BNET Industries
Last Fiscal Year Sales:$190.7M
- 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. ...
CEOVincent Young
Number of Employees 970
Peer Companies
NAICS Code Television Broadcasting: 515120
Recent Events
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News Shows Replacing Syndicated Fare
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NBC's Boston affiliate says no to Leno
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CBS: Harbinger for Bad 'Local' Forecast?
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Nashville's WKRN Channel 2 won't lose jobs in bankruptcy
News & Analysis
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young broadcasting inc. - All News and Analysis
Young Broadcasting Inc. Receives NASDAQ Notice of Non-Compliance
NEW YORK -- Young Broadcasting Inc. (the "Company") today announced that on August 14, 2008, the Company received a notice of non-compliance from the Listing Qualifications Staff of The NASDAQ Stock Market (the "Staff") stating that the Company had not regained compliance with the $1.00 per share minimum bid price...
Young Broadcasting Inc. Will Hold Conference Call to Discuss First Quarter Earnings
NEW YORK -- Young Broadcasting Inc. ("YBI") (NASDAQ:YBTVA) has scheduled a conference call for Tuesday, May 6, 2008 at 3:00 PM ET following the release of its first quarter earnings report. The Company's press release will be issued through Business Wire at 7:00 AM that day. The full text of...
Young Broadcasting Inc. Q4 2007 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Our first question is from Bishop Cheen - Wachovia. Bishop Cheen - Wachovia The cash balance, the exact debt numbers, but especially the cash seems important at 12/31, and also if there any significant cash inflows or outflows other than normal...
Young Broadcasting Inc. Will Hold Conference Call to Discuss Fourth Quarter Earnings
NEW YORK -- Young Broadcasting Inc. ("YBI") (NASDAQ:YBTVA) has scheduled a conference call for Friday, March 7, 2008 at 11:00 AM ET following the release of its fourth quarter earnings report. The Company's press release will be issued through Business Wire at 7:00 AM that day. The full text of...
Young Broadcasting Inc. Will Hold Conference Call to Discuss First Quarter Earnings
NEW YORK -- Young Broadcasting Inc. ("YBI") (NASDAQ:YBTVA) has scheduled a conference call for Monday May 7, 2007 at 10:00 AM ET following the release of its first quarter earnings report. The Company's press release will be issued through Business Wire at 7:00 AM that day. The full text of...
Young Broadcasting Inc. Will Hold Conference Call to Discuss Second Quarter Earnings
NEW YORK -- Young Broadcasting Inc. ("YBI") (NASDAQ:YBTVA) has scheduled a conference call for Monday, August 8, 2005 at 11:00 AM ET following the release of its second quarter earnings report. The Company's press release will be issued through Business Wire at 7:00 AM that day. The full text of...
Young Broadcasting Inc. Will Hold Conference Call to Discuss First Quarter Earnings
Business Editors NEW YORK--BUSINESS WIRE--April 30, 2004 Young Broadcasting Inc. ("YBI") (NASDAQ:YBTVA) has scheduled a conference call for Monday, May 10, 2004 at 11:00 AM ET immediately following the release of its first quarter earnings report. The Company's press release will be issued through Business Wire at 7:00...
Young Broadcasting Inc. Will Hold Conference Call to Discuss First Quarter Earnings
Business Editors NEW YORK--BUSINESS WIRE--May 8, 2002 Young Broadcasting Inc. ("YBI") (NASDAQ:YBTVA) has scheduled a conference call for Tuesday, May 14, 2002 at 11:00 AM ET immediately following the release of its first quarter earnings report. The Company's press release will be issued through Business Wire at...
Young Broadcasting Inc. Will Hold Conference Call to Discuss Third Quarter Earnings
Business Editors NEW YORK--BUSINESS WIRE--Oct. 30, 2001 Young Broadcasting Inc. ("YBI") (NASDAQ:YBTVA) has scheduled a conference call for Wednesday, November 7th at 11:00 AM ET immediately following the release of its third quarter earnings report. The Company's press release will be issued through Business Wire at 7:00...
Young Broadcasting Inc. Will Hold Conference Call to Discuss Second Quarter Earnings
Business Editors NEW YORK--BUSINESS WIRE--Aug. 1, 2001 Young Broadcasting Inc. ("YBI") (NASDAQ:YBTVA) has scheduled a conference call for Thursday, August 9th at 11:00 AM ET immediately following the release of its second quarter earnings report. The Company's press release will be issued through Business Wire at 7:00...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Vincent Young | CEO |
| Deborah A. McDermott | President and Director |
| James A. Morgan | Cfo, Secretary & Executive Vice President |
| Peter Grazioli | CIO & Vice President, It |
| Brian Greif | Vice President, News |
| Christopher Eisenhardt | Vice President, Controller, Assistant Secy. |
| Dan Batchelor | Vice President, Sales |
| Robert Peterson | Vice President, Business Dev |
| Richard C. Lowe | Partner of the Law Firm of King & Ballow |
| Reid Murray | Alexander T. Mason |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Alexander T. Mason | Board of Directors |
| Alfred J. Hickey Jr. | Board of Directors |
| David C. Lee | Board of Directors |
| David T. Lee | Board of Directors |
| Jeffrey S. Amling | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Young Broadcasting, Inc. | CEO | Current |
| Young Broadcasting, Inc. | Chairman and Director (Principal Executive Officer) | Current |
| Young Broadcasting, Inc. | Board of Directors | Current |
DEBORAH A. MCDERMOTT was named President of Young Broadcasting Inc. on April 1, 2004, after having served as Executive Vice President-Operations for Young Broadcasting Inc. since May 1996. Her responsibilities include the operations of Young Broadcasting's ten stations and group programming. Ms. McDermott is also instrumental in developing operating plans for prospective television station acquisitions. Prior to serving as Executive Vice President-Operations for the Company, she was Vice President and General Manager of Young Broadcasting's WKRN-TV in Nashville, TN. In addition to her responsibilities with Young Broadcasting Inc., Ms. McDermott is past Chair of the ABC Affiliate Board of Governors and is past president of the National Association of Television Programming Executives (NATPE). Ms. McDermott is the winner of many prestigious awards including two Emmys, A Women's Political Caucus Award, MTSU Women of Achievement Award and an American Advertising Federation Governor's Award.
| Organization | Position | Status |
|---|---|---|
| Young Broadcasting, Inc. | President and Director | Current |
| The Broadcasters | Board of Directors | Current |
| Young Broadcasting, Inc. | Board of Directors | Current |
| Young Broadcasting, Inc. | Vice President | Former |
| Young Broadcasting, Inc. | General Manager | Former |
| Organization | Position | Status |
|---|---|---|
| Young Broadcasting, Inc. | Cfo, Secretary & Executive Vice President | Current |
| Young Broadcasting, Inc. | Board of Directors | Current |
| JPMorgan Chase & Co. | Investment Officer | Former |
| JPMorgan Chase & Co. | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Young Broadcasting, Inc. | CIO & Vice President, It | Current |
| Organization | Position | Status |
|---|---|---|
| Young Broadcasting, Inc. | Vice President, News | Current |
| Frank N. Magid Associates | Senior Vice President | Former |
| Who-TV | Former |
| Organization | Position | Status |
|---|---|---|
| Young Broadcasting, Inc. | Vice President, Controller, Assistant Secy. | Current |
| Organization | Position | Status |
|---|---|---|
| Young Broadcasting, Inc. | Vice President, Sales | Current |
| WLNS-TV | General Manager | Former |
| WLNS-TV | General Manager | Former |
| Wilx | Account Manager | Former |
| Witl | Account Manager | Former |
Robert Peterson was appointed Vice President-Business Development of Young Broadcasting on May 19, 2003. Mr. Peterson, in addition to his role as Vice President-Business Development, serves as President and General Manager of WRIC-TV, Richmond, VA. Previously, he worked in the Capital Region for Young Broadcasting's WTEN-TV in Albany, NY, holding the positions of Business Manager, Program Director and President-General Manager at the station. Mr. Peterson's broadcasting career began in 1976 with Outlet Broadcasting-owned WJAR-TV in Providence, RI.
| Organization | Position | Status |
|---|---|---|
| WRICTV8 | President | Current |
| Young Broadcasting, Inc. | Vice President, Business Dev | Current |
| WRICTV8 | General Manager | Current |
| Young Broadcasting, Inc. | President, Business Development | Former |
| Organization | Position | Status |
|---|---|---|
| King-Ballow Online | Partner In the Law Firm of King & Ballow | Current |
| King & Ballow | Partner | Current |
| Young Broadcasting, Inc. | Partner of the Law Firm of King & Ballow | Current |
| Young Broadcasting, Inc. | Director | Current |
| The University of Tennessee | Undergraduate Degree | Former |
| The University of Tennessee College of Law | Degree | Former |
Mr. Murray, age 45, is a senior advisor with PNC Advisors, the money management group of PNC Bank, NA. Prior to joining PNC, he was a Managing Director of CIBC World Markets Investment Banking, specializing in broadcasting, cable and publishing.
| Organization | Position | Status |
|---|---|---|
| PNC Advisors | Senior Advisor | Current |
| Young Broadcasting, Inc. | Alexander T. Mason | Current |
| Young Broadcasting, Inc. | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Young Broadcasting, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Young Broadcasting, Inc. | Board of Directors | Current |
| Legg Mason, Inc. | Vice President Institutional Sales | Former |
| Organization | Position | Status |
|---|---|---|
| Young Broadcasting, Inc. | Board of Directors | Current |
| Insight Communications Company, Inc. | Board of Directors | Current |
| Young Broadcasting, Inc. | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Young Broadcasting, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Young Broadcasting, Inc. | Board of Directors | Current |
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