929144--4/22/2009--YOUNG_BROADCASTING_INC_/DE/

related topics
{debt, indebtedness, cash}
{regulation, change, law}
{capital, credit, financial}
{personnel, key, retain}
{condition, economic, financial}
{operation, natural, condition}
{tax, income, asset}
{provision, law, control}
{cost, operation, labor}
{interest, director, officer}
{competitive, industry, competition}
{acquisition, growth, future}
We face significant challenges in connection with our bankruptcy reorganization Chapter 11 Filing. We depend on the cash flow of our subsidiaries to satisfy our obligations, including our debt obligations. Other intangible assets comprise a significant portion of our total assets. We must test our intangible assets for impairment at least annually, which may result in a material, non-cash impairment charge could have a material adverse impact on our results of operations and shareholders' equity. Covenant restrictions under our Senior Credit Facility and the indentures governing our senior subordinated notes may limit our ability to operate our businesses. Our business in the past has been adversely affected by national and local economic conditions. We are dependent on networks for our programming, and the loss of one or more of our affiliations would disrupt our business and could have a material adverse effect on our financial condition and results of operations by reducing station revenue at the affected station(s). We may experience disruptions in our business due to natural disasters or terrorism. We may experience disruptions in our business if we acquire and integrate new television stations. The departure of one or more of our key personnel could impair our ability to effectively operate our business or pursue our business strategies. Our business is subject to extensive governmental legislation and regulation, which may restrict our ability to pursue our business strategy and/or increase our operating expenses. Recent enforcement activity by the Federal Communications Commission may adversely affect our business. The Company's cost savings measures may be difficult to achieve within the time periods over which they are planned. We operate in a very competitive business environment. Management, as major stockholders, possesses unequal voting rights and control.

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