Time Warner, owner of the defunct WB network, has agreed to pay $13.2 million to the parent company of San Francisco’s TV20 to settle a lawsuit, the Detroit Free Press reports today. Parent company Granite Broadcasting Corp. was planning to sell TV20 and a Detroit station to a group led by former KTVU general manager Kevin O’Brien for $180 million when the WB announced it was canceling its affiliation agreements and shutting down. The loss of the WB network in San Francisco and Detroit caused the deal with O’Brien to fall through. So Granite sued WB and its parent, Time Warner. Since the suit was filed, Granite entered Chapter 11 bankruptcy proceedings, and it decided to settle the suit now for $13.2 million “to avoid the necessity, inconvenience and attendant risk and expense associated with further litigation,” according to papers that were filed Friday in the U.S. Bankruptcy Court in New York. [Press Club, Dec. 20: KGO-TV to launch 9 p.m. news on TV20]

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