Granite Broadcasting Corporation Moves to Nasdaq Small Cap

Apr 20, 2001, 01:00 ET from Granite Broadcasting Corporation

    NEW YORK, April 20 /PRNewswire Interactive News Release/ --
 Granite Broadcasting Corporation (Nasdaq: GBTVK) announced today that the
 listing of its common stock has moved from the Nasdaq National Market to the
 Nasdaq Small Cap Market, effective Monday, April 23, 2001.  Granite will
 continue to trade under the stock symbol GBTVK.
 
     Granite Broadcasting Corporation (Nasdaq: GBTVK) 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.
 
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SOURCE Granite Broadcasting Corporation
    NEW YORK, April 20 /PRNewswire Interactive News Release/ --
 Granite Broadcasting Corporation (Nasdaq: GBTVK) announced today that the
 listing of its common stock has moved from the Nasdaq National Market to the
 Nasdaq Small Cap Market, effective Monday, April 23, 2001.  Granite will
 continue to trade under the stock symbol GBTVK.
 
     Granite Broadcasting Corporation (Nasdaq: GBTVK) 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.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X11784315
 
 SOURCE  Granite Broadcasting Corporation