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Young B'Casting's latest financials-Sets conf. call for Tues. May 6, Noon PDT

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Young Broadcasting says things are looking up in its latest quarterly financial statement, although it is still operating at a loss. A $14.9 Million loss in the first quarter of 2008. That's less than the $25.3 Million loss it reported in the first quarter of 2007.

Political ads are contributing to added income, the company's spending is flat and operating expenses are down, the company says in the statement.

Read it here:
http://www.youngbroadcasting.com/phoenix.zhtml?c=76078&p=irol-newsArticle&ID=1140213&highlight=

KRON-TV, SF is still for sale, the statement says, and "The Company continues to pursue this process with interested parties."

It doesn't name them.

To hear it from the Horse's Mouth and ask questions today at Noon, PDT:

Young Broadcasting has scheduled a conference call for Tuesday, May 6, 2008 at 3:00 PM (ET). You may participate in the conference call by dialing 888-552-9135 (Passcode: YOUNG, Leader: Vincent Young). This will enable you to listen to the presentation. At the end of the presentation you will have the opportunity to participate in a Q&A session with Vincent Young, Chairman of Young Broadcasting Inc. and with James Morgan, the company's CFO.

You may listen to a live webcast of the call via the Company's website at www.youngbroadcasting.com. The archive will be available for replay through June 3, 2008. The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site. You may listen to a telephone replay of the entire call by dialing 888-566-0692 through May 12, 2008.
 
Vince and Jim pretty much said the usual - everything is going fine and revenue is up and sorry no questions or comments about the KRON sale.

End of story
 
"Ya think they will surprise us with an announcement of a sale of K R O N?"

Any announcement of an acutal sale of KRON would be a surprise to me.
 
There was some mention this morning on the YBTVA message board that KRON was possibly going to be a FOX station....but how would this pan out if KTVU is the FOX station?

This whole sale is going back and forth - one week its NBC next week its FOX kinda not sure which direction its going now....
 
"There was some mention this morning on the YBTVA message board that KRON was possibly going to be a FOX station....but how would this pan out if KTVU is the FOX station? This whole sale is going back and forth - one week its NBC next week its FOX kinda not sure which direction its going now...."

The "direction it's going" is sideways. In my cynical opinion, there are no serious offers, and people have to talk about something, so they keep recycling the same old rumors.
 
Just saw an article that stated WRC Washington NBC4 and The Bay Area's NBC11 KNTV may be up for sale. I would imagine that FOX would love to take over that San Jose facility. If that would happen no doubt Hearst would look into making KRON an NBC affiliate.
 
Re: Young B'Casting's latest financials-Sets conf. call for Tues. May 6, Noon PD

Newschannel4SF said:
Just saw an article that stated WRC Washington NBC4 and The Bay Area's NBC11 KNTV may be up for sale. I would imagine that FOX would love to take over that San Jose facility. If that would happen no doubt Hearst would look into making KRON an NBC affiliate.
Click to expand...


Hearst?
 
Re: Young B'Casting's latest financials-Sets conf. call for Tues. May 6, Noon PD

Where did you see this article? I just went on Google and found nothing.



Newschannel4SF said:
Just saw an article that stated WRC Washington NBC4 and The Bay Area's NBC11 KNTV may be up for sale. I would imagine that FOX would love to take over that San Jose facility. If that would happen no doubt Hearst would look into making KRON an NBC affiliate.
Click to expand...
 
Re: Young B'Casting's latest financials-Sets conf. call for Tues. May 6, Noon PD

"Just saw an article that stated WRC Washington NBC4 and The Bay Area's NBC11 KNTV may be up for sale. I would imagine that FOX would love to take over that San Jose facility. If that would happen no doubt Hearst would look into making KRON an NBC affiliate."

Even if this is true - again - the speculation is all circular. It's been said here that Fox and KTVU have a mutually beneficial relationship, and that Fox would not be interested in buying KRON. Then it doesn't logically follow that Fox would be interested in buying KNTV, does it? Their San Jose facility may be state-of-the art out there on North First St. among all the high tech campuses, but otherwise - why not buy KRON and have your studios in San Francisco?
 
Re: Young B'Casting's latest financials-Sets conf. call for Tues. May 6, Noon PD

Lkeller said:
Even if this is true - again - the speculation is all circular. It's been said here that Fox and KTVU have a mutually beneficial relationship, and that Fox would not be interested in buying KRON. Then it doesn't logically follow that Fox would be interested in buying KNTV, does it? Their San Jose facility may be state-of-the art out there on North First St. among all the high tech campuses, but otherwise - why not buy KRON and have your studios in San Francisco?
Click to expand...

I agree. They could move the equipment to San Francisco easily.

The WRC-TV and KNTV rumor comes on the heels of the sale of WTMJ and WVIT. NBC must be cutting to the bone. Selling the Washington is suspicious since the station provides a base to cover political stories; maybe it's related to the DTV transition and disposing the stations to make it someone else's problem? After the partnership with KXAS and KNSD, their full O&O's will be in the top 4 markets. But then again Washington has been dropping in the rankings as evidenced by Atlanta overtaking them last season. I wonder if Houston will end up in the #9 spot because of Washington instead of moving up on its own? NBC has had opportunity pass them by lately since they couldn't get KYW-TV, then the KRON fiasco, and now they are the lowest rated major network.
 
"I bet NBC will demand something for it."

I assume the "it" you are referring to is KNTV? Assuming NBC/U is going to sell it, they would be absolutely insane to not stipulate as part of the sale that KNTV remain an NBC affiliate, unless there is a companion deal in the works for another local affiliate. Oooh...could it be KRON?...let the speculation begin yet again.

That kind of stupidity is not likely, unless your talking about...well...Young Broadcasting.

Again - like KRON in 01 - the value of KNTV is primarily due to the fact that it carries NBC programming. In an era when most viewers have literally hundreds of viewing choices via cable and satellite, the Bay Area does not need another independent station stripping moldy re-runs, syndicated "court" shows and infomercials.
 
Today there seem to be a flurry of discussion regarding NBC buying Young Broadcasting. The YBTVA stocks took a jump and something may be brewing with Moelis the outside firm representing the sale of the KRON.
 
It's been one month already!
Must be having a hard time deciding which offer to go with. They must be unindated with all kinds of record breaking offers! ;D
 
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