Young Broadcasting Inc. Class A (fka YBTVQ)

[TheNoviceChicago]

No doubt. As I posted before, if they only dumped the stations that are in trouble and kept the money makers, they would be doing very well in a short period of time. In fact, if they dumped a couple of the profitable ones to pay off some debt, they would be doing even better. However, selling ALL the assets for a fraction of their debt and the potential asset value isn't an act of desperation, but a play to move the assets into the hands of others. I'm sure certain people would be well compensated for their part in that fiasco and I don't mean the creditors or shareholders. Their real reward should be elimination from the equation for fraud and extortion.