Management of Young Broadcasting Stations
On July 22, 2009, a New York bankruptcy judge approved a plan transferring ownership of Young Broadcasting and its stations to the company's secured lenders. The plan included Gray Television coming in as an outside party and advise on operations of Young-owned stations in seven markets through December 2012. (The new Young Broadcasting still has final word on the stations' operations, including programming and personnel.)
The Young-owned stations managed by Gray Television include:
- WKRN-TV in Nashville, TN
- WTEN in Albany, NY and translator WCDC-TV in Adams, MA
- WRIC-TV in Richmond, VA
- WBAY-TV in Green Bay, WI
- KWQC-TV in Davenport, IA
- KELO-TV in Sioux Falls, SD and its translators throughout South Dakota
- KLFY in Lafayette, LA
Young Broadcasting would retain ownership of all of its stations, including three stations that Gray would not operate: KRON-TV in San Francisco, CA, WATE-TV in Knoxville, TN, and WLNS-TV in Lansing, MI, the latter two due to Gray already owning stations in those markets. Gray has considered the possibility of purchasing the Young stations if they go on the market.
Read more about this topic: Gray Television
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