Young Broadcasting Inc. Class A (fka YBTVQ)

[fredman]

Considering the turmoil in the credit markets, I am not suprised it is taking more time than everyone expected to sell KRON. The credit markets WILL improve and companies will eventually have access to financing for mergers and acquisitions. It seems Young is making all of the right moves to improve liquidity. At the same time, I also believe that Young will be able to turn KRON around, into a moneymaker for YBTVA. I am sure Mr. Young had many offers on KRON, but he is holding out for the right price, a smart move IMO. Mr. Young is a smart business person. The banks do not want to see a default, and I am confident they will restructure the loan to more favorable terms for YBTVA. I agree YBTVA will soar again.