News 2 parent headed for auction block

By Geert De Lombaerde Posted on June 30, 2009 at 8:17 am

Investors looking to bid on bankrupt Young Broadcasting’s assets have until July 10 to submit their papers, according to recent court documents filed in New York. Young, which owns WKRN News 2 as well as 10 other TV stations around the country, filed for Chapter 11 early this year, unable to handle its debt load. Operating numbers for May show that WKRN posted a profit of almost $237,000 on net revenue of $1.9 million.

HT: Bonna Johnson

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Tags: auctions, bankruptcy, broadcasting, News 2, television stations, WKRN, Young Broadcasting Inc.  

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