The FeedRoom And Silicon Valley's KNTV Unveil Broadband Internet/TV News Channel

Business Wire, April 11, 2000

Business Editors

NEW YORK--(BUSINESS WIRE)--April 11, 2000

The FeedRoom, the first broadband news network on the Internet, is partnering with San Jose, Calif.-based KNTV, a progressive local station in the heart of Silicon Valley, to broadcast that station's wide-ranging video content 24 hours per day to high-speed Internet users.

According to the deal announced today, KNTV, San Jose's leading source of news programming for 40 years, will provide both packaged and unedited news, business, sports, weather and traffic video to The FeedRoom.com, which will then present the content in an arresting rich-media format, combining the best of television and the Internet.

This new partnership between The FeedRoom and Granite Broadcasting Corporation's (NASDAQ: GBTVK) KNTV News Channel 11, will provide San Jose viewers with unique interactive programming opportunities that The FeedRoom's broadband Internet platform enables.

"KNTV understands that broadcast news can finally evolve into a more interactive format that can be personalized for multiple audiences," said Jonathan Klein, president and CEO of The FeedRoom. "For the first time, KNTV will be able to broadcast to viewers who are away from their television, and provide exactly the stories those viewers want and need. The KNTV FeedRoom exemplifies the new standard for both TV broadcasters and Internet news providers."

The FeedRoom, poised to launch nationwide in the second quarter of 2000, capitalizes on the convergence of traditional and new media through the expertise of a top-tier management team, including former executives from CBS, NBC and Primedia. The FeedRoom aggregates the latest news and information from all media, including leading networks, local television and radio stations, cable channels and documentary producers, allowing visitors to choose and select their own, personalized newscast.

"Expanding the reach of our local and regional newscasts continues to be the goal as we work with The FeedRoom to bring TV and Internet news to the next level," said Stuart Beck, president and co-founder of Granite Broadcasting Corp.

Visitors who access The FeedRoom's KNTV Internet broadcast at www.feedroom.com, or through KNTV's Web site, www.kntv.com will be able to search through broadcasts and choreograph personalized news presentations, as well as receive pinpoint weather forecasts for their neighborhoods, hold virtual garage sales, upload resumes and search through video classifieds for Silicon Valley.

"Now, with the click of a button, San Jose residents and others around the world will be able to watch the latest South Bay-area news video, and understand the local impact of national and international events through The FeedRoom," added Daniel Webster, The FeedRoom's West Coast vice president, who is overseeing the KNTV project. "For the first time, viewers can direct their own newscast, selecting the features, sports and other information they are most interested in watching."

As a broadband-only site, The Feedroom offers:

- Personalized, interactive newscasts that put the audience in

the producer's chair

- Immersive links to in-depth information on the top stories

of the day

- Instant notification of major breaking news events

- Chats built around the news of the day

- Video email of the day's most powerful video

Recently, The FeedRoom has partnered with USATODAY.com and Reuters. Reuters will provide The FeedRoom with news video and text from its global news network, and USATODAY.com will provide text as well as animations using its famous eye-catching graphics.

About The FeedRoom

The FeedRoom, Inc. is an interactive broadband television news network, providing personalized righ-media newscasts to Internet users through its new Web site, www.FeedRoom.com and affiliated partners. The broadband-only site, set to launch in the second quarter of 2000, will aggregate video "feeds" from leading networks, local TV and radio stations, cable channels, program producers and print sources, placing those feeds into a consumer-friendly, easy-to-find location on the Web.

About Granite Broadcasting Corporation

Granite Broadcasting Corporation owns and operates nine television stations in geographically diverse markets reaching 6.5% of the nation's television households. Three stations are affiliated with the NBC Television Network (NBC), three with the ABC Television Network (ABC), one with the CBS Television Network (CBS) and two with the Warner Brothers Network (WB). 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, KNTV (TV), San Jose and Monterey-Salinas, California, 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. Granite is also recognized as an innovator in the development of new media services that combine television broadcasting and Internet platforms. The Company has previously entered into exclusive broadcast/Internet agreements with Yahoo! Inc., Career Mosaic, and CHEK, Inc. Granite currently has an ownership stake in e-commerce company mytvshop.com. Granite was the 1995 Black Enterprise Company of the Year and is number 8 on Black Enterprise Magazine's 1999 Industrial/Service 100 List.