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 The company's web site management team information is out of date.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]

Contents

[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
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
  1. 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

  1. ^ http://www.broadcastingcable.com/article/327214-Cornwell_And_Deushane_Stepping_Down_At_Granite_Broadcasting.php
  2. ^ http://www.mediaweek.com/mw/content_display/news/local-broadcast/e3i224997d33ab2d014d3d211f170804acb
  3. ^ 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. 
  4. ^ GRANITE BROADCASTING (GRRP.PK) @ Yahoo Finance[1]
  5. ^ Time Warner Cable Inc. and Granite Broadcasting Corporation to Provide Broadcast Television Programming in Several New York Markets [2]
  6. ^ Time Warner Closes Retrans Deals With Granite, ComCorp[3]
  7. ^ 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. 

[edit] External links