Granite Broadcasting Corporation
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Granite Broadcasting Corporation (OTCBB: GRRP), founded by W. Don Cornwell and Stuart Beck (attorney) in 1988[4], is a broadcasting holding company which owns or operates (via local marketing agreements) 14 television stations in the United States, largely centered in the midwest with a cluster in New York state. The company was the first African American-owned chain to be considered a "major" group to exist in the United States (though not the first minority-owned chain, a distinction held by the Aleut-owned Cook Inlet Broadcasting).
The company is based in New York City. The company's web site management team information is out of date. The current Chairman of the board and CEO is Peter Markham.[1][2] Current COO is Duane Lammers, a consultant to the company since mid 2008 and former COO of Nexstar Broadcasting Group[5].
Granite declared Chapter 11 (reorganization) bankruptcy on December 11, 2006.[3] It emerged from bankruptcy in June 2007 under the control of private equity firm Silver Point Capital (which also took over ComCorp later that year). The company's stock trades OTC under the ticker symbol GRRP.PK. [4]
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[edit] Coverage
In December 2008, Granite expanded the delivery of their programming over cable in their regional market areas. [5][6]
[edit] Stations Owned by Granite Broadcasting
| DMA# | Market | Station | Channel (DT) | Current Affiliation | Acquired | Notes |
|---|---|---|---|---|---|---|
| 6 | San Francisco, CA | KOFY-TV | 20 (19) | Ind. | 1998 | [1] |
| 11 | Detroit, MI | WMYD | 20 (21) | MyNetworkTV | 1997 | [1] |
| 52 | Buffalo, NY | WKBW | 7 (38) | ABC | 1995 | |
| 55 | Fresno, CA | KSEE | 24 (38) | NBC | 1993 | |
| 83 | Syracuse, NY | WTVH | 5 (47) | CBS | 1993 | Operated by Barrington Broadcasting-owned WSTM through a JSA and SSA |
| 107 | Fort Wayne, IN | WISE | 33 (19) | NBC | 2004 | Combined operations with WPTA MyNetworkTV on 33.2 INC Now (News/Weather) on 33.3 |
| WPTA | 21 (24) | ABC | NA | owned by Malara Broadcasting The CW on 21.2 The VIPIR Channel (Weather) on 21.3 |
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| 116 | Peoria, IL | WEEK | 25 (57) | NBC | 1989 | Controls WAOE and WHOI |
| WHOI | 19 (40) | ABC | NA | Owned by Barrington Broadcasting The CW on 19.2 |
||
| WAOE | 59 (39) | MyNetworkTV | NA | Owned by Four Seasons Broadcasting | ||
| 139 | Superior, WI Duluth, MN |
KBJR | 6 (9) | NBC | 1989 | Combined operations with KDLH
My 9 (MyNetworkTV) on 6.2 |
| Duluth, MN | KDLH | 3 (33) | CBS | NA | owned by Malara Broadcasting Northland's CW (The CW) on 3.2 |
|
| Chisholm, MN | KRII | 11 | NBC | 2000 | Satellite station of KBJR | |
| 157 | Binghamton, NY | WBNG | 12 (7) | CBS | 2006 | |
| WBXI | 12.2 | The CW | 2006 |
- a A proposed 2006 sale of KBWB and WMYD to DS Audible, LLC was cancelled after DS Audible failed to close the sale.[7]
[edit] Former Stations
| Market | Station | Channel | Affiliation(s) | Owned by Granite | Current Owner | Notes |
|---|---|---|---|---|---|---|
| San Jose, CA | KNTV | 11 | ABC; WB; NBC | 1989-2002 | NBC O&O | Was ABC for Monterey-Salinas until 2000, WB until end of 2001, now is NBC for San Francisco |
| Fort Wayne, IN | WPTA | 21 | ABC | 1989-2004 | Malara Broadcasting | Transferred to Malara upon Granite's purchase of WISE |
| Kalamazoo, MI | WWMT | 3 | CBS | 1995-98 | Freedom Communications | |
| Lansing, MI | WLAJ | 53 | ABC | 1996-98 | Freedom Communications | |
| Austin, TX | KEYE-TV | 42 | Fox; CBS | 1992-99 | Four Points Media Group | Was KBVO and Fox until 1995 |
[edit] References
- ^ http://www.broadcastingcable.com/article/327214-Cornwell_And_Deushane_Stepping_Down_At_Granite_Broadcasting.php
- ^ http://www.mediaweek.com/mw/content_display/news/local-broadcast/e3i224997d33ab2d014d3d211f170804acb
- ^ Granite Broadcasting Corporation (2006-12-11). "Granite Broadcasting Voluntarily Files Petition for Reorganization". Press release. http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/12-11-2006/0004489358. Retrieved 2006-12-12.
- ^ GRANITE BROADCASTING (GRRP.PK) @ Yahoo Finance[1]
- ^ Time Warner Cable Inc. and Granite Broadcasting Corporation to Provide Broadcast Television Programming in Several New York Markets [2]
- ^ Time Warner Closes Retrans Deals With Granite, ComCorp[3]
- ^ Granite Broadcasting Corporation (2006-07-18). "Granite Broadcasting Corporation Announces Termination of Sale Agreements for Detroit and San Francisco Television Stations". Press release. http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/07-18-2006/0004398783. Retrieved 2006-12-12.
