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Investor Relations

SEC Filings

10-K
GRAHAM HOLDINGS CO filed this Form 10-K on 03/29/1994
Entire Document
 
<PAGE>   4
                            TELEVISION BROADCASTING

    Through wholly owned subsidiaries the Company owns four VHF television
stations located in Detroit, Michigan; Miami, Florida; Hartford, Connecticut;
and Jacksonville, Florida; which are respectively the 9th, 16th, 25th and 54th
largest broadcasting markets in the United States.  Each of the Company's
stations is affiliated with a national network.  Although network affiliation
agreements generally have limited terms, such agreements typically are renewed
and each of the Company's television stations has maintained its network
affiliation continuously for at least twenty years.

    The Company's 1993 net operating revenues from television advertising, by
category, were as follows:


<TABLE>
     <S>                                               <C>
     National   ...................................    $ 85,804,000
     Local      ...................................      80,557,000
     Network    ...................................       7,808,000
                                                       ------------
         Total  ...................................    $174,169,000
</TABLE>
                                           

     The following table sets forth certain information with
respect to each of the Company's television stations:


<TABLE>
<CAPTION>
     
           
     TATION 
     OCATION                                                                          TOTAL COMMERCIAL
     ND YEAR                 NATIONAL                  EXPIRATION   EXPIRATION        STATIONS IN DMA(B)   
     OMMERCIAL               MARKET                    DATE OF       DATE OF       ------------------------
     PERATION                RANKING     NETWORK         FCC         NETWORK
     OMMENCED                  (A)     AFFILIATION     LICENSE      AGREEMENT      ALLOCATED      OPERATING
     --------                --------  -----------     -------      ---------      ---------      ---------
      <S>                     <C>        <C>            <C>        <C>               <C>           <C>
      WDIV                      9th        NBC           Oct. 1,     June 30,         VHF-4         VHF-4
      Detroit, Mich.                                       1997         1994          UHF-6         UHF-5
      1947                                                                          
                                                                                    
      WPLG                     16th        ABC           Feb. 1,     April 2,         VHF-5         VHF-4
      Miami, Fla.                                          1997       1995(c)         UHF-8         UHF-7
      1961                                                                          
                                                                                    
      WFSB                     25th        CBS          April 1,    April 10,         VHF-2         VHF-2
      Hartford, Conn.                                      1994       2002            UHF-6         UHF-4
      1957                                                                          
                                                                                    
      WJXT                     54th        CBS           Feb. 1,     July 10,         VHF-2         VHF-2
      Jacksonville, Fla.                                   1997       2001            UHF-7         UHF-4
      1947                                                                          
</TABLE>

      -------------
          (a) Source: 1993/94 DMA Market Rankings, Nielsen Media
       Research, Fall 1993, based on television homes in DMA (see
       note (b) below).
      
          (b) Designated Market Area ("DMA") is a market
       designation of A.C. Nielsen which defines each television
       market exclusive of another, based on measured viewing
       patterns.

          (c) Agreement may be terminated at any time by either
       party on six months' prior notice.
      




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