Granite Broadcasting Corporation

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Granite Broadcasting Corporation (OTCBB: GBTVQ) is an African-American-owned 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 founded in 1988 and 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, lead by W. Don Cornwell.

Granite declared Chapter 11 (reorganization) bankruptcy on December 11, 2006.^[1]

1 Stations Owned by Granite Broadcasting
2 Former Stations
3 References
4 External links

[edit] Stations Owned by Granite Broadcasting

Current DMA#	Market	Station	Channel (DT)	Current Affiliation	Acquired	Notes
5.	San Francisco, California	KBWB	20 (19)	Ind.	1998	^[1]
11.	Detroit, Michigan	WMYD	20 (21)	MyNetworkTV	1997	^[1]
49.	Buffalo, New York	WKBW-TV	7 (38)	ABC	1995
49.	Buffalo, New York	WNGS	67	Retro Television Network	LMA
55.	Fresno, California	KSEE-TV	24 (38)	NBC	1993
79.	Syracuse, New York	WTVH-TV	5 (47)	CBS	1993
106.	Fort Wayne, Indiana	WISE-TV	33 (19)	NBC	2004	Combined operations with WPTA MyNetworkTV on 33.2 NBC Weather Plus on 33.3
106.	Fort Wayne, Indiana	WPTA	21 (24)	ABC	NA	owned by Malara Broadcasting The CW on 21.2
116.	Peoria, Illinois	WEEK-TV	25 (57)	NBC	1989	Controls WAOE
116.	Peoria, Illinois	WAOE	59 (39)	MyNetworkTV	NA	Owned by Four Seasons Broadcasting
137.	Superior, Wisconsin Duluth, Minnesota	KBJR	6 (9)	NBC	1989	Combined operations with KDLH My 9 (MyNetworkTV) on 6.2
	Duluth, Minnesota	KDLH	3 (33)	CBS	NA	owned by Malara Broadcasting The CW on 3.2 in September 2006
	Chisholm, Minnesota	KRII	11	NBC	2000	Satellite station of KBJR
157.	Binghamton, New York	WBNG	12 (7)	CBS	2006
157.	Binghamton, New York	WBXI	12.2	The CW	2006

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^a On May 2, 2006, Television Week magazine, an industry trade publication, reported that Granite will be selling WDWB (which became WMYD 13 days later) and KBWB to DS Audible, LLC, a holding company owned by and/or affiliated with Canyon Capital Advisors, D.B. Zwirn & Co., Fortress Investment Group and Ramius Capital Group, among others. Part of the payment will be used towards closing the deal for Granite's purchase of WBNG-TV, with the remainder being used towards meeting their June interest payment. However, on July 18, 2006, Granite cancelled the sale after DS Audible failed to close on the stations by June 30. ^[2] In July Granite secured a $70m bridge loan which matures at the end of the year and which provides it the liquidity to meet its June interest obligation, the purchase price of WBNG-TV, and some working capital. The bridge loan required Granite to submit a restructuring plan by the end of August.^{[update needed]}

[edit] Former Stations

Market	Station	Channel	Affiliation(s)	Owned by Granite	Current Owner	Notes
San Jose, California	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, Indiana	WPTA	21	ABC	1989-2004	Malara Broadcasting	Transferred to Malara upon Granite's purchase of WISE
Kalamazoo, Michigan	WWMT	3	CBS	1995-98	Freedom Communications
Lansing, Michigan	WLAJ	53	ABC	1996-98	Freedom Communications
Austin, Texas	KEYE-TV	42	Fox;CBS	1992-99	CBS O&O (Pending sale to Cerberus Capital Management)	Was KBVO and Fox until 1995