Young Broadcasting

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Young Broadcasting
Type	Public NASDAQ: YBTVA
Founded	1986
Founder	Adam Young, Adam Young, Inc.
Headquarters
Key people	Vincent Young
Industry	Media
Services	TV stations
Website	http://www.youngbroadcasting.com

Young Broadcasting NASDAQ: YBTVA is an American holding company that operates 13 television stations. Though the company is publicly held, it is the outgrowth of the ad representation/invest firm Adam Young, Inc. which was founded in 1944 by Adam Young and is currently run in part by his son Vincent. Young Broadcasting entered station ownership in 1986 and in 1999 set the record for the purchase of a single station with their purchase of KRON in San Francisco, California for $823 million from Chronicle Broadcasting. On January 10, 2008, Young Broadcasting announced that they intend to sell KRON. Broadcasting experts anticipate Young will sell the station as a huge loss, possibly as much as 40 percent.

[edit] TV stations currently owned by Young Broadcasting

Current DMA#	Market	Station	Channel (DT)	Current Affiliation	Acquired	Notes
6.	San Francisco, California	KRON-TV †	4 (19)	MyNetworkTV	2000	Was NBC until 2001, then independent 2002-2006. Became a MyNetwork affiliate on 9/5/06. FLAGSHIP
30.	Nashville, Tennessee	WKRN	2 (17)	ABC	1989
56.	Albany, New York	WTEN †	10 (26)	ABC	1989
	Adams, Massachusetts	WCDC †	19 (36)	ABC	1989	Satellite of WTEN
58.	Knoxville, Tennessee	WATE	6 (26)	ABC	1993
59.	Richmond, Virginia	WRIC-TV	8 (22)	ABC	1993
70.	Green Bay, Wisconsin	WBAY †	2 (23)	ABC	1993
96.	Davenport, Iowa	KWQC-TV	6 (56)	NBC	1995
112.	Lansing, Michigan	WLNS-TV	6 (59)	CBS	1986	First station purchased by Young (with WKBT)
114.	Sioux Falls, South Dakota	KELO-TV	11 (32)	CBS	1996	My Network TV on 32.2
	Florence, South Dakota	KDLO	3 (2)	CBS	1996	Satellite of KELO-TV
	Reliance, South Dakota	KPLO	6 (14)	CBS	1996	Satellite of KELO-TV
123.	Lafayette, Louisiana	KLFY	10 (56)	CBS	1988
177.	Rapid City, South Dakota	KCLO	15 (16)	CBS	1996	Satellite of KELO-TV

† - These stations will broadcast Retro Television Network on their digital subchannels beginning October 2007 [1][2][3].

[edit] Former Young Broadcasting Stations

Market	Station	Channel	Affiliation	Owned by Young	Sold To	Current Ownership	Notes
Los Angeles, California	KCAL-TV	9	Independent	1996-2002	CBS Corporation	CBS	Operated with KCBS-TV
Rockford, Illinois	WTVO	17	NBC, ABC	1986-2004	Mission Broadcasting	Mission Broadcasting	Controlled by Nexstar-owned WQRF
LaCrosse, Wisconsin	WKBT	8	CBS	1986-99	Morgan Murphy Media	Morgan Murphy Media

All of these sales were done to either finance or pay off debt pertaining to the KRON purchase. For several years, rumors of the company either leaving broadcasting, selling off more stations, or being bought have circulated though any future deals remain to be seen. Ironically however, KRON itself has been put up for sale. Most analysis feel that the debt of the company may exceed the value of their assets.