John M. Higgins writes in Broadcasting & Cable Magazine that Young Broadcasting CEO Vince Young (pictured at right) would please investors if he put KRON Channel 4 up for sale. “Given the high valuation of stations sold recently in smaller markets, KRON could fetch a fat price,” Higgins writes. The company’s shares plunged 76 percent in 2005, with revenues and profits down. Young bought the station in 1999 for a record $823 million from the family that owned the Chronicle, but the station’s value plunged when NBC pulled its affiliation and bought KNTV Channel 11.
Investors would like sale of KRON 4
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