Granite seeks sale of Detroit WB affil

Broadcaster looks for buyer

NEW YORK — Granite Broadcasting said Monday it has retained investment bank Goldman Sachs to look for a buyer for WDWB-TV, Granite’s WB affiliate in Detroit, the nation’s 10th largest television market.

Granite said proceeds from the sale will go toward reducing debt.

The Gotham-based company’s stock rose 7.14% to $1.50 on Monday.

Granite owns nine stations covering 7% of TV households.

More TV

  • BBC Studios Shakes Up Content Team

    BBC Studios Shakes Up Management Team, Hands Mark Linsey New Role

    NEW YORK — Granite Broadcasting said Monday it has retained investment bank Goldman Sachs to look for a buyer for WDWB-TV, Granite’s WB affiliate in Detroit, the nation’s 10th largest television market. Granite said proceeds from the sale will go toward reducing debt. The Gotham-based company’s stock rose 7.14% to $1.50 on Monday. Granite owns […]

  • LEGION -- "Chapter 10" - Season

    'Legion': Jeph Loeb, Nathaniel Halpern Talk 'X-Men' Universe Connections

    NEW YORK — Granite Broadcasting said Monday it has retained investment bank Goldman Sachs to look for a buyer for WDWB-TV, Granite’s WB affiliate in Detroit, the nation’s 10th largest television market. Granite said proceeds from the sale will go toward reducing debt. The Gotham-based company’s stock rose 7.14% to $1.50 on Monday. Granite owns […]

  • JD Pardo Mayans MC

    ‘Mayans MC’ Creator Kurt Sutter Reveals How He Cast Series Lead JD Pardo

    NEW YORK — Granite Broadcasting said Monday it has retained investment bank Goldman Sachs to look for a buyer for WDWB-TV, Granite’s WB affiliate in Detroit, the nation’s 10th largest television market. Granite said proceeds from the sale will go toward reducing debt. The Gotham-based company’s stock rose 7.14% to $1.50 on Monday. Granite owns […]

  • Exclusive - All AroundMandatory Credit: Photo

    Nicole Maines on Why the ScarJo Casting Controversy Matters

    NEW YORK — Granite Broadcasting said Monday it has retained investment bank Goldman Sachs to look for a buyer for WDWB-TV, Granite’s WB affiliate in Detroit, the nation’s 10th largest television market. Granite said proceeds from the sale will go toward reducing debt. The Gotham-based company’s stock rose 7.14% to $1.50 on Monday. Granite owns […]

  • No Merchandising. Editorial Use Only. No

    Elmarie Wendel, '3rd Rock From the Sun' Actress, Dies at 89

    NEW YORK — Granite Broadcasting said Monday it has retained investment bank Goldman Sachs to look for a buyer for WDWB-TV, Granite’s WB affiliate in Detroit, the nation’s 10th largest television market. Granite said proceeds from the sale will go toward reducing debt. The Gotham-based company’s stock rose 7.14% to $1.50 on Monday. Granite owns […]

  • Gabrielle Carteris

    SAG-AFTRA Board Approves Deals on Non-Primetime TV, Telemundo

    NEW YORK — Granite Broadcasting said Monday it has retained investment bank Goldman Sachs to look for a buyer for WDWB-TV, Granite’s WB affiliate in Detroit, the nation’s 10th largest television market. Granite said proceeds from the sale will go toward reducing debt. The Gotham-based company’s stock rose 7.14% to $1.50 on Monday. Granite owns […]

More From Our Brands

Access exclusive content