Young Broadcasting Inc. Class A (fka YBTVQ)

[mrbizzard]

YBTVQ should emerge very soon..

[BayArea_Tv]

Young Broadcasting, LLC announced Monday that it will be shutting down its Adam Young, Inc. television representation firm at the end of January.

Cox Reps, the largest TV rep firm in the country, will now represent Young Broadcasting for national sales. The firm plans to establish a Young Broadcasting sales team based in New York, Los Angeles and Chicago devoted exclusively to Young's ten stations.

Adam Young, Inc., founded by broadcaster Adam Young, will close its doors after 67 years of operation. The rep firm was acquired by Young Broadcasting in 1997 and has operated from 11 offices throughout the country.

"Adam Young, Inc. has been such an important component of our business and it was with mixed emotions that we made this very important decision," said Young Broadcasting, LLC President Deborah McDermott. "The TV rep business has changed dramatically over the past decade, with an increasingly complex business environment forcing a wave of consolidations. Now, with Young Broadcasting financially structured as one of the strongest and healthiest television broadcast companies, we have joined forces with Cox, an industry leader. Together, both companies are poised to succeed and to take advantage of our rebounding business environment, as well as the new digital rep revenue system."

"This marks the end of an era," said Vincent Young, chairman of Young Broadcasting, LLC. "Throughout its 67 years, Adam Young, Inc. has operated successfully and outlasted every other in-house station rep firm by delivering outstanding results. The wonderful sales and support teams have effectually carried out my father's original, ground-breaking vision of exclusive representation over these many years."

[inside guy]

YBTVQ has not yet emerged from BK Proof:

Honorable Arthur J. Gonzalez
Friday
12/24 Monday
12/27 Tuesday
12/28 Wednesday
12/29 Thursday
12/30 Friday
12/31 Monday
01/03 Tuesday
01/04 Wednesday
01/05 Thursday
01/06

Friday, December 24, 2010

There is no calendar scheduled for this day


Monday, December 27, 2010

There is no calendar scheduled for this day


Tuesday, December 28, 2010


10:00 AM
09-10645-ajg Young Broadcasting Inc. Ch. 11

Hearing RE: objection to administrative expense claim.

Responses filed.
Link


http://www.nysb.uscourts.gov/calendars/ajg.html

[inside guy]

YBTVQ emerging from chapter 11.... HOLD ON and cross your fingers

[inside guy]

Today’s Trade Alert is: YBTVQ (from july)

Remember yesterday QSGIQ</span> ran up as much as +4,233%</span> & FNLYQ</span> as high as +1,633%

</span>Remember VSTNQ</span>?
The company announced bankruptcy after massive losses & the stock
dropped to 0.02 per share as shareholders believed that all the common
stock holders would be wiped out and left with nothing.

Well VSTNQ</span>
turned things around and posted a massive profit & a judge in their
bankruptcy case ruled that shareholders could receive something in the
reorganization plan.

VSTNQ</span>’s stock price then ran up from 0.02 to $2</span>!</span>

</span>

YBTVQ</span> could be the next big “Q” Bankruptcy stock play that we believe has similar potential & here is why…

</span>YBTVQ</span> – Young Broadcasting Inc., together with its subsidiaries, engages in the
ownership and operation of television stations in the United States. As
of December 31, 2008, it owned and operated 10 television stations, of
which 5 are affiliated with ABC, Inc.</span>, 3
are affiliated with CBS Inc.</span>, 1 is affiliated with National
Broadcasting Company, Inc.</span>, and 1 is affiliated with MyNetworkTV</span>.</span>



The company went bankrupt </span>at the beginning of 2009 after realizing over $318 MILLION</span> in operating losses for 2008!

However, for 2009 the company reported NET INCOME</span> over $19.7 MILLION & expects increased profits for 2010!</span>


</span></span>Highlights of Year Ended December 31,
2009 compared to Full Year 2008

•Local and national revenue decreased 15.6% in 2009.
•Political revenue decreased by $15.1 million to $5.4 million in 2009.
•Retransmission revenue increased 141% in 2009.
•Net revenue decreased 16.3% to $159.7 million in 2009.
•Station operating expenses decreased 21.3% to $121.9 million in 2009.
•Corporate overhead decreased 49.7% to $7.0 million in 2009.
•SOP increased 5.3% in 2009 to $37.8 million.
Outlook for 2010

The trends that emerged at the end of 2009 are continuing into the first
months of 2010. Gross local revenues increased 6.8%, national revenue
increased 13.3% and political revenue increased 14.9% in the 1st
quarter of 2010 compared to the same quarter in 2009. Total local,
national and political revenue for the 1st quarter of 2010
exceeded 1st quarter 2009 revenue by 8.9%. SOP for the 1st
quarter of 2010 was more than twice the SOP for the same period in 2009
as the Company benefited from increased revenues and lower station
operating expenses. There are also strong indications based on order
activity that this rebound will continue into the 2nd
quarter. Orders booked are subject to cancellations under certain
circumstances and are only indicative of probable revenue performance in
the future.

</span>The company is currently going through bankruptcy reorganization & the process is being handle by the courts…

The important part is that there has been NO FINAL RULING </span>as
of yet if old shareholders will be completely wiped out or if they will
receive some share conversion into the new trading symbol once it
emerges from bankruptcy DEBT FREE</span> now that the company has seen a big turn around in business since having to declare for bankruptcy.

As
mentioned about with such a turn around in their business we can only
remember one other “Q” play this year that had a similar story &
that was VSTNQ</span> & we all saw what happened once the court decisions ruled favorably for the common shareholder.

[bryan6864]

YBTVQ,
lvl 2 looks great just needs interest and this stock will run an easy 250% in one day.

[BayArea_Tv]

Vincent Young Out as New Young Broadcasting CEO

Vincent Young has assumed the role and title of non-Executive Chairman of the Board of New Young Broadcasting and stepped down as CEO, according to a company memo from Chief Restructuring Officer Kevin Shea to Young employees dated Aug. 19. The memo also says CFO Jim Morgan will be leaving in October.

Deb McDermott will stay on as President of the New Young Broadcasting.

[D-Rock]

News out on Google

Year One of Gray-Young Deal Passes With Gray Still On Sidelines
Gray TV's management of "New Young" stations may start...soon
By Michael Malone -- Broadcasting & Cable, 8/5/2010 2:50:17 PM
A year has passed since Gray Television's deal to manage seven Young Broadcasting stations kicked in, yet Gray remains stuck on the sidelines until it gets the green light from Young. Gray has been paid $2.2 million by Young in year one of a three-year deal.

It's one of the more peculiar arrangements in local TV's recent history. Gray TV President/COO Robert Prather says Young, reborn as New Young Broadcasting after being taken over by its senior lenders, continues to pay on time.

New Young held a meeting in Nashville last week for its top management. Attendees say the mood was positive: the stations are healthy amidst a rich economic recovery, and the board has vowed to invest major capital in the local outlets, which include WKRN Nashville and WBAY Green Bay. Vincent Young remains in charge, and troop morale is said to be optimistic.

Less rosy is Gray's management deal. Despite turning on the fee meter last summer, Young has told Gray's management to sit tight through the various court proceedings Young has been tied up in much of the past year.

Some believe the arrangement has been downgraded to a consulting deal for Gray, but Prather says the terms of engagement have not changed.

A batch of Gray general managers will reportedly be assigned a Young station to oversee, with Young keeping a GM in place at each station. As the principals have said for months, they insist Gray will commence its management of the seven stations in the near future. "We hope to start in the next few days-or next few weeks," says Prather.

New York-based New Young Broadcasting did not return a call seeking comment.

The company, which had been saddled by massive debt related to its acquisition of KRON San Francisco a decade ago, entered bankruptcy in February 2009. That enabled "New Young" to emerge free from $800 million of debt.

Managers at both Atlanta-based Gray and Young say Gray's regional execs will soon start reviewing the budgets at the Young stations, and report back to the New Young board.


"It's moving forward," said one manager who asked not to be identified. "It's just moving slowly."

[winnerz]

Please explain what this stocks climb is based on??? It caught my eye with the 4000% increase, but there was no news, etc. Then it consolidated which is the norm, now it is green again. What type of speculation does this stock rise on? Thanks for the advice.

[Caddy Man]

Still expecting the big PR today?

[dawsorama]

Here kitty kitty, here kitty kitty....

[shellytrader]

YBTVQ moving up .0078 x .0075

[dawsorama]

I am. I'm getting in @ .002

[shellytrader]

Folks, a Huge PR is due Friday, Average down.

[wealthmoney]

smoke another check out what a p&d does on a monday

[shellytrader]

I am told they are waiting till Market close Friday to issue the PR due to the volatility YBTVQ experienced this week.

[shellytrader]

Just a Huge PR coming Friday, legal council has the PR 100% ready to go

[D-Rock]

anymore updates for this company

[shellytrader]

I will keep this page updated this week as I find out more information I'll post it.

[shellytrader]

This is why YBTVQ is Running STRONG! Just hold till Fridays Press Release. Longs are about to be REWARDED!!!!!!!!!!!

[shellytrader]

Hold until Friday's PR LONGS!This could be HUGE!!!!

***ALERT***YBTVQ-Trading"Cum Dividend",Look:

Transitioning YBTV-Q to YBTV-V to YBTV - Stock Dividend, (Cum Dividend- Rights) “Do Not Sell”! News coming!

Press Release due thisFriday will explain everything in great detail.

At least hold until Friday LONGS! This could be HUGE!!!!

My Aunt is a Securities Lawyer with an “Ear to the Wall” so to speak about the ongoing YBTV bankruptcy proceedings. Apparently, the court is going to allow the New Young Broadcasting Co. to bring forth the common shareholders via a special dividend (Possibly a r/s scenario) into the New Young Broadcasting Co.

This step will involved a few technicalities concerning the ticker symbol, reverse split of some sort, and RIGHTS (Cum Dividend)

What Does Cum Dividend Mean?
When a buyer of a security is entitled to receive a dividend that has been declared, but not paid.


Investopedia explains Cum Dividend
Cum dividend means "with dividend." A stock trades cum-dividend up until the ex-dividend date. On or after this point, the stock trades without its dividend rights.


If the company does come out of bankruptcy, there may be two different types of common stock, with different ticker symbols, trading for the same company. One is the old common stock (the stock that was on the market when the company went into bankruptcy), and the second is the new common stock that the company issued as part of its reorganization plan. If the old common stock is traded on the OTCBB or on the Pink Sheets, it will have a five-letter ticker symbol that ends in "Q," indicating that the stock was involved with bankruptcy proceedings. The ticker symbol for the new common stock will not end in "Q". Sometimes the new stock may not have been issued by the company, although it has been authorized. In that situation, the stock is said to be trading "when issued," which is shorthand for "when, as, and if issued." The ticker symbol of stock that is trading "when issued" will end with a "V". Once the company actually issues the newly authorized stock, the "V" will no longer appear at the end of the ticker symbol.

The last major USA bankruptcy in which common holders were not 100% wiped out was
that of Texaco in the late 1980s. It sought court protection from huge lawsuits under
some complex contracts, and those suits were resolved by the court, so the common
shareholders remained in place.
In order for common stock to not be cancelled from a bankruptcy, there must be net
assets left over after the claims of all higher-priority claimants are satisfied, at 100 cents
on the dollar! This is extremely rare. If the bankrupt company could have made good on
its obligations, it likely would not have needed to declare bankruptcy. The way the senior
claims are satisfied is NOT in cash (the company does not have enough!), but by issuing
paper called new common stock.

[shellytrader]

***ALERT***YBTVQ-Trading"Cum Dividend",Look:

Transitioning YBTV-Q to YBTV-V to YBTV - Stock Dividend, (Cum Dividend- Rights) “Do Not Sell”! News coming!

Press Release due thisFriday will explain everything in great detail.

At least hold until Friday LONGS! This could be HUGE!!!!

My Aunt is a Securities Lawyer with an “Ear to the Wall” so to speak about the ongoing YBTV bankruptcy proceedings. Apparently, the court is going to allow the New Young Broadcasting Co. to bring forth the common shareholders via a special dividend (Possibly a r/s scenario) into the New Young Broadcasting Co.

This step will involved a few technicalities concerning the ticker symbol, reverse split of some sort, and RIGHTS (Cum Dividend)

What Does Cum Dividend Mean?
When a buyer of a security is entitled to receive a dividend that has been declared, but not paid.


Investopedia explains Cum Dividend
Cum dividend means "with dividend." A stock trades cum-dividend up until the ex-dividend date. On or after this point, the stock trades without its dividend rights.


If the company does come out of bankruptcy, there may be two different types of common stock, with different ticker symbols, trading for the same company. One is the old common stock (the stock that was on the market when the company went into bankruptcy), and the second is the new common stock that the company issued as part of its reorganization plan. If the old common stock is traded on the OTCBB or on the Pink Sheets, it will have a five-letter ticker symbol that ends in "Q," indicating that the stock was involved with bankruptcy proceedings. The ticker symbol for the new common stock will not end in "Q". Sometimes the new stock may not have been issued by the company, although it has been authorized. In that situation, the stock is said to be trading "when issued," which is shorthand for "when, as, and if issued." The ticker symbol of stock that is trading "when issued" will end with a "V". Once the company actually issues the newly authorized stock, the "V" will no longer appear at the end of the ticker symbol.

The last major USA bankruptcy in which common holders were not 100% wiped out was
that of Texaco in the late 1980s. It sought court protection from huge lawsuits under
some complex contracts, and those suits were resolved by the court, so the common
shareholders remained in place.
In order for common stock to not be cancelled from a bankruptcy, there must be net
assets left over after the claims of all higher-priority claimants are satisfied, at 100 cents
on the dollar! This is extremely rare. If the bankrupt company could have made good on
its obligations, it likely would not have needed to declare bankruptcy. The way the senior
claims are satisfied is NOT in cash (the company does not have enough!), but by issuing
paper called new common stock.

[wealthmoney]

too bad monday will be a bloodbath

[shellytrader]

My 500K YBTVQ Buy order(.012/.0145/.015)took several fills to execute

[shellytrader]

YBTVQ -Resistance .0544 "Rest of Analysis below":

Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 208191

Overall Average: 72% - Buy

Price Support Pivot Point Resistance
0.0167 -0.0140 0.0202 0.0544

[shellytrader]

YBTVQ - Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 208191

Overall Average: 72% - Buy

Price Support Pivot Point Resistance
0.0167 -0.0140 0.0202 0.0544[color=red][/color]

[Epic]

EpicStockPicks Alert came out right at market opne actually man.



YBTVQ (Young Broadcasting Inc) is our New Epic Sub-Penny Pick!
InboxX


Reply |Epic Stock Picks to me
show details 9:32 AM (11 hours ago)



Recent Winners: STHG: +1100% CGUD: +216% TTIN: +242% MILV: +1900% BBYB: +190% IMGG: +100%


THE NEW EPIC PICK IS....
YBTVQ (Young Broadcasting Inc)!



Hello All,

After countless hours of extensive research, we have found our next Epic Pick!

Our New Alert today is YBTVQ (PINK:YBTVQ)

Young Broadcasting Inc. owns and operates 10 television stations in geographically diverse markets and a national television sales representation firm, Adam Young Inc. Five of the stations are affiliated with American Broadcasting Companies, Inc. (ABC), three are affiliated with CBS Inc. (CBS), one is affiliated with National Broadcasting Company, Inc. (NBC), and one is affiliated with MyNetworkTV. Each of the Company's stations is owned and operated by a direct or indirect subsidiary. On February 13, 2009, the Company and all of its subsidiaries filed voluntary petitions for relief under the provisions of Chapter 11 of Title 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York.

If you've been watching the market lately you've noticed quite a few things. For instance our last Epic Pick (SCNG) which flew up over 660% just last week. Also "Q" stocks have become quite a hot topic with just yesterday two of them blasting off! One called $QSGIQ opening at .0003 & reaching an unbelievable high of .013 for an absurd intraday gain of over 4000%! Then the other called $FNLYQ which opened at .003 & reached an amazing high of .052 for a shocking intraday gain of over 1600%!

With that in mind let's get down to the nitty gritty as to why we like this bull for a move much higher today. We believe there are three factors that could make this and Epic Pick with 1000% potential gains written all over it.

Factor No.1: "The Chart"

If you take a look at this chart the first couple of things that jumps out at you is that it's in a "bullish uptrend" and it's current price is at a level where if significant volume came in it can explode not only past the 50 DSMA but also the 200 DSMA as well! A clear sign that not only are these levels a steal but they are ready to explode!


Factor No.2:"The Share Structure"

Often times a significant move is not only caused by the volume but also by the way a companies shares are structured. Why is share structure so important? Share Structure is a breakdown of the amount of, and types of stock the company has issued. The number of 'outstanding shares' (O/S) as well as the number of available shares on the market, the 'float', which often times will have the biggest effect on how it will trade, or in other words, how hot or cold it might get. In the case of YBTVQ, they only have 21M outstanding shares!!!

Factor No.3: "The Company"

This company went bankrupt at the beginning of last year after reporting $300M in losses for 2008. After a bit more restructuring they've managed to turn it very much so around by reporting in 2009 a net income of $20M along with positive profit expectations for 2010! One of the biggest concerns with most stocks ending with a "Q" is the fear of being wiped out by a court ruling. In the case of $YBTVQ no such court ruling has been made yet and their currently ongoing the bankruptcy reorganization process.

With that said, YBTVQ could be EPIC!



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Good Trading,
www.epicstockpicks.com


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[commn]

No Epickstocks alerted ppl at 2.30 after the first hr 4000% run has happened,lol. He just took stock twitters alert on board at 9.30. Now Epicstocks claims he got this to run 4000%, comical. But yea monday could be a wild run on this up or down.

[kazaam]

what will monday be like .....up or down?

[shellytrader]

Most Excellent!!!!!!!!!!!

[MarketInsider]

July 23, 2010 3:20 PM ET YOUNG BROADCASTING INC CL A YBTVQ: OTC 0.017 +0.0161 (+1,788.89%) Vol. 6,519,253

This is looking hot today ! Wow !

[sherwood37]

ST means stock twitter

[sherwood37]

more will lose then win i agree.ST will put this everywhere now we have to see them pump how great there pics are and that there members should be real happy with the 5000%. lol

[PennyPimpin]

P&D you know how many people will lose money on this today? ROFL

[PennyPimpin]

like i said its ST pumping... they never go out without ST...

[RonnieD]

has to be. p&d, these shares are worthless.

[sherwood37]

http://www.facebook.com/?page=1&sk=messages&tid=1504685853005#!/profile.php?id=100001270233583 --- i see ST is pumping it to.

[MartvanderVelde]

Really hope we close green for the new shareholders...

[PennyPimpin]

nah its not epic, its ST. he got the power. but its PUMP AND DUMP

[sherwood37]

a facebook pump from epic picks

[PennyPimpin]

Pump and dummmpppp lol

[StonedSheep]

big pop!

[BayArea_Tv]

Vince is here to stay..well at least for now...

Vince Young Expected To Stay With Young Broadcasting

Top executives at Young Broadcasting have dropped claims looking for new ownership to assume employment contracts they signed in 2007. That clears the way for them to continue -- likely under less lucrative deals.

CEO Vincent Young and CFO James Morgan argued in court that the senior lenders, who now control the station group following bankruptcy proceedings, should honor their 3-year-old deals.

But the lenders resisted. And on Thursday, Vincent Young and Morgan dropped their objections.

That probably means the executives have, or expect to, reach new agreements to continue in their respective roles -- the same ones they held before Young Broadcasting filed for bankruptcy in February 2009. The company emerged from the process June 24, having shed $800 million-plus in obligations.

The station group owns 10 stations, including the ABC stations in Nashville and Richmond, Va.; the CBS outlet in South Dakota; and the MyNetworkTV affiliate in San Francisco.

Young Broadcasting President Deborah McDermott will also remain with the new reorganized company. She did not file a claim seeking to be compensated based on a prior agreement.

Senior lenders, including Credit Suisse, Oppenheimer and Eaton Vance, emerged with control of a new Young Broadcasting during proceedings in New York federal bankruptcy court. Vincent Young chairs the new board, although the representatives of the lenders control the other seats.

The 2007 employment agreement that Vincent Young wanted the new owners to assume called for his annual base salary to be $1.4 million, and him to get a possible bonus of more than $2.8 million per year. A provision for payments helping to cover his tax obligations was included --along with provisions that could provide millions of dollars more should he be terminated, while the company was required to cover all costs attached to a leased automobile.

But the new owners favored a deal that emerged during the bankruptcy process that had Vincent Young's base salary at $840,000, while he could receive a $250,000 bonus should provisions be met involving the MyNetworkTV affiliate in San Francisco. There was also a clause for him to get a bonus of between $250,000 and $840,000 if the Chapter 11 reorganization closed by a certain date, but that did not kick in.

CFO Morgan's 2007 deal that he wanted to continue called for a base salary of $671,000, and a bonus that could exceed $1 million annually, along with tax payments and a leased automobile. The lesser deal that the lenders preferred called for a base salary of $302,000 and no bonus.

There was no mention as to the status of KRON in terms of whether or not NBC would take over a shared service agreement with KNTV. This would relocate KRON to the KNTV NBC building in San Jose. Young would then sell their facility on Van Ness.

[RonnieD]

the banks. lol. I'm not going to follow the new co.

[BayArea_Tv]

Who will ultimately end up with KRON? Any thoughts.....

[RonnieD]

that's not hard to do when a large broadcasting co falls on your lap. now it's not his anymore. he lost the co his father made successful. Vinny was reckless and cocky. Ill suited to lead.

[custom4eyes]

and he made out like a bandit!!

[RonnieD]

correct so the old young -this- is void
nothing @ all for shareholders of this

the company under Vince's direction failed miserably
he ruined all he inherited from his father.

[custom4eyes]

That plan, approved April 19 and reaffirmed Monday, creates a new company for the Young Broadcasting assets, the New Young Broadcasting Holding Co., or NewCo. All common stock is to be placed in NewCo, with secured lenders receiving equity interests of $338 million. Credit Suisse, Oppenheimer, Highland Capital and Eaton Vance are among Young’s senior lenders. Young had $640 million in publicly traded debt when it filed for Chapter 11 in February 2009. The new company emerges debt free.

[RonnieD]

both existing plans that are being considered provide for this stock to be cancelled.
so that is the most likely outcome. If you want to dig, use the links in ibox to follow the bankruptcy case as it proceeds.