Young Broadcasting
Young Broadcasting, LLC is an American telecommunications company that owns and operates 11 television stations in 11 markets with a total U.S. television household coverage of 5.9%, the company is a subsidiary of New Young Broadcasting Holding Co, Inc. The company was formerly known as Young Broadcasting Inc. and was the outgrowth of the ad representation firm Adam Young Inc., which was founded in 1944 by Adam Young. Previously a publicly traded company, Young Broadcasting voluntarily declared Chapter 11 Bankruptcy on February 13, 2009 to restructure its debts. The company emerged from bankruptcy on June 24, 2010 shedding $800 million in debt and becoming one of the most financially secure broadcasting companies in the country.
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Famous quotes containing the words young and/or broadcasting:
“Bagehot did what so many thousand of young graduates before him had done,—he studied for the bar; and then, having prepared himself to practise law, followed another large body of young men in deciding to abandon it.”
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