Gray Television, Inc. operates as a television broadcast company that owns and operates television stations and digital properties in the United States. As of February 1, 2014, the company owned and/or operated television stations in 34 television markets broadcasting a total of 110 programming streams, including 24 affiliates of the CBS Network (CBS), 14 affiliates of the NBC Network (NBC), 9 affiliates of the ABC Network (ABC) and 5 affiliates of the FOX Network (FOX). The company broadcasts secondary digital channels that are in addition to its primary broadcast channels. The company’s secondary broadcast channels are affiliated with networks different from those affiliated with its primary broadcast channels, and are operated by the company to make use of its broadcast spectrum by providing supplemental and/or alternative programming to its primary channels. Certain of its secondary channels are affiliated with more than one network simultaneously. In addition to affiliations with ABC, CBS and FOX, its secondary channels are affiliated with the following networks: the CW Network or the CW Plus Network (collectively, CW), MyNetworkTV (MyNet.), the MeTV Network (MeTV), This TV Network (This TV), Antenna TV (Ant.), Live Well Network (LW) and Telemundo (Tel.). The company also broadcasts nine local news/weather channels in certain of its existing markets. Strategy The company’s success is based on the following strategies for growing its revenues and operating cash flows: focusing on strategic growth and acquisitions; maintaining and growing its market leadership position; and pursuing new media opportunities. Seasonality Broadcast advertising revenue is highest in the second and fourth quarters each year. This seasonality results partly from increases in consumer advertising in the spring and retail advertising in the period up to and including the Christmas holiday season. Broadcast advertising revenue is also higher in even-numbered years due to spending by political candidates, political parties and special interest groups during the ‘on year’ of the two-year political advertising cycle. This political advertising spending typically is heaviest during the fourth quarter. Federal Regulation Under the Communications Act, the company’s television broadcast operations are subject to the jurisdiction of the Federal Communications Commission. History Gray Television, Inc. was founded in 1897. The company, a Georgia corporation, was incorporated in 1897.
gray television inc
(GTN:New York Consolidated)
4370 Peachtree Road, NE
Atlanta, GA 30319
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