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What's the Story at Young?
March 4, 2008
With Young Broadcasting's stock up 56% yesterday, it seems Wall Street has a pretty strong hunch about something. Just last week,
Young was slapped with a note from Nasdaq threatening to delist the broadcaster, whose stock hovered below a buck for over 30 days.
Young,
in the midst of a restructuring that will shave $15 million from expenses, has made it crystal clear that it wants to offload KRON as soon as possible. Are they ready to announce a deal?
Young owns 10 stations around the country.
Posted by Mike Malone on March 4, 2008 | Comments (0)
