GRANITE BROADCASTING CORP

election_required = True...he depositary would not only avoid the payment of brokerage commissions, but also would avoid any applicable odd lot discounts in a sale of the odd lot holder's shares. Any odd lot holder wishing to tender all of its shares pursuant to the tender offer should complete the section entitled "Odd Lots" in the letter of transmittal and, if applicable, in the notice of guaranteed delivery. Granite Broadcasting also reserves the right, but will not be obligated, to purchase all shares duly tendered by any stockholder that tenders all shares owned beneficially or of record at or below the purchase price and that, as a result of proration, then would own beneficially o...

expiry = 2002-06-17...OF ITS 12.75% CUMULATIVE EXCHANGEABLE PREFERRED STOCK AT A PURCHASE PRICE NOT GREATER THAN $670 NOR LESS THAN $590 PER SHARE BY GRANITE BROADCASTING CORPORATION THE TENDER OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON MONDAY, JUNE 17, 2002, UNLESS THE TENDER OFFER IS EXTENDED. Granite Broadcasting Corporation, a Delaware corporation, is offering to purchase for cash up to 45,000 shares of its 12.75% Cumulative Exchangeable Preferred Stock (each share having a $1,000 liquidat...

price = USD 590.0-670.0...t this time that it will declare or pay cash dividends. SECTION 8. SOURCE AND AMOUNT OF FUNDS. Assuming that the maximum 45,000 shares are purchased in the tender offer at a price between $590 and $670 per share, the aggregate purchase price will be between approximately $26.55 million and $30.15 million. Granite Broadcasting anticipates that it will obtain all of the funds necessary to purchase shares tendered in the tender of...

threshold = 100...the price or prices at which you may choose to tender your shares. You must make your own decision as to whether to tender your shares and, if so, how many shares to tender and the price or prices at which your shares should be tendered. See Section 10. If I own fewer than 100 shares and I tender all my shares, will I be subject to proration? If greater than 45,000 shares, or such greater number of shares as we may elect to purchase, have been properly tendered at or below the purchase price and not withdrawn, we will first purchase shares tendered by odd lot holders. We will then purchase all other shares on a pro r...

txn_type = TENDER_OFFEREX-99.(A)(1)(I) 3 a2080561zex-99_a1i.txt EXHIBIT 99(A)(1)(I) Exhibit 99(a)(1)(i) OFFER TO PURCHASE FOR CASH UP TO 45,000 SHARES OF ITS 12.75% CUMULATIVE EXCHANGEABLE PREFERRED STOCK AT A PURCHASE PRICE NOT GREATER THAN $670 NOR LESS THAN $590 PER SHARE BY GRANITE BROADCASTING CORPORATION THE TENDER OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON MONDAY, JUNE 17, 2002, UNLESS THE TENDER OFFER IS EXTENDED. G...