BNET Industries

Young Broadcasting Inc.

(YBTVA) is in the Media Industry

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
Contact Information

599 Lexington Ave

New York, New York 10022

www.youngbroadc...

(212) 754-7070

NAICS Code Television Broadcasting: 515120

Recent Events

  • News Shows Replacing Syndicated Fare

    4/18/09 - Bankruptcy Filings - View Story

  • NBC's Boston affiliate says no to Leno

    4/03/09 - Bankruptcy Filings - View Story

  • CBS: Harbinger for Bad 'Local' Forecast?

    2/22/09 - Bankruptcy Filings - View Story

  • Nashville's WKRN Channel 2 won't lose jobs in bankruptcy

    2/17/09 - Bankruptcy Filings - View Story

News & Analysis

young broadcasting inc. - All News and Analysis

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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