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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No 3)*
YOUNG BROADCASTING INC.
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(Name of Issuer)
CLASS A COMMON STOCK, $.001 PAR VALUE
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(Title of Class of Securities)
987434107
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(CUSIP Number)
N/A
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed.
[_] Rule 13d-1 (b)
[_] Rule 13d-1 (c)
[X] Rule 13d-1 (d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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CUSIP No. 987434107 13G Page 2 of 6 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
VINCENT J. YOUNG (###-##-####)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
1,031,206
6 SHARED VOTING POWER
442,797
7 SOLE DISPOSITIVE POWER
1,017,789
8 SHARED DISPOSITIVE POWER
350,450
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,474,003
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.4%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 987434107 13G Page 3 of 6 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ADAM YOUNG (###-##-####)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
606,291
6 SHARED VOTING POWER
350,450
7 SOLE DISPOSITIVE POWER
606,291
8 SHARED DISPOSITIVE POWER
350,450
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
956,741
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.9%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
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The filing of this statement shall not be construed as an admission that the
reporting persons are the beneficial owners of the securities covered by such
statement.
Item 1. (a) Name of Issuer:
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Young Broadcasting Inc.
(b) Address of Issuer's Principal Executive
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Offices:
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599 Lexington Avenue
New York, New York 10022
Item 2. (a)-(c) Name, Address of Principal Business
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Office and Citizenship of Person Filing:
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This statement is being filed pursuant to Rule 13d-1(k)(1) under the
Securities Exchange Act of 1934 on behalf of the following reporting persons:
(i) Vincent J. Young and (ii) Adam Young. The principal business office of
each such person is c/o Young Broadcasting Inc., 599 Lexington Avenue, New
York, New York 10022. Each such person is a United States Citizen. Attached as
Exhibit A hereto is the Joint Filing Agreement, dated as of February 14, 1996,
entered into among such persons pursuant to which it was agreed that this
statement be filed on behalf of all of such persons.
(d) Title of Class of Securities:
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Class A Common Stock, $.001 Par Value
(E) CUSIP Number:
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987434107
Item 3. Not Applicable.
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Item 4. Ownership.
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See items 5 through 9 and item 11 of the cover pages.
Item 5. Ownership of Five Percent or Less of a Class.
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Not applicable.
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Item 6. Ownership of More than Five Percent on Behalf of Another Person.
- ------- ---------------------------------------------------------------
There are other Persons known by the reporting persons to have the right
to receive and the power to direct the receipt of dividends from, and the
proceeds from the sale of, the securities reported in this statement.
Item 7. Identification and Classification of the Subsidiary
- ------- ---------------------------------------------------
Which Acquired the Security Being Reported on By the
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Parent Holding Company.
-----------------------
Not applicable.
Item 8. Identification and Classification of Members of the
- ------ ---------------------------------------------------
Group.
------
Not applicable.
Item 9. Notice of Dissolution of Group.
- ------- -------------------------------
Not applicable.
Item 10 Certification
- ------- -------------
Not applicable.
SIGNATURE
---------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: May 20, 1998
as of
December 31, 1997
/s/ Vincent J. Young
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Vincent J. Young
/s/ Adam Young
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Adam Young
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EXHIBIT A
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JOINT FILING AGREEMENT
----------------------
The undersigned hereby agree that the statement on Schedule 13G with
respect to the shares of Class A Common Stock, $.001 Par Value, of Young
Broadcasting Inc., dated February 14, 1995, as of December 31, 1994, is, and any
amendments thereto signed by each of the undersigned shall be, filed on behalf
of each of us pursuant to and in accordance with the provisions of
Rule 13d-1(f) under the Securities Exchange Act of 1934.
Dated: February 14, 1995
/s/ Vincent J. Young
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Vincent J. Young
/s/ Adam Young
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Adam Young
