When CapCities owned WKBW radio and TV they were the killer stations in the Buffalo market. Subsequent owners served them poorly. Price Communications plunged KB Radio into oblivion through corporate financial mismanagement (enabling Entercom to pick it up for a song and use it as a defensive blocker protecting WBEN and WGR), and it looks like Granite did likewise with both WKBW-TV in Buffalo, and WTVH (formerly WHEN-TV, half of another former killer radio-TV combo that owned Central NY under Ted Meredith's ownership) in Syracuse.
All good arguments to roll back the ownership rules and limit the number of stations owned by any one company in a market to one of each per band (1 AM, 1 FM, 1 TV) and also limit the number of markets for a company to a reasonable figure...and impose minimum standards of fiscal health for licensees like we used to see back in the day.