Mar 26, 2001  •  Post A Comment

In “Granite gets time to pay the Peacock” (EM, March 12), the present value of Granite Broadcasting’s reverse compensation deal with NBC is $262 million. The annual payments Granite will make to NBC after 2005 will graduate from $36 million in 2006 to $41.5 million in 2010, when the affiliation pact ends.