Granite Broadcasting


Granite Broadcasting Corporation is a broadcasting holding company in New York City which owns one television station in the United States, in Syracuse, New York. Granite was founded by W. Don Cornwell and Stuart Beck in 1988, and was the first African-American station group in the United States considered to be a "major" station operator.
Granite's chairman/CEO is Peter Markham, with Duane Lammers as COO.

History

Granite declared Chapter 11 bankruptcy on December 11, 2006, mainly due to the complications of the 2006 United States broadcast TV realignment which nullified the sales of the group's Detroit and San Francisco The WB affiliates due to those stations being left out of The CW because of CBS Corporation-owned stations in both cities taking the affiliation by default. It emerged from bankruptcy in June 2007 under the control of private equity firm Silver Point Capital.
In February 2014, Granite reached deals to sell the majority of its stations. WKBW-TV in Buffalo, New York and WMYD in Detroit were sold to the E. W. Scripps Company for $110 million, while most of its remaining stations, along with the Malara Broadcast Group's two stations, went to Quincy Newspapers and SagamoreHill Broadcasting. SagamoreHill was subsequently dropped from the Quincy transaction.
In July 2015, the deal was reworked yet again to have SagamoreHill acquire WISE, the SSA between WISE and WPTA wound down within nine months of its closure, and have all of WISE's network affiliations moved to WPTA in exchange for its The CW Plus affiliation. On September 15, 2015, the FCC approved the deal, which was completed on November 2.

List of stations

Current

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