GBTVK LIST stock news:
Granite Broadcasting Corporation Announces Dividend On Cumulative Exchangeable Preferred
Stock
NEW YORK, March 15 /PRNewswire/ -- Granite Broadcasting Corporation today declared a dividend on shares of its 12.75% Cumulative Exchangeable
Preferred Stock of $63.75 for each share having a $1,000 liquidation preference. The dividend will be paid in kind through the issuance of 0.06375 additional shares
of Cumulative Exchangeable Preferred Stock for each outstanding share.
The dividend is payable on Monday, April 2, 2001 to shareholders of record as of today. The preferred stock began to trade ex-dividend on March 14, 2001.
Granite Broadcasting Corporation (Nasdaq: GBTVK - news) operates nine television stations in geographically diverse markets reaching almost 7.0% of the nation's
television households, including a duopoly in the fifth largest market. Three stations are affiliated with the NBC Television Network (NBC), two with the ABC
Television Network (ABC), one with the CBS Television Network (CBS), two with the Warner Brothers Television Network (WB), and one independent station.
The NBC affiliates are 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, and WPTA-TV, Fort Wayne, Indiana. The CBS affiliate is WTVH-TV, Syracuse, New
York. The WB affiliates are KBWB-TV, San Francisco-Oakland-San Jose, California, and WDWB-TV, Detroit, Michigan. KNTV, which operates in combination
with KBWB-TV, became a news-oriented independent station on July 3, 2000. On June 1, 2000, Granite announced a definitive agreement with NBC, whereby
KNTV will become the San Francisco-Oakland-San Jose, California NBC affiliate as of January 1, 2002. Granite is also recognized as an innovator in the
development of new media services that combine television broadcasting and Internet platforms.
SOURCE: Granite Broadcasting Corporation |
