Granite Broadcasting Corporation

Granite Broadcasting Corporation

Granite Broadcasting Corporation 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. [cite press release
title = Granite Broadcasting Voluntarily Files Petition for Reorganization
publisher = Granite Broadcasting Corporation
date = 2006-12-11
url = http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/12-11-2006/0004489358
accessdate = 2006-12-12
] It emerged from bankruptcy in June of 2007, under the control of Silver Point Capital (which took the company private).

tations Owned by Granite Broadcasting




#note_label|DSAudible|1|a A proposed 2006 sale of KBWB and WMYD to DS Audible, LLC was cancelled after DS Audible failed to close the sale. [cite press release
title = Granite Broadcasting Corporation Announces Termination of Sale Agreements for Detroit and San Francisco Television Stations
publisher = Granite Broadcasting Corporation
date = 2006-07-18
url = http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/07-18-2006/0004398783
accessdate = 2006-12-12
]

Former Stations

References

External links

* [http://www.granitetv.com Company Site]
* [http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=GBTVK Company Profile @ Forbes]


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