Granite Broadcasting Corporation, founded by W. Don Cornwell and Stuart Beck (attorney) in 1988, is a 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 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. The current Chairman of the board and CEO is Peter Markham. Current COO is Duane Lammers, a consultant to the company since mid 2008 and former COO of Nexstar Broadcasting Group.
Granite declared Chapter 11 (reorganization) bankruptcy on December 11, 2006. It emerged from bankruptcy in June 2007 under the control of private equity firm Silver Point Capital (which also took over ComCorp later that year).
Read more about Granite Broadcasting Corporation: Coverage, Stations Owned By Granite Broadcasting, Former Stations
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