Young Broadcasting is an American holding company that owns 14 television stations in 11 media markets in the United States. The company is the outgrowth of the ad representation/invest firm Adam Young, Inc. which was founded in 1944 by Adam Young and is currently run in part by his son, Vincent. A publicly-held company, Young Broadcasting is currently in bankruptcy proceedings that would see the company purchased by its secured creditors.
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Young Broadcasting is an American holding company that owns 14 television stations in 11 media markets in the United States. The company is the outgrowth of the ad representation/invest firm Adam Young, Inc. which was founded in 1944 by Adam Young and is currently run in part by his son, Vincent. A publicly-held company, Young Broadcasting is currently in bankruptcy proceedings that would see the company purchased by its secured creditors.
Young Broadcasting entered station ownership in 1986, when it purchased stations in Lansing, Michigan and La Crosse, Wisconsin. (A separate deal in 1986 would see Young acquire a station in Rockford, Illinois.) Young would expand its station roster to include a 1993 purchase of 3 stations formerly owned by Nationwide Insurance's broadcasting arm, as well as Los Angeles independent KCAL-TV, which was purchased from the Walt Disney Company in 1996.
In 1999, Young Broadcasting set a record for the purchase price of a single station when it purchased...
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