UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ____________)*
GRANITE BROADCASTING CORP.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
387241102
(CUSIP Number)
Check the following box if a fee is being paid with the
statement. (A fee is not required only if the reporting person:
(1) has a previous statement on file reporting beneficial
ownership of more than five percent of the class of securities
described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7)
SCHEDULE 13G
CUSIP No. 387241102 Page 1 of 4 Pages
1.
NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
98-0191909
SOUNDSHORE HOLDINGS LTD
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
N/A (b)
3.
SEC USE ONLY
4.
CITIZEN OR PLACE OF ORGANIZATION
CORPORATION ORGANIZED AND EXISTING UNDER THE COMPANIES ACT
OF 1981 OF BERMUDA
NUMBER OF
SHARES
5. SOLE VOTING POWER
160,753 PREFERRED $1.9375 12/15/05 SERIES CONVERTIBLE
INTO 803,765 SHARES (COMMON)
BENEFICIALLY
OWNED BY
EACH
6. SHARED VOTING POWER
N/A
REPORTING
PERSON WITH
7. SOLE DISPOSITION POWER
160,753 PREFERRED $1.9375 12/15/05 SERIES CONVERTIBLE
INTO 803,765 SHARES (COMMON)
8. SHARED DISPOSITION POWER
N/A
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
160,753 PREFERRED $1.9375 12/15/05 SERIES CONVERTIBLE INTO
803,765 SHARES (COMMON)
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
N/A
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.67%
12.
TYPE OF REPORTING PERSON*
CO
* SEE INSTRUCTIONS BEFORE FILLING OUT
SCHEDULE 13G
Item 1: Security and Issuer
Granite Broadcasting Corp.
767 Third Avenue
34th Floor
New York, New York 10017
Item 2: Identity and Background
2(a) SoundShore Holdings Ltd.
2(b) 29 Richmond Road, Pembroke HM08 Bermuda
2(c) A corporation organized and existing under the Companies
Act of 1981 of Bermuda
2(d) Granite Broadcasting Corp.
2(e) 387241102
Item 3: SoundShore Holdings Ltd., is filing Form 13G as a
"Passive Investor". SoundShore Holdings Ltd. does not seek to
acquire or influence "control" of the issuer and own less than
10% of the class of securities.
Item 4: Ownership
4(a) 160,753 PREFERRED $1.9375 12/15/05 SERIES CONVERTIBLE
INTO 803,765 SHARES (COMMON)
4(b) 7.67%
4(c)(i) 160,753 PREFERRED $1.9375 12/15/05 SERIES CONVERTIBLE
INTO 803,765 SHARES (COMMON)
4(c)(ii) None
4(c)(iii) 160,753 PREFERRED $1.9375 12/15/05 SERIES CONVERTIBLE
INTO 803,765 SHARES (COMMON)
4(c)(iv) None
Item 5: Ownership of Five Person or Less of a Class
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following
Item 6: Ownership of More than Five percent on Behalf of
Another Person.
Not Applicable
Item 7: Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company.
Not Applicable
Item 8: Identification and Classification of Members of the
Group.
Not Applicable
Item 9: Notice of Dissolution of Group
Not Applicable
Item 10: Certification
The following certification shall be included if the statement is
filed pursuant to Rule 13D-1(b):
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having
such purpose or effect.
Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Date Signature
Andrew Gitlin/Director
Name/Title
The original statement shall be signed by each person on whose
behalf the statement is filed or his authorized representative.
If the statement is signed on behalf of a person by his
authorized representative other than an executive officer or
general partner of the filing person, evidence of the
representative's authority for this purpose which is already on
file with the Commission may be incorporated by reference. The
name and any title of each person who signs the statement shall
be typed or printed beneath his signature.
