Young Broadcasting Inc. posted a 56 percent drop in operating income for the
fourth quarter of 2001 to $16.5 million, on a 22 percent decline in revenue to
For the year, operating income was down 35 percent to $63 million on a 1
percent revenue decline to $368 million.
The company said its cash-flow margin for the year dropped to 38 percent from
45 percent in 2000.
Chairman Vincent Young Thursday effectively put his top two stations --
KCAL-TV Los Angeles and KRON-TV San Francisco -- on the block, calling them two
of the biggest duopoly opportunities around.