Granite Broadcasting Corporation Retains Kevin O'Brien as Consultant

Granite Broadcasting Corporation Retains Kevin O'Brien as Consultant

NEW YORK, Sept. 23 /PRNewswire-FirstCall/ -- Granite Broadcasting Corporation (BULLETIN BOARD: GBTVK) announced today that it has engaged Kevin O'Brien to serve as a consultant to its stations, including the WB stations. Mr. O'Brien will work closely with John Deushane, Granite's Chief Operating Officer on programming acquisitions and strategic sales initiatives for 2006.

Commenting on today's announcement, Mr. Deushane said, "Granite has done a good job in reducing expenses over the last few years, and we've worked diligently to improve our stations with important strategic alliances such as our partnership with the Detroit Pistons and other local programming initiatives. We are excited that Kevin, with his extensive knowledge of the industry, is available to assist us in further positioning our stations for future growth."

W. Don Cornwell, Chief Executive Officer of Granite Broadcasting Corporation, said, "Kevin is a gifted operator with over 38 years of broadcasting experience, including many years of direct experience and excellent relationships in the San Francisco and Detroit markets. His background in independent television and his contacts in the industry are very valuable and will greatly enhance the current positive momentum at our stations."

Granite Broadcasting Corporation (BULLETIN BOARD: GBTVK) owns and operates, or provides programming, sales and other services to 13 channels in the following 8 markets: San Francisco, California; Detroit, Michigan; Buffalo, New York; Fresno, California; Syracuse, New York; Fort Wayne, Indiana; Peoria, Illinois; and Duluth, Minnesota-Superior, Wisconsin. The Company's station group includes affiliates of the NBC, CBS, ABC, WB and UPN networks, and reaches approximately 6% of all U.S. television households.

This press release and related statements by management contain forward- looking statements, which represent the Company's expectations or beliefs concerning future events. Forward-looking statements include information preceded by, followed by, or that includes the words "believe", "expect", "anticipate", "intend", "plan", "foresee", "likely", "will", "should" or other similar words or phrases. While we believe these judgments are reasonable, the Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. Such factors include, without limitation, general economic conditions, competition in the markets in which the Company's stations are located, technological change, pricing fluctuations in national and local advertising, innovation in the broadcasting industry, geopolitical factors and changes in laws, regulations and tax rates. Consequently, all forward-looking statements made herein are qualified by these cautionary statements and the cautionary language set forth in the Company's most recent Annual Report on Form 10K filed with the Securities and Exchange Commission ("SEC"), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. There can be no assurance that the actual results, events or developments referenced herein will occur or be realized. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in assumptions or changes in factors affecting such forward-looking statements.

Source: Granite Broadcasting Corporation

CONTACT: Press, W. Don Cornwell, or Analyst, Larry Wills, both for Granite Broadcasting Corporation, +1-212-826-2530

Web site: http://www.granitetv.com/

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