Revenues and expenses down for Young


Young Broadcasting reported that Q2 revenues for its continuing operations (9 medium- to small-market stations) declined 6.7% to $37 million, but that operating costs also declined 4.9% to $29.1 million. Still no word on a sale of MyNetworkTV affiliate KRON-TV San Francisco, although CEO Vincent Young said negotiations are continuing with several parties. KRON also posted a revenue decline for the quarter, dropping to $10.5 million from $12.3 million a year ago. The station continued to be in negative cash flow territory, with operating expenses of $12 million, improved from $13.1 million a year earlier.