Category Archives: Young Broadcasting

WATE owner emerges from bankruptcy

Young Broadcasting, owner of 10 television stations, including WATE in Knoxville and WKRN in Nashville, has shed $800 million in debt and is coming out of bankruptcy with new owners.

” …New Young Broadcasting is emerging from bankruptcy as the most financially sound company in television broadcasting,” according to an extremely short, but positive press release.

Dumping $800M in debt will make you positive.

The announcement doesn’t say when the company will actually exit bankrtupcy.

Here’s a look at other reports on the company and its press release.

The Business Review (Albany, N.Y.)

Broadcasting & Cable

Young Broadcasting announcement