Young Stations to Go to the Broadcaster’s Bankers After Canceling Auction

Jul 16, 2009  •  Post A Comment

With no other bids meeting the minimum the company was looking for, Young Broadcasting is expected to go to the company’s lenders, Broadcasting & Cable reports.

The station group, which entered Chapter 11 bankruptcy in February, canceled a planned auction earlier this week. The highest bid received for the 10 stations was from existing senior lenders.

–Elizabeth Jensen

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