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Gannett, NBC Reach Deal.


Gannett Co., owner of 21 U.S. television stations, said it struck a six-year affiliation affiliation (fil´ēā´sh  agreement with NBC NBC
 in full National Broadcasting Co.

Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network.
 that reduces the amount of money the network pays Gannett to distribute its programming.

With 13 NBC affiliates, Gannett has the largest group of NBC stations outside of network parent General Electric Co.

NBC, like the other big TV networks, is pushing its affiliates to help pay for escalating programming costs. Earlier this month, TV-station owner Granite granite, coarse-grained igneous rock of even texture and light color, composed chiefly of quartz and feldspars. It usually contains small quantities of mica or hornblende, and minor accessory minerals may be present.  Broadcasting Corp. agreed to pay NBC $362 million during the next 10 years to air the network's programs on certain stations.
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Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Mar 6, 2000
Words:96
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