Friday, June 23, 2006

Granite Sells Big Market Stations

This is from the "breaking news" section of Broadcasting & Cable...

Despite an attempt by one investor to block the deal, Granite Broadcasting has secured regulatory approval of the sale of two stations the company desperately needs to complete by next Friday to avoid Chapter 11. The Federal Communications Commission Friday signed off on the transfer of its WB affiliates WDWB Detroit and KBWB San Francisco.

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