Young Broadcasting Inc.

• Public
• US

Dow Jones Description

Utilizing a disciplined acquisition strategy to build a formidable station group, Young Broadcasting Inc. (NASDAQ: YBTVA), since it was founded in 1986 by Vincent and Adam Young, has blossomed into one of the largest and fastest growing broadcast station groups in America. This strategy has become increasingly more important as the role of a station group has expanded significantly due to the consolidation of station ownership. With the addition of KRON-TV in San Francisco, Young Broadcasting owns and operates ten television stations in geographically diverse markets, and the national television representation firm, Adam Young Inc., with a total U.S. television household coverage of 6.02%. The company is the fifteenth largest television group based on coverage (excluding network, religious, home shopping and foreign language station groups). Concerning its station acquisition and management policies, Young Broadcasting has achieved an industry reputation for purchasing stations at below market multiples and operating stations at profit levels superior to those achieved by the prior station owners. Due in large part to its aggressive cost controls as well as an emphasis on targeted marketing and strong local presence in the individual station's communities, Young Broadcasting currently achieves broadcast cash flow margins that are among the highest in the nation. ...

Number of Employees 970

Contact Information

Peer Companies

• CBS Corp.
• British Sky Broadcasting Group
• Clear Channel Communications Inc.
• iTV Plc.
• Grupo Televisa
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