TheRob 938 Posted May 3, 2021 Share Posted May 3, 2021 News release just arrived: https://graytv.gcs-web.com/node/18171/pdf Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/ Share on other sites More sharing options...
Working4You 40 Posted May 3, 2021 Share Posted May 3, 2021 Big news for them. Gray is HQ in Atlanta and will give them a Flagship in CBS 46 WGCL (A city they also announced they are building a whole studio city in the metro... new studios for 46?). Also, helps them complete their Alabama cluster with getting Mobile, something Raycom never did. Also gives them every major market in Tennessee, South Carolina and Missouri. Plus Arizona and Nevada. Lot of good synergy with this purchase and helps them grow into a major player like Nexstar and Sinclair have in the past few years. Interesting note in the press release: " Gray currently operates in only one of these television markets, the Flint-Saginaw DMA. To facilitate regulatory approvals for this transaction, Gray will divest its ABC affiliate in the market, WJRT-TV, to an independent third-party no later than the closing of the Meredith acquisition." I assume, WNEM (CBS) is the higher rated station in that market over WJRT (ABC)? Usually Gray keeps the station they already own in a market. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259521 Share on other sites More sharing options...
Georgie56 3307 Posted May 3, 2021 Share Posted May 3, 2021 You knew this was coming after Gray announced the Studio City complex. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259523 Share on other sites More sharing options...
GoldenShine9 1513 Posted May 3, 2021 Share Posted May 3, 2021 The only surprise is that they are selling WJRT and picking up WNEM. However, everything else you could see from a mile away. This has probably been in discussion for a while. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259531 Share on other sites More sharing options...
bmasters1 405 Posted May 3, 2021 Share Posted May 3, 2021 Does this mean that WHNS FOX Carolina and WSMV Channel 4 in Nashville will be Gray Television stations? Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259536 Share on other sites More sharing options...
GoldenShine9 1513 Posted May 3, 2021 Share Posted May 3, 2021 2 minutes ago, bmasters1 said: Does this mean that WHNS FOX Carolina and WSMV Channel 4 in Nashville will be Gray Television stations? Yes they will be. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259537 Share on other sites More sharing options...
T.L. Hughes 890 Posted May 3, 2021 Share Posted May 3, 2021 2 hours ago, Working4You said: Big news for them. Gray is HQ in Atlanta and will give them a Flagship in CBS 46 WGCL (A city they also announced they are building a whole studio city in the metro... new studios for 46?). Also, helps them complete their Alabama cluster with getting Mobile, something Raycom never did. Also gives them every major market in Tennessee, South Carolina and Missouri. Plus Arizona and Nevada. Lot of good synergy with this purchase and helps them grow into a major player like Nexstar and Sinclair have in the past few years. Interesting note in the press release: " Gray currently operates in only one of these television markets, the Flint-Saginaw DMA. To facilitate regulatory approvals for this transaction, Gray will divest its ABC affiliate in the market, WJRT-TV, to an independent third-party no later than the closing of the Meredith acquisition." I assume, WNEM (CBS) is the higher rated station in that market over WJRT (ABC)? Usually Gray keeps the station they already own in a market. It doesn’t give them every market in Missouri. The Meredith deal will add Kansas City and St. Louis to Gray’s properties in Springfield, Kirksville-Ottumwa and Cape Girardeau, but Gray will still lack properties in Joplin (occupied by Morgan Murphy and Nexstar), St. Joseph (occupied by Heartland and NPG) and Columbia-Jefferson City (affiliate ownership there is occupied by NPG, Sinclair and the University of Missouri-Columbia) once the deal is closed. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259539 Share on other sites More sharing options...
nickp 337 Posted May 3, 2021 Share Posted May 3, 2021 between their acquisitions of Raycom Quincy and now Meredith Gray is now positioned to be #2 in revenue nationwide Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259540 Share on other sites More sharing options...
GoldenShine9 1513 Posted May 3, 2021 Share Posted May 3, 2021 17 minutes ago, T.L. Hughes said: It doesn’t give them every market in Missouri. The Meredith deal will add Kansas City and St. Louis to Gray’s properties in Springfield, Kirksville-Ottumwa and Cape Girardeau, but Gray will still lack properties in Joplin (occupied by Morgan Murphy and Nexstar), St. Joseph (occupied by Heartland and NPG) and Columbia-Jefferson City (affiliate ownership there is occupied by NPG, Sinclair and the University of Missouri-Columbia) once the deal is closed. Of those, Joplin would be the biggest reach and probably out of play except for a trade, as Morgan Murphy does not fit Gray at all. Columbia could be reached through KOMU (probably with a stipulation that the university will keep the news department) while St. Joseph could be reached through the Heartland remnants. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259542 Share on other sites More sharing options...
effseesee 101 Posted May 3, 2021 Share Posted May 3, 2021 50 minutes ago, GoldenShine9 said: The only surprise is that they are selling WJRT and picking up WNEM. However, everything else you could see from a mile away. This has probably been in discussion for a while. Cable in Flint carries WXYZ. Keeping WNEM means they don't have to compete with Detroit. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259543 Share on other sites More sharing options...
GoldenShine9 1513 Posted May 3, 2021 Share Posted May 3, 2021 I think this could be a game changer for WGCL. They have long been ignored under Meredith, but a locally-based owner cannot do such. They are probably happy to finally be breaking free. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259552 Share on other sites More sharing options...
MarkBRollins88_v2 350 Posted May 3, 2021 Share Posted May 3, 2021 1 minute ago, GoldenShine9 said: I think this could be a game changer for WGCL. They have long been ignored under Meredith, but a locally-based owner cannot do such. They are probably happy to finally be breaking free. KDAF would beg to differ on that argument Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259555 Share on other sites More sharing options...
nathannah 2445 Posted May 3, 2021 Share Posted May 3, 2021 Eventually WGGB will have an owner for longer than a decade, but at least Gray is a great steward of small-market stations. Only odd thing is that WFSB and WGGB/WSHM-LD's nearest sister is Burlington, but at least they have Boston surrounded with stations now. Best thing though? Meredith's weird 'you can only watch streaming news on our apps or a really hidden site link' strategy is now in the trash. Looking forward to seeing these stations on Vuit for sure, and wondering if this also comes with something for the People TV show involving Gray picking that up for their stations. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259559 Share on other sites More sharing options...
TennTV1983 804 Posted May 3, 2021 Share Posted May 3, 2021 11 minutes ago, mrschimpf said: Eventually WGGB will have an owner for longer than a decade, but at least Gray is a great steward of small-market stations. Only odd thing is that WFSB and WGGB/WSHM-LD's nearest sister is Burlington, but at least they have Boston surrounded with stations now. Best thing though? Meredith's weird 'you can only watch streaming news on our apps or a really hidden site link' strategy is now in the trash. Looking forward to seeing these stations on Vuit for sure, and wondering if this also comes with something for the People TV show involving Gray picking that up for their stations. VUit already has the Meredith stations on their service along with the Morgan Murphy ones. It's been that way since last year. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259560 Share on other sites More sharing options...
RGSJenkins 435 Posted May 3, 2021 Share Posted May 3, 2021 Does anybody want to buy a former ABC O&O? Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259562 Share on other sites More sharing options...
bmasters1 405 Posted May 3, 2021 Share Posted May 3, 2021 3 hours ago, GoldenShine9 said: Yes they will be. I wonder what their news graphics will look like as Gray stations (if it'll be any different from the graphics of their soon-to-be-former Meredith ownerships). Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259563 Share on other sites More sharing options...
GoldenShine9 1513 Posted May 3, 2021 Share Posted May 3, 2021 2 minutes ago, RGSJenkins said: Does anybody want to buy a former ABC O&O? IMO, it's between Scripps and Allen. The latter has already bought from Gray once and would certainly do so again, while the former has a lot of upside (they own in 3 Michigan markets and Flint would be the 4th) but may have to trade something (i.e. a loose Ion station) to create cap room. 5 minutes ago, bmasters1 said: I wonder what their news graphics will look like as Gray stations (if it'll be any different from the graphics of their soon-to-be-former Meredith ownerships). WOIO has graphics very much like the current Meredith package. Maybe that will be adopted at more stations? By then, the current Gray package would be over 3 years old. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259564 Share on other sites More sharing options...
TennTV1983 804 Posted May 3, 2021 Share Posted May 3, 2021 1 minute ago, bmasters1 said: I wonder what their news graphics will look like as Gray stations (if it'll be any different from the graphics of their soon-to-be-former Meredith ownerships). It'll be whatever Gray's CSD in Omaha puts out there as I don't think they would want to keep any of Matt Quinn's stuff post-acquisition. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259565 Share on other sites More sharing options...
rdtv 13 Posted May 3, 2021 Share Posted May 3, 2021 19 minutes ago, TennTV1983 said: It'll be whatever Gray's CSD in Omaha puts out there as I don't think they would want to keep any of Matt Quinn's stuff post-acquisition. The Meredith graphics hub is a “local media group” division and is included in the sale to Gray. I’m interested to see how they integrate the Meredith graphics team, if at all. Also included is in the sale is Meredith’s Dynamic Captioning. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259566 Share on other sites More sharing options...
tyrannical bastard 3955 Posted May 3, 2021 Share Posted May 3, 2021 I'm glad this deal is finally a reality. Now here's hoping that Gray undoes all of the damage Meredith did over the last year just to try and keep the lights on. Mainly with all of the carnage in creative services being hubbed out to Nashville. One of Nexstar's first orders of business was to close down the MGFX graphics hub under Media General and move artists back into the stations. Gray's always seemed more of a locally focused company with their advertising, so that's another opportunity to grow revenue. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259567 Share on other sites More sharing options...
GodfreyGR 652 Posted May 3, 2021 Share Posted May 3, 2021 26 minutes ago, GoldenShine9 said: IMO, it's between Scripps and Allen. The latter has already bought from Gray once and would certainly do so again, while the former has a lot of upside (they own in 3 Michigan markets and Flint would be the 4th) but may have to trade something What are the chances Allen was already in on talks of this happening with the last deal? He said he wanted to buy more stations going forward... Could this have been a possible contingency? Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259568 Share on other sites More sharing options...
CLETVFan 367 Posted May 3, 2021 Share Posted May 3, 2021 Now there will be people arguing which is the worst Gray TV station and to usually mention WOIO and WGCL as the candidates. Ironically, in addition to now being under common ownership, those two were part of the big network switch of 1994-96 with both stations flipping to CBS. Could there be some from 'GCL moving to 'OIO or the other way around? Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259570 Share on other sites More sharing options...
tyrannical bastard 3955 Posted May 3, 2021 Share Posted May 3, 2021 I'm hoping this will be a positive for WGCL. Much of their trouble has been directly related to Meredith's management of the station ever since it was traded from Tribune. Having company headquarters and their investment in Atlanta hopefully is a major positive and some incentive to really bring this station up to flagship standards. WPCH could also be raised to a higher standing, much like Ted Turner did when it was WTBS. WOIO? It's seemingly been cursed from day one going all the way back to Malrite and the switch to CBS. If gray is not going to put the legwork into making them a major player, it could be sale bait should Gray want to grow any larger. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259572 Share on other sites More sharing options...
nickp 337 Posted May 3, 2021 Share Posted May 3, 2021 The sale is good news for people working at WFSB Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259575 Share on other sites More sharing options...
GoldenShine9 1513 Posted May 3, 2021 Share Posted May 3, 2021 What are the WGCL studios like, facility wise? I could certainly see those moved over to the new Doraville site when constructed. If they add an office component, they could move their corporate HQ there too. Link to comment https://localnewstalk.net/topic/18278-gray-television-to-buy-meredith/#findComment-259576 Share on other sites More sharing options...
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