Granite Broadcasting

American television broadcast company From Wikipedia, the free encyclopedia

Granite Broadcasting LLC was an American broadcasting holding company based in New York City. Granite was founded by W. Don Cornwell and Stuart Beck in 1988,[1] and was the first African-American station group in the United States to considered to be a "major" station operator (though not the first minority-owned chain, a distinction held by the now-defunct Aleut-owned Cook Inlet Broadcasting).[citation needed]

Company typePrivate
IndustryTelevision
Founded1988; 38 years ago (1988)
Founders
Quick facts Company type, Industry ...
Granite Broadcasting LLC
Company typePrivate
IndustryTelevision
Founded1988; 38 years ago (1988)
Founders
DefunctFebruary 13, 2026; 31 days ago (2026-02-13)
FateMajority of station assets acquired by Quincy Media in 2015; last remaining station acquired by Deerfield Media in 2026
SuccessorQuincy Media
Gray Media
Deerfield Media
Sinclair Broadcast Group
Headquarters767 Third Avenue, ,
Key people
OwnerSilver Point Capital
Close

Granite's chairman/CEO was Peter Markham, with Duane Lammers serving as COO.[2]

History

W. Don Cornwell left Goldman Sachs' investment banking department in 1988. He co-founded Granite Broadcasting Corporation with Stuart Beck on February 8, 1988.[3][4] In 1993, it purchased two stations from Meredith Corporation, which included WTVH in Syracuse and KSEE in Fresno for $38 million.[5]

In 1997, Granite purchased television station KOFY-TV for $143.8 million, becoming their largest station purchase.[6] Cornwell was CEO and chairman of Granite until resigning in 2009.[4] During his time with the company, Granite expanded to 23 channels and 11 markets.[1] In April 2006, Granite acquired WBNG-TV in Binghamton from SJL Broadcasting, which was in the process of liquidating most of its broadcasting holdings, which paid $45 million to cost.[7]

Granite declared Chapter 11 bankruptcy[8] on December 11, 2006, mainly due to the complications of the 2006 United States broadcast television 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.[9] It emerged from bankruptcy in June 2007, under the control of private equity firm Silver Point Capital (which also acquired ComCorp later that year).

In 2011, it filed a lawsuit against Nexstar Broadcasting Group for having the Fox affiliation to appear on WPTA's digital subchannel after WFFT's removal of it. The suit was settled in 2013, and WFFT reclaimed the Fox affiliation.[10]

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[11] for $110 million (the latter forming a duopoly with Scripps-owned ABC affiliate WXYZ-TV). Most of its remaining stations (mostly in small markets), along with the Malara Broadcast Group's two stations, went to Quincy Newspapers and SagamoreHill Broadcasting (which originally planned to operate the LMA-controlled stations Granite currently provides services to for Quincy).[12][13] SagamoreHill was subsequently withdrawn from the Quincy transaction.[14]

In July 2015, a reworked deal was reached to have SagamoreHill acquire WISE, the SSA between WISE and WPTA (owned by Quincy), and have all of WISE's network affiliations moved to WPTA in exchange for its The CW Plus affiliation within nine months of the closure.[15] On September 15, 2015, the FCC approved the deal,[16] which was completed on November 2.[17]

WTVH, which was the last remaining station in Granite's portfolio from 2018 until 2026, now serves only as an ATSC 1.0 beacon for the stations of Sinclair Broadcast Group. Sinclair's main Syracuse station WSTM has operated WTVH under a local marketing agreement since 2009; on December 1, 2025, Sinclair moved WTVH's programming to a newly licensed station under its own ownership, WKOF, which operates on the ATSC 3.0 standard, as does WSTM. The remaining video services operating on the WTVH license are two Sinclair-owned digital subchannel networks, Roar and Charge.[18] On December 17, 2025, it was announced that Granite would sell WTVH to Deerfield Media;[19] which was completed on February 13, 2026.[20]

Former stations

Stations are arranged in alphabetical order by state and city of license.

More information Media market, State ...
Stations formerly owned by Granite Broadcasting
Media market State Station Purchased Sold Notes
FresnoCalifornia KSEE 19932013
San FranciscoSan Jose KNTV 19902002
KOFY-TV 19982018[a]
PeoriaIllinois WEEK-TV 19882015
WHOI 20092015[b]
WAOE 19992014[b]
Fort WayneIndiana WPTA 19892005[c]
WISE-TV 20052015
DetroitMichigan WMYD 19972014[d]
Kalamazoo WWMT 19951998
Lansing WLAJ 19961998
ChisholmMinnesota KRII 20022015[A]
Duluth KBJR-TV 19882015
KDLH 20052015[c]
BinghamtonNew York WBNG-TV 20062015
Buffalo WKBW-TV 19952014
Syracuse WTVH 19932026[e]
AustinTexas KEYE-TV 19941999[f]
Close
  1. Known as KBWB from 1998 through 2008.
  2. Owned by a third party.
  3. Owned by Malara Broadcast Group from 2005 to 2015.
  4. Known as WXON prior to 1997 and as WDWB from 1997 to 2006.
  5. Operated by Sinclair Broadcast Group from 2013 to 2026.
  6. Known as KBVO-TV prior to 1995.
  1. Satellite of KBJR-TV.

References

Related Articles

Wikiwand AI