Press Release

Business Wire  –  Mon Dec 15 15:34:00 CST 2008

Time Warner Cable and Granite Broadcasting Corporation Reach Agreement

NEW YORK (BUSINESS WIRE) --

Time Warner Cable and Granite Broadcasting Corporation are pleased to announce an agreement to continue to provide broadcast television programming in several New York State markets, including ABC programming in Buffalo and CBS programming throughout Syracuse and Binghamton. Time Warner Cable also will launch the digital feed of WBNG, which will bring CBS programming in high definition to Binghamton customers.

“This agreement will allow our subscribers to continue to see some of their favorite programming without interruption,” said Andrew Rosenberg, Vice President of Programming for Time Warner Cable.

“We are very pleased that we were able to complete this mutually beneficial arrangement with Time Warner Cable. This agreement is good for the communities we serve and was accomplished with cooperation and collaboration by both parties,” said Don Cornwell, Chairman and Chief Executive Officer of Granite.

About Time Warner Cable

Time Warner Cable is the second-largest cable operator in the U.S., with technologically advanced, well-clustered systems located mainly in five geographic areas — New York State (including New York City), the Carolinas, Ohio, southern California (including Los Angeles) and Texas. As of September 30, 2008, Time Warner Cable served approximately 14.7 million customers who subscribed to one or more of its video, high-speed data and voice services, representing approximately 34.2 million revenue generating units.

About Granite

Granite Broadcasting Corporation owns and operates, or provides programming, sales and other services to 23 channels in the following 11 markets: San Francisco, California; Detroit, Michigan; Buffalo, New York; Fresno, California; Syracuse, New York; Utica, New York; Binghamton, New York; Elmira, New York; Fort Wayne, Indiana; Peoria, Illinois; and Duluth, Minnesota-Superior, Wisconsin. The Company’s channel group includes affiliates of NBC, CBS, ABC, CW and My Network TV, and reaches approximately 6% of all U.S. television households.