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Home > Company Index > Media > TV Broadcasting > Young Broadcasting Inc.

Young Broadcasting Inc.
Nasdaq: YBTVA
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 NEWS FROM THE WIRES
Young Broadcasting earnings fall on ad weakness
Aug 09 2001 08:33 AM PDT

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 PROFILE
There's nothing juvenile about Young Broadcasting. Founded in 1986 by chairman Vincent Young and his father Adam (both veterans of the TV industry), the company owns 12 TV stations across several geographic markets. Young Broadcasting's collection of stations includes six ABC affiliates, three CBS affiliates, and two NBC affiliates. It also owns one independent station, KCAL in Los Angeles, which is the sole independent VHF station in its market, and is known to local sports fans as the broadcaster of LA Lakers and LA Clippers games. Its 2000 purchase of KRON in San Francisco also netted the firm 51% of regional cable channel BayTV, which was shut down the following year. The Young family owns about 59% of the company.

 COMPETITION
Hearst-Argyle Television, Inc. (HTV)
Hubbard Broadcasting Inc. (dossier)
Sinclair Broadcast Group, Inc. (SBGI)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 372.70
1-Yr. Sales Growth: 32.8%
Employees: 1,800
Revenue per employee: $207,055.56

 KEY PEOPLE
• Vincent J. Young
    CEO
• James A. Morgan
    CFO

 CONTACT INFO
599 Lexington Ave.
New York, NY 10022
US
Phone: 212-754-7070
Fax: 212-758-1229

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