Warner Bros.

Washington, DC: (Feb-07-07) Granite Broadcasting Corp. sued Warner Bros. (WB) in 2006 over its decision not to extend the terms of the network-affiliation pacts, which damaged Granite and its units, costing Granite $180 million. At the time, Granite was in a deal to sell its San Francisco and Detroit stations to AM Media Holdings LLC for $180 million. The lawsuit followed the network's announcement of the merging of the UPN and WB television networks -- the combined entity is called the CW. The lawsuit was filed against WB, WB Communications, CBS and Time Warner Inc., a unit Warner Bros. WB accused Granite of defaulted payments. A bankruptcy judge in Washington ordered WB to pay Granite Broadcasting $15.5 million to settle the lawsuit filed in Delaware's Chancery Court. [YAHOO BUSINESS: WARNER CONTRACT]

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