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Granite Broadcasting Corporation

Granite Broadcasting Corporation operates eleven network-affiliated television stations in geographically diverse markets reaching almost 8.0% of the nation's television households. Three stations are affiliated with the NBC Television Network (NBC), four with the ABC Television Network (ABC), three with the CBS Television Network (CBS) and one station is affiliated with the WB network. The NBC stations include: KSEE-TV, Fresno-Visalia, California; WEEK-TV, Peoria-Bloomington, Illinois and KBJR-TV, Duluth, Minnesota and Superior, Wisconsin. The ABC affiliates are WKBW-TV, Buffalo, New York; KNTV(TV), San Jose and Monterey-Salinas, California; WPTA-TV, Fort Wayne, Indiana: and WLAJ-TV, Lansing, Michigan, which Granite operates pursuant to a Time Brokerage Agreement. The CBS affiliates are WWMT-TV, Grand Rapids-Kalamazoo-Battle Creek, Michigan; WTVH-TV, Syracuse, New York; and KEYE-TV, Austin, Texas. The WB affiliate is WXON-TV, Detroit, Michigan. Granite also owns WEEK-FM in Eureka, Illinois and operates the radio station in combination with WEEK-TV.

The Company's goal is to identify and acquire properties that management believes have the potential for substantial long-term appreciation and to aggressively manage such properties to improve their operating results. Since its inception in 1988, Granite has grown significantly, primarily as a result of a series of carefully selected acquisitions involving network affiliates in increasingly larger markets and also as a result of the implementation of Granite's operating strategy.

Two classes of Granite Broadcasting Corporation's securities are listed on the NASDAQ National Market System. The Company's common stock (non-voting) is traded under the symbol "GBTVK" and its cumulative convertible exchangeable preferred stock is traded under the symbol "GBTVP".

Sept 16, 1996 Granite Broadcasting and Yahoo! Launch Integrated
Internet and Television Broadcast News Programming

Jan 21, 1997 CareerMosaic and Granite Broadcasting Launch
First Combines On-Line/Broadcast Job Fairs

April 7, 1997 Granite Broadcasting And Classifieds2000(TM) Launch
Combined On-Line/Broadcast Classified Advertising Services


K-EYE Logo

Channel 42
Austin, Texas

K-EYE-TV became a CBS affiliate in July 1995 and and it made history by adding five daily newscasts and a full slate of weekend news at one time. One of the most recent arrivals to the Granite team, K-EYE-TV provides a strong presence in one of the country's fastest-growing markets. In its first ratings book K-Eye TV became the first switch station in the country to go from fourth place to first place in the ratings, sign-on to sign-off.

Channel 7
Buffalo, New York

WKBW-TV is the news leader in Western New York, Northwestern Pennsylvania and Southern Ontario covering the top stories, sports and providing the exclusive Accu-Weather forecast on Eyewitness News. WKBW, Channel 7, offers more local programming than any other station in the market, including the only local morning talk show AM Buffalo. From public service to community service, WKBW has hosted the the Variety Club Telethon for 35 years supporting Buffalo's Children's Hospital and Children's Charites. They are also the first Buffalo station with satellite news gathering capabilities with NewStar 7  and the first with a site on the World Wide Web.


Channel 6
Duluth, Minnesota - Superior, Wisconsin

KBJR-TV has the two highest-rated early-evening news programs in its market and airs the most hours of news each week. KBJR was recently awarded "Best Newscast" by the Associated Press and was named "Station of Excellence" by the National Broadcast News Association.

Channel 21
Fort Wayne, Indiana

WPTA-TV is a consistent award-winner for its news and community service programming. Recently WPTA received a Telly Award for the show, "Three Rivers In Time," an historical look at the birth of Fort Wayne, Indiana. In news, WPTA-TV is the undisputed leader in all key demographics, helping it rank among the top ten ABC affiliates in the country.


Channel 24
Fresno - Visalia, California

KSEE-TV is Fresno's fastest-growing television station. KSEE boasts five award-winning local newscasts. In fact, KSEE reporter Dale Julin received a Peabody Award, one of the most prestigious awards in broadcast journalism.

Channel 3
Grand Rapids - Kalamazoo - Battle Creek, Michigan

WWMT-TV serves the West Michigan market. Channel 3 is known for its outstanding locally produced programs. Providing West Michigan viewers with excellence in news coverage is part of the reason we say, Channel 3, Where News Comes First!


Channel 25
Peoria - Bloomington, Illinois

WEEK-TV has been rated the number-one station in news audience and sign-on to sign-off audience for seven consecutive years. In recognition of its outstanding news coverage, WEEK was named "Illinois Station of the Year" in 1992, 1993 and 1994.


Channel 11
San Jose - Salinas - Monterey, California

KNTV-TV is the only network-affiliated VHF station licensed to San Jose, America's 11th largest city. The station, known as the San Jose NewsChannel, serves as the primary source of local television news for the Silicon Valley's capital city as well as the scenic Monterey-Salinas market.

Channel 5
Syracuse, New York

WTVH-5 is the CBS affiliate for Central New York and the Mohawk Valley, serving both Syracuse and Utica. WTVH-5 was the first television station on the air in Central New York with a proud tradition of firsts, including the first television station with live remote broadcasts, the first Syracuse station to offer closed-captioned news broadcasts and the first Syracuse television station with a World Wide Web site.

Channel 53
Lansing-Jackson, Michigan

WLAJ-TV is the ABC affiliate serving Mid Michigan.

Channel 20
Detroit, Michigan

WXON-TV is the Warner Brother affiliate serving Detroit Michigan

Updated 6/2/97