Exhibit 99.1

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

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	:
In re:	:	Chapter 11
	:
YOUNG BROADCASTING INC. et al.,	:	Case No. 09-10645 (AJG)
	:
Debtors.(1)	:
	:	(Jointly Administered)
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MONTHLY OPERATING REPORT

FOR THE MONTH OF MARCH 2010

Debtors’ Address:

599 Lexington Avenue

New York, New York 10022

Debtors’ Counsel:

SONNENSCHEIN NATH & ROSENTHAL LLP

Peter D. Wolfson

Jo Christine Reed

1221 Avenue of the Americas

24th floor

New York, New York 10020

T: 212.768.6700

F: 212.768.6800

Report Preparer: Young Broadcasting Inc.

The undersigned, having reviewed the attached report and being familiar with the Debtors’ financial affairs, verifies, under the penalty of perjury, that the information contained herein is complete, accurate and truthful to the best of my knowledge.(2)

Dated:	April 22, 2010	/s/ James A. Morgan
		James A. Morgan, Chief Financial Officer

(1) The Debtors in these cases are Young Broadcasting Inc.; Young Broadcasting of Lansing, Inc.; Young Broadcasting of Louisiana, Inc.; Young Broadcasting of Nashville, LLC; Young Broadcasting of Albany, Inc.; Young Broadcasting of Richmond, Inc.; Young Broadcasting of Knoxville, Inc.; Young Broadcasting of Green Bay, Inc.; Young Broadcasting of Davenport, Inc.; Young Broadcasting of Sioux Falls, Inc.; Young Broadcasting of Rapid City, Inc.; Young Broadcasting of San Francisco, Inc.; Young Broadcasting of Nashville, Inc.; Young Broadcasting of Los Angeles, Inc.; Young Broadcasting Shared Services, Inc.; Adam Young Inc.; WKRN, G.P.; WATE, G.P.; KLFY, L.P.; YBT, Inc.; YBK, Inc.; LAT, Inc.; Winnebago Television Corporation; Fidelity Television, Inc.; Young Broadcasting Capital Corp.; Young Communications, Inc.; and Honey Bucket Films, Inc.

(2) All amounts herein are unaudited and subject to revision. The Debtors reserve all rights to revise this report.

NOTES TO MONTHLY OPERATING REPORT

Young Broadcasting Inc. and certain of its direct and indirect subsidiaries, the debtors and debtors in possession in the above-captioned chapter 11 cases (collectively, “Company” or “Debtors”), hereby submit their Monthly Operating Report (the “MOR”).

1. Description of the Cases. On February 13, 2009, (the “Petition Date”), each of the Debtors filed a voluntary petition with the Bankruptcy Court for reorganization under Chapter 11 of the Bankruptcy Code. On August 16, 2009, two additional affiliates of the Debtors, Young Broadcasting Capital Corp. and Young Communications Inc., filed a voluntary petition with the Bankruptcy Court for reorganization under Chapter 11 of the Bankruptcy Code. The cases are being jointly administered under case number 09-10645 (AJG). The Debtors are currently operating their businesses as debtors-in-possession pursuant to Sections 1107(a) and 1108 of the Bankruptcy Code. Each Debtor’s fiscal year ends on December 31 of each year.

2. Basis of Presentation. The MOR is limited in scope, covers a limited time period and has been prepared solely for the purpose of complying with the monthly reporting requirements of the United States Bankruptcy Court. The financial information in the MOR is preliminary and unaudited and does not purport to show the financial statements of the Debtors in accordance with GAAP and, therefore, may exclude items required by GAAP, such as certain reclassifications, eliminations, accruals, valuations and disclosure items. We caution readers not to place undue reliance upon the MOR. There can be no assurance that such information is complete and the MOR may be subject to revision.

The information contained in the MOR has been derived from the Debtors’ books and records. This information, however, has not been subject to procedures that would typically be applied to financial information presented in accordance with GAAP, and upon the application of such procedures, we believe that the financial information could be subject to changes and these changes could be material. The information furnished in this MOR includes primarily normal recurring adjustments but does not include all of the adjustments that would typically be made for financial statements prepared in accordance with GAAP. In addition, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted.

The statements contained herein have been prepared in accordance with the guidance in American Institute of Certified Public Accountant Statement of Position 90-7, “Financial Reporting by Entities in reorganization under the Bankruptcy Code” (“SOP 90-7”), which is applicable to companies in Chapter 11.

3. Summary of Significant Reporting Policies. The Debtors use a consolidated cash management system through which the Debtors collect substantially all receipts and pay liabilities and expenses. Cash receipts and disbursements are recorded on the books and records of each Debtor and inter-company journal entries are utilized to record transactions affecting revenues, expenses, assets and liabilities between Debtors. The Court has entered an order authorizing the Debtors to continue to use their existing cash management system.

4. Foreign Currency. The Debtors have no foreign currency transactions.

Therefore, all amounts are reflected in U.S. dollars.

5. Inter-company Receivables/Payables. Inter-company balances have been set forth in the MOR to the best of the Debtors’ knowledge, information and belief at the value as set forth on the Debtors’ books and records.

6. Recoveries and Causes of Action. The Debtors Schedules and Statements may not include a complete list of causes of action they possess as of the Petition Date, or at any point thereafter. Regardless of the recoveries and causes of action listed, the Debtors reserve all of their rights with respect to assert any and all causes of action they may possess, including, but not limited to, avoidance actions, and neither these Global Notes nor the Schedules and Statements shall be deemed a waiver or limitation of any of the Debtors’ rights to pursue any such causes of action or recovery.

7. Reorganization Items. American Institute of Certified Public Accountant Statement of Position 90-7, “Financial Reporting by Entities in reorganization under the Bankruptcy Code” (“SOP 90-7”) requires separate disclosure of reorganization items such as realized gains and losses from the settlement of pre-petition liabilities, provisions for losses resulting from the reorganization and restructuring of the business as well as professional fees directly related to the process or reorganizing the Debtors under Chapter 11. Such items are reflected in the statements.

8. Liabilities Subject to Compromise. As a result of the Chapter 11 filing, most pre-petition indebtedness is subject to compromise or other treatment under a plan of reorganization. Generally, actions to enforce or otherwise effect payment of pre-Chapter 11 liabilities are stayed. The Debtors have been paying and intend to continue to pay undisputed post-petition claims in the ordinary course of business. In addition, the Debtors may reject pre-petition executory contracts and unexpired leases with respect to the Debtors’ operations with the approval of the Bankruptcy Court. Damages resulting from rejection of executory contracts and unexpired leases are generally treated as general unsecured claims and will be classified as liabilities subject to compromise. The pre-petition liabilities that are subject to compromise are reported herein at the amounts expected to be allowed, although they may be settled for lesser amounts. The amounts currently classified as liabilities subject to compromise may be subject to future adjustments depending on Court actions, further developments with respect to disputed claims, determinations of the secured status of certain claims, the values of any collateral securing such claims or other events.

9. Post-petition Accounts Payable. To the best of the Debtors’ knowledge, all undisputed post-petition accounts payable have been and are being paid under agreed-upon payment terms. Thus, an accounts payable aging is not included in this report.

Young Broadcasting, Inc.

Consolidating Income Statement

For the Month ended March 31, 2010


			09-10671			09-10661			09-10651			09-10665			09-10656			09-10673			09-10672			09-10652			09-10655			09-10650			09-10648			09-10662			09-10670			09-10660			09-10663			09-10645			09-15606			09-15607
	Case #	(1)	WLNS			KLFY			KLFY LP			WKRN			WKRN GP			WTEN			WRIC			WATE			WATE GP			WBAY			KWQC			KELO			KCLO			KRON			AYI			CORP			YBCC			YCI			Consolidated
Operating Revenues
Local Revenue			$	796,799		$	951,578					$	1,285,445					$	755,008		$	1,139,256		$	983,457					$	1,032,513		$	906,013		$	1,133,740		$	86,882		$	1,280,640														$	10,351,333
National Revenue			232,576			226,995						589,122						353,979			436,492			228,327						250,707			223,763			295,503			38,328			1,501,207															4,376,998
Network Revenue			543			(930		)				(72,803		)				(35,326		)	(38,496		)	(33,914		)				(27,794		)	2,049			(2,251		)																			(208,922		)
Political Revenue			93,785									24,400						185,050			17,675									128,315			6,650			203,955			20,385			72,370															752,585
Barter Revenue			8,668			28,159						10,692						7,740			10,520			10,221						10,415			7,970			5,891			805			76,205															177,286
Other Revenue			76,231			81,877						290,804						117,591			150,898			156,943						521,002			130,945			107,313			26,104			255,033			26,481												1,941,222
Total Operating Revenues			1,208,602			1,287,679						2,127,659						1,384,043			1,716,345			1,345,034						1,915,159			1,277,390			1,744,151			172,503			3,185,456			26,481												17,390,502
Commissions
Agency Commissions			135,171			132,214						284,978						193,725			241,376			174,674						304,333			201,951			213,255			19,366			392,251															2,293,294
National Rep			13,857			9,628						26,069						22,907			19,302			9,696						12,642			9,397			18,768			2,221			66,854			(211,341		)
Total Commissions			149,028			141,842						311,047						216,632			260,678			184,370						316,975			211,348			232,023			21,587			459,105			(211,341		)										2,293,294

Net Operating Revenues			1,059,573			1,145,837						1,816,612						1,167,411			1,455,668			1,160,663						1,598,184			1,066,042			1,512,127			150,917			2,726,351			237,822												15,097,207

Operating Expenses
Direct Expenses			10,099			9,704						14,355						10,482			9,571			9,503						6,977			8,505			8,322			894			32,622															121,035
Technical Expense			54,166			22,533						62,701						81,974			53,366			48,022						62,269			67,385			49,936			3,699			409,731															915,780
Program/Production Expense			56,550			42,523						41,724						42,271			49,400			67,050						36,670			56,843			75,264						104,838															573,133
Amortization of Program License Rights			34,335			21,517						101,464						84,717			123,412			85,735						26,542			74,216			34,478			1,075			317,099															904,590
News Expense			158,031			154,319						430,656						237,033			230,483			245,175						272,208			165,358			173,539			5,262			658,926															2,730,990
Sales Expense			141,073			115,820						194,791						131,920			173,872			170,167						164,985			115,878			118,812			6,961			331,030			337,704												2,003,012
General & Administrative Expense			135,097			141,707			815			236,869			815			172,862			185,529			188,934			815			215,977			155,763			191,863			13,286			667,016															2,307,347
Barter Expense			6,364			21,582						10,692						7,740			10,520			10,221						7,415			10,092			5,891			805			76,205															167,527
Total Operating Expenses			595,714			529,705			815			1,093,252			815			768,999			836,153			824,807			815			793,043			654,039			658,105			31,981			2,597,467			337,704												9,723,414

Net Operating Income			463,859			616,132			(815		)	723,360			(815		)	398,412			619,515			335,856			(815		)	805,141			412,003			854,022			118,936			128,884			(99,882		)										5,373,793
Operating Margin			43.8		%	53.8		%	0.0		%	39.8		%	0.0		%	34.1		%	42.6		%	28.9		%	0.0		%	50.4		%	38.6		%	56.5		%	78.8		%	4.7		%	-42.0		%	0.0		%	0.0		%	0.0		%	35.6		%

Corporate Expense																																																686,262									686,262
Non-Cash Compensation Paid in Common Stock																																																105,825									105,825

Income Before Deprec. & Taxes			463,859			616,132			(815		)	723,360			(815		)	398,412			619,515			335,856			(815		)	805,141			412,003			854,022			118,936			128,884			(99,882		)	(792,087		)							4,581,706

Deprec. & Amort. of Property & Equipment			65,239			81,879						90,394						57,007			90,004			72,565						77,773			47,548			99,026			15,158			132,721			2,337			44,674									876,324
Amort of Broadcast License & Other Intang.			22,907						20,803						29,201			16,988			1,013			89									92,978			55,271			1,430						274			135,808									376,762
Interest (Income)																																																(1,208		)							(1,208		)
Interest Expense - Cash																																																3,105,244									3,105,244
Other (Income)/Expense																		4,600																		(1,005,711		)	(89,044		)	(59,865		)	207			(14,147		)							(1,163,961		)
Income Tax						9,300																								50															380			47,588									57,318
Total Non-Operating Expenses			88,146			91,179			20,803			90,394			29,201			78,595			91,017			72,654						77,823			140,526			(851,415		)	(72,456		)	72,856			3,198			3,317,959									3,250,480

Reorganization Costs		(2)	6,500			9,750						10,400						9,750			9,750			9,750						9,750			6,500			6,825						13,000			4,875			486,440									583,290

Net Income/(Loss)			$	369,213		$	515,203		$	(21,618	)	$	622,566		$	(30,016	)	$	310,067		$	518,749		$	253,452		$	(815	)	$	717,568		$	264,977		$	1,698,612		$	191,392		$	43,028		$	(107,955	)	$	(4,596,486	)	$	0		$	0		$	747,935

Notes:		(1)		Income Statement excludes debtors that do not have any income statement activity (inactive): 10664; 10666; 10669; 10649; 10653; 10657; 10658; 10659; 10668; 15606; 15607.
		(2)		Approximately $486,000 of Reorganization Costs were recorded by YBI Corp (10645) in March. These expenses are currently not allocated to other debtors, but YB Corp. reserves the right to do so. Additionally, there were approximately $97,000 of charges related to Q1 2010 U.S. Trustee Fees that were also recorded as Reorganization Costs in March.

YOUNG BROADCASTING INC.

Consolidating Balance Sheet

March 2010

		09-10671			09-10661			09-10651			09-10653		09-10649			09-10665			09-10656			09-10659		09-10673			09-10672			09-10652
	Case #	WLNS			KLFY			KLFYLP			LAT		WTVO			WKRN			WKRNGP			YBT		WTEN			WRIC			WATE
ASSETS
Cash		$	(46,394	)	$	31,644		$	0		$	0	$	0		$	(112,501	)	$	0		$	0	$	(62,813	)	$	(34,230	)	$	(5,820	)
Accounts Receivable		1,887,734			2,286,615											3,810,499								2,015,718			3,190,570			2,224,887
Interest Receivable-Subsidiaries
Program License Rights -S/T		196,440			128,143											560,780								462,274			669,825			479,776
Prepaid Expenses		229,030			67,098											111,385								173,577			62,805			82,724
Total current assets		2,266,810			2,513,499											4,370,164								2,588,756			3,888,970			2,781,566

Property & Equipment		22,552,632			19,750,618											25,891,163								17,331,054			28,017,478			20,188,956
Accumulated Depreciation		(18,688,319		)	(16,950,376		)									(19,981,483		)						(14,792,889		)	(22,180,437		)	(15,355,454		)
Net property and equipment		3,864,312			2,800,242											5,909,680								2,538,165			5,837,041			4,833,502

Program License Rights-L/T
Deposits		5,275			27,703											124,144								224,363			63,532			18,000
Notes Receivable Subsidiaries
Investments																								514,161
Goodwill		294,329						14,425,250																			97,587			9,331
Accumulated Amortization - Goodwill		(294,330		)				(6,592,586		)																	(17,484		)	(9,331		)
Accumulated Amortization - Indefinitely Lived IA		(4,516,577		)	(118,854		)	(612,608		)						(144,809		)	(2,234,115		)			(1,968,693		)	(5,023,645		)	(85,928		)
Going Concern		381,250			350,000											463,389								2,916,396			479,600			85,928
FCC/Broadcast Licenses		10,330,810						1,804,000											7,149,168					3,556,017			27,559,349
Accum Amort - Definite Lived Intangible Assets		(8,154,027		)				(5,200,153		)						(208,027		)	(6,069,620		)			(3,502,922		)	(175,922		)	(47,728		)
Organizational Costs		2,406																									486,667
Intangibles		1,649,600														208,027														55,831
Network Affiliation		11,106,203						9,381,428											11,938,965					6,917,548
Accumulated Amortization - Deferred Charges
Debt Issuance Costs
Pre-Petition Intercompany		(1,034,872		)	(1,483,461		)	2,117,561			66,667					(1,057,489		)	2,417,879			55,556		746,543			2,338,081			(1,695,076		)
Post-Petition Intercompany		1,620,027			1,659,110			5,322,965								813,258			2,960,126			2,483,464		2,907,492			5,715,814			(1,265,130		)
Total non-current assets		11,390,095			434,499			20,645,857			66,667					198,493			16,162,403			2,539,020		12,310,905			31,523,579			(2,934,104		)

Total Assets		$	17,521,217		$	5,748,240		$	20,645,857		$	66,667	$	0		$	10,478,337		$	16,162,403		$	2,539,020	$	17,437,826		$	41,249,590		$	4,680,965

Liabilities not subject to Compromise
Accounts Payable		143,629			165,774											187,135								179,298			281,924			183,951
Accrued Expenses		278,540			237,420								804			329,457								151,459			237,472			209,200
Program License Liability		176,440			107,573											507,330								429,749			617,225			428,675
Deferred Revenue		399,391			387,763											133,972								68,317			53,244			32,060
Total Liabilities not subject to Compromise		998,001			898,530								804			1,157,894								828,823			1,189,865			853,886

Liabilities subject to Compromise
Accounts Payable		254,618			268,538											325,641								252,703			295,933			342,038
Program License Liabilities Subject to Compromise		109,652			57,418											180,722								227,525			503,346			310,374
Pre-Petition Accrued Interest	1)	648,117			4,515,190			134,169																170,198			134,635			380,946
Post-Petition Accrued Interest	2)
Notes Payable - Senior bank L/T
Notes Payable - Senior sub-debt
Premiums on Subordinated Debt
Notes Payable Parent		36,783,094			29,157,765			33,334,012											8,685,836					31,899,172			51,150,000			16,777,582
Deferred Tax Liability
Other Liabilities
Total Liabilities subject to Compromise		37,795,482			33,998,911			33,468,182								506,363			8,685,836					32,549,598			52,083,914			17,810,939

Common Stock		1,934			518								50,199			1,421
Additional Paid In Capital		13,367,122			21,748,476			(16,792,480		)	66,667		8,054,984			38,959,296			(2,636,044		)	2,539,020		(6,105,135		)	(15,523,638		)	11,097,732
Other Income
Retained Earnings		(34,641,321		)	(50,898,194		)	3,970,155					(8,105,988		)	(30,146,637		)	10,112,611					(9,835,460		)	3,499,450			(25,081,592		)
Stockholders’ Equity		(21,272,265		)	(29,149,200		)	(12,822,325		)	66,667		(804		)	8,814,079			7,476,567			2,539,020		(15,940,595		)	(12,024,189		)	(13,983,860		)

Total Liabilities & Equity		$	17,521,217		$	5,748,240		$	20,645,857		$	66,667	$	(0	)	$	10,478,337		$	16,162,403		$	2,539,020	$	17,437,826		$	41,249,590		$	4,680,965

See Attached Notes

YOUNG BROADCASTING INC.

Consolidating Balance Sheet

March 2010

		09-10655			09-10658		09-10650			09-10648			09-10662			09-10670			09-10660			09-10663			09-10664		09-10657	09-10666
	Case #	WATEGP			YBK		WBAY			KWQC			KELO			KCLO			KRON			AYI			HBF		KCAL	Fidelity
ASSETS
Cash		$	0		$	0	$	16,027		$	(38,458	)	$	(76,429	)	$	100		$	(115,950	)	$	(9,530	)
Accounts Receivable					55,556		2,614,540			1,938,284			2,455,660			232,762			5,308,105			136,459
Interest Receivable-Subsidiaries
Program License Rights -S/T							159,535			410,934			201,821			9,396			3,194,018
Prepaid Expenses							119,732			76,790			146,805						504,594			15,549
Total current assets					55,556		2,909,834			2,387,550			2,727,857			242,258			8,890,767			142,479

Property & Equipment							27,831,614			18,461,464			35,381,937			3,883,197			44,448,583			1,068,583
Accumulated Depreciation							(21,796,289		)	(15,192,428		)	(30,346,986		)	(3,295,184		)	(32,306,160		)	(1,037,815		)
Net property and equipment							6,035,325			3,269,037			5,034,952			588,013			12,142,423			30,768

Program License Rights-L/T																			874,280
Deposits							54,450			600			19,225			4,856			116,538			10,263
Notes Receivable Subsidiaries
Investments										(25,739		)	624,707						2,223,387			1,954,938
Goodwill							6,453						220,700			15,900
Accumulated Amortization - Goodwill							(6,453		)				(30,806		)	(2,617		)
Accumulated Amortization - Indefinitely Lived IA		(8,075,475		)			(3,550,605		)	(1,753,766		)	(831,109		)	(17,169		)	(30,346,900		)
Going Concern							85,929			68,942
FCC/Broadcast Licenses		19,321,618					19,445,503			10,333,674			5,954,211			122,999			98,543,976
Accum Amort - Definite Lived Intangible Assets										(13,540,690		)	(8,161,489		)	(207,126		)	(8,591,604		)	(121,744		)
Organizational Costs																			8,591,604			122,430
Intangibles										236,342
Network Affiliation										32,053,766			19,271,111			494,575
Accumulated Amortization - Deferred Charges
Debt Issuance Costs
Pre-Petition Intercompany		(10,595		)	55,556		3,840,512			1,247,881			3,140,865			1,163,813			(14,075,078		)	(2,521,485		)
Post-Petition Intercompany		3,322,590					4,908,195			5,806,142			8,548,564			1,131,730			(3,272,930		)	(2,553,387		)
Total non-current assets		14,558,138			55,556		24,783,983			34,427,152			28,755,980			2,706,961			54,063,274			(3,108,985		)

Total Assets		$	14,558,138		$	111,112	$	33,729,143		$	40,083,738		$	36,518,788		$	3,537,232		$	75,096,464		$	(2,935,739	)

Liabilities not subject to Compromise
Accounts Payable					55,556		344,040			230,705			114,442			4,025			912,585			2,304
Accrued Expenses							283,690			147,218			369,645			56,155			6,189,929			38,459
Program License Liability							132,708			371,077			172,372			5,371			3,522,168
Deferred Revenue							696,681			861,830			976,126			60,411			148,653
Total Liabilities not subject to Compromise					55,556		1,457,119			1,610,829			1,632,585			125,962			10,773,335			40,763

Liabilities subject to Compromise
Accounts Payable							338,648			431,394			420,595						1,880,633			59,330
Program License Liabilities Subject to Compromise							187,332			219,075			91,318						1,526,594
Pre-Petition Accrued Interest	1)	10,558,927					(98,884		)	110,812			47,008						533,712,582
Post-Petition Accrued Interest	2)
Notes Payable - Senior bank L/T
Notes Payable - Senior sub-debt
Premiums on Subordinated Debt
Notes Payable Parent		44,572,418					37,500,000			57,173,000			51,281,308						754,538,111
Deferred Tax Liability
Other Liabilities
Total Liabilities subject to Compromise		55,131,345					37,927,096			57,934,282			51,840,229						1,291,657,920			59,330

Common Stock
Additional Paid In Capital		759,231			55,556		(14,463,985		)	(8,008,884		)							90,324,210			10,434,004			1,971,300
Other Income																			(5,434,588		)
Retained Earnings		(41,332,438		)			8,808,913			(11,452,489		)	(16,954,026		)	3,411,270			(1,312,224,414		)	(13,469,836		)	(1,971,300	)
Stockholders’ Equity		(40,573,207		)	55,556		(5,655,072		)	(19,461,373		)	(16,954,026		)	3,411,270			(1,227,334,791		)	(3,035,832		)
Total Liabilities & Equity		$	14,558,138		$	111,112	$	33,729,143		$	40,083,738		$	36,518,788		$	3,537,232		$	75,096,464		$	(2,935,739	)

See Attached Notes

YOUNG BROADCASTING INC.

Consolidating Balance Sheet

March 2010

		09-10668			09-10645			09-15606			09-15607
	Case #	YBSAS			CORP			YBCC			YCI	Sub-Total			Elimination			Consolidated
ASSETS
Cash		$	(241	)	$	25,247,284						$	24,792,690					$	24,792,690
Accounts Receivable					19,614							28,177,004						28,177,004
Interest Receivable-Subsidiaries					550,313,700							550,313,700			(550,313,700		)
Program License Rights -S/T												6,472,942						6,472,942
Prepaid Expenses		3,181			1,529,744							3,123,012						3,123,012
Total current assets		2,940			577,110,341							612,879,348			(550,313,700		)	62,565,648

Property & Equipment		274,002			7,006,853							272,088,136						272,088,136
Accumulated Depreciation		(35,448		)	(6,069,115		)					(218,028,383		)				(218,028,383		)
Net property and equipment		238,554			937,738							54,059,752						54,059,752

Program License Rights-L/T												874,280						874,280
Deposits		8,000			730,032							1,406,982						1,406,982
Notes Receivable Subsidiaries					1,034,360,859			118,491,439				1,152,852,298			(1,152,852,298		)
Investments												5,291,453			(1,954,938		)	3,336,515
Goodwill												15,069,550						15,069,550
Accumulated Amortization - Goodwill												(6,953,607		)				(6,953,607		)
Accumulated Amortization - Indefinitely Lived IA												(59,280,253		)				(59,280,253		)
Going Concern												4,831,434						4,831,434
FCC/Broadcast Licenses												204,121,325						204,121,325
Accum Amort - Definite Lived Intangible Assets												(53,981,054		)				(53,981,054		)
Organizational Costs												9,203,108						9,203,108
Intangibles												2,149,800						2,149,800
Network Affiliation												91,163,596						91,163,596
Accumulated Amortization - Deferred Charges					(9,203,306		)					(9,203,306		)				(9,203,306		)
Debt Issuance Costs					13,955,285							13,955,285						13,955,285
Pre-Petition Intercompany		(256,392		)	166,749,014			(16,879,553		)		144,925,929			(144,925,929		)
Post-Petition Intercompany		18,712			(40,126,743		)
Total non-current assets		(229,680		)	1,166,465,142			101,611,886				1,516,426,820			(1,299,733,165		)	216,693,656

Total Assets		$	11,815		$	1,744,513,221		$	101,611,886			$	2,183,365,920		$	(1,850,046,864	)	$	333,319,056

Liabilities not subject to Compromise
Accounts Payable		701			2,172,162							4,978,230						4,978,230
Accrued Expenses		2,700			3,128,085							11,660,235

YOUNG BROADCASTING INC /DE/ 8-K