Young Broadcasting, Facing Delisting, Moves To NASDAQ

Young Broadcasting, whose stock price has plummeted to below 8 cents and has been threatened with delisting, said last week that it has shifted to another NASDAQ trading market that gives it more time to raise its share price above $1. A principal reason that Young's stock price has fallen so precipitously appears to be many investors' frustration with its inability to sell San Francisco station KRON, a MyNetworkTV affiliate. But the troubled credit markets seem to have hampered a potential divestiture. A KRON sale almost certainly would lead to an increased stock price, and Young may be banking on that instead of opting to go private.