Grant Broadcasting

Grant Broadcasting System II (also referred to as Grant Communications and Grant Company) was an owner of various television stations in the United States, Based in Roanoke, Virginia.

Grant Broadcasting was founded in 1990 by Milton Grant (May 13, 1923 — April 28, 2007), who, in addition to being President of Grant Broadcasting, also served as President and General Manager for many of his stations.

History

Milton Grant began his career as a radio news director in his hometown of New York City. In the early 1950s he moved to Washington, D.C., where he became the host of several music programs, one of which (America's First Teen Radio Network) was heard simultaneously on four of the city's radio stations
WPGC
WAVA, WINX, and WEEL. Grant moved to television in 1956 when he hosted a popular dance program for WTTG, '' The Milt Grant Show'', which ran until 1961.

Grant's first foray into station ownership first came in 1966 when his new company, the Capitol Broadcasting Corporation, established WDCA-TV. That station was sold to the Superior Tube Company in 1969, but Grant remained with the station as its General Manager until WDCA was sold to Taft Broadcasting in 1979.

In 1981, Grant was part of an investment group who launched KTXA in Fort Worth, Texas (in 1981) and KTXH in Houston (in 1982). Grant both sold stations to Gulf Broadcasting in 1985 and days later these two stations were sold in a group deal to Taft Broadcasting.

In 1985, while preparing for the sale of KTXA and KTXH, Grant started the original Grant Broadcasting System, beginning with the sign-on of WBFS-TV in Miami in 1984, and later with the 1985 acquisitions of WGBO-TV in Joliet, Illinois (a suburb of Chicago), and WGBS-TV in Philadelphia. However, in 1987, this first incarnation of Grant Broadcasting went bankrupt after overpaying for syndicated programming, while its competitors took the best barter programming. The situation was particularly dire in Chicago, where all of WGBO's competitors picked the barter programming slate clean.

In 1989, Grant's creditors repossessed the stations after Grant failed to meet the bankruptcy agreements. The creditors reorganized Grant Broadcasting as "Combined Broadcasting" (no relation to the earlier "Combined Communications", which was merged into the Gannett Company in 1990, while WGBS and WBFS were bought by Viacom in 1995. Viacom had been part-owner of Combined and owned the bulk of Grant's original inventory of syndicated programming; in effect, Viacom bought its partners' stakes in Combined.

In 1990, Grant started to rebuild his broadcasting empire, under the name "Grant Communications", later renamed "Grant Broadcasting System II" (the "II" representing his second try to build a chain). His first station was Huntsville, Alabama's WZDX, which he acquired in March 1990. In 1996, Grant acquired Buffalo's WB affiliate, WNYO-TV (now affiliated with MyNetworkTV), but he later sold the station to Sinclair Broadcast Group in 2001.

On November 6, 2013, Nexstar Broadcasting Group announced that it would purchase the Grant stations for $87.5 million. Due to Federal Communications Commission ownership regulations, one of the stations, KLJB, was spun off to Marshall Broadcasting Group, but is operated by Nexstar through a shared services agreement. The sale was completed on December 1, 2014.Consummation Notice
''CDBS Public Access'' Federal Communications Commission, Retrieved 3 December, 2014.

Grant Broadcasting stations used to share a distinctive logo style: even the original three Grant stations (WBFS, WGBO, and WGBS) used this style. It consists of a colored channel number with white extensions around it mimicking the edges of the channel number. In later years, the extensions were removed from their logos (though the numbers remained in the same typeface).

* NOTE: Prior to Nexstar's acquisition, all of Grant's Fox affiliates had news share agreements with ABC- or NBC-affiliated stations in their respective markets.

Former Grant-owned stations

Stations are arranged alphabetically by state and by city of license.

References

External links

KLJB — biography of Milton Grant

{{NXST TV, state=collapsed

Defunct broadcasting companies of the United States
Companies based in Roanoke, Virginia
Mass media companies disestablished in 2014
2014 mergers and acquisitions
Nexstar Media Group