-TV ++ 11 (11) 2002 ABC
MyNetworkTV (DT2)
The CW (DT3)
Springfield, Missouri KYTV §§ 3 (44) 2016 NBC
KYCW-LD 25 (19) 2016 The CW
KSPR-LD §§ 33 (15) 2016 ABC
The CW (DT2)
K17DL-D §§ 17 (17) 2 Independent
Washington - Greenville, North Carolina WITN-TV 7 (32) 1997 NBC
MyNetworkTV (DT2)
MeTV (DT3)
Lincoln, Nebraska KOLN 10 (10) 1998 CBS
Grand Island, Nebraska KGIN
(Satellite of KOLN)
11 (11) 1998 CBS
Superior, Nebraska KSNB-TV 4 (4) 2013 NBC
MyNetworkTV/MeTV (DT2)
North Platte, Nebraska KNOP-TV ¤¤ 2 (2) 2014 NBC
Fox (DT2)
(Semi-satellite of KOLN)
10 (25) 1998 CBS
MeTV (LD2)
KIIT-CD ¤¤ 11 (11) 2014 Fox
Omaha, Nebraska WOWT ++ 6 (22) 2002 NBC
Reno, Nevada KOLO-TV 8 (8) 2002 ABC
Bismarck, North Dakota KFYR-TV ¤¤ 5 (31) 2014 NBC
Fox (DT2)
MeTV (DT3)
Dickinson, North Dakota KQCD-TV ¤¤
(Satellite of KFYR)
7 (7) 2014 NBC
Fox (DT2)
MeTV (DT3)
Minot, North Dakota KMOT ¤¤
(Semi-satellite of KFYR)
10 (10) 2014 NBC
Fox (DT2)
MeTV (DT3)
Williston, North Dakota KUMV-TV ¤¤
(Satellite of KMOT)
8 (8) 2014 NBC
Fox (DT2)
MeTV (DT3)
Fargo - Grand Forks, North Dakota KVLY-TV ¤¤ 11 (44) 2014 NBC
MeTV (DT3)
KXJB-LD 30 (30) 2016 CBS
The CW (LD2)
Heroes & Icons (LD3)
Toledo, Ohio WTVG 13 (13) 2014 ABC
The CW (DT2)
Rapid City, South Dakota KOTA-TV 3 (7) 2014 ABC
KEVN-LD 7 (23) 2015 Fox
Lead, South Dakota KHSD-TV
(Satellite of KOTA-TV)
5 (5) 2014 ABC
Fox (DT2)
Sioux Falls, South Dakota KSFY-TV ¤¤ 13 (13) 2014 ABC
The CW (DT2)
Aberdeen, South Dakota KABY-TV ¤¤
(Satellite of KSFY)
9 (9) 2014 ABC
The CW (DT2)
Pierre, South Dakota KPRY-TV ¤¤
(Satellite of KSFY)
4 (19) 2014 ABC
The CW (DT2)
Knoxville, Tennessee WVLT-TV 8 (30) 1996 CBS
MyNetworkTV (DT2)
WBXX-TV 20 (20) 2016 The CW
Laredo, Texas KGNS-TV 8 (8) 2013 NBC
Telemundo (DT3)
KYLX-LD 13 (13) 2015 CBS
The CW (LD2)
Odessa - Midland, Texas KOSA-TV ++ 7 (7) 2015 CBS
MyNetworkTV (DT2)
Sherman, Texas KXII 12 (12) 1999 CBS
MyNetworkTV (DT2)
Fox (DT3)
Waco, Texas KWTX-TV 10 (10) 1999 CBS
The CW (DT2)
Bryan, Texas KBTX-TV
(Semi-satellite of KWTX)
3 (50) 1999 CBS
The CW (DT2)
Burlington, Vermont WCAX-TV 3 (22) 2017 CBS
Charlottesville, Virginia WVAW-LD ++ 16 (16) 2002 ABC
WCAV 19 (19) 2004 CBS
Fox (DT3)
WAHU-CD 27 (40) 2005 Fox
MyNetworkTV/MeTV (CD2)
Harrisonburg, Virginia WHSV-TV ++ 3 (49) 2002 ABC
MyNetworkTV/MeTV (DT4)
WSVF-CD 43 (43) 2012 Fox
Roanoke - Lynchburg, Virginia WDBJ §§ 7 (18) 2016 CBS
MyNetworkTV (DT2)
Green Bay - Appleton, Wisconsin WBAY-TV 2 (23) 2017 ABC
Eau Claire - La Crosse, Wisconsin WEAU 13 (38) 1998 NBC
Madison, Wisconsin WMTV ++ 15 (19) 2002 NBC
The CW (DT2)
Wausau, Wisconsin WSAW-TV ++ 7 (7) 2002 CBS
MyNetworkTV/MeTV (DT2)
Fox (DT3)
WZAW-LD 55 (33) 2015 Fox
MeTV (LD2)
Movies! (LD3)
Huntington - Charleston, West Virginia -
Portsmouth, Ohio
WSAZ-TV 3 (23) 2005 NBC
MyNetworkTV/MeTV (DT2)
WQCW 30 (17) 2014 The CW
Parkersburg, West Virginia WTAP-TV ++ 15 (49) 2002 NBC
WOVA-LD 22 (22) 2012 Fox/Jewelry Television
WIYE-LD 47 (47) 2012 CBS
MyNetworkTV/MeTV (LD2)
Weston - Clarksburg -
Fairmont, West Virginia
WDTV 5 (5) 2017 CBS
MeTV (DT2)
WVFX 10 (10) 2017 Fox
The CW (DT2)
Casper, Wyoming KCWY-DT 13 (13) 2013 NBC
The CW (DT2)
Sheridan, Wyoming KSGW-TV §§
(satellite of KOTA-TV)
12 (13) 2016 ABC
Cheyenne, Wyoming KGWN-TV ++ 5 (30) 2013 CBS
The CW (DT3)
(Satellite of KCWY)
13 2013 NBC
Scottsbluff, Nebraska KSTF ++
(Semi-satellite of KGWN)
10 (29) 2013 CBS
Sidney, Nebraska KNEP §§
(Satellite of KOTA-TV)
4 (7) 2016 NBC

Other Notes:

Former stations[edit]

City of license / Market Station Channel
Years owned Current ownership status
El Dorado, Arkansas - Monroe, Louisiana KTVE 10 (27) 1967–1996 NBC affiliate owned by Mission Broadcasting
(operated through a SSA by Nexstar Media Group)
KAQY 11 (11) 1 MeTV affiliate, KMLU, owned by Legacy Broadcasting
Albany, Georgia WALB-TV 2 10 (10) 1954–1998 NBC affiliate owned by Raycom Media
Augusta, Georgia WAGT §§ 26 (30) 2016–2017 defunct, License cancelled in 2017.
(Intellectual unit and NBC programming transferred to a Gray-owned license and renamed WAGT-CD.)
Freeport - Rockford, Illinois WIFR ++ 23 (41) 2002–2017 defunct, License cancelled in 2017.
(Intellectual unit and CBS programming transferred to a Gray-owned license and renamed WIFR-LD.)
Wichita, Kansas KAKE ++ 10 (10) 2002–2016 ABC affiliate owned by Lockwood Broadcast Group
Colby, Kansas KLBY ++
(Satellite of KAKE)
4 (17) 2002–2016 ABC affiliate owned by Lockwood Broadcast Group
Garden City, Kansas KUPK ++
(Satellite of KAKE)
13 (13) 2002–2016 ABC affiliate owned by Lockwood Broadcast Group
Springfield, Missouri KSPR/KGHZ 33 (19) 3 defunct, License cancelled in 2017.
(Intellectual unit and ABC programming transferred to a Gray-owned license and renamed KSPR-LD.)
Helena, Montana KMTF 10 (29) 2014–2015 PBS member station, KUHM-TV, owned by Montana State University
KTVH-DT 12 (12) 2014–2015 NBC affiliate owned by Cordillera Communications
Fargo, North Dakota KXJB-TV 4 (38) 1 Cozi TV affiliate, KRDK-TV, owned by Major Market Broadcasting
Grand Junction, Colorado KJCT 4 8 (7) 2013–2014 Cozi TV affiliate, KGBY, owned by Chang Media Group
Winchester, Virginia TV3 Winchester 5 3
(Cable Only)
2007–2013 defunct


  • 1 Owned by Parker Broadcasting, Gray operated KAQY & KXJB under a shared services agreement, with sister stations KNOE & KVLY, respectively.
  • 2 Former flagship station
  • 3 Owned by Schurz Communications, Gray operated KSPR/KGHZ under a shared services agreement from 2016 until the station's license cancellation in 2017.
  • 4 Owned by Excalibur Broadcasting, Gray operated KJCT under a Local marketing agreement, with sister station, KKCO.
  • 5 TV-3 Winchester was Winchester, Virginia's cable-only ABC affiliate. The station was a joint operation of WHSV-TV of Harrisonburg, Virginia, and Shenandoah University, and appeared on cable systems located only in the northern Shenandoah Valley counties. The channel was also simulcasted on WHSV-DT3.

Management of Young Broadcasting stations[edit]

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. The plan included Gray Television coming in as an outside party and advise on operations of Young-owned stations in seven markets through December 2012. The new Young Broadcasting still has final word on the stations' operations, including programming and personnel.[15][17]

The Young-owned stations managed by Gray Television include:

Young Broadcasting would retain ownership of all of its stations, including three stations that Gray would not operate: KRON-TV in San Francisco, California, WATE-TV in Knoxville, Tennessee, and WLNS-TV in Lansing, Michigan, the latter two due to Gray already owning stations in those markets. Gray considered the possibility of purchasing the Young stations if they go on the market.[44]

The agreement ended without any further extensions on December 31, 2012, and Young agreed to a merger with Media General in mid-2013. Gray would eventually buy KWQC and WBAY when Nexstar Broadcasting Group acquired Media General in 2017.[34][35]

Washington News Bureau[edit]

By January 20, 2016, Gray had set up their Washington News Bureau by Jacqueline Policastro to enable stations to get interviews with US Senators and Representatives serving their communities. The bureau cooperates with Lilly News DC Bureau, previously started by Policastro, and is located at the NBC News Capitol Hill Bureau, 400 N Capitol Street.[32]


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  2. ^ a b "Gray Television SEC Filing". Gray Television. Archived from the original on 2018-07-10.
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  4. ^ a b c d e f g h "Gray Television consolidating offices, leaving Albany". The Albany Herald. Retrieved July 10, 2018.
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  6. ^ a b c "SEC Filing 10-K (2002)". Retrieved July 10, 2018.
  7. ^ a b c "SEC Filing 10-K (2005)". Retrieved July 10, 2018.
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  15. ^ a b "Banks' Bid on Young Stations Clears Hurdle" Archived 2010-06-23 at the Wayback Machine., from, 7/22/2009
  16. ^ "Gray to manage most Young stations" Archived 2009-07-30 at the Wayback Machine., from, 7/22/2009
  17. ^ a b Who's Really Running Young Broadcasting?" from, 2/1/2011
  18. ^ "Gray Buying Yellowstone Stations". TVNewsCheck. Archived from the original on 4 November 2013. Retrieved 4 November 2013.
  19. ^ "Gray Buying Hoak, Prime Stations For $342.5M". TVNewsCheck. Archived from the original on 2 December 2013. Retrieved 20 November 2013.
  20. ^ Gray Sell Grand Junction Duop To Nexstar Archived 2013-12-19 at the Wayback Machine., "TVNewsCheck", 19 December 2013
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  22. ^ Gray closes Hoak deal; completes refinancing. Archived 2014-07-29 at the Wayback Machine.,, Retrieved 13 June 2014.
  23. ^ Press Release Archived 2014-07-14 at the Wayback Machine. from Gray Television, 13 June 2014
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  27. ^ "Schurz Communications to sell WSBT and other TV, radio stations". South Bend Tribune. September 14, 2015. Retrieved September 14, 2015.
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  44. ^ "Gray Sees Young Stations As Possible Buy", from, 3/1/2011

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