WAPO is not the parent company. Gray Television is.
Technically you are both right and I appreciate the correction. But I was not off, just sloppy with terms.
I should have said “controlled”, not “owned” by a parent company.
But before explaining WAPO’s “control”, I’ll give another example of how people like me jump to the ultimate connection without care to explain terms.
MOODY’S
Moody’s is “owned” by Berkshire-Hathaway which is owned by Buffett. What? No way. Moody’s (MCO) and Berkshire are publicly traded companies! And Berkshire owns only 22% of Moody’s stock.
Umkay, for political, statutory, and business purposes, controlling owners had their money managers come up with what is known as a “controlling share.”
To make it clear, if I own 100% of Moody’s stock both actively traded and on the shelf, one could say I “own” it and control it. If I own 95% of both active and shelf, you’d likely say I pretty much own it. If I own 51% of active, convertible, and shelf, you’d agree I “control” it as in I determine the CEO and Board Members.
If I own 22% of what is traded, you’d say “Nope! You ain’t owner!” But if I said I own 22% of what’s traded and a chunk of convertible preferred that upon conversion would bring me to 51% Common, you might say “Dang! I guess you do own the thang!” My 22% is a “controlling share.”
If my money managers control it under an LLC in my name or a network maze of asset protection LLCs, the closest owning/controlling LLC is the “Parent”; this is all terminology and chart diagrams. But all this is old Wall Street structure. Today, there are new kids on the block that play control games outside of trading exchanges.
There is another way for me to “own” in the context of “control” a company using a licensing contract. It effectively skirts regulatory and tax burdens.
If I own a software platform and execute a licensing contract that effectively CONTROLS the licensee, I “own” the licensee, not in title but in operations. A gray area emerges.
I’ll make it even simpler. If I “control” a home by controlling its entries and exits, controlling totally who comes and goes in perpetuity, then I pretty much own it but not really. The title holder could sell it but my license contract would be a forever encumbrance on it. A new owner would be under my control and passive, an owner in name only, actually a club member is more accurate.
So it is with Gray Television. They are “owned” oops “controlled” by license to Arc Publishing which is Amazon which is Bezos which is CIA which is controlled by central bankers aka Wall Street Investment “gangs” oops “Banks.”
No, I’m not a whacked out conspiracy nut. I’m just a guy who had an inside peek at the Top over many many years and who liked what he saw for many of those many years until I saw a change that rendered many of those that came to occupy the Top as our enemy of today.
24 years of Clinton, Bush, Obama achieved what Hillary Clinton ordered, “Let’s get OUR people in there!” The Top is a globalist soup controlled by the Davos Gang.
And Gray Television is part of that takeover.
“Arc is deeply integrated with Amazon Web Services which delivers unmatched speed, scale and ease-of-use for Arc clients. This collaboration, which includes AWS Media Services for video asset management, provides superior performance for broadcasters’ day-to-day work like giving them the ability to set up live video channels in minutes or to clip and edit live and on-demand video in real-time for immediate distribution.”
Gray is “owned” by the Swamp.
We good? Yeah, we good.