Skip to main content

KRON-TV parent Young Broadcasting files for bankruptcy

By
More at San Jose Mercury News: “Young Broadcasting Inc., owner of Channel 4 KRON-TV and nine other television stations, filed for bankruptcy court protection in New York, according to court filings. In a petition for Chapter 11 protection, the New York-based company listed assets of $575.6 million and debt of $980.4 million. The company said it has $640 million of publicly traded debt.
"Our decision to restructure through a Chapter 11 filing will allow the company to bring its debt in line with current economic realities so that we can emerge a stronger and more financially secure company. It is important to note that we are restructuring our debt, not our operations," says Chairman Vincent Young in a written statement.”

-- The slow erosion of traditional media in the Bay Area has started. KRON's first, the question is who's next?
Labels:

Comments

Post a Comment

Popular posts from this blog

Alex Castro, Electronic Arts VP, Is Oakland’s “Fake Joe Tuman”, “Crocker Mom”

By
Alex Castro, is currently Vice President Of Product Management At Electronic Arts, and a fairly-well-known and legendary tech executive, regularly quoted in a number of industry publications. But Alex Castro’s also an Oakland resident who has the terrible habit of going online, making traceble email accounts from his Electronic Arts office, and posing as someone […] from WordPress http://ift.tt/1fVkWP9 via IFTTT
Post a Comment
Read more

Event: Jog For Jill San Francisco Run September 12th Golden Gate Park

By
Cal Women's Rowing Team member Jill Costello passed away from complications due to lung cancer on June 24th 2010 and at the age of 21. A San Francisco event and run called Jog For Jill has been established and will be held this Sunday, September 12th at 5 PM. Two members of the Cal Women's Crew team were at the Cal vs. Davis football game wearing Jog For Jill shirts, and were kind enough to provide the video interview above. Below are the other details from the event website, where you're encouraged to pre-register here CLICK FOR SITE : Pre-Registration: Online/$25 Day of Registration: 4:00 p.m./$30 Shotgun Start: 5:00 p.m. After run/walk celebration: 6:00 p.m.- 8:30 p.m. Event Location: Golden Gate Park Music Concourse Bandshell S Tea Garden Drive San Francisco, California 94118 Participants are encouraged to pre-register. Only pre-registered participants will be guaranteed a walk/run T-shirt. T-shirts will be limited to the first 2500 day of regis
Post a Comment
Read more

Oakland Mayor's Race: LWV Forum Draws Oakland's Older Folks

By
Oakland Mayor's Race Forum first take. (Which means, there's going to be more of these posts on last night, because a lot was happening.) This just in: The Oakland Tribune's out of touch with Oakland. A number of attendees of the 450 estimated said they learned of the Oakland League Of Women Voters via "the newspaper." All of the people who made that statement were over 50 years old. Still, the forum, which attracted every candidate except Dr. Terrance Candell, was a success. The auditorium at 300 Lakeside Drive seats 380 people, so if you do the math, it was about 70 over capacity. The crowd was a happy mix of supporters of candidates and long-time observers of the Oakland political scene. The one complaint they had was there wasn't enough time to hear what the candidates were about. That wasn't because there were too many candidates, but due to the format. Either Oakland Tribune Editor Martin Reynolds or the League of Women Voter
Post a Comment
Read more