Young Broadcasting’s layoffs made the front page of today’s Tennessean. The paper reports that WKRN Nashville is doing away with its weekend morning newscasts in an effort to reduce costs. President/G.M. Gwen Kinsey said there was a "minimum audience" there.
"Not only have we laid off a couple of people, but we also reassigned some people and asked them to do different jobs," Kinsey told the Tennessean.
As we reported yesterday, Young HQ reportedly mandated each of its stations cut towards a $20 million systemwide cost reduction.
Young CEO Vincent Young has not returned calls.
Young’s financial issues are centered around the money pit that is KRON. "They went over a bridge too far in going after KRON," is how one industry insider described the broadcaster’s ill-fated acquisition of the San Francisco station.