Young makes lemonade: Owner makes the most of indie KRON-TV's ratings slide. (Top of the Week).(San Francisco Bay Area television station)(Brief Article)

Broadcasting & Cable, February, 2002 by Trigoboff, Dan

Now that KRON-TV San Francisco has dropped to the No. 5 station in the market, owner Young Broadcasting is touting it as a candidate for duopoly. Station groups are prohibited from owning two of a market's top four, which KRON-TV was before it lost its NBC affiliation Dec. 31.

With one analyst suggesting that it was a case of "bad news being good news," Young Chairman Vincent Young said in a conference call on earnings that, "as smart as we are, we never thought we would be out of the top four stations." He maintains, though, that its news and syndicated shows give it strength in key dayparts.

Young predicted that KRON-TV would still be valued at more than the $700 million-plus it paid in '99, which would be an unusually high price for a group's...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.