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Young Broadcasting Stock Almost Free

Sep 30, 2008  •  Post A Comment

The stock price of station group Young Broadcasting plummeted 50% on Monday, from 8 cents per share to 4 cents, MediaPost reports. The company has been put on notice by NASDAQ for failing to meet the $1 minimum requirement and is at risk of becoming delisted. Young Broadcasting’s 10 stations include five for ABC, three for CBS and MyNetworkTV affiliate KRON-TV in San Francisco, which the company has tried to sell.
—Christopher Perez

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