Young Broadcasting Inc. Announces First Quarter Results; Local Revenues Increase by 6% in First Quarter for Station Group; 2005 Station Operating Performance Anticipated to be Between $47 and $50 Million.
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Young Broadcasting Inc. Announces First Quarter Results; Local Revenues Increase by 6% in First Quarter for Station Group; 2005 Station Operating Performance Anticipated to be Between $47 and $50 Million.
NEW YORK -- Young Broadcasting Inc. ("YBI") (NASDAQ:YBTVA) today announced results for the first quarter ended March 31, 2005.
Despite a weaker national revenue category, local and national revenues together grew 1.5% over last year for the first quarter ended March 31, 2005. Local, the fastest growing and most important revenue component, was up almost 9% at the Company's nine core affiliate stations. Four of those stations showed local increases between 13% to 30%. Revenues at KRON-TV, the Company's San Francisco station, were down during the first quarter as the market experienced economic softness. The success of local sales w...See the full content of this document
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