| September HCI's new 5 year contract with the NCAA takes effect. |
November Rawlings Sporting Goods Company, Inc. and HCI announce 5-year Strategic Marketing Agreement. |
November Investment Purchase Agreement with Rawlings announced, providing for Bull Run's acquisition of approximately 20% of Rawlings common stock. |
December Datasouth begins shipping Journey, a new airline ticket printer. |
January Datasouth acquires CodeWriter, a designer and manufacturer of thermal bar code printers, for $6.2 million. |
February Gray signs agreement to acquire Busse Broadcasting, owner of three TV stations, for an estimated $112 million, subject to FCC approval. |
| August Gray acquires WITN-TV in Greenville- Washington-New Bern, NC market for $41.7 million. |
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| April Gray acquires GulfLink Communications, Inc., a transportable satellite uplink business, for $5.2 million. |
September Gray acquires, for $183.9 million, WCTV-TV in Tallahassee, WVLT -TV in Knoxville, and other communications businesses. |
September Bull Run invests $5 million in Gray series B preferred stock, plus warrants to purchase additional Gray class A common stock. |
September Gray raises $220 million from public offerings of class B common stock and 10 5/8% senior subordinated notes. |
August CSP exercises warrants for approximately 48% of the outstanding HCI common stock. |
August HCI acquires AdCraft Sports Marketing for $1.6 million. |
| January Bull Run invests $10 million in Gray series A preferred stock, plus warrants to purchase additional Gray class A common stock. |
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| January Bull Run invests initial $900,000 in Host Communications, Inc. ("HCI"). |
January Gray acquires the Gwinnett Daily Post (then the Gwinnett Post- Tribune), for $3.7 million. |
March Bull Run acquires 50% of Capital Sports Properties ("CSP"), whose assets consist solely of investments in HCI, for $9.7 million. |
October HCI sells certain operating assets to Universal Sports America, Inc. ("USA") in return for a 33.8% ownership position. |
November Bull Run acquires USA convertible preferred stock for $650,000. |
January Gray acquires WRDW-TV, in Augusta, GA, for $37.2 million. |
| November Bull Run acquires remaining 56.4% of Datasouth for $15.2 million of Bull Run common stock. |
October Gray acquires weekly shoppers in SW Georgia for $1.5 million. |
September Gray acquires WKYT-TV in Lexington, KY and WYMT-TV in Hazard, KY for $42.5 million. |
May Gray acquires The Rockdale Citizen, a daily newspaper, for $4.8 million. |
August Bull Run invests initial $11.1 million in Gray Communications Systems, Inc. |
April Bull Run acquires 43.6% of Datasouth Computer Corporation for $7.5 million. |
July Robinson-Prather Partnership acquires 30% of Bull Run Gold Mines, Ltd.; subsequently reincorporated as "Bull Run Corporation". |